Start@SG: Working Capitol launches new co-working space

The Working Capitol's outlet at Keong Saik Road has private offices, an event space and a cafe.
The Working Capitol's outlet at Keong Saik Road has private offices, an event space and a cafe.PHOTO: JOVIAN LIM

Working Capitol launches new co-working space

The Working Capitol, a provider of co-working spaces, has opened a new space at 140 Robinson Road.

The company, which also has an outlet in Chinatown, is offering 55,000 sq ft of co-working space across 11 floors at the new location, with options for businesses with staff ranging from one to 200 people.

Hot-desks, private offices and duplex penthouses are available. There will also be food and beverage options, a 20m outdoor lap pool, a gym run by a boutique fitness provider, a sky garden, a bar and a member's lounge.

AWAK gets $16m from Temasek-linked investor

Temasek-linked Accuron MedTech, a division of Accuron Technologies, has led an investment totalling US$11.2 million (S$16 million) into AWAK Technologies, a Singapore medtech start-up developing solutions to address end-stage renal disease.

The funding will support the commercialisation of AWAK Technologies' technology that aims to improve dialysis treatment options for patients suffering from kidney failure.

This is the seventh medtech investment or divestment transaction that Accuron MedTech has made in the last three years.

Accuron Technologies is a precision engineering and technology group wholly-owned by Temasek Holdings.

New aviation, aerospace venture fund launched

Aerospace accelerator Starburst Accelerator and Singapore-based fund manager Leonie Hill Capital have joined hands to set up a global venture fund dedicated to aviation and aerospace start-ups.

The new fund, Starburst Venture, has US$200 million (S$285 million) to invest globally over three years, and will target investments in early and growth-stage companies focused on deep technology in aviation and aerospace.

The investment team will be mainly based in San Francisco, but the venture fund will also tap Starburst Accelerator's four existing operations in Los Angeles, Paris, Munich and Singapore.

Starburst Accelerator has attracted more than 30 aerospace corporate partners around the globe to support its accelerator programme.

More than 100 start-ups have joined the programme, with companies involved in areas such as new space, flying cars and supersonic jets, passenger experience and cyber security.

A version of this article appeared in the print edition of The Straits Times on December 06, 2016, with the headline 'Start@SG'. Print Edition | Subscribe