Singapore-based venture capital firm Antler is looking to invest around $500,000 in startups tacking the global lockdown caused by the Covid-19 pandemic.
According to media reports, the startup is looking to invest in five different startups.
Antler is inviting startups battling the Covid-19 pandemic to propose solutions in mitigation, medical equipment, remote health and digital tools.
Magnus Grimeland, founder and chief executive at Antler told the media, “Great necessity inspires great innovation. As the Covid-19 pandemic continues to disrupt human life around the world, now is a time when innovators need to come together for the greater good. That’s why we believe it is our time to do our part at Antler.”
Applications are now open and startups have time till April 15 to submit their applications.
Companies receiving the investment will receive access to Antler’s global network of entrepreneurs, investors and industry experts, as well as coaching by Antler’s leadership.
Antler will screen the different application it receives to select the most suitable startups that it would like to invest in.
Grimeland added, “It has long been a mantra of the tech ecosystem that entrepreneurs are building the world of tomorrow. We are calling on the brightest to create solutions that help guarantee the global community can recover, and grow, following the crisis. We believe that the technologies created during this crisis will have the potential to create a fairer and better future.”
Established in 2017, Antler opened its offices in Kenya last year. It also has offices in London, New York, Amsterdam, Stockholm, Sydney and Oslo.