Teo Ser Luck (left) and Tin Pei Ling.
The news:
- Two Singapore politicians announced separately today that they will be joining the tech industry.
- Teo Ser Luck has resigned as Minister of State and will “build, create, invest, or help” startups, both in tech and non-tech.
- Member of Parliament Tin Pei Ling will stop being a full-time politician to join local tech investment firm Jing King Tech as its group director of corporate strategy. She was formerly a consultant at Ernst & Young. Both will continue to serve as Members of Parliament.
Why it matters:
- Tech startups continue to go mainstream as more civil servants (CoAssets, Infinium), investment bankers (RedMart, NinjaVan), and consultants (Lazada) join the fold in Singapore.
- This shift bolsters Singapore’s ambition of wanting to become a top innovation hub.
Sources: Teo Ser Luck, Tin Pei Ling, Lee Hsien Loong
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