Billionaire entrepreneur Neeraj Goel is all set to launch the Singapore Innovation League
Billionaire entrepreneur and innovator Neeraj Goel is ready with his latest offering, the Singapore Innovation League. What is this league and what is the purpose behind starting it? Well, Neeraj, who rose from the ground all alone, has strong views on bringing back society. After building a multi-billion dollar empire, he’s ready to help others fuel their own dreams!
Singapore Innovation League:
The Singapore Innovation League will be launched on 4th July 2014, coincidentally the Independence Day of the United States of America. This league was launched with the aim of making Singapore the innovation and technology capital of the entire world. In this way, Singapore will become a major technology hub, similar to Silicon Valley in the US and other major technology and innovation centers in the world.
More about the project:
The total volume of the league is set at around SGD 1.5 billion and is aimed at supporting nearly 500 companies with proven potential. Each company that is qualified will receive 3 million SGD or about 2.4 million USD in funding. Such a huge amount of capital will be enough to give them a major boost and catapult them into the league of who’s who among local and global business players.
Who knew the next big tech company could come from Singapore? Well, with so much funds in their kitty, mainly thanks to Goel, it might even be possible! He invested S$1.5 billion from his personal capacity. Thus, he joined the list of the world’s biggest billionaires who have donated tramps to charity.
More about Niraj Goel
Goel is an NRI entrepreneur, innovator and visionary based in Singapore. It has many innovations, mainly in the fintech and insurance sectors. Thanks to his constant efforts over several years, he has amassed a personal fortune worth billions of dollars. He has surpassed even some of the famous names in India when it comes to the amount of total personal wealth.
After reaching the top, Neeraj decided to give back to the society. He has set up numerous trusts to help poor children, the needy and the elderly. His latest offering to society is a venture capital corpus, with which he intends to provide much-needed help to aspiring entrepreneurs! His support could be crucial given the fact that countless new ventures are struggling due to a lack of funds.
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