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Regional innovation economies collide at the government pavilions in Echelon X

Echelon X

Launch of Digital Village Accelerator (DiVA) Cohort 3 in March this year.n photo: SDEC’s CEO, Sudarnoto Osman (centre) together with DiVA Residents, SDEC and NEXEA representatives.

We’re less than 2 weeks away from Echelon X! Visit Echelon X to learn more about the program. Get your tickets here!

The government plays a crucial role in facilitating and crafting innovation ecosystems. Well-crafted programmes and incentives can create conducive environments through policies, funding, and infrastructure development. Examples include investment in education, research, entrepreneurship programs, regulatory frameworks, and fostering collaboration between academia, industry, and startups.

The result is to facilitate the economy’s growth and attract a hyper-realised network of investors and business support from other nearby ecosystems. As such, participation in regional events and conferences helps boost and accelerate the intended results in less time, evidenced by SDEC’s participation at Echelon X.

A dynamic hub facilitated by active government intervention

A blueprint of active government support, Sarawak Digital Economy Corporation Berhad (SDEC) was incorporated in January 2018 and operationalised in July 2020 as a company wholly owned by the Sarawak Government under the purview of the Ministry of Finance and New Economy.

SDEC is entrusted to lead the implementation of Sarawak’s digital economy initiatives, focusing on the private sector economy. They aim to catalyse an inclusive innovation ecosystem benefitting innovators, start-ups, and digital entrepreneurs. This includes rolling out economic sectors’ commercial projects in partnership with multinational corporations, small and medium enterprises, and the rest of the private sector.

Also read: JDI hosts Vietnam Pavilion: Spotlighting innovation at Echelon X

Further supporting the ecosystem’s growth, SDEC also aims to implement, operate, and maintain Sarawak’s digital infrastructures, engage in research, and accelerate innovation and IPs into the private commercialisation and public sectors.

Some sample programs by Sarawak establish their efforts into realised, vital, and strong digital players. Under digital infrastructure, they are implementing SMART towers and rural broadband networks to strengthen internet access. Technology services and digitalisation consultancy services are also available for the private sector and relevant agencies, and programs centred around innovation and entrepreneurship include accelerator programs, digital malls, digital innovation hubs and other founder-centred programmes.

Universities and labs are also available for research and product development. SDEC also provides the Digital Economy Testbed and Digital Skills & Workforce Transformation offering to help hone technological advancement efforts. Innovators can explore opportunities to interface, strengthen industry linkages, and roll out their R&D results to the public.

Other Digital Economy Projects include:

  • Rabies App
  • MyHappy Pet
  • SD Engage
  • Quantum Vision
  • IoT Smart Farming
  • IoT Technology & Facilities for Inland Fisheries
  • Sarawak Unmanned Aerial System (UAS) Services & Management

As reported by The Edge Singapore in 2024, the Sarawak government is also actively investing in innovation and growing its start-up ecosystem. Thanks to the aid of 22 government and business-funded innovation hubs and a Digital Village, 26 start-ups and 27 high-tech research projects are currently undergoing acceleration towards commercialisation.

Also read: AI4Health Asia Accelerator showcases innovative solutions in healthcare at the culmination event

The Sarawak Digital Economy Blueprint 2030 further outlines its rationale and roadmap to achieving stronger linkages and more success stories. Launched in October 2023, it details how the state will achieve inclusive, responsible, and sustainable socio-economic development.

Explore, grow and develop with the Sarawak Ecosystem

The nurturing of startup ecosystems is at the forefront of the government’s initiatives to forge partnerships, bridge gaps, and enable stakeholders to ensure a competitive, innovative, and inclusive regional landscape. As such, SDEC is looking at programs and initiatives such as hackathons, boot camps, pre-accelerators, and accelerators to partner with at the regional level. SDEC is currently looking at initiatives within Malaysia, Brunei, Indonesia, the Philippines, and Singapore.

They are looking forward to participating in the Government Pavilion, where SDEC will showcase our startups, partners, and initiatives and build relationships with other government agencies, partners, investors, ecosystem players, and participants through networking opportunities.

Their presence at Echelon X marks the beginning of their renewed involvement in the regional ecosystem. SDEC is looking forward to further strengthening its partnership with e27 and other participating agencies and building a more robust ecosystem in Sarawak through other partners’ advice and experiences. 

To provide more context to curious Echelon X participants, Khairool Adzelan Aman, SDEC’s Manager for Ecosystem Development and Digital Innovation, will be part of a panel titled “Driving Impactful Innovations in the New Economy in Malaysia.” The panel aims to shed some light on what’s happening in Malaysia lately. For this segment, our moderated panel will jump into the country’s growing economic landscape and potential for driving impactful innovations in Southeast Asia. The session will discuss Malaysia’s efforts to embrace digital transformation, foster innovation, and build a sustainable economy in the post-pandemic era.

Also read: Discover promising early-stage startups across Southeast Asia with A2D Ventures

Sarawak Digital Economy Corporation is one of the many exciting industry leaders from across the Southeast Asian region who will be joining us for Echelon X. Joining them are other key leaders, visionary entrepreneurs, and groundbreaking startups from all corners of the region who will be gathering together for two packed days. Echelon X will feature dedicated content stages, exhibitions, panel discussions, and more — all to support and empower the tech startup ecosystem with actionable insights through a series of knowledge-sharing activities.

Whether you’re eager to expand your knowledge, network with key players from the tech startup scene, or showcase your innovative ideas, Echelon X offers an unparalleled experience. Join us as a participant or an official partner by securing your spot now on our official page. Together, let’s embark on a journey to shape the future and create a lasting impact.

Join us at Echelon 2024, where innovation knows no limits, and the possibilities are endless!

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Vietnam’s language learning, test preparation platform Prep raises US$7M in Series A

Prep, a Vietnam-based language learning and test preparation platform, has raised US$7 million in Series A funding, co-led by Cercano Management Asia (formerly known as Vulcan Capital) and Northstar Ventures.

Touchstone Partners, East Ventures, and Saison Capital also participated.

The capital will allow Prep to expand its team, refine its learning tools, and expand into other language products and new markets.

Also Read: Edutech war: How NativeX is taking on the likes of ELSA, Duolingo in Vietnam

Founded in 2020 by CEO Tu Pham and CTO Nam Tran, Prep is an online language learning and test preparation platform that helps learners of all ages reach their full potential. Its current offerings include personalised study plans, interactive learning content, and AI-powered test and role-playing rooms.

In 2022, the edutech startup released its AI-powered virtual speaking room, which it claims helped multiply revenue by 3x in three months. Together with its AI-powered virtual writing room, this feature enables the company to deliver “high-quality” education at a fraction of the average cost learners would pay.

“The ultimate vision of Prep is to enable every learner to feel as if they have a dedicated personal teacher and mentor to help them achieve their learning targets. This new investment is an important milestone for us in realising this vision,” said Tu Pham.

