Venturous Group signs MOU with Smart Cities Network, Business News

SINGAPORE, August 29, 2024 /PRNewswire/ — Venturous Group, Citytech™ Group, has signed a Memorandum of Understanding (MOU) with Smart Cities Network (SCN), a limited liability company Singapore a non-profit organization that aims to promote innovation and investment in smart and sustainable urban solutions. The cooperation aims to support Singapore– startups and companies offering urban technology solutions and encouraging knowledge sharing, leveraging the SCN network and Venturous’ experience in venture capital and investment.

The MoU between Venturous and SCN outlines the joint commitment of both organisations to foster collaboration, support innovators and facilitate knowledge sharing in the smart city space in Singapore. Venturous will contribute its expertise and network to explore partnership and investment opportunities, while SCN will provide access to its network of city leaders and innovators to promote and support smart city initiatives, including: Singapore and further.

“The partnership with Smart Cities Network will allow Venturous to tap into the pulse of urban innovation and sustainability in Singapore. It’s not just about investment; it’s about creating a tangible impact on the way we live, work and play in cities, by using cutting-edge technologies and solutions that will redefine what our future looks like, you said Benson ThereFounder and CEO of Venturous Group.

You Chin Tay BunChairman of the Smart Cities Network, says: “Our collaboration with Venturous is another step forward in strengthening the support structure for Singapore the brightest innovators in the Smart City solutions space. By combining Venturous’ investment potential with the creative power and reach of our network, we aim to promote transformative city investments that are smart and aligned with the UN Sustainable Development Goals.”

– END-

About Venturous Group

Venturous Group is a Citytech™ business builder and investor. It creates, builds and invests in game-changing technology companies, starting with Chinato make cities smarter – more livable, sustainable and productive. The Group focuses on smart buildings, smart energy and smart computing. Creating value by transforming life city by city, Venturous leverages the latest Citytech technologies, strategic partnerships and digital transformation. Venturous works with its companies, strategic partners and cities, combining strategy, capital and technology to build businesses together. The Group currently has 12 companies, including three joint ventures. Venturous’ largest institutional shareholders are Fidelity China Special Situations PLC and CLP Group, and it has its own IPO on the horizon.

https://www.venturousgroup.com/

About the Smart Cities Network

Smart Cities Network is a global, non-profit, membership-based network dedicated to supporting sustainable and smart cities. As an Implementing Partner, UN-Habitat has been June 2022The organization promotes innovation and collaboration between professionals in various fields, such as smart mobility, cybersecurity and urban planning, to improve urban life and economic growth through thought leadership, business intelligence and sharing best practices. Committed to developing inclusive, safe cities aligned with the UN Sustainable Development Goals, Smart Cities Network also prepares future urban leaders through its youth chapters Smart Cities Youth Network in Singapore, Cambodia, Philippines and the US

https://www.smartcitiesnetwork.net/