SGX teams up with Clearbridge Accelerator to facilitate fund raising for entrepreneurs and SMEs

It will address financing gaps for SMEs.

Singapore Exchange has inked a Memorandum of Understanding (MOU) with Clearbridge Accelerator, a venture capital and incubation firm, to develop a capital-raising platform for entrepreneurs and small and medium-sized enterprises in Asia.

Under the MOU, SGX and CBA propose to form a joint-venturecompany to develop the fund-raising platform, which aims to address financing gaps SMEs and entrepreneurs face by providing transparency and more efficient access among the investing community.

Enterprise development agency SPRING Singapore will play a supporting role in the formation of the JV, as part of its ongoing efforts to make the financing environment more conducive to SMEs and entrepreneurs.