EDB, the lead government agency in charge of industry development in Singapore, launched the latest edition of an Innovation Partnership pitch competition from 9th to 13th November 2020.
This is an unparalleled opportunity for European startups to access and pitch to leading Asian organizations.
The SEIPF is an online pitch programme that aims to help 50 innovative European startup finalists to pitch and gain access to decision-makers of leading Asian customers, investors and co-innovation partners across diverse industries like CapitaLand, DBS, Hitachi High-Tech Solutions, IHiS, JG Digital Equity Ventures, Olam, Sembcorp, Singapore Airlines, Singapore Post, Singtel, Singapore Tourism Board, Starhub, ST Engineering, UOB (list non-exhaustive, check the website for latest additions).
This one-of-a-kind, demand-led, 100% online pitch competition is one where the Asian companies themselves select the top 50 startup finalists.
All pitch decks and contact details of startup applicants are shared with the Asian companies for further contact after the event if there is interest. We wish to maximise the number of successful partnerships between both regions’ ecosystems.
Date: 9-13 November 2020, applications close on 02 October 2020
Venue: 100% virtual event
To submit their applications, startups must be headquartered in Europe (UK included), looking into expanding their footprint in Southeast Asia and provide solutions for one or several of the following sectors: FinTech, Smart Cities, Sustainability, Industry 4.0, Digital Healthcare, Agri & Food Tech, RetailTech & eCommerce, Marine Tech or Property Tech & Real Estate
For illustration purposes, these innovative solutions can be business applications relying on software, AI, AR, VR, 5G, etc… and deliver services digitally to industry corporations or their customers.
Main criteria – 80%
I – Adequation to the needs expressed by the Asian Corporates and Institutional Investors
S – Scalability potential beyond Asian Proof-of-concept
M – Strength of Business Model
C – Displayed strategy to expand in ASEAN and Asia
Secondary criteria – 20%
T = Team/Management and resources to support Asian expansion
U = Uniqueness/Innovation (Differentiation)
D = Sustainability/impact differentiator
F = Flexibility/adaptability of the use case to Customer needs
Final selection criteria
F = Fits with the Problem Statement of the corporates
A = This solution could bring direct added value to the business of the corporates
U = Uniqueness/Innovation/Disruption of the solution
L = Implantation of this company in Asia would bring value to Singapore
To submit your application you can do via the link https://innovationforum.sg/submission/