The Hub Singapore moves into new space, promises more initiatives
By Digital News Asia August 26, 2015
- The Hub Alumni Fund raises S$300K in pledges, S$1 million by year-end
- New space boasts of up to 160 co-working and permanent desks, etc.
THE Hub Singapore has officially moved into its new premises at 128 Prinsep Street, saying that it would also be introducing “tailored innovation and impact lab” programmes for corporations looking to innovate through collaborations with startups and entrepreneurs.
Companies currently involved in the programme include JP Morgan, DBS Bank and Procter & Gamble, The Hub said in a statement.
Founded in 2012, The Hub now claims to have over 500 entrepreneurs, creatives and technologists in its network, describing itself as the country’s largest startup community.
It said it is expanding its space, business initiatives and programmes to support the growing number of startups and entrepreneurs in Singapore.
“We are excited to be opening a larger space for our community, enabling us to not only serve more entrepreneurs from early stage to mature ones, but also allow us to serve them in more ways,” said cofounder and chief executive officer Grace Sai.
“This next phase will see us focusing more on collaborations across the ecosystem, especially with corporates which want to connect with startups, the government, venture capitalists, investors and media partners,” she added.
The Hub said it will be launching the Investor in Residence programme and The Hub Alumni Fund later this year.
These would allow businesses in its network to be mentored by experienced fund managers while receiving adequate funding to bring their ideas to life.
Funded by angel investors and successful ‘Hubbers,’ The Hub Alumni Fund has raised S$300,000 (US$213,000) in pledges to date and is expected to grow close to S$1 million (US$708,000) by year-end, it claimed.
Meanwhile, the new space boasts of up to 160 co-working and permanent desks, eight team rooms, six hi-spec meeting rooms, three soundproof Skype booths, and flexible event spaces that can hold up to 200 people.
Other features include an in-house café, a communal pantry, hot showers and a nap room for resting.
Disclosure: DNA’s Singapore office also operates from The Hub Singapore.
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