Vertex Ventures was an early investor in ride-hailing giant Grab

Temasek-backed Vertex raises US$230M for new Southeast Asia fund [Reuters]

Vertex Ventures, backed by Singapore state investor Temasek, said it has raised US$230 million in the first close of its latest fund to invest in Southeast Asian and Indian technology startups.

The firm was an early investor in ride-hailing giant Grab. Its portfolio includes payments startup InstaReM, online grocery platform HappyFresh and cryptocurrency exchange Binance.

Vertex expects a final close for the fund, its fourth for the region, over the next few months, it said in a statement.

Intouch plans to infuse over US$6M into seven startups this year [DealStreetAsia]

Intouch Holdings, the parent company of Thailand’s largest mobile phone operator Advanced Info Service (AIS), has set aside a sum of 200 million baht (US$6.33 million) to invest in seven startups this year, according to the company’s investor relations vice president Tomyantee Kongpoolsilp.

Also Read: Is investing in founders before ideation a crazy idea? These speakers will discuss this topic at Echelon

The company is already conducting due diligence on four startups that might receive up to 125 million baht.

“All four deals are set to close within this year. In addition to 200 million baht, we have around 1.8 billion baht in cash. Should we find more attractive deals, we are ready to invest,” she told local media.

China’s Tesla wannabe Xpeng starts ride-hailing service [TechCrunch]

There’re a lot of synergies between electric vehicles and ride-hailing. Drivers are able to save more steering an EV compared to a gas vehicle. Environmentally conscious consumers will choose to hire an electric car. And EVs are designed with better compatibility with autonomous driving, which is expected to hit the public road in the coming decades.

Indeed, Tesla is eyeing to launch its first robotaxis in 2020 as part of a broader ride-sharing scheme. Over in China where Tesla has a few disciples, EV startup Xpeng Motors, also known as Xiaopeng, just started offering a ride-hailing app powered by its own electric fleets.

The company is the latest in a clutch of carmakers flocking to introduce their own ride-hailing platforms. Didi Chuxing’s massive loss has not deterred their ambitious plans. Rather, this may be a prime time to crack a market long dominated by Didi, which is prioritizing safety over growth following two high-profile incidents and a series of new government regulations.

MAXIS launches new concept store in Malaysia [DigitalNewsAsia]

MAXIS on May 15 officially unveiled its brand new concept store, transforming its current outlet at The Gardens Mid Valley into a destination for increasingly digital savvy customers.

Infused with a new design language and cutting-edge technology for a new level of personalised digital experience, the store offers engaging, relevant and rewarding interactions for customers.

With high tech digital screens, a customer service counter that looks more like a café with baristas, personal demos, robots and app-enabled self-services, customers can enjoy a fully immersive retail experience. Innovation is apparent throughout, with a modular design that is scalable and interchangeable, catering to the fast-evolving needs of shoppers.

The post Top tech news, May 16: Vertex raises US$230M for new Southeast Asia fund appeared first on e27.

If you can’t tell, we like riddles. Here is another one to help you attend #EchelonAsia2019!

This time next week, you will be chillin with e27, and the rest of the startup community, at Echelon Asia Summit! If you don’t want to miss out on all the fun, make sure to register here.

To give your brain a little workout, we are giving away free tickets if you can answer this riddle correctly.

Also Read: 44 fantastic investors that might be your next match at #Echelon2019

The answer to this riddle is one word so you will have to fill in the blank space with the answer. Visit the registration page and enter the answer into the promotional code box. The format is e27-XXXX. Please use all-caps for the word. More details below.

Feed me and I live, give me something to drink and I’ll die. What am I?

Answer: _______

How do I answer?

Here are the steps to redeem the tickets (assuming you know the answer ) .

1. Visit the registration page.
2. Under the first bar towards the left, underneath the date, you should see a “Promotional Code” box.
3. Enter the answer
4. NOTE: The answer is one word and it must be entered in ALL CAPS. Also, follow the format e27-XXXX.
5. Limited Starter tickets will appear for free.
6. After that simply click the ‘Buy Ticket’ button and follow through the registration process.
7. Attend Echelon!!

Also Read: What your business can and should learn from Arya Stark

—

Photo by Aaron Burden on Unsplash

The post A little bit of fun to help you attend #EchelonAsia2019 appeared first on e27.

Is the venture builder model better than traditional VC?

The venture builder model is growing. It seems to be better than venture capital. Whilst both have their merits, venture builders are more enabling and beneficial for a promising startup, especially one which lack expertise of a certain area.

It is no news that the chances of getting Venture Capital funding is getting tougher and tougher. Actual hard results are, more often than not, required before a Venture Capital would commit. Today, digital technology has lowered startup cost. Therefore entrepreneurs find it difficult to justify raising fund solely based on business expense and hiring.

Venture Builder as a bridge to Venture Capital

Whilst entrepreneurs may struggle to get venture capital, venture builder companies like Ant Internet stand a higher chance to secure one.  Simply speaking, Venture Builder fills up the gaps between an entrepreneur and Venture Capital.

An entrepreneur may have a brilliant idea but may not have the resources and know-how to develop a Minimum Viable Product or even a prototype.

Hence, we hear many still fail to secure funding.

However, a Venture Builder has in place, with built frameworks and infrastructures to manufacture products, funds, marketing strategies, human resources, company culture, and the expertise to accelerate growth. Naturally, Venture Capital will rather invest in a Venture Builder simply out of lower risk.

If a Venture Builder finds a workable idea in a team of trusted and capable co-founders to run the business operations, it may seal a new venture, and another great business can spring out of it.

The Difference

Venture Capitals may not want to dwell into the hard sweaty work of a Venture Builder and like a typical investor, only provide X amount of funds and expect Y in return.

But a Venture Builder, as the word “builder” speaks for itself, often builds child products of all digital and technology kinds. They build stuff. They have the builder DNA in them.

Area	Route to fundraising
	Venture Capital	Venture Builder
Funding	Direct methods (cash injection, etc)	Indirect funding (salary, product development, marketing expenses)
Product development	A prototype, if not a MVP, is required beforehand	Can be jointly or entirely done by Venture Builder core development team
Workspace & Hiring	Venture Capital can recruit executive and advise. No work space	Co-working space and talents available in place
Marketing	Solely entrepreneur’s initiative	Early marketing strategy and setup will be done by Venture Builder
Trainings & mentorship	Usually mentorship	Trainings and mentorship
Administration and Legal	Solely entrepreneur’s initiative	Plugged into Venture Builder infrastructure
Company culture	Defined by Entrepreneur	Venture Builder culture, until the business stands and run on its own with its own staff.
Proven track record or user size	Required. Traction should have been kick-started	Not pre-requisite. Strategic partnership, commitment, and experience are more important
Equity	Venture Capital takes less equity	Venture Builder takes more
Risk sharing	Venture Capital takes less risk, thus a harder selection process	Venture Builder takes on much more risk.
Industry preference	Portfolio of Venture Capital can be diverse	Venture Builder likely to be very selective.
Expectation on entrepreneur	Return on investment	Execution; Speed to scale is important

Whilst it seems Venture Builder has more advantages, there are very few able to work with Venture Builders. Execution speed is the cornerstone to its success. Therefore, often the lack in sense of ownership by entrepreneur might account for its pressure mounting from Venture Builder side.

