Meet Ryan Naylor, who helps SMBs find the talent they need so they don’t have to compete with massive corporations.

Today, he shares the shocking journey that includes being sued after going on Shark Tank!

We discuss:

• How he became interested in entrepreneurship
• His first job (he made more than his other friends!)
• Graduating at the start of the Great Recession
• The travel bug which started his first company
• The reality behind Shark Tank
• The most important thing he learned as a result of Shark Tank
• How that led him to create his current company VIVAHR
• And more!

If you don’t see the player above, click on a link below to listen directly!

Acast

Apple

Spotify

Stitcher

—

This article was first published on We Live To Build.

Image Credit: Michal Czyz on Unsplash

The post Starting a mission-driven company with Ryan Naylor appeared first on e27.

ADB Ventures, an impact-tech fund and a unit of the Manila-headquartered Asian Development Bank, is in the process of raising an over US$100 million debt fund.

The debt fund will target tech startups that are slightly further along the commercialisation lifecycle.

“At this stage, we’re still in the process of finalising the setup of the US$100-million debt fund,” said Daniel Hersson, Senior Fund Manager at ADB Ventures, without disclosing further details.

ADB Ventures already runs an US$60-million equity fund, which recently announced its maiden investments in two Indian startups — Euler Motors and Smart Joules.

Euler is an electric vehicle manufacturer and fleet operator focused on last-mile commercial logistics, whereas Smart Joules is an energy efficiency-as-a-service company.

The ADB Ventures Equity Fund is backed by Finland’s Ministry for Foreign Affairs, the Government of the Republic of Korea, Climate Investment Fund’s Clean Technology Fund, and the Nordic Development Fund.

Also Read: What is Impact Investing?

“Our focus is on backing high-risk, early-stage Asian startups with potentially disruptive solutions. These entrepreneurs need access to equity capital, ideally patient, as they are yet to reach a stable level of positive cash flow. We want to see more of these high-risk startups in Asia,” he said in an interview with e27.

However, in Asia, particularly for impact-oriented tech startups, there is still a significant gap in equity funding.

“Having said that, we also believe that there is a need for more flexible debt in the market. There’s a gap between equity funding and traditional bank financing that needs to be bridged. Even startups with more mature and proven solutions with a strong customer pipeline can often not access affordable debt,” he shared.

In his opinion, this is holding back their growth and their impact.

A solution needs to be worked out to help them transition more quickly from equity-fuelled growth to more leveraged growth.

“That is why we are raising a second fund, which will tackle this particular market gap. We aspire to launch a US$100 million+ debt fund targeting tech startups that are slightly further along the commercialisation lifecycle,” he explained.

More on the equity fund

With the US$60-million equity fund, ADB Ventures looks to back 15-20 companies, with an average ticket size of US$1-2 million. This is aimed at seed-stage, Series A and Series B startups.

The impact tech fund also runs a seed programme which provides a ticket size of up to US$100,000-200,000 to early-stage ventures in Asia.

Both these programmes are largely focussed on climate and gender impact in South and Southeast Asia.

Also Read: What do I need to know as a first-time impact investor?

According to Hersson, the impact-tech investment community in Asia has become sophisticated. “All of a sudden, you have an ecosystem of some incredible investors and entrepreneurs and a market that is is much more receptive of solutions than they were before.”

There is now a race to adopt impact solutions such as electric vehicles. The whole shift is incredibly exciting, he said.

“Impact-tech investment is no longer a niche and it has actually become mainstream. It has reached a tipping point where there are so many incredible players, and if everyone joins hands together, we could do something unique over the next five to ten years in Asia,” Hersson said.

—

Photo by Markus Spiske on Unsplash

The post Impact-tech investor ADB Ventures in talks to raise US$100M debt fund appeared first on e27.

Taronga Ventures, an investment management firm, announced today that it has expanded its RealTechX innovation programme to Singapore.

