The Asian tech startup community is thriving on the back of numerous business events, highlighting Singapore as the go-to destination for startup capital and accelerating the pace of Singapore’s tech scene.
At the e27-organised event Echelon Asia Summit 2018 last week, more than 8,000 participants paid for entry to the event featuring 250 exhibitors, with participants from 15 countries such as Cambodia, South Korea and Kazakhstan.
Regional participation was significant with many startups pitching their successes to investors for capital.
Jala spokesman Syauqy Aziz said the company is looking at gaining more investments since its first US$25,000 seed money from Hatch Blue, a Norwegian investor. According to Syauqy, setting up an office in Singapore was part of the deal for the seed money. Jala is an aquaculture farm solution that provides online farming assistance and consultation service to help farmers increase their yields. It has presence in Java and has plans to expand to Sumatra in Indonesia, Vietnam and Thailand.
Consumer credit provider Finology founder Jared Lim said he hope to leverage on this event to set the stage for his company’s impending regional expansion into Indonesia. The Malaysia-based company attended the event to showcase its product and network with other startups.
Echelon Asia Summit 2018 also featured workshops and panel discussions on cryptocurrencies, blockchain, Internet of Things (IoT) among other topics. Several participants said that while the workshops were helpful, they benefited more from the networking opportunities at the event.
According to an angel investor who declined to be named, such events provided an opportunity to assess the scalability of startups pitching for capital.
