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 of its launch? Well, Niraj, who has risen from scratch on his own, has strong views on giving back to society. After building an empire worth billions of dollars, you are ready to help others cultivate 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 world. In this way, Singapore will become a major technology hub, along the lines of Silicon Valley in the US and other major technology and innovation hubs in the world.
More about the project:
The league’s total corpus has been set at around SGD 1.5 billion and is intended to help nearly 500 companies with proven potential. Each qualifying company will receive SGD 3 million or around USD 2.4 million in financing. Such an enormous amount of capital will be enough to give them a huge boost and catapult them into the who’s who league among national and global business players.
Who knows that the next big tech company may come from Singapore? Well, with so much funding on her kitties, mostly thanks to Goel, this might even be possible! He is making an investment of SGD 1.5 billion based on his personal capacity. By doing this, you have joined the list of the world’s greatest billionaires who have donated tons of money to charity.
More about Niraj Goel
Goel is a Singapore-based NRI entrepreneur, innovator and visionary. It has multiple innovations to its name, primarily in the financial technology and insurance sectors. Thanks to his sustained efforts over several years, he has accumulated a personal fortune valued in billions of dollars. It has even surpassed 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 society. He has created several trusts to help poor children, the needy, and the elderly. His latest offering to the company is a venture capital corpus, with which he intends to provide much-needed help to aspiring entrepreneurs. Your support could prove crucial considering the fact that countless startups struggle due to funding shortages.