CapitaLand Sinagpore has been chosen by the National Research Foundation to co-invest in the Early Stage Venture Fund III Scheme (ESVFIII).
Under the program, CapitaLand will fund $15 million to support innovations of local tech start-ups which can enhance and complement its business, including areas of design and construction, sales and leasing, operations and maintenance, smart living solutions, workplace productivity and customer engagement.
These start-ups scheme will provide opportunities to test-bed their solutions in different commercial and residential properties of CapitaLand in more than 150 cities.
The has group has already begun with different initiatives, which include CAPITASTAR, a loyalty programme with about 2.8 million members around Singapore, Malaysia, China, India and Japan.
The company has also launched 2 e-commerce pilots, which are the Project Just Use within Capital Tower and Food-to-Go located at Raffles City Singapore.
Other companies that are considering to invest in start-ups includes, YCH, Wilmar and DeClout.