Startups • Entrepreneurs • digital economy

EY launches wavespace centre to help businesses transform through innovation
SINGAPORE (Oct 9): EY has expanded the number of wavespace centres worldwide to 18. With the launch of the latest wavespace centre at Robinson Road, local companies can collaborate with EY and transform their businesses with disruptive technologies. Seamlessly connected to the other 17 global centres, companies at the wavespace centre can work alongside similar businesses in other countries ...
UOB and NTUC launch digital innovation awards programme for SMEs
SINGAPORE (Oct 5): United Overseas Bank (UOB) and labour movement initiative NTUC U SME on Wednesday launched the SME Digital Leap Awards at the Winning in the Digital Economy for SMEs event, which saw the attendance of more than 200 SMEs. SME Digital Leap Awards is a dedicated digital innovation award to recognise small- and medium-sized enterprises (SMEs) and their employees in the fields of ...
Airbnb's China foe is said in talks to raise over US$200 mil
(Sept 28): One of Airbnb’s biggest Chinese rivals is in talks with Singapore’s sovereign wealth fund and other investors for more than US$200 million ($274 million) in new funding to take on the American home-sharing giant, according to people familiar with the deal. Beijing-based Xiaozhu.com, said to have been a potential acquisition target for Airbnb in 2016, lets users rent and host ...
By plowing millions into Uber, Toyota eyes the future of cars
(Sept 27): Toyota Motor Corp, Asia’s biggest carmaker, is preparing for a potential future where people don’t buy cars. That’s behind the hefty investments that the company has made in ride-hailing providers, most prominently the US$1 billion ($1.36 billion) that it poured into Southeast Asian leader Grab. Toyota sees the partnership as an opportunity to get Grab to buy more of its cars ...
Grab halts late-night car-pooling in Singapore after driver complaints
SINGAPORE (Sept 26): Ride-hailing firm Grab said on Wednesday it would stop offering car-pooling services during late-night hours in Singapore after drivers complained about some passengers being drunk and argumentative. Citing feedback from drivers who described intoxicated commuters vomiting in their cars or arguing with them during the ride, the company said it would stop its GrabHitch ...
NEC Corp launches Open Innovation Centre
SINGAPORE (Sept 25): Japan-listed NEC Corporation today announced the opening of the NEC Open Innovation Centre (OIC) in Singapore. This forms a part of the wider NEC Innovation ecosystem and reaffirms the company’s commitment to foster open innovation and partnerships with private and public sectors. Located in Biopolis, the OIC is supported by the Singapore Economic Development Board ...
Uber is in early talks to buy Europe's Deliveroo
(Sept 21): Uber Technologies Inc. is in early talks to buy food-delivery company Deliveroo for several billion dollars, according to people familiar with the plans. A bid for London-based Deliveroo, last valued at more than US$2 billion ($2.7 billion), would mark a major attempt by Uber to dominate the food-delivery business in Europe. An acquisition price is unknown. Any offer would need to ...
Singapore and Russia ink MOUs to foster closer collaboration between startup ecosystems
SINGAPORE (Sept 20): Singapore yesterday signed two memorandum of understanding (MOU), at the High Level Russia-Singapore Inter-Governmental Commission meeting. These MOU were signed to encourage collaboration between the two countries to co-create innovative tech solutions and products, as Enterprise Singapore sees potential for Singapore companies and startups to collaborate with Russia’s ...
Enterprise Singapore and Bpifrance call for proposals on joint France-Singapore innovation projects
SINGAPORE (Sept 18): Enterprise Singapore and Bpifrance are calling for proposals on joint innovation projects in technological and application areas including advanced manufacturing, clean technology and medical technology. Enterprise Singapore is a statutory board under Singapore’s Ministry of Trade and Industry, while Bpifrance is the agency charged to help French companies develop by ...
Enterprise Singapore launches Startup SG Network
SINGAPORE (Sept 17): Enterprise Singapore has today launched the Startup SG Network, an online tech startup database that supports the growth of the local startup ecosystem. As the latest addition to the Startup SG initiatives, this national platform enables local ecosystem players across over 30 technology sectors such as agrifood tech, medtech and urban solutions to profile themselves, ...