Spring Singapore awards S$6 million in grants to the startups, which spans industries including infocomms, electronics, engineering and medical devices, to assist them in developing "disruptive technologies".
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Rather than rely solely on in-house innovation, Asian companies are also turning to startups as an external R&D source to get first dibs to technologies to help further their business.
Singapore startup ZelRealm Interactive says its big data analytics technology, Sogamo, can help game app developers understand players' unique gameplay traits to boost monetization strategies.
Japanese telco hopes its 10 billion yen venture fund and new incubation program will help foster startups that can bolster its mobility business.
Venture capitalists with business experience and willingness to fund early-stage tech startups in Asia are few, but entrepreneurs need to be proactive, responsible and grow their businesses anyway.
Entrepreneurs need to recognize that growing a startup is not a one-man job, and managing employees correctly is critical if they want their business to sustain growth.