startups in asia

The US bank’s downfall may allow countries with strong financial standing like Singapore to swoop in and win startups’ trust.

It is eyeing early-stage startups in the region and will offer up to US$300,000 in benefits and credits for technology access.

Project AsiaForward aims to empower 100,000 developers and help grow 100,000 tech startups in the region over the next three years.

Through Asian Fund IV, it plans to capitalize on opportunities stemming from rising consumption and urbanization trends.

Sherpa Ventures aims to bring the startup ecosystem of Africa and Asia Pacific closer by accelerating partnerships between startups from both regions.

Half of Asia’s total funding amount last month went to China, followed by India, South Korea, Japan, and Singapore.

Asia saw over 400 funding deals made this month totalling over US$5 billion, down from last month’s US$19 billion.

In its latest report, Startup Genome calls for a “new normal” to support startups and the tech economy.

It is set to be launched in Japan next in 2020.

A roundup of the latest news from around the region.