Singapore government to invest in digital health startups

 13-Jan-16, Channel News Asia

Electronics giant Philips and EDBI, the investment arm of the Singapore Economic Development Board, have agreed to jointly invest in digital health companies, especially in the area of population health management.

Image: AFP / Koen van Weel

Under the agreement, the partners will focus on mid-to-late stage digital health firms, and help them to set up base in Singapore.

EDBI will leverage its investment network to accelerate the awarded companies’ growth plans, the release said.

Philips will provide mentorship to the firms and help them to develop necessary skills.

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