Word: edb
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Dates: during 2000-2009
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Ting's modest credentials didn't bowl over the high-flying venture capitalists at the Singapore government's Economic Development Board (EDB), which is seeking to boost the country's biotech industry. "Nobody bet on us from the government," he says, an account that officials confirm. So, to fund the company that would eventually make the BPro, HealthSTATS International, Ting sold three of the four medical clinics he was running. "Everyone thought I was mad," he says. Ting launched the BPro in Singapore last spring, and is readying its launch in the U.S., where it has been cleared for marketing...
...skeptics have also come around. Says EDB's Yeoh Keat Chuan of the BPro: "It is a revolutionary device. It has significant commercial potential." In spite of the pressure to sell the BPro and reward his shareholders, what matters most to Ting is patients like Ronnie Ho, for whom this modest-looking black wristwatch is already priceless...