Daniel CF Ng 伍长辉’s Post

This is tremendous to see but being "based here" doesn't make them Singaporean as this article claims!🙄🤣 "21 Singapore companies on inaugural list of Asean’s 30 top tech start-ups". "Singapore-based companies have made a strong showing in an inaugural list of Asean’s 30 top tech start-ups, accounting for 21 of them. The NextGen Tech 30 list, released on Sept 24 by tech venture-capital firm Granite Asia, includes patent database Patsnap, fintech firms ShopBack and Aspire, and cyber-security firm Ensign Infosecurity. The remaining nine start-ups are based in locations such as China, Hong Kong, Vietnam, Indonesia and the US. Many of those named on the list operate in industries such as digital finance, logistics automation and clean energy." It's also interesting that although firms are based in Singapore they do not plan to list on our SGX. It's still great that they're here but it would be even better if they were actually Singaporean companies not merely based here for tax and logistical reasons! What do you think? If you’re an entrepreneur and need support on your entrepreneurial journey to enable you to grow your business, our Ultimate and Ultimate LITE LinkedIn Marketing and Personal Branding service can help you, details are here on this LinkedIn SmartLink: https://lnkd.in/dqWRi6EZ Link to story here: https://lnkd.in/gcenmUfD

📈 In today's environment, companies stay private longer, but a vibrant public equity market is crucial for sustainable growth. The integration of private and public markets will attract talent, provide liquidity, and drive economic growth. 💰 Despite SEA's dynamic start-up ecosystem and Singapore leading with US$6.1 billion in investments last year, sustainable capital and public equity remain challenging. 🔔Over the past decade, Granite Asia has catalyzed 29 companies to a combined market cap of US$548 billion at IPO, and we’re committed to bringing this success to the region. ✍️ Read the latest op-ed from Jenny Lee and Yao Loong Ng from SGX Group on how we can foster innovation, deepen the talent pool, and create a brighter future in this vibrant region. #SoutheastAsia #Startups #PublicEquity #Innovation #Growth #GraniteAsia #NextGenTech30 #Singapore #Investment #EconomicGrowth

Being part of the startup ecosystem it is always interesting to see what is happening in this field in the other part of the world, especially in China. In 2018, a peak of 51,302 companies were founded, while in 2023, that number dramatically dropped to only 1,202. This significant decline is surprising. The Financial Times article explores the potential reasons behind this trend, including the decline in venture capital funding. I am wondering what implications will this have for Europe's competitiveness in the future? https://lnkd.in/gDS_vciP

There's a petition going around suggesting this closure threatens Ireland's startup future. In my opinion, a MUCH larger % of Irish startups over the past two decades couldn't access the NDRC tent than those who could - and yet they grew/exited successfully regardless of this exclusion. 1000s & 1000s of startup founders got on with the task of building a business case, finding product/market fit, generating revenue and/or raising pre-seed funding through other vehicles etc. Many of whom were well able to do so. NDRC was one of many rejections PlayerStat Data has had down the years (client, partnership, accelerator), but luckily, our business premise wasn't solely based on winning accelerator funding/access. There is no better strategy than having the best product/service in your market. The formula for startup founders in Ireland remains unchanged whether NDRC lives or not - idea, fit, rev €. This decision doesn't change the formula.

🌏 Southeast Asian startups shouldn’t have to cross oceans for capital. A recent piece from Jenny Lee and Yao Loong Ng in Fortune discusses the challenges faced by regional companies in accessing international capital markets. Despite regional dominance, many of our brightest companies struggle to gain traction in international capital markets. Yet, Southeast Asia is brimming with potential and high savings rates. The region needs a more integrated, regional market where companies can raise funds closer to home, and investors can seamlessly access opportunities across borders. This is crucial as global markets turn inward, potentially leaving emerging markets behind in the funding race. Liquidity begets liquidity. Simple but not easy. Initiatives like the collaboration between the Stock Exchange of Thailand and SGX to enable cross-border access are a step in the right direction, but more needs to be done. By harnessing regional savings and supporting active asset managers with a deep understanding of local markets, we can create a vibrant and resilient funding environment for Southeast Asia’s future unicorns.🌱 https://lnkd.in/gsiedfnN #SoutheastAsia #Innovation #CapitalMarkets #RegionalGrowth #GraniteAsia #InvestingInTheFuture #EmpoweringStartups

