The Southeast Asian fintech startup has been a dynamic landscape, with countries like China, India, Singapore, and Indonesia emerging as fintech hubs, each with unique strengths and focus areas. Besides, governments across Asia actively work on fintech regulations to balance innovation and consumer protection. In 2023, the industry attracted substantial investments, with strong financial inclusion ... Read more ›
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Singapore-based InterContinental Energy has secured $115 million in equity investment to advance its mission of scaling up green hydrogen production. The funding comes from two investors: GIC, a global institutional investor, and Hy24, recognized as the world’s largest clean hydrogen pureplay investor. This infusion of capital is projected to accelerate further the company’s efforts to ... Read more ›
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In recent years, South Korea has emerged as a vibrant hub for new-age startups, powered by technological innovation and entrepreneurial zeal. However, these companies face an uphill battle, including one due to the country’s aging population and the resulting talent shortages. The solution may not lie within the nation’s borders but in looking outward, to ... Read more ›
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Singapore-based biotechnology firm Automera has successfully secured $16 million in a Series A funding round. The funding round was co-led by Accelerator Life Science Partners (ALSP) and ClavystBio, a Temasek-backed accelerator focusing on global health solutions. Other participants included EDBI, Xora Innovation, and undisclosed investors. Automera, co-founded by Michael Lazarou, Loong Wang, and Taiyang Zhang, ... Read more ›
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Malaysia’s Ministry of Science, Technology, and Innovation (Mosti) plans to push emerging technology and promote Science, Technology, Engineering, and Mathematics (STEM) education within the framework of Budget 2024. Minister Chang Lih Kang has outlined these focus areas in Mosti’s budgetary proposals. The initiative signaled Mosti’s plans to support innovation and technological advancement within Malaysia, particularly ... Read more ›
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During the COVID-19 pandemic, difficulties arose with in-person meetings and travel, leading to rapid growth in related industries such as the metaverse, virtual spaces, and virtual content. According to a Fortune Business Insight report in June 2023, the global virtual reality market was valued at $19.444 billion in 2022 and is expected to grow from ... Read more ›
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The Gyeonggi Province Economic and Science Promotion Agency, (President Kang Seong-cheon), is set to host a transformative online event, scheduled for September 26th at 10:00 KST. This event represents a significant milestone in the agency’s global startup support initiatives, offering a platform for innovative startups in Pangyo Techno Valley to attract investments and benefit from ... Read more ›
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Silicon Valley venture firm GGV Capital has decided to split into two separate entities, one focused on Asia and the other on the United States. This decision follows a trend set by rival firm Sequoia Capital a few months ago, as American tech investors face increasing pressure to disengage from their Chinese investments due to ... Read more ›
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Under the leadership of Economy Minister Rafizi Ramli, the Malaysian government will be hosting a startup convention soon. The primary objective of this initiative is to help local technopreneurs to grow within the country. Rafizi emphasized that the development of startup companies holds great importance in speeding up Malaysia’s economic transition toward technology and digital-based ... Read more ›
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Philippines-based Nila Capital is the country’s inaugural student venture fund, officially launching with new opportunities for Gen Z startup founders. The fund’s core mission is to provide visionary young entrepreneurs with essential capital; it also strives to create an extensive network of industry professionals. Nila Capital is capping its funding at $10,000 per round. It ... Read more ›
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The global robot market is experiencing rapid transformation. According to a report by the Boston Consulting Group, the global robot market is projected to reach between USD 160 billion and USD 260 billion by 2023. In alignment with this global trend, both large companies and startups in Korea are preparing for the impending changes. For ... Read more ›
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The fashion industry is amid a profound digital transformation, marked by the emergence of virtual models redefining how brands and labels market themselves online. One noteworthy example is the global fashion giant Balmain, which drew significant attention when it launched a campaign featuring virtual models during the 2019 fall season. Additionally, luxury Italian brand Fendi ... Read more ›
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Indonesian raw material procurement startup Bababos has secured $3 million in seed funding round. Venture capital firm East Ventures led the latest funding round, focusing on Indonesia’s booming tech scene. Joining them in this investment are Patamar Capital and Accion Venture Lab. The funding comes only six months after East Ventures led the startup’s pre-seed ... Read more ›
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Japan has relaxed regulations to permit startups to raise investment funds through cryptocurrencies. With this, the Japanese government now allows startups the flexibility to secure capital using crypto assets in addition to conventional stocks. This recent regulatory shift marks a significant turning point in Japan’s cryptocurrency stance, which had previously imposed stringent limitations on the ... Read more ›
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Ampverse, a prominent gaming community and intellectual property ecosystem, has acquired Singapore-based gaming startup Championify. The acquisition will see Championify’s assets being integrated into Ampverse Labs, pushing the development of in-house products and services. Championify brings valuable technology and intellectual property assets, including its proprietary gamification platform, a reward system, and a gaming product marketplace. ... Read more ›
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Pangyo Techno Valley, located in Seongnam-si, Gyeonggi-do, is a global convergence R&D hub focusing on global IT, BT, CT, and NT where R(Research), P (People), I (Information), and T (Trade) are integrated. Pangyo is Korea’s flagship innovation cluster that was established to become a new driving force for the national economy with the goals of ... Read more ›
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The Ministry of Science and ICT changed the name of K-ICT Born2Global Center, a public institution under the Association for the Advancement of Information and Communications (KAIT), to ‘Global Digital Innovation Network (hereinafter GDIN)’, and held the “GDIN Opening Ceremony” at Pangyo Startup Campus on September 7. The launch ceremony was attended by partners such ... Read more ›
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Singapore-based medical technology firm Awak Technologies has secured over $20 million in Series B funding, making it one of Singapore’s most significant MedTech fundraising events this year. The funding round was spearheaded by Lion X Ventures and Vickers Venture Partners, with participation from Advanced MedTech and Eckuity Capital. Headed by CEO Suresha Venkataraya, Awak Technologies ... Read more ›
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Singapore-based venture capital firm Vertex Ventures Southeast Asia and India (VVSEAI) has successfully concluded its fifth funding round, raising $541 million. The figure represents an 80% increase compared to the amount raised for its previous fund, VVSEAI Fund IV, in 2019. VVSEAI Fund V’s substantial corpus includes a dedicated co-investment envelope of $50 million, which ... Read more ›
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Cradle, an early-stage fund under Malaysia’s Ministry of Finance, has formed a partnership with Bursa Malaysia, the nation’s stock exchange, with the primary objective of enhancing local startup listings. This collaboration brings together the financial expertise of Bursa Malaysia and the startup support initiatives of Cradle Fund. The primary focus is to raise awareness among ... Read more ›
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Most popular sources
Business Insider
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20% 12 |
The Verge
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10% 4 |
Tech Wire Asia
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8% 2 |
Gizmodo
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8% 3 |
Tom's Hardware
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8% 6 |
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27.11.2024 08:55
Last update: 08:51 EDT.
News rating updated: 15:50.
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