The initiative will be supported by the government agency Enterprise Singapore.

This news follows Enterprise Singapore’s partnership with Australia’s Government’s Department of Industry, Science, Energy and Resources to expand RealTechX beyond Australia to Asia Pacific.

The goal is to help growth-stage real estate and construction companies to achieve sustained growth.

“Our key selection criteria is that the solution can demonstrate effectiveness and business value for our real estate corporate partners,” a spokesperson of the company told e27.

Companies participating in RealTechX will receive access to global real estate corporate customers, potential investment and expert advice on global and domestic growth strategies.

The programme’s corporate partners include Dexus, ISPT, Lendlease, Australian Unity and PGIM Real Estate. The initiative is also supported by tech giants like Microsoft, Google, IBM and AWS.

Enterprise Singapore’s Director (Urban Solutions and Infrastructure Services) Yeoh Choon Jin said: “Singapore has maintained a focus on supporting best-in-class innovation in the built environment. We have designed our city and spaces to deliver better citizen experiences and through technology, we are enhancing our urban environment and infrastructure performance.”

“As a leader in built environment technology investment, we are delighted to be partnering with Taronga Ventures and its RealTechX growth program to grow our ecosystem,” he added.

Also Read: The world of proptech and its fate in a post-pandemic world

“We have a long-term commitment to Singapore and its regional ecosystem, having established our second headquarters in the market and hiring top talent locally,” added Taronga Ventures’s Managing Partner Singapore Avi Naidu.

Taronga Ventures is an institutional venture fund that invests in globally-scalable entities that enhance the way real estate is designed, procured, financed, developed and managed across all sectors.

According to property brokerage and consultancy JLL, the total value of the investable global commercial real estate is estimated to reach US$65 trillion by the year 2020, with Asia Pacific accounting for over 30 per cent of it.

—

Image Credit: Youssef Abdelwahab

The post Taronga Ventures expands its RealTechX programme to support Singapore’s proptech startups appeared first on e27.

Traveloka, the Indonesian travel unicorn, is in advanced talks to go public through a merger with Bridgetown Holdings, the special purpose acquisition company (SPAC) backed by Peter Thiel, a Bloomberg report said citing unnamed sources.

Reuters had in December reported that Traveloka was eyeing to go public and was evaluating a merger with a SPAC as a possible listing option.

This new report comes even as Grab, another Southeast Asian tech unicorn, is said to be working on listing on the New York Stock Exchange through a US$35 billion merger with SPAC Altimeter Capital.

As per Bloomberg’s sources, a deal could value Jakarta-headquartered Traveloka at about US$5 billion. The potential transaction could also involve raising between US$500 million and US$750 million through a private investment in public equity.

Also Read: Grab set to list in the US through US$35B SPAC merger: Report

Founded in 2012 by ex-Silicon Valley engineers, Traveloka is Southeast Asia’s leading technology company providing access for users to discover and purchase a wide range of transportation, accommodation, lifestyle, and financial services products.

Its product portfolio includes transport booking services such as flight tickets, bus, trains, car rental, airport transfer, as well as access to the largest accommodation inventory in the region, including hotels, apartments, guest houses, homestays, resorts, and villas.

It also offers reservation for a wide range of local attractions and activities as well as culinary directories.

Through its financial services products, Traveloka also offers financing, payment, and insurance solutions for the underbanked.

The app has been downloaded more than 60 million times.

As of July last year, Traveloka has a total of US$1.2 billion in its pocket. This included a US$250 million funding round in July 2020 from investors such as GIC and East Ventures.

Its other high-profile investors include Qatar Investment Authority, Expedia, JD.com, Sequoia, and GFC.

—

Image Credit: Traveloka

The post Traveloka in talks for a merger with Peter Thiel’s SPAC to go public: Report appeared first on e27.

MVLLabs, a Singapore-based mobility blockchain company, has raised US$15 million in a Series B funding round led by Korean automotive parts manufacturer CENTRAL.

