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Singapore tech SMEs and startups head to South-east Asia

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Paige Lim

Published Wed, Aug 3, 2022 · 05:58 PM

Edtech company Kinobi secured a partnership with several educational institutes in Indonesia through its participation in the GIA Jakarta Acceleration Programme in 2021. PHOTO: KINOBI
Water treatment startup Hydroleap partnered with Bangkok Industrial Gas to run a commercial project for a leading Thai beverage manufacturer, through its participation in the GIA Bangkok Smart Cities Tech Showcase in 2021. PHOTO: HYDROLEAP

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MORE technology-related small and medium-sized enterprises (SMEs) and startups from Singapore are entering South-east Asian markets, particularly Indonesia, Vietnam, Thailand and the Philippines, according to Enterprise Singapore (EnterpriseSG).

Over the years, the government agency has seen growing interest from Singapore companies in venturing out to the region, with many looking for partners to co-innovate, as well as seeking investors or clients that require their tech solutions, said Jonathan Lim, director for Global Innovation Network at EnterpriseSG.

In 2021, more than one-third of EnterpriseSG’s market access schemes under the Global Innovation Alliance (GIA), known as GIA Acceleration Programmes, were conducted in its 4 South-east Asia nodes: Jakarta, Bangkok, Ho Chi Minh City and Manila.

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Enterprise Singapore Singapore SMEs South-east Asia Technology

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