With the launch of the San Francisco office, IIPL is extending its US$200 million fund to US tech startups. Existing investments in American-based companies include Twilio, DataXu and Quid. IIPL aims to invest in and attract startups that have an interest in expanding into Asia through Singapore and add value to the Smart Nation initiative for the betterment of public needs such as healthcare, city planning, mobility, security, urban living and citizen-centric services.
Collaboration with General Assembly
Leonard said General Assembly will set up a presence in Singapore, their first in Southeast Asia, to deliver best-in-class, practical education in technology, business and design. Well-known for programmes where students emerge prepared for roles as developers, user experience designers and tech product managers, General Assembly delivers actionable, practical and tactical skills for the 21st century workplace.
"Some of Southeast Asia's and the world's most innovative businesses and tech leaders spring from Singapore, so it is natural to expand there to help enable new innovation," said Jake Schwartz, General Assembly co-founder and CEO. "We are committed to empowering people to create new possibilities, and to helping employers create the workforce they need to build the future. General Assembly is bringing together individuals, industry and government to foster educational and economic opportunity around the world, and we will expand our curriculum and footprint to serve thousands of additional students this year."
Global Data Challenge
Leonard called out to the Bay Area tech community, which has a strong concentration of young Singaporean students, professionals and entrepreneurs, to participate in a Global Data Challenge. At the heart of the Global Data Challenge is a rich collection of more than 8,000 open government data sets that can be innovatively meshed and analysed with private sector datasets to bring about new insights on people's pain points and city challenges that need to be tackled. These data includes public transportation commuter patterns, bed occupancy rates in public hospitals, common health problems, air quality, household electricity consumption and other societal and cultural trends in Singapore.
The Global Data Challenge makes these data sets available globally to innovators who can leverage the data and insights for the development of new sustainable, scalable and viable innovations relevant to the Singapore Smart Nation initiative. Curated ideas that make best sense in the Singapore context and have the potential to scale will be considered for possible trials in Singapore. These solutions could then be scaled globally to tackle challenges that every other city is facing.
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