SME Finance Forum member, DBS launched Startup Xchange, a new business-matching programme for startups. 

The programme will support DBS, and their corporate and SME clients find solutions for their business by utilizing expert startups. According to the article, the initiative aims to reverse the downward trend happening with accelerator programmes. Research from DBS revealed, 78 percent of accelerators launched in Singapore over the past three years are now defunct as many startups had failed without the continued support from established sponsors and partners.

Startup Xchange will concentrate on artificial intelligence, data science, immersive media and the Internet of Things, according to the article.