Singapore-headquartered TRIVE Ventures also participated in the round.

MVL will channel these funds towards expanding its mobility offerings – beginning with the launch of its first electric vehicle (EV), the ONiON T1.

Founded in 2012, MVL operates a blockchain-based platform where data such as transactions, movements, accidents and maintenance of vehicles are recorded in a single ecosystem.

The company has been driving the mass adoption of its mobility blockchain through what it claims is Southeast Asia’s first blockchain-based ride-hailing service TADA.

TADA is present in Singapore, Vietnam, and Cambodia with an estimated 100,000 drivers and 890,000 users.

The ONiON T1 was developed in collaboration with MVL’s strategic investors and partners. The vehicle will be launched through the company’s subsidiary MVL Energy.

The company shared ONiON T1 will first be added to TADA’s fleet of vehicles in Phnom Penh, Cambodia, where it currently offers both ride-hailing and delivery services.

MVL noted T1’s design is geared towards achieving greater cost efficiency. Internal estimations based on Phnom Penh’s market conditions project the ONiON EV will lower energy costs for traditional three-wheel vehicles (commonly known as tuk-tuks) to US$60 a month. The vehicles will also be sold separately from batteries, which gives the EVs a range of 100km.

The EV’s launch will be accompanied by the installation of ONiON mega battery swapping stations, which MVL said will be strategically located across Phnom Penh based on its analysis of existing ride-hailing data.

Also Read: Is ‘shadow charging’ the answer to the many challenges faced by existing EV charging stations?

Besides, MVL shared it recently secured the Qualified Investment Project (QIP) status from the Cambodian government, giving it access to incentives including tax exemptions. The company noted the ONiON T1 project is expected to generate 380 new job opportunities.

MVL is currently taking pre-orders for the vehicles, with the first production units expected to be available by the end of 2021.

“This vehicle has been designed from the ground-up through engaging our drivers in Cambodia. We envisioned a practical yet aspirational electric vehicle tailored for them and their city of Phnom Penh. We are grateful for the support our strategic investors have provided us,” said Kay Woo, CEO of MVL.

“As a company, we have been focused on bridging the technology gap to make mobility affordable, and this launch paves the way for expansion into other EV models. We now look forward to furthering our mission to make mobility environmentally and socially sustainable,” he added.

—

Join our e27 Telegram group, FB community or like the e27 Facebook page

Image Credit: MVLLabs

The post MVLLabs snags US$15M Series B to develop 3-wheeler EV appeared first on e27.

WhiteCoat, a Singapore-based digital healthcare platform, announced today that it raised close to SGD10.8 million (US$8 million) in a Series A round of financing, led by GEC-KIP Technology and Innovation Fund.

Other investors who participated in the round include SGInnovate and Asia Resource Corporation.

The proceeds will be used to accelerate WhiteCoat’s regional footprint, enhance its platform, and expand its suite of remote healthcare services,

Launched in 2018, Whitecoat is a one-stop platform that provides with on-demand telemedicine services to patients in Singapore.

Its mobile app connects users to an “extensive and curated” network of medical practitioners that assist in treating common ailments and chronic illnesses.

In 2020, the company claimed, it experienced an 8x increase in revenue and a 7x surge in consultation figures due to COVID-19 boosting the need for people to utilise remote medical services.

Also Read: WhiteCoat, Homage join forces to launch chronic disease telehealth programme, aimed at elderly patients

Whitecoat also partnered with AIA, one of the largest publicly-listed pan-Asian life insurance companies, to leverage its insurer integration expertise in new markets across Southeast Asian markets.

“WhiteCoat has been on a sharp growth trajectory even before COVID-19, propelled by an influx of first-time patients and strong repeat usage from our existing base. We see this investment as an endorsement of our vision in making WhiteCoat the first touchpoint for all healthcare needs,” Bryan Koh, founder of WhiteCoat, said.

