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SAFE STEPS: 8 disaster tech startups wow at Echelon X

SAFE STEPS

Ready. Set. Respond.

These are the actions that individuals take when faced with the need to help and support vulnerable communities affected by natural disasters or calamities in today’s world. It is these same actions that guide the values and beliefs of the SAFE STEPS D-Tech Community Hub.

The current generation is met with numerous challenges and problems produced by dynamic and changing climate conditions. According to the Centers for Disease Control and Prevention, there are approximately 400 natural disasters that happen annually as a result of climate change. Additionally, as reported by The Zebra, there are an estimated 218 million people impacted yearly by these calamities.

It is due to such statistics that the SAFE STEPS D-Tech Community Hub is born. Driven by the belief that everyone should always prepare for natural disasters — as well as that it is better to collaborate to address these problems than work alone — the hub is the first globally accessible platform for stakeholders in disaster tech and sustainability to work together towards a more resilient future.

Also read: Check out these key highlights from Echelon X!

To emphasise the need for more collaborative efforts against natural calamities, the hub organised at Echelon X a pavilion exhibit and showcase of its member startups from its community who have established themselves in the space of disaster risk management and reduction in Southeast Asia.

Meet the 8 startups championing various initiatives to address the world’s disasters

1) Wateroam

Co-founded by David Pong, Chong Tee Lim and Vincent Loka, Wateroam is a water innovation company that creates portable water filters to deliver safe drinking water to communities in rural and disaster-affected areas. 

Wateroam has collaborated with organisations such as Red Cross, World Vision and Mercy Relief to provide safe drinking water to 100,000 people in 38 countries. Wateroam has also been recognised as a United Nations Young Leader for Sustainable Development Goal 6 – ensuring safe water and sanitation for all.

2) Castomize

Built by founders Abel Teo and Jia Yee Teo, Castomize is an innovative med-tech startup that employs advanced manufacturing techniques to produce orthopaedic casts that are durable and easy to wear.

The company’s dream is to build a world where everyone – regardless of financial or social status – can access the healthcare needed to live life to the fullest.

3) StratifiCare Pte Ltd

StratifiCare™ specialises in the development and manufacturing of in-vitro diagnostic (IVD) assay solutions for personalised medicine. It is a business primarily led by Anthony Chua and Tiffany Fan Lin.

With over 50 years of combined experience in biomedical research and technology commercialisation, the company is committed to supporting physicians in making informed decisions for individual patient care, thereby enhancing clinical and socioeconomic outcomes.

4) Solnovation Analytics Sdn. Bhd.

Located in Malaysia, Solnovation leverages technology to enable customers to make informed decisions and improve lives in a universally connected ecosystem. It achieves this by providing an industrial IoT platform, visual AI image tools and algorithms to empower those in the sectors of agriculture, commerce, logistics and the like to create data-driven decisions.

Created by Cyril Mathias and Devan Rajam, the goal of Solnovation is to help organisations improve business yield, productivity and efficiency through the use of technology.

Also read: Break boundaries with Ideathon: 2040 Extended Intelligence

5) Usher Technologies

Usher Technologies is a startup based on the values of innovation and social responsibility. The business – which is located in the Philippines – focuses on providing products and services that reinforce the safety and resilience of buildings and similar infrastructures against seismic events such as earthquakes.

Under the leadership of Dr. Francis Uy, Usher Technologies uses structural monitoring and condition-based maintenance to protect urban communities from natural disasters.

6) Bike Scouts

Myles Delfin initiated the Bike Scouts project in the Philippines in 2013. To date, it is the only Volunteer Bicycle Messenger service catering to disaster response at the frontlines of most natural disasters in the communities where the project is based.

The Bike Scouts group believes in using bicycles and social teamwork to deliver help, hope, and courage wherever they operate.

7) TAPP! Global

Established by Ryan Chan and Ee Jayden, TAPP! Global is a company that envisions itself to be the gateway to enhanced networking. It hosts a suite of professional solutions – such as NFC business cards for exchanging of contact information, an AI-powered messaging service for follow-ups of conversations, and a comprehensive analytics dashboard providing networking insights.

TAPP! Global also takes pride in its user-centric design and functionality that help to contribute to a greener planet.

8) Alerto PH

Seeing the need for local government units (or LGUs) in the Philippines to transition towards building smart cities, Cristina Macaraig founded Alerto PH.

Cristina’s startup aims to work closely with the Philippine government to adopt AI-powered IoT technology and digitally transform it to provide safer communities for Filipinos through innovative solutions.

Also read: Taiwanese startups join forces with Southeast Asia to venture into Tokyo, Japan

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To learn more about the D-Tech Community Hub and its member startups, you can visit this link. You can also register here to officially join the community.

The SAFE STEPS D-Tech Community Hub is an initiative by the Prudence Foundation, in partnership with e27, Amazon Web Services (AWS) and the International Federation of Red Cross (IFRC).

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Funding frenzy in SEA: Fintech, proptech, EV startups secure millions

Investors are placing big bets on Southeast Asia’s burgeoning startup scene! This week saw funding flow across various sectors, highlighting the region’s diverse innovation.

Singapore’s Marketnode, aiming to build a multi-asset digital marketplace, secured backing from giants like Temasek and HSBC. Proptech platform WeSale in Vietnam is leveraging AI and automation to streamline real estate transactions.

In the Philippines, Beppo is making accounting and tax compliance a breeze for businesses with its AI-powered solution.

