Daily Briefing: More support for precision engineering sector to foster partnerships; Advanced materials maker Krosslinker raises $1.68m

And 1,200 visitors flocked to The Landmark’s preview.

From ChannelNewsAsia:

Firms in the precision engineering ecosystem will get more support to deepen their capabilities, with enhancements to a scheme meant to foster partnerships among local businesses announced on 16 November.

Under the enhanced Partnerships for Capability Transformation scheme, firms can benefit from more funding support for certain costs and an expanded scope of coverage until March 2022.

Speaking on the sidelines of a visit to precision engineering firm Rohde & Schwarz, Trade and Industry Minister Chan Chun Sing said the move is important because the sector is a bright spot with “huge growth prospects” amidst and beyond COVID-19.

“In the coming years, the advent of 5G technologies, the Internet of Things and all the new breakthroughs we see in the technological fields will require a lot of precision engineering behind the scenes,” he said, adding that sectors like biomedicine will also tap this field.

“This is the reason why we are making a strong push to continue to help our companies in this sector - to continue to grow from strength to strength to meet the increasing demand for such products and services,” Chan said.

Read more here.

From e27:

Krosslinker, a Singapore-based advanced materials maker, has secured $1.68m (US$1.25m) in a seed funding round, led by 500 Startups.

Seedscapital, Entrepreneur First and several unnamed angel investors also participated.

As per a press release, the funds raised will aid Krosslinker in the development of its patented technology to manufacture aerogels and conduct pilot trials with their customers.

Aerogel is an advanced material that is light and resistant to heat and cold.

It primarily functions as a thermally insulating material.

Read more here.

From PropertyGuru:

The Landmark, a 39-storey residential project within the heritage-rich Outram District, attracted close to 1,200 visitors during its preview over the weekend.

Developed by Landmark JV, a joint venture between MCC Singapore, SSLE Development and ZACD Group, the development features 396 units of one- to three-bedroom apartments, with sizes ranging from 495 sq ft for a one-bedder to 1,141 sq ft for a three-bedder.

“We find the turnout in the first preview weekend to be highly encouraging especially in view of mandatory safe management measures which put a cap on the maximum allowable number of people inside the sales gallery and showsuites at any one time,” said a spokesman of The Landmark.

“All available appointment slots for the two weekend days were fully taken up.”

Notably, the developers offered nine time slots which started from 9:00 AM to 10:00 PM over the weekend.

Read more here.