Also Read: Startup investments in Vietnam see 39% drop in Q1

“Quality education made more accessible through technology has been a segment of emphasis for us. Prep’s application of technology to drive positive outcomes for language learning and standardised test preparation has been one of the best we have seen from the region,” said MJ Yu, Managing Director of Cercano Management Asia.

X marks Echelon. Join us at Singapore EXPO on May 15-16 for the 10th edition of Asia’s leading tech and startup conference. Enjoy 2 days of building connections with potential investors, partners, and customers, exploring innovation, and sharing insights with 8,000+ key decision-makers of Asia’s tech ecosystem. Get your tickets here.

Want more from your Echelon experience? Be an Echelon X sponsor or exhibitor. Send enquiry here.

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Ecosystem Roundup: Binance founder faces the music | Microsoft to invest US$2.2B for Malaysia’s AI infra | Betagro launches US$30M VC fund


Dear reader,

Changpeng Zhao, the once-celebrated figurehead of Binance and a prominent name in the cryptocurrency realm, now faces a four-month prison sentence after admitting to violating US money laundering laws.

This development not only marks a significant chapter in the ongoing narrative of regulatory scrutiny surrounding crypto exchanges but also underscores the repercussions for those who disregard legal frameworks.

Despite being spared the harsher three-year term sought by prosecutors, Zhao’s sentencing serves as a stark reminder of the accountability demanded of industry leaders. Judge Richard Jones, in delivering the verdict, emphasised Zhao’s failure to prioritize regulatory compliance over Binance’s expansion, highlighting a pervasive issue within the sector.

The sentencing also sheds light on the broader challenges facing the cryptocurrency industry, as it grapples with regulatory scrutiny and strives to establish trust among investors.

As Zhao faces the consequences of his actions and Binance navigates a path toward redemption, the industry braces for heightened regulatory scrutiny.

Zhao’s case serves as a cautionary tale, emphasizing the necessity of stringent compliance measures in an evolving financial landscape.

Sainul,
Editor.

——-

NEWS

Binance crypto founder Zhao sentenced to four months in prison
Prosecutors said Binance employed a “Wild West” model that welcomed criminals, and did not report more than 100,000 suspicious transactions with designated terrorist groups including Hamas, al-Qaeda and Islamic State.

GoTo narrows adjusted losses by 89%, boosts gross revenue by 18% in Q1
The company remains on track to meet its target “to maintain adjusted EBITDA profitability for the full year of 2024,” according to CFO Jacky Lo.

Microsoft to empower 2.5M Southeast Asians with AI skills by 2025
Microsoft aims to build an inclusive, AI-ready workforce; bridge the cybersecurity talent gap; enhance developers’ AI skills; and empower nonprofits to maximise their social impact.

Betagro launches US$30M foodtech, agritech VC arm
Betagro Ventures will focus on projects that tackle consumer access to safe and high-quality foods, support green protein sources, and create green agrifood supply chains.

Microsoft to invest US$1.7B for AI, cloud infrastructure in Indonesia
The company will also facilitate AI skills training for 840K Indonesians; AI is estimated to contribute nearly US$1T to SEA’s GDP by 2030, with Indonesia poised to capture US$366B of that figure.

Microsoft to invest US$2.2B for Malaysia’s AI infrastructure
Similar to its Indonesia pledge, this would mark Microsoft’s largest single investment in Malaysia; Part of its strategy is to offer AI education to 200,000 Malaysians, with the southern region of Johor expected to become an AI hub.

SGX-listed 17Live posts 26% rise in 2023 adjusted earnings, revenue falls
Revenue for the period fell 23% to US$279M; The 37% uptick in operating income was attributed to effective cost discipline and heightened focus on returns on investment.

Indonesia’s Vidio aims to double subscribers to 8M ahead of IPO
Despite higher paid subscriptions, Vidio comes in second to Netflix on metrics like premium viewership and monetisation, per data from consulting and research firm Media Partners Asia.

Razer ordered to refund US$1.1M for misleading mask marketing
The US Federal Trade Commission accused Razer of marketing its masks as N95-grade without undergoing the necessary testing and certifications from the country’s authorities.

Ninja Van lays off about 10% of regional tech team
‘Following a recent cost evaluation, it was determined that less than 10% of the region’s tech team is no longer required’, a Ninja Van spokesperson confirmed to Tech in Asia.

eFishery CFO Dhianendra Laksmana steps down
The Indonesian aquaculture unicorn said he resigned due to personal reasons and preferences; During his time at eFishery, Laksmana spearheaded initiatives that expanded the company’s financial reach and operational capabilities.

Talino Venture Studios launches, invests in inclusive instant payment system Higala
An inclusive instant payment system, Higala connects thrift banks, rural banks, and microfinance institutions currently excluded from payment networks because of high switching and on-ramp costs.

Openspace leads Series funding round of HK-based Fano Labs
HSBC and Greater Good Investment are the other backers; Fano offers “language AI technologies” including an AI transcriber, chatbot, and voicebot that can handle conversations in multiple languages or even involve specific dialects.

Ex-AWS exec launches startup to power enterprise systems with AI
Bernard Leong’s startup Dorje AI aims to build a financial enterprise resource planning system powered by AI; Dorje AI is in the product testing phase but is accepting waitlist signups on its website.

DailySocial.id pivots to AI-powered research, consultancy with DiscoveryShift
Indonesia-based DailySocial.id laid off all of its staff as part of a major restructuring; DiscoveryShift said in a statement that its offerings range from strategy development to operational implementation.

Twitch launches TikTok-like short-video feature
Unlike traditional Twitch livestreams, which focus on long gaming or vlogging sessions, Discovery Feed shows users brief highlights from these lengthy videos; This comes just days after the US passed a bill that would ban the Chinese short-video app unless sold.

FEATURES

‘Future of fintech innovation will be a constant dance between progress and security’
AI enables real-time analysis and automated responses to potential fraud and it has the ability to adapt and learn from new fraud patterns continuously.

Here are the five innovative startups we met at Hong Kong Science and Technology Park
Since its launch in 2001, HKSTP has groomed 12 unicorns, over 14,000 research professionals, and over 1,700 startups from 27 countries.

Vatic AI to focus on financial services clientele following appointment of new President & CEO Dilip Krishnan
Vatic AI aims to leverage its Qscore product, which utilises AI to predict the credit qualifications of anonymous online audiences.

These 7 tech titans are empowering your business with reliable cloud services
The popularity of cloud services stems from various factors, including cost-effectiveness, flexibility, and scalability.

FROM OUR CONTRIBUTORS

Can a small business owner be sustainable in a sustainable manner?
As a business owner, I’m always seeking ways to make my business practices more sustainable while maintaining cost-effectiveness.

Bridging the skills gap: Tailored L&D programs for cultivating top tech talent in Asia
Modern neuroscience offers fascinating insights that can drastically improve how we approach Learning and Development (L&d) in tech.

Unlocking agritech’s potential: Can Southeast Asia rise to the challenge?
In an era where agriculture both drives and bears the brunt of climate change, digital technologies offer a path to empowerment.

