Italian industrial company Leonardo-Finmeccanica on Monday (May 23) announced it signed an agreement with Nanyang Technological University (NTU) to start a five-year research collaboration in integrated and innovative composites helicopter structure and aerodynamics.
The S$4.2 million research collaboration was signed in Rome and witnessed by Minister for Education, Universities and Research Stefania Giannini and Minister for Trade and Industry (Industry) S Iswaran at the Ministry for Education, Universities and Research.
This collaboration will enhance Leonardo-Finmeccanica's lead in advanced helicopter technologies and research capabilities and will provide NTU faculties and students unique access to helicopter industry expertise and know-how.
It will seek to further technology opportunities in the rapidly evolving rotary wing sector - whose changes are characterised by the progress in composite materials, reduction in hydraulics and dynamic components and growing efficiency in industrial processes, the company, which in April underwent a rebranding exercise to eventually be named Leonardo, added.
Joint projects may include research in innovative methods to advance the manufacturing of Leonardo-Finmeccanica’s products, through the use of new composite materials which are lighter and stronger. The collaboration will also expand aerodynamics research modelling, which can potentially improve overall flight performance, it said.
NTU had said in February the collaboration is expected to boost Singapore’s aerospace industry, and is also “well-aligned” with the Government’s Research, Innovation, and Enterprise (RIE) 2020 plan.
Source: Channel News Asia (published on 23 May 2016)
AHAdd a comment
The e-commerce market in Singapore is expected to be worth US$5.4 billion (S$7.46 billion) by 2025, according to a report by Temasek and Google released on Tuesday (May 24).
This is larger than the casino industry in 2015, which was valued at about US$4 billion.
The report found that Singapore's e-commerce market was valued at US$1 billion in 2015, with online shopping making up 2.1 per cent of retail sales - the highest proportion of all Southeast Asian countries surveyed.
Come 2025, Singapore's e-commerce market is expected to make up 6.7 per cent of all retail sales, behind Indonesia's 8 per cent, the report stated.
The report, which also looked at the venture capital and startup landscape in Southeast Asia, also found that as of 2015, Singapore is the most active country with 37 per cent of deal quantity and 72 per cent of deal value.
It found that Southeast Asia is the world's fastest growing Internet region, with an existing Internet user base of 260 million. This is expected to grow to 480 million users by 2020. Consequently, the Internet economy in Southeast Asia is expected to exceed US$200 billion by 2025, driven mostly by the growth of the e-commerce market, followed by online media and online travel, the report said.
Driving growth are three factors unique to the region: A young population, with 70 per cent under the age of 40, a lack of big-box retail, as well as a rapidly growing middle-class, the report said.
Source: Channel News Asia (published on 24 May 2016)
AHAdd a comment
Italy is the global leader in top culinary experience and food excellence. It is also a leader in the manufacturing of consumer and industrial food production and processing equipment. Italian agriculture boosts the highest yields and productivity per hectare in the world, as it features one of the most innovation driven agrotech industries globally. Italy is also undergoing a deep transformation with vast consumer and business markets ripe for disruption. With its great culinary culture and its excellent products, Italy is the perfect location to validate and accelerate any foodtech disrupting company. Having the chance to iterate the product in Rome and testing it in the Italian market, dealing with all major Italian and international industry players, is an opportunity that hardly ever comes twice.
Startupbootcamp FoodTech is the leading global accelerator in foodtech, based in Rome to support and scale companies innovating and disrupting the food industries.Over the 3 months program, 10 selected high potential startups from across the globe will accelerate their companies with the help of our team of first-class entrepreneurs, investors and partners.In 3 months, the selected teams will achieve what normally would take you 18 months.Startups have until 19 September to apply to the program, with applications open to companies from across the world.
They are looking for high growth tech startups operating within the following segments:
For more details please visit: http://www.startupbootcamp.org/accelerator/foodtech.html
23-MAY-2016 (RK)Add a comment
Singapore's entrepreneurship ecosystem is having a steady start to 2016 despite startup valuations going south.
Serial entrepreneur Leslie Loh, who runs startup incubator Red Dot Ventures, said that the global economic slowdown, coupled with the pessimistic, cautious investing sentiment from the US, have rubbed off on investors in Singapore and Asia through the early part of the year.
Singapore funding in fact is up: US$275 million in 37 deals in the first quarter versus US$183 million a year ago. Last year's record was US$549 million with 31 deals in Q3, according to Tech in Asia Research. Total investment amount in Asia in Q1 2016 was US$17.29 billion in 850 deals, up from US$14.82 billion in Q1 2015. In Q3 2015, the numbers were US$22.2 billion and 1,063 deals.
Funding activity is likely to lag further with the expiry of the Technological Incubation Scheme (TIS) in June, said Mr Loh. This will cause a fall in the number of investments into seed-stage infocomm startups, a decrease of as much as 30 per cent in the next 1-2 years, he cautioned.
TIS is a scheme through which the National Research Foundation co-invests in seed-stage infocomm startups alongside tech incubators. Since 2008, it has backed over 145 startups. Mr Loh said: "Seed-stage investment is critical to the early-stage startup ecosystem as it provides bridge funding to develop sufficient deal flow for venture capital investment."
Source: The Business Times (published on 23 May 2016)
Add a comment
Join The Wall Street Journal’s Thorold Barker and experts Harry Briggs from BGF Ventures, Passion Capital’s Eileen Burbidge and Suranga Chandratillake from Balderton, on Wednesday, June 1, for an evening’s lively discussion on what happens after you’ve launched. You’ve had the great idea, you’ve got your core team, you’ve even received initial investment, but how can you now move forward? We have brought together a panel of leading entrepreneurs, mentors and investors to help answer that crucial question for any growing business.
6:30-7:00 PM:Check-in and refreshments
7:00-8:00 PM: Panel discussion and Q&A
8:00-9:00 PM: Networking and refreshments
Wednesday, June 1, 2016 from 6:30 PM to 9:00 PM (BST) - Add to Calendar
The Wall Street Journal - The News Building 1 London Bridge Street, London, SE1 9SG
Admission: 10£ (register here)
FMAdd a comment