Business Angel Network South-East Asia has entered into a co-investment partnership with Infocomm Investments Pte Ltd, targeting seed-stage startups in Singapore.
BASH has turned one, and IIPL celebrated by inking five MOUs and announcing it was going to launch three more accelerators.
IIPL and Cisco have agrred to identify and nurture Singapore-focused startups to participate in the Cisco-Technopreneur Action Group, Platform Accelerated Startups (Tag.Pass) Smart Innovation Programme.
Accelerator programmes are mushrooming in the tiny nation of Singapore, which is part of the plan – but there are still challenges in Singapore’s vision to become the startup hub of South-East Asia, writes Gabey Goh.
DNA founder Karamjit Singh is excited about the clear trend of Malaysian corporates partnering with accelerators across Asean to create value for startups and themselves. Maybank has partnered with 1337 Ventures and a clutch of corporates has partnered with the Malaysian Global Innovation and Creativity Centre (MaGIC).
Corporations bring three crucial opportunities to the table: An established customer base; existing infrastructure; and deep domain knowledge of their respective industries. By engaging with startups, they in turn get to tap into innovation.
FMCG giant Unilever expanded its startup engagement programme Unilever Foundry to Singapore, the third market after the UK and the Philippines, and announced three new pilot project briefs involving its brands Lux, Clear and Lifebouy.
Infocomm Investments Pte Ltd (IIPL), NUS Enterprise and SingTel Innov8 have come together to set up Block 71 San Francisco, a US-based co-working space to strengthen ties between the startup ecosystems in Singapore and the United States.
Infocomm Investments Pte Ltd head Alex Lin sits down with Gabey Goh to talk about Singapore's role in the global startup ecosystem, and the firm's approach to building the nation's startup ecosystem.
A discussion with Infocomm Investment head Alex Lin about entrepreneurial inclinations in youth got Gabey Goh thinking about what it takes to be a startup employee.