P&G to invest $12m to grow new Singapore businesses

"SINGAPORE - Consumer goods company P&G is setting aside $12 million to grow at least three new Singapore-based businesses that are to be scaled globally.

These could involve new brands, technology platforms and business models, the company said on Thursday (March 7).

It said that $8 million from the amount will go to a seed fund for a team of employees to work on projects and with local enterprises on their business ideas."

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