Neoteny Tapped for Singapore

Neoteny Labs selected to participate in $550 million S’pore National Research Foundation Technology Incubation Scheme - http://bit.ly/7EnDMT

Neoteny Labs is pleased to announce that it has been selected as one of seven technology incubators to participate in the S$50 million National Research Foundation (NRF) Technology Incubation Scheme (TIS).

Founded by entrepreneur and venture capitalist Joichi Ito, Neoteny Labs intends to harness these trends in the course of incubating and investing in early-stage startups across Asia, and has selected Singapore to set up its first incubator. The incubator is on track to commence operations in Q1 2010.

“Singapore – with its multi-lingual, multi-cultural society and pro-talent and pro-business government policies – is perfectly positioned,” said Mr. Ito. “We are firmly committed to building an ʻInnovation Ecosystemʼ that will trigger a critical mass of investors and entrepreneurs focusing on Singapore as a leading entrepreneur hub in Asia. This will in
turn spur the growth of technology commercialization in Singapore.”