Singapore has a growing reputation as an entrepreneurial hotbed. Nikkei Asian Review provides an overview of the country’s efforts to attract global entrepreneurs with everything from incubation space to tax incentives and VC funding. The article also featured Blk71, along with one of NUS Enterprise’s companies, Wedilo.
Our Plug-in newsletter features news coverage on the Blk71 community and here’s a recap of who and what had been the top of the town.
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In another article, Justin Hall of Golden Gate Ventures discusses how high valuations in the US will make investments/ acquisitions in the Southeast Asian market appear comparatively affordable. Among those mentioned as possessing the “potential to be incredibly valuable companies” are Carousell and iCarsClub.
An exciting partnership was announced by NUS Enterprise-supported company and Blk71 resident, ViSenze last Friday (3 Jul).
The announcement on the partnership with Flipkart, the largest online marketplace in India, is definitely something that consumers in India can look forward to, as ViSenze will be able to cater to unique needs for ethnic wear.
A pioneer in visual technology, ViSenze, enables one to search by uploading photos instead of guessing keywords and surfaces visually similar products when browsing through an online marketplace.
Blk71 resident T.Ware was recently featured in The Straits Times (20 Jun, page D4), which highlighted their signature T.Jacket – a deep touch pressure vest that simulates a hug for its wearers.
The T.Jacket is touted as the first in the world that can be controlled with a smartphone app and is now used in various countries as a therapeutic product for special needs users.
Popular technology news website Re/code had two nice stories published last week highlighting the start-up scene and grooming of the next generation of entrepreneurs in Singapore.
Singapore innovation strategy was recently highlighted in The Washington Post and The Straits Times, with Blk71 receiving mentions in both. The articles highlight government efforts to position the country as a global business & high-tech hub (as well as an entry point into the region), with entrepreneurship a key strategic emphasis.
Shopback has secured a major partnership with StarHub for the telco’s rewards programme. Besides Shopback’s cash back for online purchases, shoppers can now secure StarHub Rewards points by using the platform.
Visit http://starhub.com/shopback to start accumulating Starhub Rewards points!
In a Nikkei Asian Review feature on the tech start-up landscape in Singapore, Blk71 was named as “one of Southeast Asia’s largest business incubators”, with the building’s vibrant community playing a key role in driving the start-up culture here.
The article also mentioned Carousell, one of Blk71 resident, as a prime example of a start-up that grew their business at Blk71 and went on to achieve notable success of late.
Congrats go out to NUS spin-off DynaOptics, which won 2nd place at the 2015 Asian Entrepreneurship Award in Japan! The company’s optical zoom technology, designed for mobile phones, was developed at NUS by co-founder and NUS PhD awardee Kelvin Cheo.
Receiving an honorable mention was energy management company Intraix. Formerly housed in Blk71, the company was founded by NOC Shanghai alum Darrell Zhang and NUS alum Bryan Lee.
The Asian Entrepreneurship Award was won in previously in 2014 by another NUS Enterprise portfolio company T.Ware, which is located at level 6 at Blk71.
NUS Enterprise portfolio company, Rewardz was profiled in The Business Times (May 26) with an interesting story of how far the company has come since creating its first app to help organisations motivate employees with corporate perks. Rewardz’s founders credited NUS Enterprise with providing a vast network of contacts which they tapped on to build important business partnerships.