A compilation of important news from the startup world:
PayPal invites fintech startups to participate in its Singapore incubation programme
PayPal is calling for fintech and technology startups to participate in its first incubation programme in Singapore. Under the nine-month programme, selected startups will be coached and mentored by PayPal executives and various subject matter experts. The curriculum will cover finance and technology topics such as risk, compliance, core payment network and channel partnering. To complement this, the teams will also gain coaching and mentorship by external subject matter experts and PayPal executives such as Anupam Pahuja, General Manager, Technology for PayPal Asia Pacific, who is also one of the Pitch Fest judges.
‘Date With Chinese Investors:’ China Shows Interest in Indian Startups
The speed-networking event “Date with Chinese Investors” designed for Indian start-up companies and Chinese investors was organized in Bengaluru, India by Onionfans, a Singapore-based tech media and investment company along with Mobile10X and was initiated by the Internet and Mobile Association of India. Fifteen Chinese investors met and listened to pitches of 150 early-stage startups in the mobile and internet space from Chennai, Hyderabad and Mumbai. On the last day of the event Chinese investors shortlisted 10 Indian startups, in which they would invest $5 million dollars.
Seclore raises $12 mn in Series B funding from Sistema Asia Fund, others
Mumbai-based enterprise technology firm Seclore Technology Pvt. Ltd has raised $12 million (around Rs 80 crore) in Series B funding from Sistema Asia Fund, Helion Venture, VentureEast and India Alternatives. Founded in 2005 by IIT alumni Vishal Gupta and Abhijit Tannu, Seclore allows enterprises to secure information shared externally. The company, which also has offices in the US, provides enterprise digital rights management (ERDM) solutions that help organisations to protect sensitive information from cyber-attacks. It claims to have over 4 million users across 400 companies in 29 countries.
COMPUTEX features startups and innovative tech
COMPUTEX TAIPEI 2016, one of the largest information and communication technology (ICT) shows in the world, will kick off on May 31, featuring new innovations and startups for the first time in the exhibition’s history. The world has recently seen greater entrepreneurial efforts. A study shows venture capital funds jumped 95 percent over the past 2-3 years. To get onboard with global innovation, this year COMPUTEX will showcase InnoVEX — an exchange platform for new ventures, entrepreneurs and startup companies in the ICT industry.
IDA boost for Israeli start-ups looking to expand to South-east Asia
IZMUS has signed a Memorandum of Intent (MOI) with Infocomm Investments (IIPL), the investment subsidiary of Infocomm Development Authority, to help Israeli startups expand into South-east Asia. Israeli startups in industries such as medical technology, digital health, clean technology and cyber security will be able to leverage IZMUS to tap South-east Asia, starting with Singapore. Interested startups can apply for the programme and will undergo a screening process where a bilateral advisory board – including IIPL – will select the most innovative technologies.
Philippines’ prolific investor Future Now Ventures backs five more tech startups
Philippine VC firm Future Now Ventures is on an investment spree. Future Now Ventures has invested in five more technology startups based in the Philippines and Australia, engaged in cloud services and business applications. The five startups were Barhead, Jesi, Advvy, AllFamous, and Phonebooky. Jesi and Advvy are based in Australia. Future Now Ventures founder and CEO John Orrock said, the firm’s startup investments in the last six months have reached around $4 million. The venture capital firm has put in $1 million in Barhead, $500,000 each in Advvy and Jesi while it has injected $250,000 in Phonebooky.
Born on the bio: ten pioneering new developments from bio-tech startups
Britain’s biotech sector is booming, with new businesses thanks to pioneering drug therapies, smart devices and innovations in long-distance ‘tele-health’. And the new products being developed can bring financial savings as well as benefits at the bedside. Along with Oxbridge Biotech Roundtable, SROne has launched OneStart, the world’s largest life sciences and healthcare startup accelerator. A look at ten of the most exciting UK prospects on the health horizon:
More space for tech startups, arts groups could cost $300K
Affordable space is limited for arts groups and startups. The Accelerator Centre that’s currently located on the first floor of the building will be able to accommodate up to 100 more employees. The 10,234-square-foot space will be leased to the not-for-profit Accelerator Centre and subleased to startup businesses and arts organizations through ArtsBuild Ontario, a non-profit entity dedicated to addressing the infrastructure challenge facing Ontario’s arts sector. Revenues would be used by those organizations to offset operating costs.
Can White House, tech startups overcome gun lobby resistance to ‘smart guns’?
Despite fierce resistance from groups such as the National Rifle Association – and safety and privacy concerns about the technology – many gun owners appear open to technology the Obama administration and many tech entrepreneurs say will reduce firearm deaths.
Watching The Unicorns, With An Eye On Gravity
The tech unicorns are mythical, and we aim to take some of the myth away. Welcome to the weekly Unicorn Watch, where we’ll gauge the health of tech firms valued at $1 billion or above, spanning the globe, in industries as diverse as FinTech, payments (of course), Big Data, cybersecurity and eCommerce. The overarching theme is that tracking valuations, down rounds and hiring trends can give insight into the general state of innovation, which, of course, needs money (and workers), in addition to software and hardware game-changers, to stay afloat.