MEDIA FACTSHEET Startup SG Founder Venture Building programmes supported over 300 participants in six months
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MEDIA FACTSHEET Startup SG Founder Venture Building programmes supported over 300 participants in six months MR No.: 014/21 Singapore, Tuesday, 23 February 2021 1. Enterprise Singapore’s Startup SG Founder Venture Building programmes have supported over 300 participants to become entrepreneurs since they commenced six months ago. Of this, close to 150 participants have graduated from the programmes. This was achieved through the support of five Venture Builders – Nanyang Technological University, National University of Singapore, Singapore Management University, Singapore University of Technology and Design and Singapore University of Social Sciences. 2. Announced in August 2020, the three-month Venture Building programmes are part of the enhanced Startup SG Founder scheme to groom aspiring entrepreneurs with no business experience to build and scale innovative startups. The Venture Building programmes help participants build a stronger foundation in entrepreneurship and develop innovative products or solutions. This is done through specially curated modules that focus on critical areas like business models, digital marketing and fundraising. Participants are also mentored by seasoned entrepreneurs and industry veterans which enable them to secure early market feedback on their business ideas with potential customers. 3. Key highlights from the first batch of Venture Building graduates: a. About 80% of the graduates are mid-career PMETs who came from various backgrounds including hospitality, education, social enterprise and technology, with the remaining being fresh graduates with backgrounds in business, engineering, architecture, psychology and data analytics; b. Graduates age range between 21 to 64 years old. Majority of the graduates are within the 21-30 year old age group; Page 1 of 8
c. Majority of the sectors ventured into are in up and coming sectors such as edutech, healthtech, eldercare and the built environment; d. More than 80% of the Venture Building graduates have gone on to pursue their startup ideas. 4. To provide live pitching and networking opportunities with potential investors and co- founders, 14 graduate teams showcased their business ideas at Founder IGNITE, a series of pitch events organised by Enterprise Singapore. Five winning teams each won close to S$40,000 worth of startup resources and support, such as co-working spaces and enterprise tools. (See full list of participating startups and sponsors in Annex 1 and 2) 5. The first Founder IGNITE pitch event was held today at JustCo and was graced by Minister for Trade and Industry, Mr Chan Chun Sing. Local and foreign investors and accelerators such as Ms Huang Shao-Ning (Chief Angel of AngelCentral), Ms Koh Shi Yan (Co-Founder and General Partner of Hustle Fund) and Mr Chirayu Wadke (Founding Member of XA Network) were also in attendance. 6. Enterprise Singapore will continue to work with partners to provide entrepreneurs with access to mentorship, incubation and co-innovation opportunities through the Startup SG programmes. 7. In November 2020, three more Venture Builders – 500 Startups, Antler and Entrepreneur First – were added, bringing the total number of Venture Builders to eight. Since the conclusion of the first batch of programmes, the eight Venture Builders have launched more Venture Building programmes. -End- Page 2 of 8
For media enquiries, please contact: Cassandra Wong Business Partner Corporate Communications M : +65 9129 8490 E : cassandra_wong@enterprisesg.gov.sg _________________________________________________________________________ About Enterprise Singapore Enterprise Singapore (ESG) is the government agency championing enterprise development. We work with committed companies to build capabilities, innovate and internationalise. We also support the growth of Singapore as a hub for global trading and startups, and build trust in Singapore’s products and services through quality and standards. Visit www.enterprisesg.gov.sg for more information. Page 3 of 8
ANNEX 1 List of startups participating in Founder IGNITE No. Startup Name Sector/ Industry Description 1 360green Urban Solutions [Startup info] Environmental sustainability through mitigation and offsetting of CO2 in (NTU programme) forestry as a nature-based solution. [Founder info] Dilveer Singh is the Founder and CEO of 360green. Dilveer is an environmental expert in the field of climate change, with over 6 years of environmental consultancy and audit experience for various industries and the carbon markets, with prior experience of managing the world’s largest environmental verification company in the entire Southeast Asian region. 2 CommerceHulk Enterprise Solutions [Startup info] One-stop integrated SaaS platform that connects and streamlines all (SUTD programme) essential processes & information for merchants to easily manage their e- commerce business across platforms. [Founder info] Lee Jie Hong graduated from the Singapore University of Technology and Design (SUTD) with a degree in engineering with a computer science background that focussed on software development and cloud architecture. During his time at SUTD, he was involved in the SUTD Technology Entrepreneurship Programme (STEP) which gave him the opportunity to work in Silicon Valley in San Francisco and Beijing. While at Silicon Valley, he interned at an AI/Data Analytics company that developed autonomous driving technology. 3 Deskpax Enterprise Solutions [Startup info] A web booking marketplace for co-working space operators to list available (SMU programme) space inventory and attract more mobile workforce clients. [Founder info] June Lee is a Revenue Management professional with 17 years of experience specialising in revenue optimisation, business trend analysis, pricing, and distribution. Prior to joining the programme, June held several positions in the hospitality industry across Southeast Asia and the Maldives. 4 Homebase Marketplace Platform [Startup info] HomeBase is a marketplace for buyers to buy home-based products and a software-as-as-service to streamline home- Page 4 of 8
