SINGAPORE, Aug 29, 2024/PRNewswire/-- Venturous Group, the Citytech™ Group, has signed a Memorandum of Understanding (MOU) with Smart Cities Network (SCN), a Singapore not-for-profit organisation, to promote innovation and investment in smart and sustainable cities solutions. The collaboration aims to support Singapore-based startups and companies offering urban technology solutions and encourage knowledge sharing leveraging SCN’s network and Venturous’ venture capital and investment expertise.

The MOU between Venturous and SCN outlines a shared commitment between the two organisations to foster collaboration, support innovators and facilitate knowledge sharing in the Singapore Smart City domain. Venturous will contribute its expertise and network with the objective of uncovering partnership and investment opportunities, while SCN will provide access to its network of city leaders and innovators with the objective of promoting and supporting Smart City initiatives, in Singapore and beyond.

“This partnership with Smart Cities Network will enable Venturous to tap into the pulse of urban innovation and sustainability in Singapore. This is not just about investments; it's about creating a tangible impact on the way we live, work and play in cities by using cutting-edge technologies and solutions redefining what our future will look like," said Mr Benson Tam, Founder and CEO of Venturous Group.

Mr Kok Chin Tay, Chairman of Smart Cities Network, says, “Our collaboration with Venturous is one more step forward in strengthening the support structure for Singapore’s brightest innovators in the Smart City solutions space. By combining Venturous’ investment prowess with our network's creative force and reach, we are aiming to promote transformative urban developments that are smart and aligned with United Nation’s Sustainable Development Goals."

– END –