Techventure 2014 to be opened at MBS by Minister Dr Yaacob Ibrahim

Techventure 2014 to be opened at MBS by Minister Dr Yaacob Ibrahim
Technovation 2013

SINGAPORE - A two-day technology and innovation showcase organised by various agencies will be launched at the Marina Bay Sands Expo and Convention Centre tomorrow by Dr Yaacob Ibrahim, Minister for Communications and Information.

The event will culminate in the Business Pitch Competition which will see 16 companies pitching against each other for the Top Pitch prize of S$50,000 awarded by Infocomm Investments Pte Ltd.

Over 700 delegates from Singapore, Hong Kong, Korea, Taiwan, Switzerland, Malaysia and the US will be in attendance. An estimated 120 startups from the engineering, advanced manufacting, clean energy, water technology, biotechnology and infocomm technology sectors are putting up exhibits.

Techventure 2014 will showcase a number of innovative technologies and solutions such as a medication management system for hospitals, nursing homes and clinics to prevent errors in prescription of medication, a home energy management system for households and small businesses as well as a cybersecurity software to prevent hacking.

The event, which has attracted 100 local and overseas investors, will feature pavilions housing startups under the same incubator or venture capital fund for the first time.

These pavilions include investment partners under the National Research Foundation's Technology Incubation Scheme and i.JAM, Korea Institute of Startup & Entrepreneurship (KISED), Start-Up Chile, Taiwan's Institute of Information Industry, DBS Bank and more.

Dado Banatao, co-founder of three technology startups, will be delivering a keynote speech at the event that will touch on key opportunities, growth areas and trends for the next global game changer. He believes that infrastructure development across Southeast Asia could be a huge opportunity for technology-based investments.

The event is co-organised by the National Research Foundation (NRF), Prime Minister's Office, Singapore, Exploit Technologies Pte Ltd (ETPL), the technology transfer arm of A*STAR and SPRING Singapore (SPRING).

ssandrea@sph.com.sg

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