Venture Debt Programme – A New Source Of Funding Development Plans For Emerging Entities

Introduction

Regarded among investors and industry observers as Southeast Asia's most developed entrepreneurial ecosystem, Singapore has much to be proud of with regard to the transformation of its entrepreneurial landscape over the last decade. In fact, between 2012 and 2015, Singapore moved up seven places to rank 10th in an international report by Compass, which ranks start-up ecosystems. This is ostensibly a testament of Singapore's ceaseless aspiration to becoming what might very well be, the Silicon Valley of the East.

Singapore's achievement as the region's entrepreneurial hub has, for the most part, been recognisably attributed to the extensive government efforts in supporting start-ups and entrepreneurship. Indeed, there is currently a whole host of government funding and assistance schemes available to enable enterprise development and to contribute to Singapore's success as a start-up-friendly nation.