“With this investment, we will further develop and scale our technology and services and create transformative and smart healthcare solutions which benefit patients, healthcare professionals, and insurers across the region,” Koh added.

“WhiteCoat is one great example that offers a comprehensive and seamless suite of telemedicine services such as primary care, chronic disease management, and specialist care, through their one-stop digital platform that enables registration, consultation to prescription and delivery of care to users,” Lim Jui, CEO at SGInnovate, noted.

“We believe that their regional expansion will be a success through partnering with key players like AIA, further driven by current demand for telehealth, and look forward to being part of their growth journey,” Jui shared.

–

Image Credit: WhiteCoat

 

 

 

 

The post WhiteCoat banks US$8M for its on-demand telemedicine services platform appeared first on e27.

Trax, a Singapore-based company harnessing computer vision to provide vision and analytics tools for retailers, has secured US$640 million in a Series E financing round led by SoftBank Vision Fund 2 and technology-focused funds managed by existing investor BlackRock.

As per a press note, this round of primary and secondary capital financing also saw participation from new investors including Canadian pension fund OMERS and Sony Innovation Fund.

The blockbuster Series E round is more than double what the company raised in the past decade. To date, the firm has raised US$1.03 billion in investments and is understood to be valued at over US$2 billion, as per a DealStreetAsia report.

Justin Behar, CEO of Trax, shared the fresh funds will go towards “investing in our team, extending our market leadership, scale our retailer business, and drive the next stages of long-term growth and innovation.”

Founded in 2010, Trax’s cloud platform is accelerating the digital transformation of consumer packaged goods (CPG) companies and grocery retailers by providing granular visibility of rapidly changing store conditions. The company hit unicorn status after a US$100M Series D funding round in 2019.

Trax claims its proprietary computer vision solutions enable users to make timely, data-driven decisions and implement immediate corrective actions. This helps retailers accelerate growth, reduce costs, and drive awareness and purchasing intent.

In the past year, Trax launched a suite of autonomous shelf-monitoring solutions and an AI-driven, enterprise-level dynamic merchandising service to help brands and retailers keep products on shelves with the assistance of Flexforce, an on-demand crowd marketplace.

Also Read: Trax acquires European image recognition startup Qopius to expand digital retail presence

“Trax has been building its sophisticated, AI-powered, retail cloud platform for more than a decade. We began our journey by creating novel computer vision solutions for retail and have since broadened our capabilities to serve the evolving needs of the modern retail ecosystem,” added Behar.

“We are witnessing the retail industry adopt digital technologies at an unprecedented pace and scale,” noted Joel Bar-El, Executive Chairman and co-founder of Trax.

“Despite the turbulence of 2020, we made tremendous strides in our business because of the hard work, dedication and team spirit at Trax. Our many solutions address the complex needs of CPG brands and retailers as they rapidly adjust to shifts in consumer behaviour,” he added.

“Through its innovative AI platform and image recognition technologies, we believe Trax is optimizing retail stores by enabling CPG brands and retailers to execute better inventory strategies using data and analytics,” noted Chris Lee, Director at SoftBank Investment Advisers.

—

Join our e27 Telegram group, FB community or like the e27 Facebook page

Image Credit: Trax

The post Singapore unicorn Trax bags US$640M Series E to expand retail-tech platform appeared first on e27.

Grab set for US listing through merger with Altimeter SPAC at US$35bn valuation; The listing will see Grab raising US$2.5bn through a private investment in public equity deal; About US$1.2bn will be funded by Altimeter; The deal could take as soon as this week. More here

SoftBank co-leads US$640mn in pre-IPO Series E of Singapore retail-tech unicorn Trax; Its retail cloud platform combines computer vision with IoT hardware to provide companies with granular visibility of changing store conditions; With hubs in the US, Singapore, Israel, Trax serves customers in over 90 countries. More here