Meanwhile, India is witnessing a surge in electric vehicle (EV) startups. Zypp Electric’s US$15 million Series C funding fuels its mission for carbon-free last-mile delivery, while Turno, an EV financing and distribution platform, secured US$6 million to expand its reach.

This funding spree reflects the immense potential of Southeast Asia’s startups to disrupt industries and create a more sustainable future.

Marketnode (Singapore)

Marketnode is a digital market infrastructure operator aiming to develop a multi-asset ecosystem starting in Asia Pacific. Since 2020, HSBC and Marketnode have been developing a digital market infrastructure that spans credit, funds and structured products.

Funding: Undisclosed
Stage: Series A
Investors: Temasek and HSBC

WeSale (Vietnam)

WeSale is a proptech platform connecting partners, individuals and organisations to project owners and developers. By applying WeCRM technology, real estate transaction tools, and generative AI, WeSale aims to improve the quality of consulting and transparent and effective real estate transactions for members, brokers, business partners and project development units.

Funding: Undisclosed
Round: Seed
Investor: Hitseries Capital (lead).

Beppo (Philippines)

Beppo automates accounting and tax compliance for Filipino businesses and the self-employed. Its AI technology uses OCR (optical character recognition) software to capture data from receipts and categorise transactions, saving time and reducing errors. JuanTax’s acquisition will help Beppo become a one-stop shop for Filipino businesses to manage their finances and navigate tax filing requirements.

Funding: Undisclosed
Round: Pre-seed
Investor: Wavemaker Partners.

Zypp Electric (India)

Founded in 2017 by Akash Gupta and Rashi Agarwal, Zypp is an EV-as-a-service platform aiming to make India carbon-free by leveraging EVs and EV-based technology for sustainable last-mile logistics. Its business model prioritises carbon-free delivery services for local merchants, e-commerce giants, and delivery executives, reducing both delivery costs and pollution.

Funding: US$15 million
Round: Series C
Investors: ENEOS, 9unicorns, IAN fund, venture catalysts, and WFC.

Turno (India)

Set up in April 2022 by former Zoomcar’s C-level executives Hemanth Aluru and Sudhindra Reddy, Bengaluru-based Turno offers financing solutions to SMEs, distributors, logistics firms, and e-commerce operators that plan to buy commercial three-wheeler electric vehicles (EVs).
Buyers can access an array of top original equipment manufacturer (OEM) brands, EV models, and financing solutions on its EV sales platform, which features both online and physical stores.

Funding: US$6 million
Round: Series A+
Investors: B Capital, British International Investment (BII), Quona Capital, and Stellaris Venture Partners.

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Google: AI products, solutions to contribute US$146B to Singapore’s economy by 2030

Eklipse Marketing Manager Jessica Jocenia (left) and Founder Weihan Liew at the Google AI Connect Summit

The Economic Impact Report 2024, commissioned by Google, highlights significant potential benefits from AI adoption in Singapore. Launched during the Google AI Connect Summit, as part of the recent ATx Summit in Singapore, the report estimates that AI-powered products and solutions could contribute S$198.3 billion (US$146 billion) to Singapore’s economy by 2030, nearly 30 per cent of the country’s 2023 GDP.

This projection underscores the importance of effective partnerships with private sector leaders to maximise AI’s economic impact. The report also emphasises Singapore’s strategic positioning within the region to harness AI for economic growth, supported by governmental initiatives to nurture local AI talent and promote adoption across key sectors.

One of the report’s critical findings is the potential to prevent S$18.5 billion (US$13.6 billion) in cybercrime losses by deploying AI-powered cybersecurity measures.

As AI evolves, so do cybercriminals’ tactics. They increasingly use AI to enhance their attacks’ scale, speed, and sophistication. AI’s dual-edged nature necessitates parallel investments in robust cybersecurity infrastructure. Singapore aims to bolster its defences against cyber threats by leveraging AI and aligning its AI development with comprehensive cybersecurity strategies.

Singapore is one of the first countries to introduce a National AI Strategy (NAIS) in 2019 and is investing S$1 billion (US$700 million) to support AI development.

Also Read: Unleashing the power of specialised AI startups in the era of generative AI

Complementing these AI initiatives are efforts to enhance cybersecurity skills and tools. Recognising the increasing threat of AI-enhanced cybercrime, the government is investing S$50 million (US$36 million) to strengthen its cybersecurity workforce. This investment aims to develop a more robust digital ecosystem, equipping professionals with the skills needed to combat sophisticated cyber threats.

Driving AI adoption in Singapore

The report also revealed that AI adoption in Singapore is driven by strong public interest. Seventy-eight per cent of Singaporeans are keen to learn more about the technology, and more than half are already using Generative AI.

This widespread engagement reflects a robust enthusiasm for AI technologies, though a significant emphasis is on responsible AI development. A survey by Ipsos revealed that 38 per cent of Singaporeans prioritise ‘responsible’ AI development, a higher percentage compared to other developed markets such as the UK (29 per cent) and the US (33 per cent).

In the report, Google explains its role in promoting AI adoption in Singapore through collaboration with the Singapore government. This partnership aims to facilitate broader access to AI technologies. For example, Google’s AI system, Gemini, is integrated into popular products such as Gmail, Docs, and Slides.

The economic impact of AI in Singapore is substantial. In 2023, Google said that its AI-powered products and solutions contributed S$14.7 billion to the economy.

Also Read: Unleashing the power of specialised AI startups in the era of generative AI

This significant financial benefit underscores the potential of AI to drive economic growth and improve efficiency across various sectors in Singapore, highlighting the tangible advantages of integrating advanced AI technologies into everyday activities and business operations, the report stressed.

Image Credit: Google

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