S Iswaran, Minister for Trade and Industry (Industry) and Lim Ming Yan, President & Group CEO, CapitaLand (second from right) touring CapitaLand’s Funan Showsuite. (Photo: CapitaLand)
CapitaLand has entered into a $10 million partnership with the Singapore Economic Development Board (EDB) to upskill its staff as well as develop technology-enablers to seize opportunities to build the real estate of the future.
Dubbed CapitaLand ELEVATE, the programme is part of CapitaLand’s two-pronged approach to enhance strategic capabilities by internally building depth through training and test-bedding, while externally building breadth through partnerships and corporate venture networks.
“The programme will focus on developing CapitaLand’s employees in areas such as data analytics, digital marketing and digital product management. It will also explore new technologies that will enable CapitaLand to create people-centric products, services and experiences,” said CapitaLand in a release.
Aside from building its internal capabilities, C31 Ventures (C31V), which is CapitaLand’s corporate venture arm, has invested $10 million in startups.
With its portfolio companies including co-working operator The Great Room, customer insights platform Mobikon and omni-channel retail enabler Ace Turtle, C31V has been chosen as one of the co-investment partners of SGInnovate under the Startup SG Equity scheme.
SGInnovate will manage a portion of the funds under this scheme, which involves identifying and co-investing in deep tech startups that focus on technologies such as cybersecurity, blockchain and artificial intelligence.
“Through these efforts, we are reinventing our processes as well as advancing our products and services with new capabilities to create seamless offline and online experiences for our customers,” said CapitaLand’s president and group CEO Lim Ming Yan.
“This is essential as CapitaLand continues to leverage our strengths in building connected, inclusive and sustainable smart precincts with spaces that are well-used and loved by the community.”
This article was edited by Keshia Faculin.