Despite the pros and cons, which side will you choose?

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Echelon Asia Summit 2018 is e27’s flagship platform that brings together startups, investors, corporates, governments, tech ecosystem players and customers.

Register for your conference passes today.

e27 publishes relevant guest contributions from the community. Share your honest opinions and expert knowledge by submitting your content here.

Photo by Adeolu Eletu on Unsplash

The post Venture builder model vs. venture capital, what are the differences and advantages? appeared first on e27.

Singapore’s and France’s startup ecosystems are many similarities especially when it comes to public support, Seys says

French video games company Ubisoft, better known for its title Assassin’s Creed, on Wednesday announced the expansion of its startup programme into Singapore. The Ubisoft Entrepreneurs Lab programme, which is already into its fourth season in Paris, will look to accelerate tech companies from across the world who have some kind of synergy with the gaming and entertainment industry, and nurture them to be future ready.

The Singapore initiative will take place from September 1, 2019 to March 31, 2020.

Last week, Ubisoft invited e27 to Paris to interact with some of its startups which are working from the Station F startup campus, as well as as several experts from the French startup ecosystem. During the press tour, e27 also talked to Catherine Seys, Startup Program Director at Strategic Innovation Lab at Ubisoft.

Seys talked in length about the programme, the ecosystem, and the Singapore initiative.

Edited excerpts:

What are the key objectives of Ubisoft Entrepreneurs Lab? What values does this programme bring to startups? 

The main objective of the programme is to contribute to our main mission at the Strategic Innovation Lab –that is to anticipate possible futures of entertainment.

The startups undergoing this programme will get Ubisoft’s backing (not funding), expertise, and they will also get visibility. They will also get an opportunity to pitch in front of Ubisoft’s top management and will also get access to our international network.

Why did you choose to partner with Station F to run the programme in France?

Station F is one of the largest startup campuses in the world and it is pretty unique. It has an entire ecosystem under one roof. It has all facilities and VCs. What startups need is capital, mentorship and other kinds of support. Station F has all this.

There is the kind of romantic perception that it is good to fail. Of course, failure is a great learning, but it is still hard. But when you have access to VCs next door, then it is better and it may prevent your company from failing. I really liked this approach of Station F, that of not talking romantically about companies failing but providing the entire ecosystem under one roof.

Having said that, Station F is not involved in our Singapore initiative. In Singapore, we will partner with IMDA and PIXEL.

Why are you expanding the programme into Singapore? Is the Singapore initiative similar to the programme being run in Paris?

Singapore has a very dynamic startup ecosystem, even though the market is small. It is a very good place for entrepreneurs to start a company.

Additionally, we have a studio in Singapore, which is crucial. We are offering expertise and talents to these companies. We have quite a lot of talents in Singapore.

Also Read: French video games company Ubisoft expands its startup programme to Singapore

What we intend to do is to run the same programme in Singapore as well. We don’t want it to be different in terms of spirit and principle of it.

However, this programme is very customised. Depending on the topic that we have identified with entrepreneurs — and if we feel that it makes sense for Ubisoft as well as for the startups to work together — then we assign one or two specific Ubisoft experts for these startups, and these experts will be in charge of making the relationship happen.

For instance, one of our startup Mimesys, which develops the future of communication and creates the first holographic meeting platform in AR and VR. Tis firm was helped by one of our experts to improve the shape of their holograph. What I am trying to say that we have very good experts inside Ubisoft, who will bring as much values to startups as they can and also will make sure that we as an organisation have learnings from them.

A part of my role is to formalise these learnings and share these learnings with Ubisoft.

What kind of companies do you select for the programme? Only gaming companies? Or any tech company with which you can find some synergy? How many startups do you expect in the first batch?

We are not targeting only gaming/entertainment companies, but also companies that have some kind of synergies with us. For instance, we have been supporting a company called iExec for the last two seasons. It is a French and Chinese company that creates decentralised marketplace for cloud computing resources.

Also Read: An ex-French Minister’s VC firm strives to bridge Asian and European startup ecosystems

Obviously, iExec is not involved in gaming specifically. But gaming is one of the verticals they are targeting. So it is very interesting for us to be working with them. We have worked with them in many different ways. One of the ways was as cloud purchasers. We are not helping them to make their technology better, but we can help them in other ways.

As for the number of startups, we like to take small steps. It is our first project for Singapore. We started with four in the fist season in Paris and  support seven companies in this season. What is important for us is not the quantity, but the quality of the project, to which we can bring value and from which we can learn.

Frances culture and language etc. are totally different from that of Singapore. Do you expect these challenges to affect your Singapore programme?

Of course, there will be some challenges. However, I don’t think language is not going to be a barrier. But the time zone difference will create some issues. There will be some logistics adjustments.

I would not have engaged in opening the programme in Singapore, if we didn’t have our studio in the country. I know Singapore very well and I know our local employees. I don’t think there’ll be any cultural adjustments.

Singapore has a very vibrant startup ecosystem and entrepreneurs here are very innovative. Does this kind of a startup culture exist in France? Are there any similarities between Singapore’s and French startup ecosystems?

Yeah, there are many similarities, especially when it comes to public support. France has got what they call DPI, which is a public financing arm dedicated to innovation. So when you are an innovating startup in France, you have quite a lot of options to grab public funding.

France as a whole has been gearing towards far more innovative tech ecosystem.

Asia’s VC ecosystem is quite vibrant and active. What about the French VC ecosystem? Are there enough VCs to support early-stage companies?

I am not a VC specialist. But from what I see at Station F, France is good at investing between Series A and C, and we are more and more expanding. The number of deals is decreasing but the amount invested is on the rise. So our deals are getting bigger and bigger. I think our ecosystem is maturing. French Tech will push some focus on the seed stage which is very important too, because some risk capital has moved from seed to Series A. So, now there is a gap to in Series C. But again, this is just an overall perception.

There is a huge disconnect between Asian and European startups. We don’t see many Asian companies expanding to Asia and vice versa. Do you foresee a big flow of startups from Europe especially France to Asia in the near future?

Well, it has been our vision since we started talking about our programme. However, Europe is in the shadow (dark) from an Asia point of view, and Asia is in the shadow (dark) from a European point of view.

