SGX signs deals with Crowdo, PwC to support early-stage firms
The aim is to facilitate better access to expertise and growth capital.
Singapore Exchange separately signed two Memoranda of Understanding with Crowdonomic Media Pte Ltd (Crowdo) and PwC’s Venture Hub, as part of its drive towards supporting and facilitating capital access for the startup and early stage small and medium Enterprises (SMEs) communities.
SGX head of capital market development Mohamed Nasser Ismail said the exchange's established infrastructure and network can support and improve access to capital for early-stage companies.
"We have been involved in the startup and early-stage SMEs space starting from our partnership with CapBridge, as well as the provision of depository services for FundedHere’s proprietary bonds platform. Moving forward, we will continue to work with relevant like-minded stakeholders to facilitate better access to expertise and growth capital for these early-stage companies,” he said.
The areas of collaboration outlined by the MOU signed between SGX and Crowdo include raising awareness amongst the SMEs and the investing community about the various opportunities and channels available to raise capital in Singapore; information sharing to create efficient access to capital for SMEs; and mutually developing guidelines for the cross-referral of potential clients.
Meanwhile, the collaboration between SGX and PwC involves jointly promoting Singapore as an attractive ecosystem for startups, fast growing innovative companies and the investing community; arranging regular dialogues to further develop thought leadership within the startup community; and raising awareness about the various opportunities and channels to grow in the Asia Pacific region, using Singapore as a hub.