🌍 Thrilled to have participated in a panel (virtually) on “The Role of Finance in Fostering Real Business and the Path to a Startup Nation” 🇯🇵 hosted by Nikkei. We had a great discussion on what it takes to build a thriving startup ecosystem, and I was honored to share some key points based on my experiences and knowledge of both the Nordic and Japanese markets: 1️⃣ The importance of fostering an open economy that can attract foreign talent and risk capital, providing a solid foundation for growth. 2️⃣ The need to cultivate specialized investors with strong industry networks and insights, helping startups access not just capital but also valuable market knowledge. 3️⃣ Creating a diversified funding ecosystem with sources ranging from public/government funds to VCs, CVCs, and all the way to IPOs, offering startups a variety of paths to scale. 4️⃣ Encouraging ‘born global’ startups that focus on scale from the outset, underscoring the crucial role of attracting foreign talent and capital to accelerate growth. 5️⃣ Finally, the engagement of corporates and financial institutions is essential. By investing in VC/CVCs and partnering with tech startups, corporates can provide much-needed risk capital and drive innovation. I’m especially impressed by Mizuho's efforts in that area. 6️⃣ Close collaboration between public and private sectors can drive innovation. A strong culture of open collaboration between academia, government, and businesses accelerates growth, and finally transparency and trust also facilitate cross-sector innovation. While the Nordic countries are certainly frontrunners in some of these areas, Japan’s startup ecosystem is growing impressively, and the market is a rich opportunity for startups looking to expand internationally. However, it requires time and patience to navigate, and those willing to invest will find it incredibly rewarding. Japan has the potential to become a true Startup Nation, and I look forward to seeing how it continues to evolve! 🌱🚀 Also hope to be back soon to visit our partner NRI (Nomura Research Institute) and many other friends in Japan. Thank you for inviting me 🙏 #Japan #Innovation #NordicFintech #cphfintech Takeshi Kito, Pieter Franken, Bradley Busetto, Corinna Covini, Nicolette Tham, David Grundy, Simon Schou, Copenhagen Fintech, Nordic Fintech Week

Mapping the Middle Eastern investors fueling Asia’s tech firms (Updated) 👉 Read more: https://lnkd.in/gRiXaV9k 🌏 Mubadala and other Middle Eastern sovereign wealth funds are investing heavily in Asian startups, especially in India. 💹 Despite a 38% drop in VC funding in Asia in 2023, Middle Eastern investors are filling the gap, showing strong interest in tech and IPO-bound companies. 📈 India leads as the top destination for these investments, due to its large market potential and recent IPO success, contrasting with some investment losses in other areas.

Download: 'Building the Australia-Asia Tech Corridor - Australian Investment in Asia’s Startups', a discussion paper from the Tech Council of Australia and AsiaLink Business "Australia’s investment in Fintech in Asia receives less emphasis than its profile in Australia, comprising 9% of funding. Fintech is one of Australia’s strongest tech subsectors, with Australian VCs investing more into fintech than global VC funding allocations." https://lnkd.in/g2e2CUzt #australia #southeastasia #venturecapital #techstartups #vcnews #startupaustralia

NextGen Tech 30: Top tech start-ups in the region    Advance Intelligence Group, Singapore  Aspire, Singapore  bolttech, Singapore  Chickin Indonesia, Indonesia  Chye Thiam Maintenance Pte Ltd, Singapore  Circles.Life, Singapore  Coda Payments, Singapore  Durapower Holdings Pte Ltd, Singapore  Endowus, Singapore  Ensign InfoSecurity, Singapore  Fano (Fano Labs), Hong Kong  Funding Societies | Modalku Group I, Singapore  Geek+, China  Gradiant, United States  igloo, Singapore  Multiplier Technology, Singapore  Patsnap, Singapore  TiDB, powered by PingCAP, United States  Pixocial, Singapore  PREP, Vietnam  Privy Identitas Digital, Indonesia  SCI Ecommerce SG, Singapore  ShopBack, Singapore  Sleek, Singapore  Swap Energi Indonesia, Indonesia  Thunes, Singapore  Toku, Singapore  Univers, Singapore  Waresix Group, Indonesia  WIZ.AI, Singapore The list, compiled by Granite Asia, is a collaboration involving government and private organisations, including Temasek-backed venture-capital firm 65 Equity Partners , the SGX Group, and private equity firms KKR and Northstar Group. Other partners are DBS Bank, the investment arm of the Singapore Economic Development Board (EDB), the IMDA and the Singapore Business Federation. The companies were selected for their innovative use of technologies such as artificial intelligence. They also had to meet specific criteria, including generating a minimum revenue of US$20 million (S$25.8 million) or achieving a year-on-year growth rate of 30 per cent or more; being headquartered in Asean or having a strong presence in the region; and having a clear environmental, social and governance strategy. Granite Asia senior managing partner Jenny Lee told The Straits Times: “We are proud to announce the inaugural NextGen Tech 30, exemplifying our commitment to bridging private and public markets in South-east Asia.” #Growth #Startup #Tech #Business #Investment #ASEAN I Timothy Goh I