Beyond growth: Why succession planning matters for startups
Implementing a robust succession plan helps startups maintain a talent pipeline, retain institutional knowledge, and ensure seamless transitions.

How these firms streamline businesses and power innovation in API economy
Discover how these 7 API companies are reshaping industries, streamlining business operations, and driving innovation in the digital economy.

Charting the roadmap for the era of pervasive AI
Leaders need to grasp the current AI landscape, its key technologies, opportunities, and how organisations can advance AI technology.

How sustainability reporting and supply chains can drive ASEAN’s competitiveness
Sustainability equals profitability in the long run, urging ASEAN to prioritise green manufacturing for global competitiveness.

The death of distance: How innovation is resolving cross-border payment hurdles
The advent of fintech has ushered in a paradigm shift in cross-border payments, rendering the concept of distance obsolete.

FROM THE ARCHIVES

FlyORO soars into green skies with its sustainable aviation fuel blending solutions
Insights into FlyORO’s technology roadmap reveal a focus on modular SAF blending services, aiming for greater efficiency and substantial carbon emission reductions.

The climate change and gender equality connection: How to support underfunded women-owned business
While there is a distinct relationship between gender inequality and climate change, investment mandates rarely combine both of these lenses.

Wildfire Energy aims to eliminate landfills by turning residual wastes into renewable energy, hydrogen
Wildfire Energy has developed modular plants which can be easily deployed and used to convert biomass and waste into renewable energy products at low cost.

Startup funding rounds: A handbook from seed to exit
Funding rounds mark important milestones for a private business as it often comes up with a new valuation of the firm in the market.

Kampd intends to reshape professional networking with a unique approach
The startup’s mission is to provide purposeful content, solve the challenge of fragmented business content, and differentiate from platforms like LinkedIn.

How AI breaks ground in bridging the mental health care divide
We’re at the precipice of what could be a seismic shift in how we understand and address mental health.

Hacking your way into angel impact investing with just US$10K
As the Head of Special Projects at Top Tier Impact, I will give you these much-needed tips on how to start angel impact investing.

Crowdfunding for startups: Where to begin and how to go about it
Crowdfunding changes the game by reducing dependence on conventional and sometimes exclusive means of financing.

As Glints CTO, this is what I want you to know about building an engineering team in Southeast Asia
There are two lessons that I learned the hard way when building Glints engineering team in this region.

NFTs for fundraising: What you need to know before jumping on the bandwagon
When it comes to using NFTs for fundraising, there are success stories, but there are also lessons for the rest of us.

Embracing AI’s promise: Navigating the future of marketing
In an era where AI is reshaping the marketing industry, we explore how marketers, particularly in Singapore, can unlock AI’s potential.

Embracing global entrepreneurship: Redefining startup success beyond Silicon Valley
Throughout our quest to support founders, we have found that a collaborative and strategic approach is always required when building startup communities.

ECHELON

JDI hosts Vietnam Pavilion: Spotlighting innovation at Echelon X
JDI unveils Vietnam’s tech pioneers at Echelon X, showcasing the vibrant tech startup ecosystem and their role as venture catalysts.

Discover promising early-stage startups across Southeast Asia with A2D Ventures
Startups need all the support they can for fundraising, and A2D Ventures offers access to world-class investors in one platform.

Empowering financial resilience with Moomoo Singapore
Learn how Moomoo created a super app that can capture global financial markets in your pocket and invest the smarter way.

X marks Echelon. Join us at Singapore EXPO on May 15-16 for the 10th edition of Asia’s leading tech and startup conference. Enjoy 2 days of building connections with potential investors, partners, and customers, exploring innovation, and sharing insights with 8,000+ key decision-makers of Asia’s tech ecosystem. Get your tickets here.

Want more from your Echelon experience? Be an Echelon X sponsor or exhibitor. Send enquiry here.

The post Ecosystem Roundup: Binance founder faces the music | Microsoft to invest US$2.2B for Malaysia’s AI infra | Betagro launches US$30M VC fund appeared first on e27.

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VC surge: Southeast Asian startups secure substantial investments

This week witnessed a surge in venture capital investments in Southeast Asian tech startups, reflecting the region’s growing prominence in the global tech landscape. Notable companies include Thrixen, Higala, and Fano Labs.

Below are the brief profiles of the investors/companies that invested in regional startups this week.

22Health Ventures

It is an early-stage healthtech investment firm deeply embedded in Singapore, providing accelerated access to the US. It invests in entrepreneurs and technologies changing the future of health across three themes: empowering health decisions, enabling emerging treatments, and supporting healthy ageing.

This week, 22Health invested in Thrixen, a Singapore-based company that is developing a diagnostics platform for infectious diseases.

Talino Venture Studios

Talino Venture Studios is a global venture studio for inclusive fintech. Born in the intersection of Silicon Valley and Southeast Asia, Talino aims to bridge financial inclusion for over 1.7 billion people around the world. It uses the venture studio model to build repeatable, scalable, and profitable fintechs that empower underserved, underrepresented groups around the world with financial access and mobility.

This week, Talino launched and invested in the inclusive instant payment system Higala.

Cercano Management Asia

Founded in 2022, Cercano Management is a private investment fund based in the US. The firm primarily invests in healthcare, software, media, data intelligence, mobile networks, semiconductors, alternative energy sectors, infrastructure, energy and natural resources, education, consumer, financial services, telecom and communications sectors, information services, and life sciences.

Northstar Ventures

It works with mission-based founders targeting high-growth markets in healthy ageing, the future of work and learning, the future of place, and climate tech.

Touchstone Partners

Founded in 2020, Touchstone Partners is a venture capital firm headquartered in Ho Chi Minh, Vietnam. It seeks to invest in early-stage companies operating in the fintech, health technology, educational technology, supply chain and deep-technology sectors.

East Ventures

East Ventures is a sector-agnostic venture capital firm. Founded in 2009, East Ventures has transformed into a holistic platform that provides multi-stage investment, from seed to growth-stage investments, for over 300 tech companies across Southeast Asia. It also has business operations in Japan.

Saison Capital

It is the Japanese firm Credit Saison’s VC arm. Saison Capital invests in pre-seed to Series B companies globally, with a focus on Southeast Asia and India. Its portfolio covers all verticals, including but not limited to fintech, e-commerce and Web3.

This week, Cercano, Northstar, Touchstone, East Ventures, and Saison Capital invested in Vietnamese edutech firm Prep.

Openspace Ventures

Openspace provides venture capital funding to back companies in Southeast Asia. By focusing on the fundamentals and with a wide-scale operations team, it actively partners with its 45+ portfolio companies to help build viable and responsible B2B and B2C businesses. It is co-headquartered in Singapore and Jakarta, with active offices in Bangkok, Manila, and Ho Chi Minh City.

This week, it invested in Fano Labs.

X marks Echelon. Join us at Singapore EXPO on May 15-16 for the 10th edition of Asia’s leading tech and startup conference. Enjoy 2 days of building connections with potential investors, partners, and customers, exploring innovation, and sharing insights with 8,000+ key decision-makers of Asia’s tech ecosystem. Get your tickets here.

