Alan Chan, Chief Executive Officer of SPH, said, "We are delighted to work with IIPL and Plug and Play on an accelerator programme to discover and support outstanding startups that will make a difference to our media scene. We have also invested in Glints through our SPH Media Fund, which would continue to fund promising early stage ventures."
"We have made great progress in having global partners such as the European accelerator Startupbootcamp set up a FinTech-focused operation here in Singapore," said Steve Leonard, Executive Deputy Chairman of IDA and Chairman of IIPL. "As part of Singapore's journey to be a Smart Nation, we are also working on some really tough global challenges brought on by the inevitable trends of ageing population and urban density. That's the purpose of having BASH, the go-to place for tech builders, investors and innovators to do more great things together."
At BASH, IIPL will curate local and global data challenges, helping young tech builders to tap on open data sets and develop big, scalable ideas that can tackle worldwide challenges. Multiple accelerator programmes with strong community partners such as Europe's accelerator Startupbootcamp FinTech can now take place to mentor and build a strong pipeline of quality Singapore-based tech startups.
According to IIPL, Startup teams that have undergone acceleration can also be housed at a co-working and collaboration space in BASH to continue receiving guidance as they build business traction and market access.
IIPL, which has established presence in London last October and most recently, Block 71 San Francisco, will also help the startup teams in their overseas expansion to these leading tech-innovation hubs.
In conjunction with the launch, IIPL held the finals of its Tyro.VC competition which aims to discover budding young investment associates, and in parallel good early stage young innovation-driven tech startups through a first-of-its-kind reality show.
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