Singapore’s Venture Debt Programme
The Venture Debt Programme (VDP) is one of the latest government-led initiatives that expands the range of capital raising options available to entrepreneurs in Singapore… with the aim of providing local early stage and high growth small and medium-sized enterprises (SMEs) with a new financing option for business growth and expansion. On 28 April 2016, SPRING Singapore officially launched the VDP with the local banks – DBS, OCBC and UOB. Under the VDP, DBS, OCBC and UOB will seek to catalyse about 100 venture debt loans, totalling close to S$500 million over two years.