On Friday, December 9, 2011, Small World Group Incubator received approval in principle for our 10th company. Fortuitously, we had already schedule a party at our new HQ for the companies, our staff and partners and for our friends we have made since coming here more than 2 years ago. So probably about 100 people showed up over the 3-4 hours of the party.
We handed out “party favors” and here is a photo of the new SWG Coffee mugs!
The office space can support more than 50 people and up to 10 companies (not all of the companies chose to locate in the space with us but most do) and we have sufficient conference rooms, a coffee machine, fridge and other amenities.
While we are obviously proud of the progress, we are also very glad to say that 3 of our starts are closing second round funding as this is being written and all should be closed by end of January. But we note that all of the term sheets are approved and so the deals now await funding or paperwork but have agreements in principle.
What a great way to end the year! Merry Christmas and Happy New Years to all of you out there.
Posted in Singapore Incubator