based businesses to ensure seamless operations. [Founder info] Keefe Chan is a strong believer in bringing equality and fairness to the community through his technical skills, by creating software and platforms that can reduce entrenched social and economic disadvantages. Keefe has founded and co- founded startups, specialising in enterprise solutions in the past. Through HomeBase, Keefe hopes to help the home-based business community reach more customers through their platform. 5 Hummus Edutech [Startup info] Early childhood Edutech platform with voice interactive stories that (NUS programme) enables parents to track the learning abilities of the child. [Founder info] Melissa completed her Masters of Education at NTU in 2020. Prior to that, she served as an Assistant Vice President of OCBC Bank for 6 years. Upon receiving her Masters degree, Melissa created Mellaby (https://bit.ly/2YhvuGi), a social media account that provides tips for parents on child development, where she interacted extensively with parents and gained an understanding of their needs. 6 Kaleidoscope Edutech / Healthtech [Startup info] Kaleidoscope is a collaborative data-driven System of Support which provides (NTU programme) insights into the total wellbeing of a person that recommends actionable steps to unlock human potential. [Founder info] Joseph Kalaivanar has over 25 years of experience in growth marketing, digital product development and large project management. He has played a significant role in major projects in both the Services, Manufacturing and Education sectors. Apart from organising APAC’s largest trade events (Asian Aerospace, Asia Media Festival, etc.) and building Digital Learning solutions for large MNCs, he is also a Content and Community builder. 7 Kinobi Edutech [Startup info] A one-stop Digital Career Accelerator platform that provides education, (SMU programme) access to networks and branding for each person’s dream career. Page 5 of 8
[Founder info] Muhammad Hafiz Bin Kasman is an ex-management consultant in the Digital practice at Oliver Wyman, having led multiple engagements across Southeast Asia. Hafiz also worked at Hmlet, where he worked directly under the CEO on strategic and corporate development. Aside from his professional career, Hafiz is also a serial community builder – having built multiple mentoring programmess impacting 1,000+ students thus far. 8 Konnect Healthcare [Startup info] Konnect aims to address the rising need for soft food amongst the ageing (SUSS programme) population through an Ecosystem Technology Platform that will enlist recipe contributors, advocacy groups, and food producers to work in this space to supply soft food to the elderly. [Founder info] Michael Lim is an ex-Naval Officer who most recently managed a 350- bedder nursing home as a COO. He joined the VB programme in his 50s. 9 MediVR Healthtech [Startup Info] MediVR simulates real patients using VR and AI for medical schools to provide (NUS programme) accessible and standardised medical training and education tools. [Founder info] Aiden Koh graduated from NUS with a Bachelor in Mechanical Engineering and Second Major in Innovation and Design. He is currently the co-founder and Lead VR Developer of MediVR. Prior to this, he worked with a VR hardware startup that was recently acquired by Facebook Reality Labs. His startup idea won his team the SGTech-SoC Innovation Prize 2020 – Team Prize. 10 Model-up Edutech [Startup info] Model Up aims to gamify education content with a new form of hybrid (SMU programme) interactive learning. This includes digital and physical interactive components (e.g. letter blocks linked to online education content) to enhance children’s learning. [Founder info] Calvin Hia is a recent graduate of SUTD, graduating with a Bachelor of Engineering - Engineering Systems and Design. He participated in NUS Enterprise's Lean Launchpad Singapore programme and is a certified yoga instructor. 11 Kairos.ai Edutech [Startup info] AI enabled learning transfer coach to guide staff to apply job related (SUSS programme) knowledge at the workplace. MyiRFi helps Page 6 of 8
companies build up their knowledge base and dispense this to staff who need to use it. [Founder info] James Lee has over 20 years of consultancy experience in helping companies establish different type of management system and have assisted MNCs worldwide in implementation and deployment. 12 Proccoli Urban Solutions [Startup info] A B2B SaaS platform for the facilities management industry, which aims to (SUTD programme) help clients improve service quality and manage escalating operating costs through automation of procurement and workflow processes. [Founder info] Wang Wei Liang graduated from SUTD, specialising in Engineering Product Design (EPD) and was awarded the SUTD Undergraduate Merit Scholarship. Wei Liang involved himself in several engineering projects previously, including building an underwater robot and inventing an adjustable prosthetic socket for Diabetic amputees. 13 Scholaebot Edutech [Startup info] An education tech software engine that does content management and (NTU programme) content generation for schools. [Founder info] Genevieve Tan is a psychology graduate that is charge of the external operations and engagements in Scholaebot. She had about 5 years of experience as a private tutor for children to adult learner and understands the pain points of an educator in generating educational content. 14 Whyte Labs Edutech [Startup info] An educational robotics platform that is fun, interactive and one that is able to (SUTD programme) let kids explore to build their own projects. [Founder info] Jeremy Koh is an educator by day and robotics researcher by night and is deeply passionate about robotics and science and helping youths to unleash their own creativity. He was a senior engineer in DSTA and was involved in National Engineering Programme Centre (Simulation and Training). Page 7 of 8
ANNEX 2 List of sponsors Sponsors Startup resources JustCo Co-working space support with hot desking memberships for startup teams. Founded in 2011 and headquartered in Singapore, JustCo is Asia Pacific’s leading coworking company and a connector between people, busineses and ideas. Amazon Web Services Cloud credits to enable startup teams to build their digital products. We provides startups with low cost, easy to use infrastructure needed to scale and grow any size business. Zoho Coroporation Enterprise online productivity tools and applications to support startup teams in building With 45+ apps in sales, marketing, customer their foundation processes. support, accounting and back office operations, and an array of productivity and collaboration tools, Zoho Corporation is one of the world's most prolific software companies. HubSpot Knowledge sharing sessions and preferential rates offered for HubSpot’s digital enterprise HubSpot’s CRM platform has all the tools and solution tools. integrations enterprises need for marketing, sales, content management, and customer service. Dropbox Digital enterprise workspace packages to enable work efficiency for startup teams. Dropbox is a leading global collaboration platform that’s transforming the way people and teams work together. Dropbox is used by more than 600m registered users across 180 countries. Page 8 of 8
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