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Singapore VC joins entrepreneurs in hunt for next Grab or Gojek

Monk's Hill backs veterans to find gifted startups in booming ASEAN tech sector

A startup incubation facility in Singapore: A new program by Monk's Hill Ventures locates and funds next-generation entrepreneurs. (Photo by Akira Kodaka)

SINGAPORE -- The COVID-19 pandemic has energized Southeast Asia's startup ecosystem, with increasing numbers of companies attaining unicorn valuations while closing in on IPOs. This has attracted venture capitalists looking to seed promising next-generation startups that might become the next Grab or Gojek.

One regional investor has started a unique program, teaming up with about 20 veteran entrepreneurs across the region to identify promising young companies.

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