On 26 January 2015, the Singapore Exchange Limited (the “SGX”) announced a partnership with one of Singapore’s leading venture capital and incubation firms specialising in early-stage investments, Clearbridge Accelerator Pte Ltd (“CBA”), to develop a new capital-raising platform for entrepreneurs and small and medium-sized enterprises (“SMEs”) in Asia. Both parties have signed a Memorandum of Understanding (“MOU”) and intend to set up a joint venture company which will identify and form a strategic equity partnership with an experienced platform operator and industry stakeholders, such as financial institutions, to operate the new platform.

Other partners and collaborators will be identified to create investor demand for the capital offerings on the platform. Enterprise development agency, SPRING Singapore, will play a supporting role in the formation of the joint venture as part of its continuing efforts to make the financing environment in Singapore more conducive to SMEs and entrepreneurs.

Reference material

The SGX press release is available from the SGX website www.sgx.com by clicking here.