"FRENCH energy giant Engie has launched a strategic venture arm eyeing energy startups in Asia-Pacific, hoping to provide them with access to industry expertise and funding.
The venture arm, Engie Factory Asia-Pacific, will focus on the areas of green mobility, smart cities, energy efficiency and renewable energy, according to its website. Aside from investing in startups, Engie Factory aims to help them develop practical solutions, test-bed the solutions in actual projects, and build their track record.
Located at Golden-Agri Plaza along Pasir Panjang Road, Engie Factory will also offer a co-working space for startups and "like-minded people" to work on concepts and products with the support of Engie's experts and executives.
Although it is based in Singapore, Engie Factory said its activities span the Asia-Pacific and will allow startups to collaborate with Engie teams in South-east Asia and Australia as well."