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Techventure 2013 to showcase Singapore’s tech innovation eco-system

Zafar Anjum | Sept. 20, 2013
Techventure is an annual event that offers an opportunity for startups to seek investments from venture capitalists and innovation investors

Starting 25 September, Techventure 2013 will showcase Singapore's entrepreneurial and tech innovation eco-system in the city-state, the event's organisers announced on 17 September.

The two-day event will be held at the Suntec Singapore International Convention and Exhibition Centre.

Techventure is an annual event that offers an opportunity for startups to seek investments from venture capitalists and innovation investors.  It is a platform to network, exchange ideas and develop business plans.

The event attracts top speakers from the field and about 700 participants and 40 foreign top-tier speakers attend the event annually.

This year more than 100 technology companies are setting up booths which are open to the public.

Techventure 2013 is a collaborative partnership among several public agencies. The event is co-organised by the National Research Foundation (NRF) Singapore, Agency for Science, Technology and Research (A*STAR's Exploit Technologies Pte Ltd (ETPL) and SPRING Singapore.

Techventure was launched by the National Science & Technology Board (later renamed to the Agency for Science, Technology and Research in 2002) in 1996.

The conference comprises a series of talks and panel discussions on building and scaling a billion dollar business, future direction of mobile technology, increasing significance of sustainable clean energy and water technology as well as the impact of medical technology advances on the healthcare industry.

The exhibition will also see startups nurtured and groomed by public sector agencies and technology companies exhibiting over two days, in addition to participation by other technology companies.

Supporting innovation

According to a Channel NewsAsia report, Singapore is halfway through its five-year plan for boosting research and development.

"Under the Research, Innovation and Enterprise (RIE) 2015 scheme, the S$16.1 billion plan aims to support the Singapore government's long-term vision to develop an innovative and entrepreneurial economy like Sweden, Finland or Israel," the report noted.

According to the National Research Foundation (NRF), the investments are seeing encouraging outcomes.

NRF over the years has invested and partnered 15 technology incubators and five early stage venture funds, Low Teck Seng, CEO of National Research Foundation, told CNA. Together, they have invested in more than a hundred companies through them. Out of  which, quite a few have done well.

NRF had invested S$45 million in more than 100 startups since 2006. These startups are in areas such as biomedical and clean technologies.

Over the same period, Spring Singapore has funded 200 startups to the tune of $150 million. It has also supported 12 incubators since 2009, which in turn have helped 400 startups, The Straits Times has reported.

 

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