Singapore urged to take the lead in supporting green tech startups in Southeast Asia

The Fairatmos-VVSEAI tie-up as blueprint for future collabs between Singapore investors and startups in the region.

Asian financial hub Singapore will play a vital role in identifying and supporting the broader green tech startup environment in Southeast Asia, according to Indonesia’s early-stage investment platform and advisory firm ANGIN.

Being home to many venture capital firms, Singapore can extend support to green tech firms in the region through funding, mentorship and networking, while the city-state’s government and other stakeholders can work together to create a conducive environment for sustainable investments, ANGIN said in a statement.

One instance is the funding provided by Singapore-based venture capital Vertex Ventures Southeast Asia and India (VVSEAI) to Fairatmos, a carbon tech platform based in Indonesia.

Jakarta-headquartered ANGIN is also a major supporter of Fairatmos, particularly on its product, Atmoswatch.

It said the successful collaboration between Fairatmos and VVSEAI serves as a blueprint for other green tech startups in the region seeking aid from investment platforms and venture capital firms.

“Characterized by efficacy, this collaborative model offers a replicable framework for Singapore, demonstrating the potential for effective climate change combat through strategic alliances with firms,” it added.