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2016 was a heartening year for startups, which were propelled into the limelight for driving record venture capital (VC) investments in Singapore, being recognised as vehicles for disruption and innovation, and invoking concerns about their sustainability and burn rates.
Tech startups, in particular, led the Republic’s US$3.5 billion worth of private equity and VC investments in 2016, its best showing in the last five years based on a Duff and Phelps report. Read more…
Source: THE BUSINESS TIMES