SPH Plug and Play, the start-up accelerator of Singapore’s largest newspaper publisher, has officially been declared dead.
SPH spokesman Yeo Siew Chi confirmed the news with Tech in Asia. Starting from this year, “the SPH Media Fund will focus on a direct investment strategy and we will no longer continue with the SPH Plug and Play accelerator program,” he said via email. The SPH Media Fund is the investment arm of SPH.
SPH denied the news of the shutdown last year when Tech in Asia first caught wind of it.
The spokesman did not respond when we asked him