Funding

Double Helix Tracking Technologies Pte Ltd was established in June 2008 and is now self-funding having grown steadily without third party investment. The Company is owned by the Founder and Principal Executives.

Regular income is generated from the provision of DNA-supported auditing services against the CertiSource standard for Verified Legal Timber. This initiative serves as ‘proof of value’ for DNA verification of the timber supply chain.

DoubleHelix has also been the recipient of funding from the Singapore Government Economic Development Board (Spring Singapore) and the International Tropical Timber Organisation (ITTO). This funding has helped support the development of the Company’s proof of concept projects.

Other funding comes from involvement in large capacity building projects. In 2012 we are part of a group of organisations working on a new ITTO project in Africa with a total budget of USD $3 million.