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IIPL PROPELS SINGAPORE HIGH TECH INNOVATIONS ONTO WORLD STAGE

<Press Release> 

The world’s first 3D pen with cool ink; “sweepers” of space debris for a safer space environment; a cryptocurrency payment gateway that makes cross-border money transfers fuss-free – these cutting-edge innovations are the ‘brainchild’ of some of the thirteen quality, innovation driven Singapore-based tech start-ups that Infocomm Investments Pte Ltd (IIPL), the venture capital arm of the Infocomm Development Authority of Singapore (IDA), is leading to represent Singapore at the annual South by Southwest (SXSW) Trade Show in Austin, Texas from 15 – 18 March this year.

Dr Alex Lin, Head of IIPL, said, “This is the largest ever contingent of promising Singapore tech start-ups showcasing at SXSW, some of which have recently graduated from IIPL’s acceleration efforts. As Singapore builds itself into a Smart Nation, we are grooming more innovation driven tech companies in Singapore that can tackle important worldwide challenges and scale globally. Part of our strategy in doing so is to establish strong nodes in leading tech-innovation hubs across the world, and grow quality start-ups for the global stage.”

Tackling real world challenges in various industry verticals spanning across e-commerce, financial services, digital media & advertising, environment to logistics & supply chain, these thirteen tech start-up teams will showcase a diverse range of emerging technologies including 3D printing, image search & recognition, cryptocurrency, space debris removal satellites and data analytics that are able to serve the needs of the US and global market. At the Trade Show, the start-up teams will also benefit from valuable business matching opportunities and connections with targeted partners and customers, as well as platforms and networking sessions to pitch and demo their tech products to investors and established industry leaders.

Start-up teams with strong interest to expand into the US market following the Trade Show can also leverage IIPL’s co-working space at Block 71 San Francisco to better understand the market, establish their business and extend their networks within the US.

Besides enabling greater partnership opportunities between the US and Singapore tech start-up communities, IIPL also seeks to collaborate with US-based entrepreneurs, companies, investors and accelerators to explore the vast business opportunities in Asia through Singapore. Tech start-ups with interest to expand into Asia can participate in Singapore-based accelerator programmes, which will be run at IIPL’s startup facility, BASH (‘Build Amazing Start-ups Here’), at Block 79 JTC LaunchPad @ one-north.

This is Singapore’s fifth showing at SXSW. Singapore’s tech start-ups will be exhibiting at the Singapore Pavilion themed “Singapore: Your Launchpad to Asia” (Booth 1243) at the Austin Convention Centre Exhibit Hall 3. See Annex for the thirteen start-up profiles.

About Infocomm Development Authority of Singapore

The mission of the Infocomm Development Authority of Singapore (IDA) is to develop information technology and telecommunications within Singapore with a view to serve citizens of all ages and companies of all sizes. IDA does this by actively supporting the growth of innovative technology companies and start-ups in Singapore, working with leading global IT companies as well as developing excellent information technology and telecommunications infrastructure, policies and capabilities for Singapore. For more news and information, visit www.ida.gov.sg or follow us on Twitter @IDA_Singapore.

About Infocomm Investments Pte Ltd

Infocomm Investments builds and invests in Singapore and global infocomm technology start-ups. Managing more than US$200 million, we accelerate the development of start-ups in their formative phase, and invest further as they move forward with growth and expansion. Through our investments, partnerships with stakeholders across private and public sectors, and global reach, we play a central role in building a vibrant and sustainable ecosystem in Singapore for start-ups to flourish. We are a wholly-owned subsidiary of the Infocomm Development Authority of Singapore. For more news and information, visit www.infocomminvestments.com or follow us on Twitter @iipl.




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