Singapore firm eyes hub in Japan for start-up talent in Asia
The academy aims to train young people from South-east Asia and Japan to serve as a bridge between the two regions.
A Singaporean venture capital firm, Insignia Ventures Partners, is set to establish a start-up hub in Iwate Prefecture, Japan, in collaboration with the local government, according to sources familiar with the project. The partnership aims to develop talent in and around Asia, drawing international talent into the broader Tohoku region and potentially increasing investment from fast-growing Southeast Asian economies.
Insignia Ventures Partners, founded in 2017, has made investments in over 90 companies in countries like Indonesia, Vietnam, Singapore, and Taiwan, managing a portfolio of S$1 billion. The joint venture will be based in Hanamaki, a city south of Morioka, in the Towa High School building, which was closed in 2010. The Singapore-accredited Insignia Ventures Academy currently has over 250 graduates from its 12-week core program on venture investment fundamentals.
The project is expected to boost regional revitalization and address Iwate's ageing population issues. Both parties are currently negotiating a timeline for the hub's opening and are considering seeking government subsidies for renovations.
Written by urgent.news from Straits Times Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