AirAsia to raise US$300mn for digital unit to fuel super-app ambition; As per a Bloomberg report, it is in discussions with at least one advisor for its digital unit’s first financing round; In March, founder and CEO Tony Fernandes estimated that AirAsia’s super app would record a turnover of US$250mn this year; Recently, the airline said it’s looking to enter the ride-hailing business. More here

Play Ventures closes US$135mn fund targeting gaming startups; Launched in 2018, Play Ventures portfolio consists of 24 early-stage gaming startups across over 10 different countries; Its investees include Vietnam’s Gamejam and Singapore’s Potato Play. More here

Line operator Naver invests US$150mn in Indonesia’s Emtek; The investment is aimed at jointly finding new growth opportunities in SEA with its regional partners; Emtek owns and operates several internet properties, including DANA and Bukalapak; Naver has been aggressively investing in promising startups and businesses in SEA, where the online business growth potential is greater than in other regions. More here

MatchMove’s talks with VCs to raise US$50mn fall through; As per a DealStreetAsia, this follows the S’pore fintech firm’s failure to secure digital banking licence from MAS; MatchMove had forged consortium to apply for a digital bank licence to bolster its existing banking-as-a-service portfolio. More here

Indonesia’s B2B commerce startup Sinbad set to close in on US$15-20mn funding; As per a DealStreetAsia report, MDI Ventures and Genesia Ventures are understood to be backing the startup’s latest round; Sinbad provides a platform for retailers and merchants to place orders directly with principal manufacturers and product distributors. More here

Hyperganic brings 3D printing software to Singapore with a US$7.8mn funding; The company shared this decision was driven by Singapore’s investment in deeptech, specifically in AI, robotics and industrial 3D printing; Germany-based Hyperganic uses computer algorithms to create digital renderings of complex parts such as rocket engines. More here

SIRCLO acquires Eduardo Saverin-backed Indonesian parenting platform Orami; The deal states that Orami will operate as an independent entity that is integrated within SIRCLO’s line of services; Orami CEO Ferry Tenka and President Hendrawan Kartika will take on the roles of SIRCLO’s CMO and CFO, respectively. More here

SEA’s VC landscape will soon get more specialised, says ADB Ventures; There is now a rapidly growing pool of young entrepreneurial talent, some of who are moving into sectors that can have a significant impact; The impact VC firm is launching a US$100mn+ debt fund targeting tech startups that are slightly further along the commercialisation lifecycle. More here

Flash Coffee raises US$15mn to take on the likes of Kopi Kenangan in SEA; Investors include White Star Capital, Delivery Hero-backed DX Ventures, GFC; The tech-enabled coffee chain now operates in 50 locations across Singapore, Thailand and Indonesia, with majority of its stores already achieving profitability. More here

‘Microinsurance will play a pivotal role in accelerating financial inclusion in SEA’: Raunak Mehta of Igloo; Insurtechs have to overcome the distribution challenge and identify, develop and grow more avenues for insurance products to be made available to consumers. More here

Singapore startup Glints snags US$22.5mn Series C; Investors include PERSOL Holdings (lead), Monk’s Hill, Wavemaker Partners; Glints is an online platform for career development and recruitment in SEA; The funds will be used to develop new features and expand its presence in Singapore, Indonesia, Vietnam and Taiwan. More here

Singapore-based Circus Social secures US$1mn led by Inflection Point Ventures; The startup allows companies to track competitors, benchmark performance, analyse sentiment and predict trends using AI and Machine Learning; It has clients across multiple industries in over 15 countries in Asia Pacific, including Fortune 500 firms. More here

SEED Ventures’s new fund VDF1 can pay interest-free loan of up to US$38K to startups ‘within 5 days’; Although it won’t be taking any interest from startups, the shareholders will be incentivised with small amounts of equity; VDF1 is receiving interest mostly from F&B companies. More here