Want more from your Echelon experience? Be an Echelon X sponsor or exhibitor. Send enquiry here.

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The future of fintech innovation will be a constant dance between progress and security: AND Global

Nemekhbayar Luuzan, Lead Information Security Officer at AND Global

Despite technological advancements, incidents of cyber crimes are on the rise globally, including in Singapore. Cybercriminals use sophisticated tactics to steal confidential information, resulting in billions of dollars in annual financial losses. According to the Singapore Police Force, the number of scam and cybercrime cases in Singapore rose 49.6 per cent to 50,376 in 2023 from 33,669 in 2022.

Identifying potential threats early on is an effective way to address this challenge. But how can organisations identify threats and act upon them?

In this interview, Nemekhbayar Luuzan, Lead Information Security Officer of Singapore-based AND Global, discusses how organisations can maintain privacy and data security in an era of digital innovation and AI and how to identify and protect themselves from attempted scams.

Edited excerpts:

How alarming is the rise of cybercrimes globally, such as phishing and smishing scams?

The rise of cybercrimes, particularly phishing and smishing scams, is extremely alarming. I have witnessed firsthand the increasing prevalence of these scams targeting individuals and businesses alike. Their sophisticated tactics aim to steal confidential information, resulting in billions of dollars in annual financial losses. This highlights the urgent need for robust cybersecurity measures.

With the rise of phishing and smishing scams targeting businesses and individuals, how can companies educate their clients to recognise and thwart such attempts? What role does AI play in enhancing security measures, particularly detecting and preventing fraudulent activities?

To combat these threats effectively, organisations must adopt a proactive approach. This includes robust security protocols like data encryption and multi-factor authentication. Minimising data collection, patch management, and regular system updates are also crucial. Building user awareness is essential.

Also Read: What if cybersecurity included everyone it protects?

We at AND Global utilise various channels to educate our clients on recognising and thwarting phishing and smishing attempts. We also conduct phishing simulations to test and improve client awareness.

AI technologies enhance security by enabling real-time analysis and automated responses to potential fraud. AI’s ability to adapt and learn from new fraud patterns continuously strengthens our security frameworks.

As an expert in fintech and banking, how do you foresee the future of digital innovation intersecting with the imperative of safeguarding personal and financial data?

The future of digital innovation in fintech will be a constant dance between progress and security. Here are some key trends I foresee:

Privacy-enhancing technologies (PETs): Techniques like homomorphic encryption and secure multi-party computation will enable advanced financial services without compromising data privacy. Users will retain control over their data while institutions can perform necessary analytics.

Biometric authentication: Advancements in biometrics like facial recognition and iris scans will offer stronger authentication methods, reducing reliance on passwords vulnerable to phishing. However, robust regulations will be needed to ensure user consent and prevent misuse.

Decentralised Finance (DeFi): DeFi promises a more democratised financial system, but security risks are high. Collaboration between regulators and innovators will be crucial to developing secure DeFi protocols that balance innovation with consumer protection.

How does AND Global adapt its security protocols to meet each market’s specific challenges and regulatory environments?

We operate globally, so our security protocols flex to fit each market’s unique needs.

Regulation-savvy: We map local data privacy laws (like GDPR and CCPA) and adjust protocols accordingly.

Local experts: Regional security teams and consultant partnerships keep us informed of regional threats.

Data on lockdown: Data localisation, minimisation, and privacy-enhancing technologies (like homomorphic encryption) bolster security in regions with stricter regulations.

Clear communication: Localised policies and multilingual support ensure clients understand their rights and how we protect their data.

Scalable security: Our adaptable architecture allows us to integrate additional security measures required in specific regions.

This ensures our security stays strong and compliant no matter where you are in the world.

Can you elaborate on AND Global’s approach to maintaining a balance between efficiency and security in its financial solutions, especially amid rapid technological advancements?

We understand the need for both robust security and efficient financial solutions, especially as technology advances rapidly. Here’s how we achieve this balance:

Security by design: We integrate strong security features from the very beginning of product development. This includes secure coding practices to minimise vulnerabilities, encryption of data at rest and in transit, multi-factor authentication (MFA) for user access, and automated security testing to identify and address potential issues early on.

Also Read: The perils of oversharing: How social media feeds cyberattacks

Leveraging automation for efficiency: We utilise automation tools for tasks like user onboarding and verification, transaction processing and fraud screening, security incident response, and security patch management. This streamlines processes without compromising security.

AI-powered security solutions: We implement AI-powered security solutions for real-time anomaly detection to identify suspicious activity, behavioural analytics to assess transaction risk profiles, and machine learning-based fraud detection to deter fraudulent transactions. AI helps us work smarter, not harder, in identifying and preventing threats.

Risk-based authentication: We implement risk-based authentication, where the level of authentication (e.g., single vs. multi-factor) is based on the perceived risk of the transaction. This allows for a balance between security and user experience.

Security as a shared responsibility: We foster a culture of security awareness among employees and educate clients on best practices for protecting their accounts. We encourage clients to report suspicious activity promptly.

Continuous improvement: We regularly review and update security protocols to stay ahead of evolving threats. This includes conducting security audits and penetration testing and staying up-to-date on the latest security trends and technologies.

Adapting to technological advancements: We constantly monitor emerging security threats associated with new technologies. We also stay updated on advancements in security solutions, explore their integration with existing security frameworks and invest in ongoing training for the security team to ensure they have the expertise to manage new threats and technologies.

Given the significant increase in scam and cybercrime cases, how does AND Global collaborate with law enforcement agencies and regulatory bodies to effectively combat such threats?

Reporting suspicious activity: We have robust procedures for identifying and reporting suspicious activity to relevant law enforcement agencies. This allows for swift investigation and potential apprehension of criminals.

Also Read: Digital scams are on the rise – Is Asia ready for the fight?

Information sharing: We actively participate in information-sharing initiatives with regulatory bodies and industry peers. Sharing knowledge about new scams and attack vectors helps build collective defences.

Regulatory compliance: We adhere strictly to evolving financial regulations, including anti-money laundering (AML) and Know Your Customer (KYC) guidelines. This helps deter illegal activities and fosters trust in the financial system.

X marks Echelon. Join us at Singapore EXPO on May 15-16 for the 10th edition of Asia’s leading tech and startup conference. Enjoy 2 days of building connections with potential investors, partners, and customers, exploring innovation, and sharing insights with 8,000+ key decision-makers of Asia’s tech ecosystem. Get your tickets here.

Want more from your Echelon experience? Be an Echelon X sponsor or exhibitor. Send enquiry here.

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BEYOND Expo and Asian Family Legacy Foundation to co-host exclusive Wealth Summit

BEYOND Expo, Asia’s premier technology event, and the esteemed Asian Family Legacy Foundation are pleased to announce the co-hosting of the BEYOND Wealth Summit 2024, under the theme “Navigating the Complexities of Modern Wealth”. This invite-only summit, tailored exclusively for allocators such as family offices and institutional investors is a pivotal component of BEYOND Expo 2024 (May 22-25). Taking place on May 24, 2024, at The Venetian Macao Convention and Exhibition Centre, Macao, the BEYOND Wealth Summit will explore global investment trends, family legacy preservation, philanthropy, purpose-driven wealth, etc.

