19 New Startups in SMU Business Innovations Generator’s Second Cohort of 2020
Business Innovations Generator (BIG), the incubator managed by the Institute of Innovation and Entrepreneurship (IIE) at the Singapore Management University (SMU), has unveiled 19 new startups accepted into its incubation program. This is BIG’s second cohort this year and its largest since its inception in 2009. The BIG Incubation Programme is an intensive four-month, equity-free program that […]
ISF Incubator Launches First International Startup in Singapore
ISF Incubator, the startup arm at Intellectual Ventures, today announced it has formed a joint venture with NTUitive, the innovation and enterprise company of Nanyang Technological University, Singapore (NTU Singapore). Based in Singapore, the joint venture is called Secur3DP+, a startup company that brings additive manufacturing to global companies by providing a supply chain hub for 3D printing. The system is […]
Singapore needs to push its startups beyond seed funding
Despite seed and series A capital abundance, there’s not much series B and C funding enabling startups to scale up. Whilst Singapore has been consistently hailed as one of the most startup-friendly countries due to prime business conditions and attractive incentives packages, the unavailability of second-stage level funding poses a problem for startups looking for growth opportunities […]
NUS Enterprise and Singtel Innov8 launch new hub for cybersecurity startups
On 5 March, NUS Enterprise and Singtel Innov8 jointly launchedSingapore’s first integrated regional cybersecurity hub to kick-start and support early stage and growing start-ups, entrepreneurs and academics worldwide. NUS Enterprise is the entrepreneurial arm of the National University of Singapore, while Singtel Innov8 is a corporate venture capital fund with its own set of decision-making, approval and funding processes and […]
Vertex Ventures raises $210 million for Southeast Asia, India start-ups
Vertex Ventures, the venture capital arm of Singapore state investor Temasek Holdings, said it has raised a $210 million fund to invest in Southeast Asian and Indian startups, exceeding its original target size of $150 million. Vertex plans to continue its strategy of investing in early-stage technology companies in Southeast Asia and India across enterprise technology, financial technology and consumer internet, it […]
Deep tech start-ups may get $100m boost by SPRING Singapore
Up to half of the funds in the Startup SG Equity scheme could be set aside for start-ups working in the sectors of advanced manufacturing and engineering, health and biomedical sciences, and urban solutions and sustainability. That could mean around $100 million going to what are known as deep technology firms exploring opportunities in these […]
New venture fund launched – run by Singapore university students, for students
Entrepreneurship community Kairos Asean and the Singapore Management University’s (SMU) Institute of Innovation & Entrepreneurship (IIE) have launched a new venture fund run by university students for students. Called Protege Ventures, it aims to give undergraduate and postgraduate students from Singapore-based universities a shot at “practical, real-life venture capital experience” in sourcing, analysing and investing in technology-enabled […]
Singapore Creates S$1 Billion Innovation Fund to Drive Growth
Singapore is creating a S$1 billion ($718 million) fund to help innovative companies develop their businesses and expand overseas, part of the city state’s drive to boost economic growth. The Makara Innovation Fund — a collaboration between the Intellectual Property Office of Singapore and local private equity firm Makara Capital — will invest S$30 to S$150 million […]
Start Singapore: Fund to provide seed money
A fintech fund called Dymon Asia Ventures has been set up to invest in areas such as asset management, remittances and foreign exchange.The fund will provide seed finance and growth capital for business expansion. Dymon did not disclose its fund size or the potential investment in each start-up. The norm for investment community is to […]
2 Singaport Management University alumni donate S$1 million for entrepreneurship fund
Two Singapore Management University (SMU) alumni have donated S$1 million to set up a new entrepreneurship fund at the SMU Lee Kong Chian School of Business (LKCSB), marking the university’s largest gift by its alumni to date. The two alumni are Mr Jeff Tung and Mr Benjamin Twoon, who graduated from LKCSB in 2013. Mr […]