Landing Pad for Australian startups officially launches in Singapore

External view of BASH at Ayer Rajah in Singapore. Credit: Google

Australia has officially launched a Landing Pad for its startups in the Southeast Asian city-state of Singapore. The Landing Pad was establish through the joint efforts of the Australian Trade & Investment Commission and SGInnovate.

Located at BASH, a startup complex located in Singapore’s startup district, the launch of this facility follows Singapore and Australia deepening their ties through a Comprehensive Strategic Partnership (CSP) in 2015, that has seen both countries work on various joint initiatives.

In a speech at the opening of the Landing Pad , S Iswaran, the city-state’s Minister for Trade & Industry commented: “Australia and Singapore enjoy strong and longstanding bilateral ties; we have common interests and shared perspectives on a wide range of international issues; and we work closely together as like-minded partners on various multilateral platforms. Besides being strong trading partners, we are also major investors in each other’s markets.”

Through the Landing Pad, Australian entrepreneurs will have access to a network of contacts in Singapore and the ASEAN, as well as in-market business development, investment, and mentorship opportunities.

According to Iswaran, the two countries have been collaborating in science, technology and innovation, where the two share complimentary strengths. “Singapore offers a strong value proposition as a global partner for Australian startups,” he added.

The Landing Pad offers Australian startup ventures and their founders the chance to “traverse geographical and cultural boundaries, fostering an open mindset that enables collaborations and partnerships for innovation.”

Claiming that Singapore’s startup ecosystem has grown from 22,000 in 2003 to 48,000 in 2015, while the number of high-tech startups increased from 2800 to about 4800 over the same time period, Iswaran cited the example of medical technology startup Invitrocue, which helps pharmaceutical companies determine which vaccines, products, or devices are safe for humans before actual clinical testing commences. It listed on the Australian Securities Exchange (ASX) in January 2016.

The Landing Pad is also likely to serve a key role for Singapore, which is seeking to establish a Global Innovation Alliance, through which Singapore companies and institutions can connect and build networks with overseas partners in major innovation hubs and key demand markets.

Also Read:

No dearth of capital in SEA, valuations to be modest: Reapra’s James Bitanga

Australia: Google buys Kaggle; Equitise new platform; CIM Enviro Series A

Australia’s NAB Ventures leads $24m Series B in payments provider Veem

Australian varsities close $15m commitments for Uniseed follow-on fund

Microequities VC Fund backs Australia’s Outfit

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.