In photos: A stroll around STATION F, one of the biggest startup campuses in the world

I don’t expect a massive flow, but yes that is what we definitely would like to see in the future. We have already partnered with French Tech (government programme), which means that if we have someone from Singapore wants to come to build a company in France and undergo our programme at Station F, we can ask the government to go through the procedure. The government will then decide whether to give a French Tech Visa to the startup.

What are the major challenges for French startups expanding into Asia?

I haven’t got an opportunity to talk specifically about this because this is not something French companies are doing already. At Station F, we have two startups from the US, who despite having a big domestic market came to France. We also have two startups from the UK and one from Switzerland. We didn’t came across any startups, who had to face the challenge of having to expand into Asia.

The post Europe is in the dark from an Asian startup point of view: Ubisoft’s Catherine Seys appeared first on e27.

Uber is fighting wars on many fronts, but hasn’t been winning very often. What is the situation in India?

If someone wants to order a ride share in India, either Ola or Uber is the likely choice. The two companies held a combined 96% of the market at the end of 2017 (according to Quartz), and both companies continue to independently grow their businesses in India as merger rumors have cooled down.

Frankly, there are multiple factors that could drive a consumer’s decision to choose one service over another, such as price, car type, reliability and safety, among others. Notably, pricing is the most important factorand can be most easily, objectively observed in aggregate.

To get a sense of which rideshare currently offers better pricing, we considered Ola Micro and UberGo as a baseline, and then we simulated short- and long-distance rides during peak and off-peak hours in the 5 biggest cities in India.

Most of the Time, Ola Micro Wins for Short Distances and UberGo Wins for Long Distances

In the cities we examined, we found it’s more often a safe bet to pick Ola Micro for short distances, but UberGo is more often the winner for long distances.

Uber and Ola have different pricing formulas for each city in India, but the main variables that determine a ride’s cost are 1) base fare charged at the start of a ride, 2) distance and 3) ride time.

UberGo Pricing Formula

 

In Ola’s pricing structure, the charge per kilometer can increase depending on ride distance.

Ola Micro Pricing Formula

We used Google Maps to plot one relatively short trip (e.g. Select CITYWALK Mall to Haus Khas Market in Delhi, 6 km) and long trip (e.g. UB City Mall to Kempegowda Airport in Bengaluru, 35 km) in each region.

Then, to examine the time variable, we took Google’s estimates for how long each trip would generally take during peak hours (heavy traffic) and off-peak hours (light or practically no traffic) to get a sense of both extremes.

Mumbai: Ola Micro is Generally Cheaper Across the Board

In Mumbai, Ola wins out for short and long rides during both peak and off-peak times. We simulated a short ride from Infiniti Mall to Chhatrapati Shivaji Maharaj Airport (7.5 km) and a long ride from Ram Mandir Train Station to Metro INOX Cinema (26.7 km).

During a typical off-peak time Ola is 3-4% cheaper, while during a typical peak time Ola is 6-7% cheaper. Ola’s advantage is driven by lower charges for base fare, distance and time. Notably, Ola’s per-km charge in Mumbai does not step up until surpassing 30 km.

Delhi: Ola Micro for Short Rides, UberGo for Long Rides

In Delhi, Ola is the cheaper ride share for short rides, while Uber is cheaper for long rides. We simulated a short ride from Select CITYWALK Mall to Haus Khas Market (6 km) and a long ride from Connaught Place to Gurugram (31.2 km).

For the short ride, Ola is notably only 1% cheaper during typical peak times but about 9% cheaper off-peak. For the long ride, Uber is about 12% cheaper during typical peak times and about 8% cheaper off-peak. Ola’s advantage for a short ride is driven by it’s lower base fare and per-km charge, partially weakened by its higher per-minute rate.

For a long ride, Ola gets more expensive due to its higher per-minute charge, while its per-km charge also roughly doubles after the distance surpasses 20km.

Bengaluru: Ola Micro for Short Rides, UberGo for Long Rides

In Bengaluru, Ola and Uber exhibit similar competitive advantages as they exhibit in Delhi, with Ola cheaper for short rides and Uber cheaper for long rides. However, this is due to only one material difference in pricing structure. The companies’ base fares are almost the same, and neither charge a per-minute fee.

So, pricing is almost entirely driven by ride distance and does not differ from peak to off-peak times. Using UB City Shopping Mall as the starting point, we simulated a short ride to Bengaluru City Junction Railway Station (4.4 km) and a long ride to Kempegowda Airport (35 km).

Ola’s 12% price advantage for a short ride is driven by its relatively lower per-km charge. However, this particular charge doubles beyond 15 km ride distance, giving Uber the advantage for sufficiently long rides (14% cheaper in this case).

Hyderabad: UberGo is Generally Cheaper Across the Board

In Hyderabad, UberGo wins out for short and long rides during both peak and off-peak times. Using City Center Mall as the starting point, we simulated a short ride to Hyderabad Deccan Railway Station (4.7 km) and a long ride to Rajiv Gandhi Airport (29.1) km.

Although Ola has cheaper per-minute and initial per-km rates, they aren’t enough to offset Uber’s significantly cheaper base fare at a short distance. For a long ride, Uber has a stronger advantage since Ola’s per-km charge significantly steps up after 15 km.

Ahmedabad: Ola Micro for Short Rides, UberGo for Long Rides

In Ahmedabad, Ola and Uber exhibit similar competitive advantages as they exhibit in Delhi and Bengaluru, with Ola cheaper for short rides and Uber cheaper for long rides. Using Sardar Vallabhbhai Patel Airport as the destination, we simulated a short ride from Shukan Mall (5.4 km) and a long ride from Geratpur Train Station across the city (30.4 km).

For the short ride, Ola is 5-6% cheaper depending on ride time driven by its relatively lower per-km charge vs. Uber. For the long ride, Uber is 18-19% cheaper driven by its steady per-km charge vs. Ola’s, which steps up after 15 km.

Methodology, Limitations and Further Considerations

In this exercise, we performed a simple analysis to examine how Ola Micro and UberGo, the companies’ cheapest service, compare across the 5 biggest cities in India.

For practical purposes, we plotted short and long routes based on landmarks in each region. Then, we relied on Google Maps for average ride times based on peak (heavy traffic) and off-peak times (light or no traffic). Beyond these, we considered all other variables neutral.

One area of further study within this framework could be an apples-to-apples intercity price comparison, equalizing ride distances and times.

Further, since short vs. long distance was found to be a big determinant in Ola Micro vs. UberGo, one could simulate a number of different route distances to find the inflection point at which Uber generally becomes the better pick.

Additionally, there are other factors besides price that may influence a rider’s decision on Ola Micro vs. UberGo such as average wait time, surge/lean pricing, driver cancellation rate, vehicle quality, driver quality and safety.