Navigating the complexities of modern wealth is not just a matter of financial acumen, it is a journey through shifting landscapes, evolving technologies, and dynamic global economies. The BEYOND Wealth Summit is designed to serve as a compass, guiding attendees through this intricate terrain with precision and insight.

BEYOND Wealth Summit promises elite discussions led by global leading allocators and industry experts intended to shape lasting impact in the ever-evolving landscape of global wealth management. It aims to foster stronger connections with these decision-makers through the summit.

The BEYOND Wealth Summit proudly anticipates a gathering of more than 200 distinguished global allocators, highlighting the event’s significant global footprint. Among these allocators, we expect to welcome over 150 esteemed family offices from 30 different countries and an impressive collective of more than 50 institutional investors, including endowments, pensions, corporate venture capitals, and sovereign wealth funds. This convergence of financial acumen and global perspective underscores the summit’s prominence as a nexus for investment expertise. Participants will harness this platform to share insights and cultivate relationships with esteemed global allocators. The rich diversity of the gathering spotlights the BEYOND Wealth Summit’s role as a leading summit in wealth management, marking its global relevance.

“We are excited to partner with the Asian Family Legacy Foundation to co-host the BEYOND Wealth Summit 2024. Through this transformative event, our commitment lies in delivering impactful sessions customized for global family offices and LPs. Together, we unite esteemed global families and top investors to tackle the complexities of modern wealth management, and our mission is to equip attendees with the necessary knowledge and resources to navigate this multifaceted landscape with confidence and achieve success.” – Jason Ho, Co-founder of BEYOND Expo.

Also Read: ‘We want to treat our customers like educated LPs of a fund’: Michael Do of wealthtech startup 1Long

“We are thrilled to co-host the BEYOND Wealth Summit alongside Beyond Expo, an alliance that resonates deeply with the mission of the Asian Family Legacy Foundation. Together, we are dedicated to fostering a trusted circle for the world’s distinguished families. Through the summit, we aim to facilitate meaningful dialogues that navigate the complexities of wealth and legacy, while fostering impactful global connections. It is our collective vision to help craft lasting family legacies that not only stand the test of time but also contribute to a rich cultural and societal tapestry for future generations.” — Michael Zhu, Chair of Board of Directors at the Asian Family Legacy Foundation

Discussion topics at the BEYOND Wealth Summit will span investment strategies in the AI era, navigating cross-border asset allocation strategies, exploring opportunities and challenges in emerging markets, and delving into the evolving landscape of impact investing and ESG considerations.

LPs and family offices can expect:

1. Closed-door discussions focusing on global investment strategies.
2. Insightful sessions covering legacy preservation, next-gen wealth management, and more.
3. Exploration of various topics including impact investing, art, philanthropy, and beyond.
4. Invite-only networking opportunities in a private, laid-back environment tailored for global allocators, including family offices, institutional investors and other LPs.

In addition, BEYOND Expo 2024 offers exclusive summit and events tailored for investors and GPs alike throughout the expo period, from May 23-25, including Global Investment Summit, Investor Lounge, Gala Dinner, and the invite-only Charity Poker Night for investors. These opportunities allow GPs and investors to engage with industry experts and network with peers while exploring investment prospects. Moreover, the broader expo provides a platform for LPs, GPs, and the wider community to convene and exchange insights, fostering collaboration and growth in the wealth management landscape.

To register for the BEYOND Wealth Summit – LPs and Family Offices only:
View the full schedule of BEYOND Wealth Summit speakers and events, and to request an invitation, please visit here.

To register for the Investor Pass at BEYOND Expo 2024 – GPs and investors:
Secure your Investor Pass now to take advantage of the early-bird offer. Don’t miss this opportunity to connect and network with peers, LPs, and the broader tech and innovation community. Book your pass here.

Also Read: Monk’s Hill, Iterative back Vietnamese wealth management startup 1Long

About BEYOND Expo

The BEYOND International Technology Innovation Expo (BEYOND Expo) is Asia’s leading annual technology event. Serving as a dynamic platform since 2021, BEYOND Expo not only showcases global technological innovations but also provides a unique opportunity to foster innovation upgrades across diverse industries and regions. BEYOND Expo has attracted participation from Asia’s Fortune 500 companies, multinational corporations, unicorn companies, and emerging startups. Through a multifaceted approach involving expos, summits, and various activities, BEYOND Expo has successfully cultivated an innovative ecosystem, propelling collective development in the Asia-Pacific region and the global technology innovation industry.

About Asian Family Legacy Foundation

Established in Hong Kong, the Asian Family Legacy Foundation is focused on fostering a circle of trust for world’s distinguished families. We facilitate meaningful dialogues to navigate the complexities of wealth and legacy, fostering impactful connections.
Our mission is to deepen family bonds and instill a sense of shared legacy through giving back, with a commitment to integrity, responsibility, and innovation. We aim to blend tradition with modernity, creating a lasting family legacy that contributes to a rich cultural and societal future.

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JDI hosts Vietnam Pavilion: Spotlighting innovation at Echelon X

JDI

Visit Echelon X to learn more about the program. Get your tickets here!

Vietnam has emerged as a thriving hub of innovation, drawing attention from investors and strategic partners worldwide. According to the Asian Development Bank, investments in Vietnamese tech startups skyrocketed to a record high of $1.4 billion post-pandemic. This surge underscores Vietnam’s commitment to nurturing dynamic, fast-growing enterprises that leverage technology, intellectual property, and innovative business models.

At the upcoming Echelon X, the Vietnam pavilion, hosted by JDI, will take centre stage. The pavilion Q7 will showcase a diverse array of startups representing the country’s burgeoning tech scene. These startups are poised to disrupt various industries with their groundbreaking solutions and fresh perspectives and will be sharing on Pitch Stage on Day 15 of May, from 10:30 to 11:30 a.m.

Also read: AI4Health Asia Accelerator showcases innovative solutions in healthcare at the culmination event

Connect with the most promising startups from Vietnam

JDI introduces to Echelon X 7 of the most promising startups from the 3 biggest cities of Vietnam, spanning diverse technology solutions such as CRM, AI, Martech, Customer Experience (CX), and more!

  • BigLead.live: CRM Messaging Platform

Biglead.live stands as a comprehensive CRM Messaging platform, streamlining customer interactions across various channels. Through this unified platform, business owners can engage in live chat sessions and efficiently manage customer inquiries by sending omnichannel messages via Facebook, Zalo, SMS, calls, and emails. As a part of the iDO company, Biglead extends internet marketing services tailored for small and medium enterprises (SMEs). The platform empowers business owners with essential features such as live chat capabilities, customer labelling, audience segmentation, and marketing automation across all online channels. Biglead’s reach spans both online and offline domains, including popular platforms like Facebook, Instagram, Line, Zalo, and WhatsApp, as well as innovative offline avenues such as AI-powered store cameras and WiFi marketing. With a focus on markets in Vietnam, Asia Pacific (including Thailand, Malaysia, Indonesia), Japan, Korea, and the USA, Biglead.live offers a versatile solution for businesses seeking efficient customer engagement and marketing automation.

