Tim Draper of Draper Fisher Jurvetson (DFJ) has invested some money in the Singaporean government's Clearbridge Accelerator, a tech incubator supported by the country's National Research Foundation (NRF).
The Clearbridge Accelerator was launched in 2009 to focus on "emerging and disruptive technologies." It has four current tenants in the medical and biotech fields.
The amount of Draper's investment has not been disclosed (sigh), but he was described as a "super-angel" in a statement from the incubator. Additionally, incubator managing director Johnson Chen noted that Draper's "extensive networks will be crucial in helping (us) enter global markets." Chen said the incubator plans to double the number of its tenants within the next year.
To read the full, original article click on this link: Silicon Valley Venture Capital Comes to Singapore | SYS-CON MEDIA
Author:Roger Strukhoff