Expanding to Ola vs. Uber more broadly, riders also may consider vehicle type (e.g. rickshaw, luxury car or SUV) or UI/UX. Last, riders of course have other transportation options such as taxis, buses, rickshaws or their own vehicles.

—

This article originally appeared on ValueChampion’s blog

Photo by Charles  on Unsplash

The post Ola vs. Uber 2019: Which is the Cheaper Ride Hailing Service in India? appeared first on e27.

With their diverse business statements on the table, these companies are on a mission to scout for ‘corporate ready startups’ to partner with and accelerate their corporate innovation journey

For startups and entrepreneurs, the road to Echelon 2019 keeps getting better with each milestone announcement.

One of these reasons is FORGE, a business-matching event facilitated by e27. In our previous article we’ve listed down the first batch of corporate partners; this time, we’re adding 6 more to the roster of corporates who are keen on exploring partnership with the right startups.

So without further ado, let’s get to know more about them and their criteria on startups they are keen to meet.

Danone Nutricia Research

The Danone Nutricia Research Center is the research and innovation organisation behind the Specialised Nutrition division of Danone, focussing on Early Life Nutrition and Advanced Medical Nutrition. They bring health through food to as many people as possible, particularly those who need special care. Science is at the heart of their nutrition and health commitment.

Danone is looking to attract participation for aspiring founders or students, international startups, devs or teams of technologists for its upcoming inaugural D²Hack to tackle the problems of allergens presence, tummy’s bowel activities detection, nutritional status tracking, and microbiome detection in infant development. Startups with Healthtech, Foodtech, or IoT solution that can be adapted for infant wellness are also welcome.

Click here for more information about the D²Hack. Partnership, mentorship, and up to $58,000 in prizes await winning startups.

What they are looking for:

• Operating geography: Can commit to participate in the Hackathon
• Industry classification: Agnostic
• Technology: Healthtech, Foodtech, IoT, Biotech, MedTech, Smart home
• Business Maturity: Early stage

Interested startups can sign up here to meet Danone Nutricia Research and join their D²Hack Challenge.

UOB Group

UOB BizSmart, UOB suite of cloud-based business solutions, offers a suite of integrated solutions that lets you seamlessly manage multiple core processes such as sales, invoicing, payroll, accounting, and more. Connected to your UOB banking account and facilities, you can access to ready information on your operations and company financials, allowing you to make better informed business decisions and generate better cash flow.

UOB is looking for: (1) SMEs who are ready to digitalise their business with UOB BizSmart, and (2) startups to provide solutions for their FinLab programme for Big Data, IoT, AI, retail and Traveltech.

What they are looking for:

• Operating geography: Preferably Singapore, Indonesia, Malaysia, Thailand, and Vietnam
• Industry classification: Agnostic
• Technology: Agnostic (focus on B2B, travel, supply & logistics, food, construction, retail, health/medtech)
• Business Maturity: Series A and above (Growth Stage) / for SMEs, at least 3 years

Interested startups can sign up here to meet UOB Group.

Asia Pacific Telecom Group (APTG) 5G Accelerator

APTG 5G Accelerator is one of the major Telecom Operators in Taiwan, providing broadband, wireless, and fixed-line telecommunication services. In 2018, APTG launched their inaugural Accelerator Programme together with the Institute for Information Industry (III) from Taiwan, with the goal of ramping up 5G innovation to strengthen Taiwan’s digital industry.

APTG is looking for startups in the ICT, Mobile, IoT, Big Data, and Cloud vertical to accelerate and facilitate the future development of 5G and associated applications in Taiwan.

What they are looking for:

• Operating geography: Southeast Asia
• Industry classification: Agnostic
• Technology: Agnostic (ICT, Mobile, IoT, Big Data, Cloud, 5G preferred)
• Business Maturity:  Agnostic (mature stage preferred)

Interested startups can sign up here to meet APTG 5G Accelerator.

Bernofarm

Bernofarm, a leading pharmaceutical company in Indonesia, has significantly contributed to the national healthcare development by having a strong product presence across all the hospitals in Indonesia for the past 50 years. Going through major digital and strategic transformation, Bernofarm has pushed boundaries within the industry to increase their productivity and quality.

At FORGE, Bernofarm is keen to meet startups that will increase work productivity and quality by having tech solutions for HR, logistics and supply chain, smart productivity, performance management, and applied AI/ML tech.

What they are looking for:

• Operating geography: Southeast Asia
• Industry classification: Agnostic
• Technology: HR Tech, Logistics tech, supply chain tech, smart productivity, performance management, and applied AI/ML tech
• Business maturity: Agnostic

Interested startups can sign up here to meet Bernofarm.

Skyscanner

Skyscanner is part of the Ctrip group and is a leading global travel search company, providing free search of flights, hotels, and car hire around the world. Founded in 2003, Skyscanner helps over 80 million people each month to find their travel options. Their highly-rated free mobile app has been downloaded over 80 million times.

Through their proprietary technology and products, they are interested to work with startups to make travel search simple and useful for travelers. 

What they are looking for:

• Operating geography: Southeast Asia
• Industry classification: Agnostic
• Technology: Online retail, Fintech, Travel tech
• Business maturity: Agnostic (mature stage preferred)  

Interested startups can sign up here to meet Skyscanner.

Asia Pacific Breweries Singapore

Asia Pacific Breweries Singapore (APB Singapore) is the home of the world-acclaimed Tiger Beer – a Singapore icon born and brewed on local soil since 1932. In addition to Tiger Beer, APB Singapore’s portfolio of beers includes ABC Stout, Anchor Beer, Baron’s Strong Brew, Guinness, Heineken and the range of Archipelago craft beers.

At FORGE, APB Singapore is keen on meeting startups that offer tech solutions for increasing work productivity and quality.

What they are looking for:

• Operating geography: Singapore
• Industry classification: Agnostic
• Technology: eCommerce, Logistics, Manufacturing, Food tech
• Business maturity: Agnostic (Series A preferred)

Interested startups can sign up here to meet Asia Pacific Breweries.

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Business matching meetings will commence during Echelon Asia Summit 2019 at the Singapore Expo on May 23-24. Please note that curated startups will receive a confirmation email from e27. Click here to get your FREE starter ticket.

_{Image credit: 123rf.com / ID 49844931 / rawpixel}

The post 6 more corporate partners to FORGE their corporate-startup innovation at Echelon 2019 appeared first on e27.

The Singapore-based mobile wallet plans to expand its multi-currency across Southeast Asia

YouTrip, Singapore’s first multi-currency mobile wallet with a prepaid Mastercard®
that offers zero transaction fees across 150+ currencies at wholesale exchange rates, announced that it has raised US$25.5 million Pre-Series A funding. The round was participated by major Asian family offices and venture capital firm Insignia Venture Partners, founded by ex-Sequoia Partner Yinglan Tan.

