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Flagship and A*STAR Partner to Form Singapore Companies

publication date: Oct 3, 2024

Flagship Pioneering, a Cambridge, MA company, and Singapore’s A*STAR formed a collaboration to back new Singapore-based health and sustainability companies. In a MOU, the two companies agreed to contribute a total of US$77 million over five years, with the goal of creating new companies in Singapore. Flagship, a combination of startup and venture capitalist, forms its own companies with its own capital. The process starts with a “farfetched” question that sometimes becomes a company if the concept seems viable. Flagship supports the young company initially but expects other VCs to fund later development. More details....

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