Singapore’s fintech Friz raises pre-seed funding from YC, 500 Durians, others; The startup is focused on providing financial services for freelancers; The capital raised will be used for the expansion of its engineering and marketing teams, as well as to expand into markets such as the Philippines and Thailand. More here

Twitter said to have held acquisition talks with Clubhouse on potential US$4bn deal; Twitter, however, has its own product very similar to Clubhouse — Spaces; Clubhouse, meanwhile, just launched the first of its monetisation efforts, Clubhouse Payments, which lets users send direct payments to other creators on the platform, provided that person has enabled receipt of said payments. More here

EY survey: SEA region to generate most M&A opportunities; Driving this acquisition appetite are concerns about tariffs and trade flows, strengthening of technology, talent and new capabilities, and growth into adjacent business sectors or activities; Top investment destinations (cross-border and domestic) among SEA corporates were India, Singapore, Japan, Thailand and China. More here

8 Indian startups join unicorn club this year; Startups that have turned unicorns in 2021 include infra tech provider Infra.Market; health-tech provider InnovAcer; non-bank lender Five Star Business Finance; e-pharmacy API Holdings; social commerce startup Meesho; and fintech companies Digit Insurance, Groww and Cred. More here

Cloud technology is on a rise in SEA; The cloud computing market is expected to reach US$40.32bn by 2025, according to IDC; Startups now no longer compete regionally or locally, but on a global scale and cloud technology offers cost-effective, adaptable, and easy access alternative to the present and future needs of the organisation. More here

Singapore to pump extra US$51mn into Tourism Development Fund (TDF); Initiatives supported by the TDF include the Experience Step-Up Fund; the Kickstart Fund to test innovative lifestyle concepts; and the Training Industry Professionals in Tourism grant, which covers part of the cost of sending employees for tourism-related skills upgrading. More here

How will digital banking benefit Malaysians?; The biggest impact here will be seen in financial inclusion, especially for Malaysia’s underserved and unserved population; Digital banking may also provide better accessibility to those in rural areas who can benefit from similar financial products, as they won’t have to access physical bank branches that are commonly located in urban areas. More here

—

Image Credit: Play Ventures

The post Ecosystem Roundup: Next step for Air Asia super-app ambition, and Play Ventures closes new gaming fund appeared first on e27.

Oyo, a SoftBank-backed Indian budget hotel chain, has dismissed the news  reports that it has filed for bankruptcy after the fallout of a contractual dispute over a claim of US$22,000.

Ritesh Agarwal, founder and CEO of Ayo, stated in a Twitter post dated April 7 that the text messages and documents carrying these claims are “absolutely untrue and inaccurate”

He noted the company has paid the disputed amount and has challenged the claim.

Similar to its counterparts in the tourism industry, Oyo has been hit by the lockdown measures implemented by various countries. Agarwal disclosed in April last year the hotel chain saw its revenues and occupancy rates drop by up to 60 per cent during the height of the pandemic.

However, it seems Oyo is not letting the pandemic headwinds affect them. Last month, its Singapore unit secured a US$204 million loan facility from SB Investment Holdings (UK), a unit of SoftBank. This move is aimed at bolstering Oyo’s operations, which have been hit hard by the COVID-19 pandemic.

Several reports have also noted the company has managed to sustain its gross margin to 100 per cent of pre-COVID-19 levels.

—

Join our e27 Telegram group, FB community or like the e27 Facebook page

Image Credit: Oyo

The post Oyo’s bankruptcy reports are untrue and inaccurate: CEO Ritesh Agarwal appeared first on e27.

In an age of prescribed social distancing, in order for innovative tech solutions to flourish, it is imperative that founders and tech entrepreneurs connect with their audiences. To bridge gaps between corporate buyers and solution providers. This requires strategic networking and the opportunity to showcase one’s products and services in a platform that is reputable, credible, and full of possibilities.

Through strategic matching, technology ventures and startups are not only able to display their solutions to a curated audience of potential corporate buyers and regional investors, but they are also exposed to other new innovations that can help inspire better ideas in the future.