The company said that it will use the funding to drive the development of YouTrip’s technical payment infrastructure, to launch of new product features, and proceed with its regional expansion plans in Southeast Asia.

YouTrip was launched in August 2018 as a multi-currency mobile wallet serving mostly travellers, allowing users to pay in over 150 currencies with no hidden fees and at wholesale exchange rates. The mobile app itself is designed to let users exchange and have a storage for 10 selected currencies in advance through the in-app exchange feature.

YouTrip mobile application works with a linked pre-paid Mastercard ® – issued by EZ-Link – and can be used to make payments at more than 30 million Mastercard-accepting merchants worldwide.

Southeast Asia’s population of over 650 million people makes for one of the largest and fastest growing outbound travellers market globally. Singapore is among the biggest contributor to this region, with Singaporeans being one of the most frequent travellers and biggest travel spenders globally.

Also Read: Europe is in the dark from an Asian startup point of view: Ubisoft’s Catherine Seys

“As a frequent traveller, I was surprised with how much banks mark up on overseas transactions – this was among the many reasons why I started YouTrip with Arthur Mak, who is also Chairman of YouTrip. YouTrip recognises the pain points of travellers and the opportunity to serve their financial needs,” said Caecilia Chu, co-founder, and CEO of YouTrip.

Bank-issued credit and debit cards typically carry an overseas transaction fee that can be as high as 3.5 per cent. Overseas purchases made with credit cards also usually entail a Dynamic Currency Conversion markup, sometimes going as high as 5 per cent or more.

YouTrip does not charge any overseas transaction fees nor markup on foreign exchange conversion.

“The fintech space in Southeast Asia is developing faster than ever and the travel industry represents an untapped market at the intersection of this growth. YouTrip’s success of the initial launch in Singapore provides a foundation to develop a roadmap for growing the multi-currency and cross-border payments ecosystem in Southeast Asia,” said Pachara Lawjindakul, Principal at Insignia Ventures Partners.

The company claims to have over 200,000 downloads and one million transactions with a team of 70 people in Singapore and Hong Kong 10 months since launch. Next, it’s set to developing localised solutions for the region’s travellers.

Also Read: Meet the 15 startups participating in Anthill Ventures’s A-Scale programme

By downloading its app from the App Store or Google Play, users may set up an account with no minimum account balance required and for free. Any credit or debit card can be used to top up the e-wallet, which has a maximum stored value of S$3,000 (US$2,192).

All registered users receive a physical prepaid Mastercard, free of charge.
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The post Multi-currency e-wallet YouTrip secures US$25.5m funding appeared first on e27.

Trying to score that investor meeting for the longest of time? We have the answer to that at #Echelon2019!

Echelon Connect 2019 is only limited to Premium Ticket holders as well as TOP100 startups, want to get your Premium Ticket? Click here!

One of the coolest features of Echelon Asia Summit 2019 (23rd to 24th May) is our annual startup to investor in-attendance matchmaking programme, Echelon Connect.

Over the past years, 15 per cent of startups raised follow-on funding after Echelon Connect. This is your chance to score that 15 minutes 1-1 discussion with Southeast Asia’s most active and influential investors.

Here’s the complete list of investors who will be attending Echelon Connect 2019 (Alphabetical Order):

ACE Capital

ACE Capital was created as a tech focused venture capital firm, headquartered in Taiwan, primarily focused on investments into Seed and Early stage companies, mostly in North and Southeast Asia.

Interested to meet/invest in startups:

• From: All/Any
• Stage: Seed to Series A
• Industry/Vertical: All/Any

Past Investments include: REWork, SpaceX, Neuron, Ninjavan and many more

Agaeti Ventures

Agaeti Ventures is an early stage venture capital firm that focuses on Pre-Series A and Series A technology-enabled startups with a primary focus on Indonesia or with an expansion focus into Indonesia.

Interested to meet/invest in startups:

• From:  Indonesia, expanding to Indonesia
• Stage: Pre Series A to Series A
• Industry/Vertical: Health, Education, Agriculture, Logistics, Travel & Leisure, e-Sports, Proptech, Fintech

Past investments include: CoHIVE, Warung Pintar, Pathao, BrideStory and many more

Aviva Ventures

Aviva Ventures is a corporate venture capital fund that invests in startups in the Insurtech space, Healthtech and Fintech that has opportunities that can shape the future of insurance.

Interested to meet/invest in startups:

• From:  All/Any
• Stage: All/Any
• Industry/Vertical: Insurance, Health, Fintech

Past investments include: Swingvy, Acre, Owlstone Medical and many more

Asia Summit Capital

With more than 20 portfolios in South East Asia, Asia Summit Capital is a private equity & venture capital firm dedicated to investing in growth companies.

Interested to meet/invest in startups:

• From: All/Any
• Stage: Seed to Series A (at least MVP ready)
• Industry/Vertical: eSports & Gaming, Influencer-based MarTech, Artificial Intelligence, MedTech, Frontier Technologies

Find out more about Asia Summit Capital here.

Betatron

Betatron is a network of Investors, Entrepreneurs, Startups and Mentors focused on empowering founders. Through this platform, they provide funding, hands-on support, and unprecedented network access to drive business outcomes.

Interested to meet/invest in startups:

• From: All/Any
• Stage: Seed to Pre Series A
• Industry/Vertical: All/Any
• Additional Criteria: Excludes hardware startups

Burda Principal Investments

Burda Principal Investments (BPI), a division of Hubert Burda Media, provides long term growth equity for fast growing digital technology and media companies.

Interested to meet/invest in startups:

• From: All/Any
• Stage: Series A and later
• Industry/Vertical: B2C

Past investments include: Zilingo, Carsome, Priceza and many more

C31 Ventures

C31 Ventures is CapitaLand’s corporate venture fund set up to build real estate of the future. It invests in technology startups that complement CapitaLand’s real estate business and provide the Group with new strategic capabilities.

Interested to meet/invest in startups:

• From: All/Any
• Stage: All/Any
• Industry/Vertical: Proptech, Retail Tech

Past investments include: Chope and many more

Captii Ventures

Captii Ventures is a multi-stage investor in Southeast Asian start-ups. They invest in marketplace enablers that deliver mobile/e-commerce innovation and ventures that build mobile-first media platforms. They have a preferred focus on cloud and handset-app delivered application, and also for start-ups that have better solutions for age-old enterprise problems.

