Chinese tech giant will pump $100 million over three years into its Spark initiative, which aims to develop another four startup hubs in the region including Indonesia, Vietnam, and the Philippines, and nurture 1,000 startups.
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Singapore-based online property marketplace inks a merger deal with Bridgetown 2 Holdings, a special purpose acquisition company backed by Richard Li and Peter Thiel, which will see PropertyGuru list on the New York Stock Exchange before early-2022.
Most early-stage founders still are unable to establish or articulate real-world business problems their startups want to solve, which can hinder their ability to attract investors, says StartupX CEO.
Grants will be offered to help startups pilot their projects and a new zone has been dedicated to testbed drone technologies for maritime applications, as the country aims to be "Silicon Valley of the maritime world".