EDB New Ventures

EDB New Ventures is the corporate venture-building arm of the Singapore Economic Development Board (EDB), launched in 2019. The firm supports the creation and scaling of high-potential new ventures from Singapore into globally leading businesses, operating the Corporate Venture Launchpad (CVL) programme — now in its third edition (CVL 3.0) — in partnership with established companies and serial entrepreneurs. EDB committed an additional S$24.5 million to facilitate corporate-startup partnerships, and the initiative is backed by the Singapore government. With 6 seed-stage investments to date, EDB New Ventures leads rounds with typical checks of $500,000 to $3 million across software, AI, data analytics, SaaS, agritech, and food technology. Portfolio companies include AquaEasy (AI-powered aquaculture, a Bosch spinoff combining sensors, software, and AI), NextGen (alternative protein food products), Stemly (financial software), and Performance Rotors (exited May 2023). The firm is led by Jacqueline Poh as EDB Managing Director. EDB New Ventures provides more than capital: portfolio companies receive strategic advice, access to EDB's global corporate network, talent connections, and risk-sharing support from one of Singapore's most influential government economic agencies. The firm operates alongside EDBI — EDB's larger investment arm managing billions in technology investments — and focuses primarily on Singapore and Southeast Asia, targeting ventures that can use Singapore as a launch pad for regional and global scale.