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SME Featured APAC

APAC’s Plug and Play unveils new programs to accelerate startup, SME growth

Singapore – Global innovation platform Plug and Play has recently concluded its APAC-centric summit last 1 to 2 June, in which the firm introduced three new programs for startups and SMEs. 

The three new programs are the ‘Sustainability Program’, ‘Business Solutions Accelerator by Facebook’, and its ‘GK – Plug and Play Program’. 

In the virtual event, it was announced that the ‘Sustainability Program’ seeks to provide the tools and network for startups with disruptive technologies that will allow them to empower big corporations to meet their green initiatives.

Part of the solutions instated include equipping SMEs forward thinking into creating sustainable supply chains, implementation of digital technologies for sustainable production, training and advisory for sustainable practices, and compliance or certification of sustainable practices. 

Jupe Tan, managing partner at Plug and Play APAC, commented, “This year we celebrate our 15th anniversary with a global team of almost 600 across 35 cities around the world. We will look to actively invest in technologies that focus on enhancing our living environment and address our resource constraints in a sustainable manner that reduces emissions and efficiently uses natural resources.” 

Meanwhile, the ‘Business Solutions Accelerator by Facebook’ will be made possible by Facebook and the Asian Development Bank (ADB) to which Tan describes as an innovation catered to looking into areas such as cleantech and clean energy, sustainable agriculture, inclusive fintech as well as inclusive healthcare.

Through the accelerator, Facebook is looking forward to nurturing and collaborating with technology partners that share Facebook’s commitment to improving the merchant experience for businesses across the Facebook family of apps. Program benefits include product education, dedicated Facebook mentors for guidance on product development and business growth, networking with fellow startups and ecosystem enablers, insights into industry and innovation trends.

Lastly, the ‘GK Plug and Play’ aims to make innovation within reach for enterprising groups and individuals. Plug and Play aims to build a smart future by connecting innovation to the brightest minds, as well as building a unique ecosystem as their mission that connects change-makers and leading organizations. So far, the accelerator program has run 8 batches and accelerated 123 startups giving them enhanced access to mentors, investors, and corporations.

On the program with Facebook and ADB, Tan said, “I am proud to announce that we have embarked on a regional partnership with the Asian Development Bank through ADB Ventures, the new venture arm of the ADB. Together with ADB Ventures, we hope to source for and invest in bold technology startups that are working to solve Asia Pacific’s biggest unsolved problems. 

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SME Featured Southeast Asia

Biz accelerator Plug and Play launches pilot GIA tech showcase in PH for startups

Singapore – All-in-one global business accelerator and venture capital firm, Plug and Play, in APAC, has announced the launch of its inaugural Global Innovation Alliance (GIA) Tech Showcase program in Manila, an event enabling startups and SMEs to connect with overseas businesses and tech communities. This is in partnership with Singapore government agency Enterprise Singapore.

Through the Tech Showcase, startups and SMEs will have the chance to pitch their solutions to different business difficulties provided by Plug and Play APAC’s network of corporates. The program will include business matching across the span of a month. 

Furthermore, the Tech Showcase will have a panel session on the topic of ‘Financial Inclusion’ and ‘Fintech landscape in Manila’. The panelists invited for the session are senior executives from Filinvest Development Corporation, and the Rizal Commercial Banking Corporation, as well as start-ups from both Singapore and the Philippines. 

The event will also be graced by the Singapore Minister of State, Alvin Tan, and the Philippines Undersecretary of Competitiveness and Innovation Group at the Department of Trade and Industry, Dr. Rafaelita Aldaba.

Rachael Sum, regional director of Enterprise Singapore in Manila Overseas Center, commented that they look forward to working with Plug and Play in the Global Innovation Alliance (GIA) program in Manila. 

“Through the GIA program, we will help plug Singapore SMEs and startups into the Philippines’ vibrant innovation ecosystem. This will create opportunities for Singapore and the Philippines enterprises to work together and co-innovate,” said Sam.

Meanwhile, Jojo Flores, co-founder of Plug and Play, also shared, “The fintech trends for 2021 are continuously gaining momentum and we have yet to see how these smart technologies will transform the finance industry as we face the recovery phase of the global crisis. I am excited to hear from the startups that are pitching at the event, how their product can offer innovative solutions in areas such as financial inclusion here in the Philippines.” 

The GIA Tech Showcase program in Manila will be held virtually on 24 March 2021, from 2:00 pm SGT to 4:00 pm SGT.

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Technology Featured Southeast Asia

Nestlé partners with innovation platform Plug and Play in driving innovation efforts across SEA

Jakarta, Indonesia – Food and nutrition company Nestlé has teamed up with Plug and Play, a Silicon Valley-based innovation platform, in an effort to boost innovation opportunities and efforts in the Southeast Asia region.

The recent partnership entails Nestlé enabling the leverage of Plug and Play’s innovation expertise and ecosystem of startups, corporations, and investors, enabling the company to accelerate its innovation capabilities for future food technologies and solutions.

The Plug and Play Program was devised by the Indonesia president Jokowi Widodo in 2016 to drive the country’s innovation efforts within its startup ecosystem. Since then, they have created a thriving ecosystem of like-minded innovators where corporations, startups, investors, and government entities can collaborate to drive further innovation.

“I have witnessed the decline of many traditional and conservative companies because they failed to adapt to rapidly evolving industries. We are really proud that Nestlé Indonesia is partnering with us to embark on this pursuit of innovation and transformative excellence in the food industry,” said Halim Hartono, director of GK-Plug and Play.

Meanwhile, Guy Kellaway, communication director of Nestlé Indonesia commented, “For over 150 years, we have continuously focused on innovating our brands, products, systems, and technologies in order to remain relevant, and competitive. We look forward to this exciting partnership with GK Plug and Play which will drive our innovation efforts in the region.”

Nestlé is the sixth company to join the Plug and Play program, which has seen partnerships with automotive conglomerate Astra International, financial institutions Bank BNI, and Bank BCA, coal supplier ITM, pulp and paper company Sinar Mas Group, and the Global Innovation Alliance.