Esco, the Life Science firm, sets up S$10m venture fund for startups

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Lin Xiangqian, Singaporean CEO of Esco Ventures, funded internally by the Esco group of companies, wants to mentor medtech, healthcare tech, life sciences startups. He told The Business Times, “Singapore is a small country between India and China and we can’t compete on scale. So we have to innovate to create higher-value jobs”. Esco provides lab equipment for the life sciences industry, as well as medical devices for in-vitro fertilization. “Esco has received takeover offers from US and European multinationals, but has decided to remain independent”, Lin said. He estimates the market value of his company to be between S$100 million and S$200 million. He is willing to invest in startups for life science and medtech projects in Singapore. This is good news to enthusiastic scientists and anyone interested to go beyond their scientific career.

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The above story is based on materials from http://www.businesstimes.com.sg/premium/top-stories/life-sciences-firm-esco-sets-s10m-venture-fund-20140908

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Scientist-entrepreneur-manager-journalist: -Co-founder, Author; Former Assistant Editor and Director, Biotechin.Asia, Biotech Media Pte. Ltd.; -Founder & CEO, SciGlo (www.sciglo.com); -Programme Management Officer, SBIC, A*STAR (former Research Fellow). --Sandhya graduated from University of Madras, India (B.Sc Microbiology and M.Sc Biotechnology) and received her Ph.D from the Nanyang Technological University, Singapore. She worked on oxidative stress in skin, skeletal, adipose tissue and cardiac muscle for a decade from 2006-2016. She is currently working as a Programme Management Officer handling projects and grants at Singapore Bioimaging Consortium (SBIC), Agency for Science, Technology and Research (A*STAR). Earlier to this she was a Research Fellow in the Fat Metabolism and Stem Cell Group at SBIC. Sandhya was also the Vice President and Publicity Chair of A*PECSS (A*STAR Post Doc Society) (2014-2016). Recently she founded a platform for scientists - SciGlo (www.sciglo.com) and is a startup mentor at Vertical VC (Finland). She is an ardent lover of science and enjoys globe trotting and good vegetarian food.