Asian incubators lack proactivity, specialization
Incubators in the region need to be more proactive in nurturing startups, going beyond providing facilities, and be more focused on specific technologies to spur innovation.
Incubators in the region need to be more proactive in nurturing startups, going beyond providing facilities, and be more focused on specific technologies to spur innovation.
Online scrapbook's analytics tool may be good at identifying what interests target audience, but it is rough around the edges and its small Asian user base diminishes its appeal to regional companies.
China saw overall number of venture capitalist investments drop 40 percent, though size of deals were stable; India's rise continued with 17 percent growth, characterized by late stage investments and smaller sized deals, according to Ernst & Young report.
The region is an easier market for entrepreneurs to find their feet partly because of the opportunity gaps and the option to leverage social media, such as Facebook and Twitter, which are blocked in China.
Technology companies founded by Indian and Chinese entrepreneurs are on the upswing in the U.S., and runs counter to the overall drop in companies started by immigrants over the last six years.
Many companies prefer investing externally for innovation, but setting aside funds for employees to develop their ideas can work if a balance is struck between staff autonomy and corporate control.
The fund, jointly created by KakaoTalk's developer and South Korea's Small and Medium Business Administration, aims to support the country's rapid growth of startups in the ICT sector especially in mobile technology and apps.
Administration of president-elect Park Geun-hye is planning to foster tech startups and help them secure funds through angel capitalists, in a bid to revitalize economy and create more jobs.
Video streaming startup Viki.com is tapping a "passionate" user base to grow its business, and its success can be seen by its partnership with Universal Music Group announced today.
Operator of South Korea's largest Web portal wants to help ensure the growth of smaller IT companies and venture startups, amid antitrust investigations over its alleged unfair business practices.