Singapore tech incubator Clearbridge Accelerator gets investment from Silicon Valley VC
August 2, 2011 by Terence LEE
Clearbridge Accelerator, a Singapore-based technology incubator that focuses on biomedical devices, nanotech, advanced material sciences and computational algorithms, has received an investment from Tim Draper, founder and managing director of venture capital firm Draper Fisher Jurvetson, according to a press release.
The funding will go towards strengthening Clearbridge Accelerator’s incubation platform and expanding its incubation team and support infrastructure. Currently, the incubator is involved with four companies: Clearbridge BioMedics, Clearbridge BioLoc, Clearbridge Nanomedics, and Clearbridge VitalSigns.
Clearbridge Accelerator is the Singapore incubation arm of Clearbridge Partners, an Hong Kong based venture capital firm. The incubator aims to translate promising laboratory research into commercial and sustainable enterprises.
The company is part of the Singapore National Research Foundation’s (NRF) Technology Incubator Scheme (TIS), a program in which the NRF will co-invest in promising companies alongside the incubators.
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Terence LEE - Editor
Terence writes mainly about technology trends and startups in Asia. He believes in crafting smart content: Not just a regurgitation of text, but well thought-out pieces that serve the reader using a combination of data, design, narratives, analysis, and visual impact. His articles have been published on Venturebeat, Yahoo!, Straits Times, Today, and The Online Citizen. He also co-founded NewNation.sg, a satirical news site covering Singapore affairs. Engage him on LinkedIn and Twitter.Read other posts by Terence LEE