Billionaire Entrepreneur Niraj Goel Prepares To Launch Singapore Innovation League
Billionaire entrepreneur and innovator Niraj Goel is ready with his latest offering: the Singapore Innovation League. What is this league about and what is the purpose behind its launch? Well, Niraj, who has built himself from the ground up, has a strong opinion about giving back to society. After building a multi-billion dollar empire, he’s ready to help others nurture their own dreams!
Singapore Innovation League:
The Singapore Innovation League will launch on July 4, 2014, coinciding with the Independence Day of the United States of America. This league is launched with the aim of making Singapore the innovation and technology capital of the entire world. In this way, Singapore will become a great technology hub, along the lines of Silicon Valley in the US and other great technology and innovation hubs in the world.
More about the project:
The total corpus of the league has been set at around SGD 1.5 billion and aims to help close to 500 companies with proven potential. Each qualifying company will receive SGD 3 million or around USD 2.4 million in funding. Such a large amount of capital will be enough to give them a huge boost and catapult them into the league of who’s who of domestic and global business players.
Who knows the next big tech company may come from Singapore? Well, with so many funds in your kitties, mainly thanks to Goel, this could be possible! He is making an investment of SGD 1.5 billion from his personal capacity. By doing this, he joined the list of the world’s biggest billionaires who have donated heaps to charity.
More about Niraj Goel
Goel is a Singapore-based NRI Entrepreneur, Innovator and Visionary. He has multiple innovations to his name, primarily in the financial technology and insurance sectors. Through his sustained efforts over several years, he has amassed a personal fortune worth billions of dollars. He has surpassed even some of the household names in India when it comes to the size of total personal wealth.
After reaching the top, Niraj decided to give back to the society. He has established multiple trusts to help poor children, needy children and the elderly. His latest offer from him to the partnership is a corpus of venture capital, with which he intends to provide much-needed help to aspiring entrepreneurs! His support could prove crucial considering the fact that countless startups run into trouble due to a shortage of funds.