Latest News In Innovation - SGInnovate
 

Keep up to date with the latest news in Deep Tech – from Singapore to the world.

  • StakeWith.Us gets seed funding from SGInnovate, LuneX Ventures to expand team, product offerings

    StakeWith.Us gets seed funding from SGInnovate, LuneX Ventures to expand team, product offerings

    e27 reported that Singapore-based Blockchain infrastructure startup StakeWith.Us has announced a S$825,00 seed funding round led by SGInnovate and LuneX Ventures, Golden Gate Ventures’ dedicated fund for blockchain investments. The investment is the second lead investment that LuneX Ventures has concluded under the Startup SG Equity scheme. StakeWith.Us will be using the funds to scale its team across Asia and expand its offering. According to Pang Heng Soon, Head, Venture Building, SGInnovate, Proof-of-Stake protocols are likely to become a “dominant trend” in the Blockchain industry.

    Topics: Investments

  • Why SEAsian & Indian VC deals are outpacing China's

    Why SEAsian & Indian VC deals are outpacing China's

    FinanceAsia published a feature piece on the rapid development of VC investment in Southeast Asia and India in the past four to five years. The growing ecosphere is also attracting more investors from within and outside the region. Southeast Asia and India are also benefitting from the current trade war between China and the US. Investors are seeking to protect their portfolio companies from being affected and opportunities outside China are looking more attractive, with Southeast Asia and India easily standing out due to their vibrant ecosystems. Tong Hsien-Hui, SGInnovate’s Head of Venture Investing notes that SEA and India companies are evolving, which is a change that is welcomed. While the high price for Chinese startups has deterred SGInnovate from investing in them, strong government support in SEA and India is attracting quality talents to set up companies in the region. He is also seeing more tech startups from Europe or the US increasingly moving to India and Singapore, due to India’s growing mobile population and Singapore’s value as an intellectual property centre, which forms an environment that benefits these tech startups.

    Topics: Investments

  • The First Emerging Tech Connector In Vietnam - YellowBlocks - Announces 100 Global Partners In The Unprecedented Tech Cruise

    The First Emerging Tech Connector In Vietnam - YellowBlocks - Announces 100 Global Partners In The Unprecedented Tech Cruise

    AsiaOne published a press release from YellowBlocks’s announcement that it is hosting the first #Elite1010 Emerging Tech Cruise which will take place on July 19, 2019 on the Saigon Sensation Cruise. During the exclusive networking night, YellowBlocks will announce its list of 100 global partners, including SGInnovate and other global and local top names from the public sector, private sector, academic groups and tech startup community including European Blockchain Hub, Startup Vietnam Foundation, Viettel, Microsoft, Advantage Austria, Nhipcaudautu (The Business Review), Forbes, VnExpress, Topica, RMIT University, CIO Academy Asia, Saigon Innovation Hub and Schoolab.

    Topics: Investments

  • Singapore’s Early-Stage Fund Highlights Four of Tech’s Most Promising Avenues

    Singapore’s Early-Stage Fund Highlights Four of Tech’s Most Promising Avenues

    KEY POINTS

    • Artificial intelligence, self-driving vehicles, medical technologies and Quantum Computing are areas of interest for Singapore’s early stage, state-funded investor SGInnovate.
    • AI is becoming more important not just to Singapore but to the entire Southeast Asia region, according to Tong Hsien-Hui, SGInnovate’s Head of Venture Investing.
    • SGInnovate is funded wholly by the Singapore government with a mandate to invest in early-stage local, and some international, deep tech startups.

    Topics: A.I., Investments, MedTech, Quantum Computing

  • The Billion Dollar Fund for Women Secures $1b in Pledges

    The Billion Dollar Fund for Women Secures $1b in Pledges

    The Billion Dollar Fund for Women (TBDF), a global consortium of venture funds tackling the gender funding gap, has reached its goal of mobilizing $1 billion in pledges, according to a statement.

    Topics: Investments, Talent

  • VCs Commit $425m for Investments in Vietnamese Startups over Next 3 Years

    VCs Commit $425m for Investments in Vietnamese Startups over Next 3 Years

    An amount of VND10 trillion ($425 million) will be invested in Vietnamese startups over the next three years, according to a new agreement signed between the Vietnamese government and local and international venture capital firms, at the Vietnam Venture Summit held on Monday.

    Topics: Investments

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