Learn more: https://www.youtube.com/watch?v=a6klrdm27oA  

  • BowNow: Cloud CIRCUS’s latest offering, is a game-changer for B2B medium-sized enterprises seeking affordable and user-friendly marketing automation solutions. 

As part of Startia Holdings, listed on the Tokyo Stock Exchange, Cloud CIRCUS brings a wealth of expertise to the table, serving over 35,000 customers with its suite of 11 SaaS products. BowNow, launched in Vietnam and Thailand in 2021, streamlines lead tracking and marketing activities, enabling businesses to nurture customer relationships and drive sales without the need for extensive resources. With BowNow, users have reported impressive results, including up to a 4.5x increase in business negotiations, a 47% boost in order value, and a 33% reduction in marketing costs. It’s the perfect solution for businesses looking to accelerate their digital transformation journey and see tangible returns on investment quickly.

Learn more: https://cloudcircus.jp/ 

  • EM&AI: The comprehensive AI SELF-SERVICE solution aiming to Enhance the Vietnamese customer experience.

Discover the hidden technologies driving efficiency, personalisation, and exceptional customer experiences of many top enterprises in Vietnam. From AI-powered voice-enabled chatbots to advanced analytics, uncover the secrets behind successful contact centres and explore how they are reshaping the future of customer service. Join us on a journey to unveil EM&AI – the startup is transforming the way businesses engage with their customers in the digital age.

Learn more: https://emandai.net/en/ 

  • ENOSTA GROUP: Innovative IT solutions driving business growth and community advancement. 

With a focus on two key brands, Smartos and Enosta, the group delivers cutting-edge solutions tailored to modern business needs. Smartos revolutionises rental real estate management through a blend of PropTech and FinTech, offering SaaS solutions, bespoke technology, and Enouvo Space, transforming idle real estate into profitable rental spaces, with deployments across 150+ locations managing nearly 4,000 rental apartments nationwide. Meanwhile, Enosta serves as a purpose-driven product acceleration company, guiding tech-driven products from concept to market launch and beyond. Offering a comprehensive suite of services including product design, development, branding, and marketing, Enosta empowers businesses to realise their digital visions. 

Learn more: https://smartos.space/en/  and https://enosta.com/ 

  • Filum: Harnessing the power of cutting-edge technology and innovative solutions.

Founded by a team of Silicon Valley and Vietnam-based entrepreneurs, the company harnesses the power of cutting-edge technology and innovative solutions to revolutionise the way businesses operate in the digital age. With a focus on sustainability and efficiency, Filum specialises in providing bespoke software solutions tailored to meet the unique needs of clients across various industries. The team of seasoned experts combines expertise in software development, data analytics, and artificial intelligence to deliver scalable and reliable solutions that drive growth and streamline operations. Committed to pushing the boundaries of what’s possible, Filum empowers businesses to thrive in a rapidly evolving landscape.

Learn more: https://www.filum.ai/ 

  • OLLI: Transforming Toys into Interactive Learning Companions

Olli is committed to democratising advanced digital companionship by offering affordable technology solutions to individuals and organisations. In the past six years, we’ve spearheaded AI development with successes like the Smart Speaker, dominating Vietnam’s smart home market. Recognising the growing issue of speech delays in children due to excessive screen time, we introduced BuddyOS—a cost-effective solution for toy manufacturers. BuddyOS transforms traditional toys into interactive companions, fostering language development and turning playtime into learning experiences, bridging the gap between classic toy craftsmanship and cutting-edge AI technology.

  • OPLA CRM: Innovative and user-friendly sales solutions for B2B companies

OplaCRM is an innovative sales CRM that offers specialised sales solutions for B2B companies, established by Mr. Stephen, who has more than 10 years of experience advising multinational corporations on CRM solutions. Developed based on the criteria “innovative – easy”, OplaCRM is appropriate to all B2B businesses required to organise sales activities professionally and effectively.

Learn more: https://www.oplacrm.com/en 

Evolving ecosystems need the right experts to accelerate growth

A robust innovation ecosystem hinges on providing startups with essential support and resources to navigate the complexities of launching and scaling a business. Successful venture catalysts leverage their expertise and international connections to offer critical assistance, fostering innovation, creating job opportunities, and driving economic growth within their communities. By mitigating early-stage risks and increasing the likelihood of success, these catalysts propel founders toward disruptive growth.

Also read: Discover promising early-stage startups across Southeast Asia with A2D Ventures

Organizing the Vietnam Pavilion at Echelon X presents an exhilarating opportunity for the delegation of innovative tech companies from Vietnam. As Venture Catalysts, JDI is eager to leverage on this partnership with e27 to enhance the visibility and facilitate impactful collaborations. JDI anticipates fostering rich cross-pollination between the vibrant innovation ecosystems of Vietnam and Singapore, driving mutual growth and innovation across the ASEAN region.

About JUMPSTART DISRUPTIVE INNOVATIONS (JDI): A venture catalyst driving forward the future of innovation.

JDI does this through its five (5) business units: Launch JDI, Talent JDI, Tech JDI, Venture JDI, and Capital JDI. Launch JDI focuses on Vietnam market expansion, corporate services, as well as community building and partnerships; Talent JDI provides HR-based services for hiring talent & EOR; Tech JDI supports businesses with developing great tech solutions; Venture JDI is dedicated to building new ventures, and Capital JDI focuses on fundraising advisory and deploying venture capital.

With strategic partners across the globe, JDI combines global expertise with local knowledge to empower businesses to build, grow, and scale across Southeast Asia.

Join us at Echelon 2024, where innovation knows no limits, and the possibilities are endless!

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Binance founder sentenced to four months in prison by US court

Changpeng Zhao

Changpeng Zhao, once hailed as a titan of the cryptocurrency world and former CEO of Binance, was sentenced to four months in prison by a US court, according to a Reuters report.

The verdict came after Zhao pleaded guilty to breaching US anti-money laundering laws.
Prosecutors said Binance followed a “Wild West” model, welcoming criminals and failed to report over 100,000 suspicious transactions with several terror groups.

Known as “CZ,” Zhao’s fall from grace underscores the intensifying crackdown on financial misconduct within the burgeoning cryptocurrency sector. The verdict, delivered by US District Judge Richard Jones in Seattle, notably diverged from the harsher punishment of three years in jail sought by prosecutors.

Also Read: Binance acquires Japanese crypto exchange SEBC

Zhao’s transgressions, which included prioritising Binance’s growth over adherence to US laws, were criticised by the judge during the hearing.

