Entrepreneur’s Resource Centre (ERC) Holdings has launched a start-up laboratory, BIGFund, that will offer an accelerator programme aimed at helping start-ups commercialise their ideas across South-east Asia.
BIGFund will tap ERC’s expertise in the hospitality, education, entrepreneurship and real estate sectors. It will focus on helping start-ups expand into Singapore, Thailand and Vietnam for now, but hopes to add seven more cities across Asean to its programme by 2020.
The lab has been launched with $1 million and will offer up to $50,000 of funding in cash and in-kind support for accepted teams to kick-start their entrepreneurial journey, helping them to nurture their businesses to commercialisation stages within six months.
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Source: The Straits Times © Singapore Press Holdings Limited. Reproduced with permission.
03 November 2016