Simplified VC Manager Regime
MAS has simplified the regulatory requirements for venture capital managers for them to play a bigger role in supporting start-ups.
Venture capital/private equity (VC/PE) managers are an essential component of the enterprise financing ecosystem, specifically by providing smart capital. More Asian companies are expanding beyond their borders, which has led to a surge in capital raising in Asia and greater interest to invest in Asian companies.
Besides being a provider of capital, VC/PE managers contribute operational and business expertise to their portfolio companies. Such expertise could improve the companies' operational efficiencies and unlock new markets for the companies' products and services.
MAS has revised regulations to facilitate the activities of venture capitalists, and to give finance companies greater scope to support small and medium-sized enterprises.
We are also working with the industry on initiatives to support finance companies at various stages of the financing lifecycle and to profile ASEAN VC and PE activity and landscape through collaborative research. At the exit stage, we are looking to set up private market funding platforms to help growth companies access a wider network of investors.
Mr Heng Swee Keat, Deputy Prime Minister, Minister for Finance and MAS’ Board Member, said Singapore seeks to contribute to Asia’s sustainable growth by serving as a key node for channelling financing to the region.
Mr Peter Ong, Chairman of Enterprise Singapore and MAS' Board Member, touched on innovation and enterprise in Singapore, and the collaboration between MAS and Enterprise Singapore on "Deal Fridays", a component of the Singapore FinTech Festival (SFF) x Singapore Week of Innovation and TeCHnology (SWITCH) 2019.
Mr Heng Swee Keat, Minister for Finance and MAS' Board Member, announced that MAS would implement a three-year initiative to help businesses seeking to raise capital through Singapore’s equity market. He also announced the launch of the Grant for Equity Market Singapore (GEMS).
MAS will launch a new S$75 million Grant for Equity Market Singapore (GEMS). It comprises three components - Listing Grant, Research Talent Development Grant and Research Initiatives Grant. GEMS is a three-year initiative to help enterprises seeking to raise capital through Singapore’s equity market.