Interested to meet/invest in startups:

• From:  Southeast Asia
• Stage: Seed onwards
• Industry/Vertical: Fintech, B2B and Enterprise

Past investments include: AVANA, bfab, PouchNation and many more

Centicorn Ventures

We subscribe to the philosophy of “for entrepreneurs, by entrepreneurs”. With more than 30 years of experience as entrepreneurs across the partners, we look for and partner high impact founders who have a strong vision to be game changers in the future through their businesses.

Interested to meet/invest startups:

• From: All/Any
• Stage:All/Any
• Industry/Vertical: Enterprise software/SAAS, F&B, Travel

Find out more about Centicorn Ventures:

Cerana Capital

Cerana Capital is an investment firm based in Singapore, with a focus on early-stage and Series A companies in the Southeast Asian region.

Interested to meet/invest in startups:

• From:  Southeast Asia
• Stage: Early Stage and Series A
• Industry/Vertical: Agtech, Foodtech, Fintech, Real Estate

Past investments include: Agrome IQ and many more

Cradle Fund

An agency under the Ministry of Finance, Malaysia, Cradle Fund provides early stage funding to innovative and aspiring entrepreneurs

Interested to meet/invest in startups:

• From: Southeast Asia, primary focus on Malaysia
• Stage: Seed to Pre Series A
• Industry/Vertical: Digital, Hardware, Software

Past investments include: Dropee, WOBB, ParkEasy, TagLA and many more

Decacorn Capital

Decacorn Capital is a cross-border venture funding initiative, which invests in game changing start-ups enabled by innovative use of technology and led by high-caliber, passionate founders who are out there with the mission to either create a true delight or solve a real problem. The firm has an exit, by way of IPO of Snap Inc., and it has invested in other Silicon Valley tech unicorns.

Past investments include: Propine Capital, Affable and many more

elev8.vc

elev8.vc is a Singapore based VC Fund that looks at promising early-stage enterprise companies who develop incredible new technologies and have ambitious commercial goals.

Interested to meet/invest in startups:

• From: Southeast Asia
• Stage: Early stage
• Industry/Vertical: Deep tech, B2B, Autonomous Vehicles, Communications, Medtech, IoT, AI

Everstone Capital

The Everstone Group is a leading private equity and real estate investment firm focused on supporting the growth aspirations of entrepreneurs, corporations and asset owners across India and Southeast Asia.

Interested to meet/invest in startups:

• From: Southeast Asia
• Stage: All/Any
• Industry/Vertical: B2C, Healthcare, B2B
• Additional Criteria: Excludes Marketplaces, P2P Lending, Hardware

Fusion Capital Partners

Fusion Capital Partners is early-stage venture capital platform, combining a mix of financial & operational expertise, and a unique understanding of digital assets.

Interested to meet/invest in startups:

• From:  All/Any
• Stage: All/Any
• Industry/Vertical: Fintech, 3D Manufacturing, Industry 4.0 tech

Gobi Partners

Founded in 2002, Gobi Partners is a venture capital firm with its headquarters and incubation center in Shanghai, additional offices in Bangkok, Kuala Lumpur, Manila, Jakarta, Tokyo, Beijing, Hong Kong, and Tianjin, as well as Singapore. A leading investor in early stage digital media and technology companies in China, Gobi manages 12 funds with over US$1.1 billion under management. Since its establishment, Gobi has funded over 250 startups, ranging from early to traction stage companies to unicorns and continues to invest actively in the region.

Interested to meet/invest in startups:

• From: APAC to the Middle East 
• Stage: Seed, Early Stage and Later Stage
• Industry/Vertical: All/Any

Past Investments include: ViSenze, Edukasyon.ph, Maria Health, Eko and many more

Latest news: Gobi Partners-Core Capital JV invests in Filipino startups MariaHealth, Edukasyon

Golden Equator Capital

Golden Equator Capital is a Singapore-based fund management company that invests in innovative technology companies across Asia.

Interested to meet/invest in startups:

• From: Southeast Asia
• Stage: Series A and above
• Industry/Vertical: All/Any

Past investments include: ohmyhome, Vault Dragon, Glints, Paktor and many more

Latest news: Golden Equator Group of Singapore raises US$18M led by Taizo Son

Golden Gate Ventures

Golden Gate Ventures is a seed fund investing in early stage internet startups in Southeast Asia. Their investment activities bring Silicon Valley best practices to startups in Southeast Asia.

Interested to meet/invest in startups:

• From: Singapore, Indonesia, Vietnam
• Stage: Seed to Series A
• Industry/Vertical: B2C, B2B2C, B2B

Past investments include: Carousell, Carro, MoneySmart, GRANA and many more

GREE Ventures

GREE Ventures is a venture capital firm that originally started as a new business for GREE, a driving force behind innovation in Japan’s mobile Internet services. It invests in Japan as well as emerging markets such as Southeast Asia and India to support entrepreneurs who seek to solve issues in the world through technology.

Interested to meet/invest in startups:

• From: Singapore, Indonesia, India
• Stage: Seed
• Industry/Vertical: All/Any
• Additional criteria: Excluding startups in the gaming and biotech/medtech industry

Past investments includes: Saleswhale, Vouch Insurtech, Healint and many more

Latest News: Innovation Factory, GREE Ventures launch SKALA accelerator programme in Indonesia

Incubate Fund

Incubate Fund is the largest and best known seed to early stage focused venture capital fund in Japan.

Interested to meet/invest in startups:

• From: Southeast Asia, Japan, United States and India
• Stage: Seed
• Industry/Vertical: All/Any
• Additional criteria: Founder must be proficient in English

Past investments include: StayAbode, Hostel Hunting, Schoo and many more

Indonusa Dwitama

Indonusa Dwitama is an investment holding company that engages in organizing and developing a broad portfolio of investments in Indonesia.

Interested to meet/invest in startups:

• From: Indonesia, Singapore, Malaysia, Vietnam
• Stage: Seed and Series A
• Industry/Verticals: Adtech, e-Commerce and Human Resources tech (HR)

Past Investments include: Orori and Qontak

Latest News: Singapore cross-border payments startup Wallex raises Pre-Series A funding from BEENEXT

International Finance Corporation (IFC)

The International Finance Corporation (IFC), a part of the World Bank Group focuses on private enterprises and infrastructure in emerging markets.

Interested to meet/invest in startups:

• From:  All/Any
• Stage: All/Any
• Industry/Vertical: e-Logistics, Education, Healthcare, Enterprise Services

Past investments include: Coursera, Bizongo, RedDoorz and many more

JN Capital & Growth Advisory

JN Capital & Growth Advisory focuses on advisory and consulting services to help SMEs grow and scale their business in-country and cross-borders.

Interested to meet/invest in startups:

• From:  All/Any
• Stage: All/Any
• Industry/Vertical: Education, Health, Media/Social, Lifestyle, Smart Mobility, Fintech
• Additional Criteria: Focusing on AR/VR, AI/ML, Data Analytics

Jungle Ventures

Jungle Ventures is a Singapore based Venture Capital Firm that invests in and helps build tech category leaders from Asia.

