The Business Times Online reported that Element AI has separately forged strategic partnerships with GIC, SGInnovate and SMU. The partnership between Element AI and Singapore's sovereign wealth fund GIC will focus on the application of advanced machine learning techniques to challenging problems encountered by large asset managers. In collaboration with SGInnovate, the two companies will prioritise the expansion of the deep tech talent pool in Singapore and the development of the fast-growing technology startup ecosystem in Asean. Together, Element AI and SGInnovate will focus on the potential of AI-related startups to help corporations and governments address a variety of challenges. Finally, Element AI and SMU School of Law will be embarking on a research collaboration in relevant areas on the governance of AI, with SMU responsible for carrying out the Singaporean and Asean aspects of research while Element AI will focus on the North American aspects as well as leverage its global researcher network.
Deal Street Asia reported that Swiss-based accelerator and VC firm Blockchain Valley Ventures (BVV) is expanding its reach to Asia with the launch of a regional office in Singapore. The regional office will begin its operations in early 2019, where BVV will work with key strategic partners including SGInnovate, to bridge European and Asian investors and tech startups.
Marketing Interactive published an article from the Digital Marketing Asia Singapore 2018 conference, where SzeKi Sim, Head – Brand, SGInnovate, participated as a panellist for the panel titled ‘Brand Safety and the Zero-Tolerance Imperative’. Despite the huge opportunity that programmatic marketing presents, panellists say that it is not necessarily for everyone. Adam Cordner, Senior Solution Consultant at Domo, said that at the end of the day, marketers need to understand their brands, know what needles have an impact on the brand, and to be clear on what they want to measure. Panellists also added that the journey between an agency and a brand needs to now form into a collaboration. “I think the agency-brand experience is not a master-slave type of a relationship. It is a partnership where they are both vested towards the same purpose,” said SzeKi.
The Straits Times Online reported that according to Dr Wong Poh Kam, director of NUS Entrepreneurship Centre, while there was not enough government funding in supporting deep tech startups in Singapore, the launch of SGInnovate marks a step towards the right direction. SGInnovate was launched to help develop niche areas that require deep technical expertise and plays a vital role in helping deep tech startups grow into globally successful companies. Addressing a panel at the seventh Asian Entrepreneurship Award (AEA), Dr Wong said that more investment in higher-risk sectors working on deep technology will be required for Singapore’s startup scene to mature and develop critical expertise. He also believes that too much government money is going into supporting very general startups, which could be bad because too much easy money spoils the market with too many startups that might not deserve funding. The AEA is a Japanese startup pitch contest in Kashiwa-no-ha smart city, which first started in 2012. In 2017, the second-prize winner was ViSenze, a Singapore startup providing AI-based visual search and image recognition services.
e27 published an article from an interview with Ben Goertzel, CEO of SingularityNET and Chief Scientist of Hanson Robotics, at the sidelines of Deep Tech Summit that was organised by SGInnovate. Kevin McSpadden (e27) spoke with Ben to get his thoughts on the progress of AI development, empathy in machines, and some of the exciting practical implications of AI in our world today.
OpenGov reported the MAS has announced that the 380 participating investors who enrolled in the Singapore Fintech Festival’s (SFF) deal-making platform, MATCH (Meet ASEAN’s Talents and Champions), have indicated intentions to invest up to US$6.2 billion in ASEAN enterprises next year. An additional US$6 billion has been earmarked over the subsequent two years. MATCH is a new platform at this year’s SFF which curates and brings together promising next-generation ASEAN enterprises with global private equity and venture capital. At the beginning of this month, MAS also announced the 60 finalists of the Global FinTech Hackcelerator and FinTech Awards. Past year’s finalists have gained exposure and connections from the competition – one company which pitched a blockchain technology to deliver international aid (AID:Tech) has since secured €1 million in investment from both Enterprise Ireland and SGInnovate.