While Zhao expressed remorse before the court, acknowledging the gravity of his lapses in implementing robust anti-money laundering measures, the repercussions reverberate beyond his personal fate. Binance, agreeing to a staggering US$4.32 billion penalty, faces a long road to redemption as it navigates heightened regulatory scrutiny and seeks to restore investor trust.

Over a month ago, Sam Bankman-Fried was sentenced to 25 years in prison by a US court for stealing US$8 billion from customers of his now-bankrupt FTX exchange.

X marks Echelon. Join us at Singapore EXPO on May 15-16 for the 10th edition of Asia’s leading tech and startup conference. Enjoy 2 days of building connections with potential investors, partners, and customers, exploring innovation, and sharing insights with 8,000+ key decision-makers of Asia’s tech ecosystem. Get your tickets here.

Want more from your Echelon experience? Be an Echelon X sponsor or exhibitor. Send enquiry here.

Image Credit: Milken Institute.

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Charting the roadmap for the era of pervasive AI

AI is the defining technology shaping the next generation of computing as a new wave of AI applications evolves at a rapid pace. From creating realistic virtual environments for gaming and entertainment to helping scientists treat and cure diseases or helping humanity better prepare for climate change, AI has the potential to solve some of the world’s most important challenges.

The explosion in generative AI and large language models (LLMs), coupled with the rapid pace of AI application innovation, is driving enormous demand for compute resources and requiring solutions that are performant, energy efficient, pervasive, and can scale from cloud to edge and endpoints.

IT leaders across the board recognise AI’s potential and are ramping up their investment, with more than two-thirds of IT leaders amassing budget for AI project implementation. There is also downward pressure where boards are pressing their CEOs to develop a strategy for incorporating AI throughout their business, even as many executives are still grappling with where to start.

However, the occasion continues to be earmarked by hesitancy and distrust. In fact, our own study finds that only half of IT leaders are confident in their companies’ ability to properly adopt AI.

As such, we can expect to see a significant majority of enterprises moving beyond the proof-of-concept stage and into the deployment phase. However, to fully realise the potential of what AI integration can bring to the organisation, it is key that leaders take measured steps and not jump in on the bandwagon without a clear vision.

To do so, leaders must first understand the immediate AI landscape and the key technologies behind it, the opportunities that lie with AI, and what can be done to tap into them, as well as the roles that individual organisations can play in advancing AI as a technology.

Demystifying AI in 2024

2023 was a banner year for GenAI. While the technology continues to offer unique opportunities and solutions, 2024 is likely to see the growing adoption of more sophisticated and personalised solutions on the enterprise front.

Also Read: India beats Singapore, US to rank highest for AI project implementation

For instance, enterprise AI customisation is on the rise, with businesses embracing tailored generative AI applications. These applications are designed to meet specific business needs by integrating proprietary data and help to ensure more accurate and relevant responses.

Proprietary models offer security-conscious organisations better oversight when it comes to the internal data used to train models. This could assuage some organisations’ worries about achieving accurate, fair and representative output using third-party models.

2024 will also witness the power of small language models. Only the very largest companies have the funds and server space to train and maintain energy-hungry models with hundreds of billions of parameters. Smaller models, meanwhile, are far less resource-intensive, but they yield better performance than training larger models on fewer data.

Multimodal AI systems will also take centre stage among IT leaders’ minds. The key strength of these systems lies in their capacity to integrate different modalities, creating a more holistic understanding of the input data. This integration goes beyond recognising individual components; it allows the AI system to interpret and respond to complex inputs that involve multiple modes of information.

What lies within the AI goldmine?

AI’s biggest impact on business stems from its ability to automate tasks and supplement employees’ abilities to further boost their productivity. The technology essentially supercharges data exploration to enable better decision-making. As a tool for future-proofing organisations, it equips them with the agility and insight to adapt to evolving markets and technologies, underpinned by its capability for continuous learning and improvement.

With these considerations in mind, it is imperative that companies starting out on their AI roadmaps pay close attention to macro industry trends for possible knock-on effects.

For instance, as larger organisations work towards bringing AI capabilities in-house, the demand for components such as the AMD Instinct™ MI300 Series accelerators, which can power even the most demanding AI and HPC workloads, are likely to skyrocket. Smaller businesses who are looking to emulate these strategies are at the risk of getting squeezed out as they might lack the financial capabilities to compete for resources.

In this regard, enterprises can also look towards alternatives such as AI-enabled PCs, especially if they are running smaller AI models right-sized to their needs. These PCs are powered by AMD Ryzen™ AI (AMD was the first to bring dedicated AI to the PC), and feature dedicated artificial intelligence hardware in their processors to not only elevate their day-to-day tasks, but also to build and deploy AI models and run them directly.

The initial conversations and experiments around AI have seen lukewarm responses from the employee populace. It is imperative that business leaders prepare their workforce by equipping them with the essential tools and resources needed to effectively engage with AI.

Building an AI-friendly environment requires comprehensive training for staff, motivating them to address daily business challenges using AI to achieve organisational goals. In the future of work, organisations must strategically navigate two essential fronts: attracting new talent while empowering the existing workforce through upskilling initiatives.

Playing the role of a proactive champion

Businesses need to recognise that AI isn’t flawless.  It comes with its own set of unique risks that many organisations are unequipped to deal with – or even recognise – due to the nature of the technology and how fast it is evolving.

Also Read: Rainy day resilience: Your guide to startup media crisis management

From lack of employee trust and unintentional biases to unethical applications and security lapses, these gaps result from the same mistakes that can sabotage any deployment of technology: inadequate planning, insufficient skill sets, lack of alignment to business goals and poor communication.

As such, business leaders should ensure that their ambitious AI strategy is informed by an equally robust governance framework that is designed to balance technological innovation with safety, ensuring AI systems do not violate human dignity or rights.

Transparent decision-making and explainability are critical for ensuring AI systems are used responsibly. AI systems make decisions all the time, from deciding which assets to generate to determining whether a certain operation process is expedited. It is essential to understand how AI systems make decisions to hold them accountable for their decisions and ensure that they make them fairly and ethically.

At the same time, another key component of a well-developed governance framework is the policies underpinning it. These approaches inform the measured and necessary approaches to achieve an open and accessible AI ecosystem, further promoting the advancement of the technology as a whole.

This means that where possible, AI teams should opt to adopt open-source tools – such as Hugging Face and PyTorch – compatible with various machine learning development platforms to benefit from the flexibility and community support. An open ecosystem promotes both competition and democratisation of the technology – key ingredients that would further accelerates the pace of innovation for the technology.

Along the same line, all enterprises should never discount partnerships with organisations to ensure each step they take is a concerted effort in the right direction. AI will be pervasive – spanning the cloud, enterprise, and end devices – and it would require two critical ingredients: a variety of compute engines optimised to deliver the right AI performance balanced with the efficiency needs of each device and an open ecosystem where developers are free to create incredible new applications that are easy to deploy.

The partner of choice should therefore be an expert with not only a comprehensive product and software portfolio, but also an active platform built off the back of open and accessible software tools to empower companies to tackle the workloads of today and the future.

