Search
Close this search box.

We are creating some awesome events for you. Kindly bear with us.

SGInnovate collaborates with VC firm to set up landing pad helping startups expand from Indonesia to Singapore and vice versa

SGInnovate collaborates with VC firm to set up landing pad helping startups expand from Indonesia to Singapore and vice versa

Featured image: (L-R) Wesley Tay (Regional Director of EDBI), Willson Cuaca (Managing Partner East Ventures), Minister S. Iswaran (Minister for Trade and Industry of Singapore), Alex Lin (Head of Ecosystem Development of SG Innovate) (Credit: EV Hive)

SGInnovate BASH (Build Amazing Start-ups Here) is collaborating with EV Hive, an Indonesia-based coworking space, to build a landing pad for companies from Indonesia and Singapore to enter into each other’s markets. EV Hive is managed by East Ventures (EV), an early-stage venture capital firm with offices in Jakarta, Tokyo, and San Fransisco, which has invested in 150 companies across Asia and the US, focusing on commerce, social, game, SAAS, and mobile services.

BASH is Singapore’s biggest integrated startup space managed by SGInnovate, the Singapore government agency developing the innovation ecosystem in the country.

Companies based out of Singapore can leverage EV Hive to facilitate their entry into the Indonesian market and vice versa. The partnership will allow members to tap into the networks, spaces and services of the two entities in both Singapore and Indonesia and leverage off the two country’s complementary strengths. Singapore has excellent infrastructure, a robust intellectual property protection regime, and easy access to global talent, while Indonesia has a rapidly growing middle class and a huge and expanding mobile market.

Startups in a later stage (Series B and above) can leverage support from EDBI, the dedicated corporate investment arm of the Singapore Economic Development Board, and a partner of East Ventures. The two entities will work on more programmes for talent and knowledge sharing.

EV Hive is currently managing two locations in South Jakarta and Bumi Serpong Damai (BSD) helping to facilitate the development of 36 startup companies, six of them originally based in Singapore. EV Hive helps members to focus on their core business, by providing onDemand software such as payroll services and accounting software through partnerships with start-ups offering these back-office services. There are plans for EV Hive to build up to 7 offices by the end of the current year.

Minister for Trade and Industry from Singapore, S Iswaran, who was visiting Indonesia from April 24 to 26,  was present at the launch. To help Small and Medium Enterprises (SMEs) seize opportunities in Indonesia, Minister Iswaran led a business delegation comprising 10 companies, organised by International Enterprise (IE) Singapore.

PARTNER

Qlik’s vision is a data-literate world, where everyone can use data and analytics to improve decision-making and solve their most challenging problems. A private company, Qlik offers real-time data integration and analytics solutions, powered by Qlik Cloud, to close the gaps between data, insights and action. By transforming data into Active Intelligence, businesses can drive better decisions, improve revenue and profitability, and optimize customer relationships. Qlik serves more than 38,000 active customers in over 100 countries.

PARTNER

As a Titanium Black Partner of Dell Technologies, CTC Global Singapore boasts unparalleled access to resources.

Established in 1972, we bring 52 years of experience to the table, solidifying our position as a leading IT solutions provider in Singapore. With over 300 qualified IT professionals, we are dedicated to delivering integrated solutions that empower your organization in key areas such as Automation & AI, Cyber Security, App Modernization & Data Analytics, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

Renowned for our consulting expertise and delivering expert IT solutions, CTC Global Singapore has become the preferred IT outsourcing partner for businesses across Singapore.

PARTNER

Planview has one mission: to build the future of connected work. Our solutions enable organizations to connect the business from ideas to impact, empowering companies to accelerate the achievement of what matters most. Planview’s full spectrum of Portfolio Management and Work Management solutions creates an organizational focus on the strategic outcomes that matter and empowers teams to deliver their best work, no matter how they work. The comprehensive Planview platform and enterprise success model enables customers to deliver innovative, competitive products, services, and customer experiences. Headquartered in Austin, Texas, with locations around the world, Planview has more than 1,300 employees supporting 4,500 customers and 2.6 million users worldwide. For more information, visit www.planview.com.

SUPPORTING ORGANISATION

SIRIM is a premier industrial research and technology organisation in Malaysia, wholly-owned by the Minister​ of Finance Incorporated. With over forty years of experience and expertise, SIRIM is mandated as the machinery for research and technology development, and the national champion of quality. SIRIM has always played a major role in the development of the country’s private sector. By tapping into our expertise and knowledge base, we focus on developing new technologies and improvements in the manufacturing, technology and services sectors. We nurture Small Medium Enterprises (SME) growth with solutions for technology penetration and upgrading, making it an ideal technology partner for SMEs.

PARTNER

HashiCorp provides infrastructure automation software for multi-cloud environments, enabling enterprises to unlock a common cloud operating model to provision, secure, connect, and run any application on any infrastructure. HashiCorp tools allow organizations to deliver applications faster by helping enterprises transition from manual processes and ITIL practices to self-service automation and DevOps practices. 

PARTNER

IBM is a leading global hybrid cloud and AI, and consulting services provider, helping clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,800 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently, and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity, and service. For more information, visit www.ibm.com