The occasion attracted over 50 attendees from startups and venture capital firms in the Bay Area.
“C31 Ventures will enable CapitaLand to put money into assuring technology startups that are useful and add value to our company,” said Lim.
“CapitaLand a living laboratory is offered by ’s portfolio of property assets to startups where they are able to validate their thoughts and images. Given our strong foothold in Asia, CapitaLand may also function as a conduit for startups to enter the regional market, particularly China.
“we’re assured our invention focus wills significantly sharpen on customer engagement and real estate, strengthening our attempts to develop integrated and interconnected buildings that are intelligent in addition to create seamless online and offline customer experiences,” he noted.
He included that CapitaLand is “future proofing its company by leveraging technology to innovate and assemble real estate of tomorrow”.
C31 Ventures goals startup businesses that fit into CapitaLand’s focus areas of innovation in design, maintenance and building materials and building and construction, energy, operations, property financing and customer booking.
Shortlisted startups will be evaluated based on a mix of standards ranging from speed to product, market and financial viability, to managing metrics and valuation.
The startups will be reviewed by an investment committee consisting of CapitaLand’s senior management and outside advisers, including venture capitalists that are remarkable.
The launching of C31 Ventures indicated the ending of CapitaLand’s technology-lookout trip to San Francisco and New York, where the group met with various startups, including those in information analytics, the Internet of Things, and augmented and virtual reality sectors.
In May, CapitaLand was chosen to co-invest by the NRF in the ESVFIII, a section within the Prime Minister’s Office of Singapore. The $25 million fund consists of $10 million from the NRF and $15 million from C31 Ventures. With inventions that can enrich and complement its company, CapitaLand will invest in Singapore technology startups under the ESVFIII.