Monday, 20 August 2018
Patrick Teng Patrick Teng

Singapore businessman offers 10 million dollars to Croatian start-ups

By  Sep 06, 2016

While start-ups in Croatia are looking for local business angels, a Singaporean businessman claims to have prepared 10 million dollars for that purpose. Moreover, he points out that so far he invested into three Croatian companies – Geofoto, Hipersfera and Mobile One. He has also been negotiating with two more companies – Insig2 and Rimac Automobili.

Patrick Teng has already visited Croatia three times this summer. He met the Croatian president Kolinda Grabar Kitarovic and the executive of the Dubrovnik-Neretva County Nikola Dobroslavic.

Apart from his investments into technology companies, the Asian entrepreneur is also interested in investing in banking sector (he has been negotiating with Karlovacka Banka) as well as in the tourism industry.

He emphasizes that his plan is to bring Hanging Gardens, one of the world's most luxurious hotel brands to Dubrovnik.

As a part of the initiative to attract foreign investments into Croatia, Teng was brought in Croatia by Drazen Margeta, the Croatian ambassador to the Kingdom of Thailand, who also covers the territories of Philippines, Singapore and ASEAN.

Mr Teng is well known to the investment community with his 30 years of investment experience in innovative businesses. Seven years ago he founded Six Capital, the company for stock exchange trading. Previously, he was the vice president of the Chase Manhattan Bank in Singapore, after that he worked in the Union Bank of Switzerland in Tokyo and many other stock markets throughout Asia and the Pacific region. Today he is the CEO of Six Capitals, the company which promotes digital health service and the democratization of banking. This summer in Indonesia he signed an agreement on the development of the centre of competence for block chain.




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