DBS Invests $7.1 million to Build a Silicon Valley in Singapore

DBS, the leading financial services group in Asia with over 280 branches across 18 markets, will invest $7.1 million in initiatives that will support the development of the startup ecosystem in Singapore over the next five years. These initiatives include DBS owned programmes, partnerships with accelerators and other startup programmes.

The first pre-accelerator programme, DBS HotSpot, kicks off the series of initiatives. Early-stage startups will be awarded almost $18,000, as well as provided with the workspace and access to industry mentors and DBS executives. Startups are not required to have an existing prototype or operating business and the bank doesn’t take an equity stake f ...

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