Interested to meet/invest in startups:

• From:  Southeast Asia
• Stage: Pre Series A to B
• Industry/Vertical: Fintech, Cybersecurity, AI, Logistics, Data Management and Software oriented

Past investments include: RedDoorz, FinAccel, Tookitaki, smartkarma and iflix and many more

KK Fund

KK Fund is a venture capital fund to invest in seed stage internet and mobile startups across Southeast Asia, Hong Kong and Taiwan.

Interested to meet/invest in startups:

• From: Southeast Asia
• Stage: Seed and Pre Series A
• Industry/Vertical: Fintech, Logistics, Entertainment, Platforms

Past investments includes: ZmyHome, PolicyStreet, Hostel Hunting, GIZTIX and more. 

MassMutual Ventures

MassMutual Ventures helps companies navigate early growth and achieve significant enterprise value over time. They are a member of a large US-based financial service firm, MassMutual Life Insurance Company, one with broad and deep expertise in insurance, asset management, retirement, cybersecurity, data science, and IT infrastructure. They also help their portfolio companies’ access global expertise from their operating executive colleagues.

Interested to meet/invest in startups:

• From: All/Any
• Stage: All/Any
• Industry/Vertical: Fintech, Healthtech and Enterprise sectors

Past investments include: RedDoorz, FinAccel, Tookitaki, smartkarma and iflix and many more

Monk’s Hill Ventures

Monk’s Hill Ventures is a venture capital firm investing in technology startups that take advantage of the fast growing Asian markets.

Interested to meet/invest in startups:

• From: Southeast Asia
• Stage: Seed, Series A and Series B
• Industry/Vertical: All/Any

Past Investments include: KKday, ELSA, Horangi Cybersecurity, Saleswhale and many more

Latest news: Healthtech company Jio Health raises US$5M Series A funding from Monk’s Hill Ventures

OOCTANE

OOCTANE is a venture capital firm by Cambodians for Cambodia. OOCTANE is looking to invest in technology startups focused on the logistics, e-commerce, real estate and financial-services verticals.

The fund is chaired by Oknha SEAR Rithy, Chairman of the WorldBridge Group.
Interested to meet/invest startups:

• Country: Companies who are looking to enter or expand into the Greater Mekong Subregion (e.g. Cambodia)
• Stage: Early (pre-seed/seed/Series A)
• Industry/Vertical: Logistics/mobility, ecommerce, fintech (esp. payments sector), propTech

Find out more about OOCTANE.

Protégé Ventures

New Singapore-based venture fund Protégé Ventures has two distinct characteristics: it is run by students and only invests in startups with at least one student co-founder.

Interested to meet/invest in startups:

• From: All/Any
• Stage: Early
• Industry/Vertical: All/Any
• Additional Criteria: Startup must be student run or have a co founder that has graduated in the last 5 years

Qualgro Venture Capital

Qualgro is an ASEAN-focused fund supported by large Asian conglomerates, that invests into internet and technology-based businesses, across Southeast Asia, India, Australia and New Zealand.

Interested to meet/invest in startups:

• From: Southeast Asia, Australia, New Zealand
• Stage: Series A and B
• Industry/Vertical: B2B and B2B2C
• Additional Criteria: Preference for Medtech, SaaS, Data (Analytics, AI/ML) for SMEs and Enterprise

Past investments include: PatSnap, Appier, Wavecell and many more

Rekanext

Rekanext is a distinctive venture capital firm backed by strong partners with deep experiences in digital technology, enterprise solution, manufacturing, real estate, fund management and the financial industry who have resolved to mentor early stage startups through their growth phases.

Interested to meet/invest in startups:

• From: Singapore, Indonesia, Malaysia
• Stage: All/Any
• Industry/Vertical: Cybersecurity, Data Analytics, Artificial Intelligence, Agritech, SAAS Platforms, Digitisation of Traditional Businesses, Automotive, IOT/ M2M, Video Analytics/ Computer Vision

Rhapsody Ventures

Rhapsody Ventures is a cross-border technology strategy and venture investor.

Interested to meet/invest in startups:

• From: All/Any
• Stage: Pre Seed to Series A
• Industry/Vertical: Blockchain, Cybersecurity, Mobility (AI/Autonomous Driving/Sensors/Software Stack), Recycling and Batteries

SC Ventures

Standard Chartered has established a new business unit, SC Ventures, to lead digital innovation across the Group, invest in fintechs and other start-up companies, promote rapid testing and implementation of new business models.

Interested to meet/invest in startups:

• From: All/Any
• Stage: Series B and above, with Series A by exception
• Industry/Vertical: Fintech

Skystar Capital

Skystar Capital is a fund that invests in technology startups in the Asia Pacific region, particularly Indonesia, at their early and growth stages.

Interested to meet/invest in startups:

• From: Indonesia and startups looking to expand to Indonesia
• Stage: Seed to Series B
• Industry/Vertical: All/Any

Past investments include: Ekrut, Dekoruma, SweetEscape and many more

Latest News: Indonesian recruitment platform Ekrut raises pre-Series A funding round

Slava Orekhov (Angel Investor)

Slava can bring a lot of value to SaaS/Enterprise Software companies due to his background. He is also a passionate foodie who cares about the future of the planet and hence don’t hesitate to reach out to him if you’d like to talk about Agri or F&B ventures.

Interested to meet/invest startups:

• From: All/Any
• Stage: All/Any
• Industry/Vertical: SaaS/Enterprise Software, Agritech, F&B Ventures

Find out more about Slava Orekhov:

Supply Chain Angels

Supply Chain Angels (SCAngels) is the corporate venture arm of YCH Group, Asia Pacific’s leading integrated end-to-end supply chain management and solutions provider, supported by Y3 Technologies, a leading supply chain management information technology and services company.

Interested to meet/invest in startups:

• From:  All/Any
• Stage: Post Seed to Series A
• Industry/Vertical: Logistics, Fintech, AI, Machine Learning

Past investments include: Tookotaki, Spaceship and many more

Teko Ventures

Teko Ventures is a Vietnam-based investment fund that invests across all investment stages in Southeast Asia.

Interested to meet/invest in startups:

• From: Vietnam and planning to expand to Vietnam
• Stage: Seed and Series A
• Industry/Vertical: All/Any

Past Investments include: Tripi, POS365, VNPay, Umbala and many more

TH Capital

TH Capital is a Malaysian based venture capital firm with strong Southeast Asian connections.

Interested to meet/invest in startups:
From: Southeast Asia
Stage: Series A
Industry/Vertical: Insurtech, Fintech

Find out more about TH Capital here.