Editor’s note: e27 aims to foster thought leadership by publishing views from the community. Share your opinion by submitting an article, video, podcast, or infographic.

Join our e27 Telegram groupFB community, or like the e27 Facebook page.

Image credit: Canva

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Revamped BEYOND’s ‘Fund at First Pitch’: Elevating the stakes and intensity of investment opportunities

Shifting away from the conventional DEMO DAY format, BEYOND Expo 2024 proudly introduces the new “Fund at First Pitch” session, also known as “Extreme Speed Pitch”. This innovative pitching session injects heightened excitement and competitiveness into the realm of investment, akin to a high-stakes poker game featuring esteemed investment institutions.

Since its launch, “Fund at First Pitch” has connected technology innovators with investors, offering a five-minute stage to showcase innovation. Past events have attracted top global investment institutions such as Temasek, Hillhouse Capital, IDG Capital, and Lightspeed China, facilitating hundreds of connections and driving business growth.

At BEYOND Expo, we challenge norms to confront future business challenges, and this year, we push boundaries further. Expanding the exhibition area, BEYOND Expo promotes the integration of technology and industries. We’re overhauling the investment and financing sector with improved services and faster interactions, bridging the gap between innovators and investors. We’re inviting 150 renowned investment institutions and investors to establish a communication bridge between innovators and capital.

In collaboration with CICC Capital, BEYOND invites elite investment institutions worldwide to this grand event, shaping the future of business. Top investors* from China, Brazil, the Philippines, and beyond will collectively shape the future of business.

“Extreme Speed Pitch” isn’t just a showcase – it’s a platform for multidirectional communication, introducing leading investors in consumer technology, climate tech, and healthcare fields. Startups get 180 seconds to make a strong statement about their technology and business model, with successful ones receiving exclusive exposure to a global audience and media.

Also Read: Embracing global entrepreneurship: Redefining startup success beyond Silicon Valley

This is an opportunity to transform innovation and passion into tangible results.

Rules

1. When each entrepreneur steps onto the stage, they’ll have the attention of dozens of investors.
2. Spin the roulette to decide speaking time, between 60 to 180 seconds.
3. After the speech, investors will place their “Poker Chips”. Each chip shows the investment institution’s interest in the project.
4. The top 10 entrepreneurs with the most Poker Chips get to showcase their projects on the world stage.
5. At the BEYOND Expo 2024 closing ceremony, you’ll present your project to numerous investors, with a global audience and media coverage.

Additional Info:

1. There are separate investment tables for three sub-brands. The event runs on May 23 and May 24, 2024. Entrepreneurs can speak once per day, for a total of two opportunities.

2. Investors change daily. Each entrepreneur can receive one chip per day from the same investor.

Event Information

Dates:

ConsumerTech: May 23-24, 10.00 AM-12.00 PM, 2.00-4.00 PM
ClimateTech: May 23-24, 10.00 AM-12.00 PM, 2.00-4.00 PM
Healthcare: May 23-24, 10.00 AM-12.00 PM, 2.00-4.00 PM

* Collaborator list (in random order): Sequoia Capital, Hillhouse Investment, Matrix Partners, IDG Capital, GGV Capital, CMC Capital, Sinovation Ventures, Fosun RZ Capital, Everbright Limited, Lightspeed China Partners, SBCVC, SCGC, Shenzhen Angel FOF, Bits x Bites, 5Y Capital, InnoAngel Fund, Yunqi Partners, Creation Venture, LQ Pacific, Dingxin Capital, Jinding Capital, SHEN Impact Venture, 500 Global, AC Ventures, Accelerating Asia, Antler, Appworks, Aurelia Ventures, ATM Capital, BEENEXT, Cocoon Capital, CodeBase, Disrupt Technology Venture, Do Ventures, East Ventures, Farquhar Venture Capital, Forge Ventures, Fusion Fund, Global Brain, Gobi Partners, Good Startup, GP Investments, InnoVen Capital, Headline, Insignia Ventures Partners, Kaizenvest, Kairous Capital, Kickstart Ventures, Lightspeed Venture Partners, Monashees, MDI Ventures, Monk’s Hill Ventures, NLVC (Northern Light Venture Capital), Orbit, Openspace Ventures, ParticleX, Pipeline Capital, Plug and Play APAC, Quest Ventures, Sparklabs Taiwan, True Global Ventures, Vertex Ventures Southeast Asia & India, Alpha JWC Venture, etc.

Entrepreneur participation guide

Qualification for participation

1. Participants must be exhibitors or attendees of BEYOND Expo.
2. Participants are required to register. Scan the QR code below or click here to fill out and submit the Entrepreneur Registration Form on the official website:

Scan the QR code or click here to submit the Entrepreneur Registration Form

3. Participation priority: BEYOND Standard Booth Exhibitors > BEYOND Startup Kiosk Exhibitors > Pre-registered attendees
4. The BEYOND Organising will give priority to Standard Booth Exhibitors for participation in the event.
5. Special Note: Entrepreneurs should prepare their pitch (maximum duration of 180 seconds) in advance.

Also Read: Beyond buzzwords: How climate tech startups can create an impact in green recovery

Participation process

1. Entrepreneurs will get a confirmation email and further instructions from the BEYOND Organizing Committee before the event.
2. On the event day, arrive at the designated location, check-in, and follow staff instructions to enter.
3. Use the “Wheel of Time” game to know your speaking duration.
4. Set up equipment with staff help, then start your pitch.
5. Staff will time your presentation and collect Poker Chips.
6. After each pitch session, entrepreneurs can talk more with investors who gave them Poker Chips.

Pitching rules

The top three to five companies in each sector with the most Poker Chips will win. They’ll get the chance to present at the closing ceremony.

1. Winners must join a rehearsal on the May 24 evening. If they miss it, they might lose their pitching chance.
2. Prepare a presentation deck under five minutes.
3. Winners can prepare backstage for 30 minutes before the closing ceremony on May 25, 2024.

Investor participation guide

Participation Process:

1. Investors must register on the official website.
2. Organisers will inform investors when the investment tables open. Arrive early to get 20 Poker Chips per session.
3. Investors must know the rules, participate actively, and vote for entrepreneurs. They are not allowed to give chips to the same entrepreneur multiple times.

How to Register

Scan the QR code below or click here to access the official registration channel, and submit the Investor/Entrepreneur Registration Form to complete registration.

Scan the QR code or click here to submit the Investor/Entrepreneur Registration Form

About BEYOND Expo

The BEYOND International Technology Innovation Expo (BEYOND Expo) is Asia’s leading annual technology event. Serving as a dynamic platform since 2021, BEYOND Expo not only showcases global technological innovations but also provides a unique opportunity to foster innovation upgrades across diverse industries and regions. BEYOND Expo has attracted participation from Asia’s Fortune 500 companies, multinational corporations, unicorn companies, and emerging startups. Through a multifaceted approach involving expos, summits, and various activities, BEYOND Expo has successfully cultivated an innovative ecosystem, propelling collective development in the Asia-Pacific region and the global technology innovation industry.

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