SINGAPORE: Infineon Technologies has joined forces with Singapore’s CapitaLand Investment and South Korea’s Hyundai Motor Group in a bid to help startups across Asia develop innovative solutions and applications for sustainability, future mobility, smart cities and smart factories. The German semiconductor giant, which in 2018 opened its first global Co-Innovation Space for startups in Singapore, will offer its Asia Pacific innovation ecosystem to the two companies, in separate partnerships, to

Lahore-based startup COLABS, which provides small and medium enterprises, entrepreneurs and freelancers with spaces and a tech platform to build and grow businesses, has raised$ 3 million in a seed round.... The round was led by Indus Valley Capital, Zayn Capital and Fatima Gobi Ventures, a press release issued by the company said, adding that it was the first time that three leading Pakistan-focused venture capitalists( VC) were investing together in a startup.... Its leadership team also inc

Lahore-based startup Zarya — a business-to-business social commerce platform — has raised$ 1.7 million in pre-seed funding, the company announced on Monday.... The app has over 3, 000 items at the moment, of which a significant portion is women's and children's clothing, it said, adding that the platform was expanding to include new categories such as abayas, shoes, socks, home textiles and makeup.... " Being successful at scale will require robust supply chain and process automation to ensure

PETALING JAYA: IOI Properties Group Bhd presented grants of RM50, 000 each to six selected promising startups under its IOI Kickstart programme. IOI Kickstart is aimed at providing a launchpad for new businesses in the field of property technology, agricultural technology and green solutions to realise their business ideas. After receiving 40 entries for the programme, 15 startups were invited to pitch their ideas.“ Only six out of those 15 groups were chosen and are believed to have business id

Join our Whatsapp channel Lahore-based startup Colabs, which provides small and medium enterprises, entrepreneurs and freelancers with spaces and a tech platform to build and grow businesses, announced on Thursday that it raised$ 2 million in Pre-Series A further funding round.In a press statement, the startup announced that it had “ raised an additional$ 2m in pre-series A, bringing the total to over$ 5m in venture capital funding from top investors ”.... It noted that “ despite the lack of go

BENGALURU: Food delivery firm Zomato Ltd shares on Friday nearly doubled in a stellar first listing of a local unicorn in India, setting the pace for a slew of such debuts by internet-based startups that are thriving during the COVID-19 pandemic. Berkshire Hathaway Inc-backed Paytm, hospitality company Oyo Hotels and ride-hailing firm Ola, both backed by SoftBank, are among the startups set to enter markets, riding on support from foreign funds and local investors. Shares of Zomato, backed by Ch

KUALA LUMPUR: The Ministry of Science, Technology and Innovation( MOSTI) will be launching the Single Window Initiative to strengthen Malaysia’s startup ecosystem by streamlining processes and consolidating resources under one platform. Its Minister Chang Lih Kang said the initiative will dismantle bureaucratic hurdles, expedite approvals and empower entrepreneurs to navigate the startup journey with greater ease." This is crucial in boosting our innovation scene towards achieving KL20 Summit’s

TEXAS: Mitsubishi Heavy Industries Ltd has joined the list of investors in startup Element Energy, which says its technology can prolong the life of batteries, including ones re-purposed from electric vehicles( EVs). The funding will help it launch a 50 megawatt-hour pilot project in Texas that redeploys used EV batteries to supply the grid. That site – with the storage equivalent of about 5, 000 home batteries – will go online early next year.... Commercialisation is expected by the end of 202

India presents a compelling case for those looking to manufacture, boAt's co-founder Aman Gupta said, highlighting that initiatives like Startup India and celebration of innovation has changed the mood of the nation towards entrepreneurship. The outspoken entrepreneur said at the recent Indo-French CEO Forum that he had spoken about boAt's own story being a testimony of how real the India startup opportunity is. The entrepreneur and investor whose stint with Shark Tank India made him a household

BERLIN: Video gaming entrepreneur Carlos “ Ocelote ” Rodriguez is turning to the US entertainment market after building one of Europe’s biggest esport franchises. Rodriguez is in talks with several streaming platforms there to develop and sell content based on his Berlin-based G2 Esports teams, their star athletes and Samurai warrior brand, the former professional gamer told Bloomberg. He’s joining a growing band of competitive gaming businesses that are pushing beyond tournaments live-streamed