TRIVE Ventures

TRIVE Ventures focuses on specific strategies for go-to-market and branding to help Singapore-based startups help a global positioning and to embrace expansion to the regional markets.

Interested to meet/invest in startups:

• From: All/Any
• Stage: Seed to Series A
• Industry/Vertical: Deep Tech
• Additional Criteria: Focusing on AI, Applied Blockchain, Science backed tech

Past investments include: Refash, NeuroTrend, Park N Parcel and many more

tryb Group

Tryb Group is a Singapore-based organization focused on fintech services in Southeast Asia. They operate like an umbrella company by taking stakes in promising businesses and buying up others via acquisitions.

Interested to meet/invest in startups:

• From: All/Any
• Stage: Up to Series A
• Industry/Vertical: Fintech
• Additional Criteria: Focusing on AI, Applied Blockchain, Science backed tech

Venturra Discovery

Venturra Discovery is the seed investment arm of Venturra, a Southeast Asia focused VC firm investing in early stage high-growth businesses.

Interested to meet/invest in startups:

• From:  Indonesia, Singapore, Vietnam, Thailand, Malaysia, Philippines
• Stage: Seed to Pre Series A
• Industry/Vertical: Fintech (supporting wallet/payments), Proptech, Insurance, Edutech, Healthtech

Quest Ventures

Quest Ventures is a leading venture fund for technology companies that have scalability and replicability in large internet communities.

Interested to meet/invest in startups:

• From: Indonesia, Malaysia, the Philippines, Cambodia and Myanmar
• Stage: Seed to Early Stage
• Industry/Vertical: All/Any

Past Investments include: Carro, Hapz, Ubersnap, Carousell and many more

Walden International

Walden International is the leading firm focused on cross-border investments – their integrated team is dedicated to helping you build the next industry leading companies.

Interested to meet/invest in startups:

• From: Singapore
• Stage: Series A
• Industry/Vertical: AI, Fintech, Big Data, e-Commerce, Mobile and Internet

Past investments include: Swingvy, Credolab, uCare, Dexcure, Ematic Solutions and many more

Wavemaker Partners

Wavemaker Partners invest in a broad range of technology-driven companies in the US and Southeast Asia.

Interested to meet/invest in startups:

• From: Indonesia, Vietnam
• Stage: Seed to Pre Series A
• Industry/Vertical: Deep Tech, Enterprise (B2B), SaaS, Proptech, Fintech, Agriculture, Commerce Space

Past investments include: Saleswhale, ZUZU, igloohome and eFishery and many more.

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Echelon Connect 2019 is only limited to Premium Ticket holders as well as TOP100 startups, want to get your Premium Ticket? Click here!

There is only 300 meeting slots available and registration starts 8th May when we send over the registration form to all current Premium Ticket holders and TOP100 startups!

Photo by Bethany Legg on Unsplash

The post 44 fantastic investors that might be your next match at #Echelon2019 appeared first on e27.

The answer to this riddle is something we are always seeking more of

Echelon is just 9 days away! If you don’t want to miss out on all the fun, make sure to register here.

To give your brain a little workout, we are giving away free tickets if you can answer this riddle correctly.

Also Read: 44 fantastic investors that might be your next match at #Echelon2019

The answer to this riddle is one word so you will have to fill in the blank space with the answer. Visit the registration page and enter the answer into the promotional code box. The format is e27-XXXX. Please use all-caps for the word. More details below.

Riddle me this

Question: For some I go fast for others I’m slow. To most people I am an obsession; relying on me is a well-practiced lesson.

Answer: _________

How do I answer?

Here are the steps to redeem the tickets (assuming you know the answer ) .

1. Visit the registration page.
2. Under the first bar towards the left, underneath the date, you should see a “Promotional Code” box.
3. Enter the answer
4. NOTE: The answer is one word and it must be entered in ALL CAPS. Also, follow the format e27-XXXX.
5. Limited Starter tickets will appear for free.
6. After that simply click the ‘Buy Ticket’ button and follow through the registration process.
7. Attend Echelon!!

Also Read: What your business can and should learn from Arya Stark

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Photo by Ben White on Unsplash

The post Here is another riddle to help you attend #Echelon2019! appeared first on e27.

With this, Ubisoft will be able to support and reach out to more entrepreneurs around the world in the entertainment sector

French video games company Ubisoft has announced the launch of the fourth season of its startup programme at Station F, one of the world’s biggest startup campuses, in Paris.

Called Ubisoft Entrepreneurs Lab, the programme has now been expanded to Singapore. With this, Ubisoft will be able to support and reach out to more entrepreneurs around the world working on innovative technologies in the entertainment sector.

In collaboration with Ubisoft’s Singapore studio, the programme will host the selected startups at PIXEL, an innovation space managed by the government agency Info-communications Media Development Authority (IMDA), for the entire duration of six months. Startups wishing to stay longer are free to do so.

All selected startups, in both campuses, will undergo a six-month personalised programme, which will enable them to interact with Ubisoft experts as well as partners across its international network. The mentor of this new season is Serge Hascoet, Chief Creative Officer at Ubisoft.

The fourth season offering two tracks, both available in the Paris and Singapore campuses, will focus on two themes — one, the exploration of the links between blockchain technology and entertainment, in the continuity of the previous seasons; and two, extended entertainment: innovative services with the goal of improving entertainment experiences before, during and after gaming sessions.

Also Read: An ex-French Minister’s VC firm strives to bridge Asian and European startup ecosystems

The programme will take place from September 1, 2019 to March 1, 2020, and the application process will close on June 30 2019.

Candidates can apply here.

“We are now heading into our fourth season of our startup programme at Station F in Paris, and are very happy to extend the Ubisoft Entrepreneurs Lab to Singapore,” said Catherine Seys, Startup Program Director at the Strategic Innovation Lab. “Ubisoft Singapore has been established for more than 10 years, and from what we already know of the region, we are confident that its vibrant local tech ecosystem and strong talent pool are key ingredients for budding startups.”

Howie Lau, Chief Industry Development Officer, IMDA, added: “PIXEL, located in the One-North innovation district with a vibrant tech and media community, is well positioned to play the role of the Asian node of Ubisoft’s Entrepreneurs Lab. This collaboration will enable participating startups in Singapore and the region to access IMDA PIXEL’s facilities and local programmes, as well as to access Ubisoft’s global resources and mentorship to develop innovative solutions for the entertainment sector.”

Ubisoft is a creator, publisher and distributor of interactive entertainment and services, with a portfolio of known brands such as Assassin’s Creed, Just Dance, Tom Clancy’s video game series, Rayman, Far Cry and Watch Dogs.

 

The post French video games company Ubisoft expands its startup programme to Singapore appeared first on e27.