Formugenix seeks seed capital to help take research to the market

Singapore

"In Singapore, the environment, the academic base is very fertile and currently there is no contract research organisation (CRO) or any organisation existing that can help small and medium enterprises or academic institutes," Mr Singh said.

That was the opportunity that led to the June 2018 creation of Singapore-based Formugenix, which touts itself as one of the earliest CROs to set up shop in the country.

Already, the startup has secured a project for a local hospital, and is now seeking seed funding as it looks to expand its capabilities and reach in Singapore and the region. The Business Times understands that Formugenix is target…