What will happen to the Southeast Asian (SEA) tech startup ecosystem after the pandemic?
In Singapore, since mid-2022, as borders reopened and travel became possible again, we have begun to see in-person meetings and events being hosted in the country. In the last week of September, there were at least four events in tech space alone –many of them are making a comeback after two years of hiatus. These meetings open up new opportunities for the regional tech startup ecosystem to connect and collaborate for the betterment of both parties and the ecosystem.
At the end of a major crisis like a pandemic, it is predicted that the startup ecosystem will come out stronger than ever. The numbers have spoken; there are indeed companies being set up during the pandemic or raising funds even at the peak of it.
This leads us to the next big question: How do we ensure this is sustainable?
Some of the leading players in the ecosystem may have the answer. They have done more than just raise massive funding rounds in the past years. Many of them have worked with different kinds of partners in growing their businesses; they have also pivoted and experimented with new tech to seize new opportunities.
Also Read: Echelon 2022: The rise of a new startup profitability culture
This might be how sustainability looks like for the startup ecosystem. Gone are the days when it would rely heavily on external funding to get through another day. A truly strong ecosystem is made of companies building solutions to the biggest problems we face today; they have also found a way to support themselves through their various revenue channels.
In achieving their goals, these companies do not work in silos. Instead, they open themselves up to collaborate with different players in the ecosystem, from government agencies to family offices.
These companies consider how their operations impact the environment and society. They are fully aware that a massive profit can never replace the future we owe to the next generation; they are figuring out ways to mark their milestones without sacrificing what is essential.
Beyond the technological innovation we build today, these companies are also looking at up-and-coming innovations. As we transition from Web2 to Web3, we are working to improve how we are doing things –and how the blockchain and related technologies can help in the process.
This is why, for Echelon 2022, e27 has prepared two days of connection, discovery, and learning. As a platform that aims to help companies with the tools to build and grow their businesses, we are going to host a highly curated business event. This year’s event specialises in sustainable growth for the SEA startup ecosystem –especially as we make a move forward.
Join us in this journey to build a more sustainable tech startup ecosystem.
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