One institution spearheading efforts to connect startups with corporates and investors is the Hong Kong Science and Technology Parks Corporation (HKSTP). HKSTP recently announced that it will be hosting the Global Matching 2021 from 26 May to 2 June 2021. Harnessing its resources as Hong Kong’s innovation hub, HKSTP will be powering the Corporate Innovation Summit, as well as workshops for corporate buyers to drive innovation adoption at speed and scale.

Also read: Malaysian tech companies making waves in Indonesia, shine on a global stage

The 6-day programme offers startups and technology ventures a platform to expand their business network and connect with potential corporate buyers and investors. Local and international technology ventures are invited to submit their online proposals in one of nine designated industry verticals, namely Consumer and Services, Education, Manufacturing and Logistics, Travel and Hospitality, Banking, Financial Services and Insurance, Healthcare, Construction and Real Estate, and Government and Smart City.

Albert Wong, CEO of HKSTP, said, “Entrepreneurs need the right environment to unlock ideas and sustainably bring them into fruition. Pooling our resources of knowledge, network and R&D expertise together, HKSTP is honoured to provide the support for these innovators to be productive and to succeed.”

“This event is a two-way learning ground for entrepreneurs and investors. Our corporate partners get to discover emerging solutions that could potentially fill a need in their industry. Technology creators, on the other hand, gain a swift introduction to regional investors, along with market-entry insights and funding from interested partners. Ultimately, we are able to accelerate the production of solutions that could revitalise and move industries forward with innovation and technology,” added Wong.

What to expect from the Corporate Innovation Summit 2021

Around 300 technology ventures from across the globe are expected to participate in the programme for an opportunity to get matched with potential new corporate customers and partners during the Global Matching sessions.

The event builds upon the success of last year’s virtual Global matching event, which saw over 320 one-on-one matching meetings between 160 global tech ventures and over 200 industry corporates and regional investors. This year’s matchmaking sessions will combine online and onsite business-and-investment matching activities, followed by two-minute pitches to be delivered by shortlisted technology ventures over an online platform.

The pitches will be publicly live-streamed and then made available via video-on-demand, extending the exposure for entrepreneurs to potential investors.

The Global Matching 2021 is now accepting applications from global technology ventures on or before 16 April 2021.

For further event updates and the latest list of corporate buyers and regional investors, please visit our event website.

About Hong Kong Science and Technology Parks Corporation

Comprising Science Park, InnoCentre and Industrial Estates, Hong Kong Science & Technology Parks Corporation (HKSTP) is a statutory body dedicated to building a vibrant innovation and technology ecosystem to connect stakeholders, nurture technology talents, facilitate collaboration, and catalyse innovations to deliver social and economic benefits to Hong Kong and the region.

Also read: KiWi New Energy: Making green energy available to all

Established in May 2001, HKSTP has been driving the development of Hong Kong into a regional hub for innovation and growth in several focused clusters including Electronics, Information & Communications Technology, Green Technology, Biomedical Technology, Materials and Precision Engineering. We enable science and technology companies to nurture ideas, innovate and grow, supported by our R&D facilities, infrastructure, and market-led laboratories and technical centres with professional support services. We also offer value-added services and comprehensive incubation programmes for technology start-ups to accelerate their growth.

Technology businesses benefit from our specialised services and infrastructure at Science Park for applied research and product development; enterprises can find creative design support at InnoCentre; while skill-intensive businesses are served by our three industrial estates at Tai Po, Tseung Kwan O and Yuen Long. More information about HKSTP is available at http://www.hkstp.org/.

– –

This article is produced by the e27 team, sponsored by 
HKSTP

We can share your story at e27, too. Engage the Southeast Asian tech ecosystem by bringing your story to the world. Visit us at e27.co/advertise to get started.

The post HKSTP invites global tech ventures to the Global Matching 2021 appeared first on e27.