Technopreneurship trends in southeast asia
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A recent presentation during the Innovation Hub sharing session
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Technopreneurship trends in southeast asia
- 1. Technopreneurship trends in Southeast Asia Presented by: Clarence Phua, Managing Director -AQUUS Asia Know thy self, know thy enemy. A thousand battles, a thousand victories. - by Sun Tzu, Author of the ancient Chinese: “Art of War” systems
- 2. TECH IS EVERYWHERE; AND INEXTRICABLE FROM OUR LIVES AND BUSINESSES. Thus for any entrepreneur today, there must be some form of technopreneurship • Advanced Analytics • Artificial Intelligence • Cloud Computing • Cloud Service Providers • High Performance Computing • Internet of Things • Machine Learning • Network Transformation • IT/PCs for Business Automotive – Communications – Education – Energy – Financial Services – Healthcare – Industrial – Retail
- 6. 6 Inspired, but localized for Southeast Asia • Siu Rui Quek of Carousell - Singapore • Chang Wen Lai of Ninja Van - Singapore • Leandro Leviste of Solar Philippines – Philippines • Iman Usman and Belva Devara of Ruangguru - Indonesia • Benny Fajarai of Qlapa - Indonesia • Sasha Tan of Favful - Malaysia • Chee HauGoh and Nadhir Ashafiq of TheLorry - Malaysia • Raeesa Sya, Bfab- Malaysia • Ye Wint Ko of Bindez - Myanmar • Lusarun “Trumph” Silpsrikul of Page365 - Thaliand These 20-somethings have dared to create promising businesses in a range of sectors, including ecommerce, logistics, mobile apps, and even renewable energy. Series B & C raised amongst them ranged from US1.5mil-100mil Rising “tech-stars” in the Region
- 7. 7 Disparities of Development • With Vietnam and Philippines earmarked as the “high-growth” markets, Southeast Asia is poised to be the limelight for new investments. • Infrastructure and geographic gaps posed challenges for widespread of tech advancements • Matured economy such as Singapore vs largely emerging markets
- 8. 8 Singapore establishing as the Regional IP Hub IP ValueLab, the enterprise engagement arm of the Intellectual Property Office of Singapore, aims to help businesses compete globally through providing solutions to capture value from their intangible assets. Makara Innovation Fund Makara Capital’s Innovation Fund (MIF) invests in small-to-mid cap companies that demonstrate proven and defensible intellectual property/technology and attractive pan-Asian growth potential, supporting their strategic developmental objectives including innovation and internationalisation. Leveraging Singapore as a choice hub, MIF deploys an interregional approach in (i) sourcing innovative companies with globally competitive technologies and solutions, and (ii) fostering organic and M&A strategies to accelerate portfolio company growth. The Fund’s sector focus includes: urban solutions (logistics, security, waste management, etc.), advanced technologies (AI, big data, cyber- security, nanotech, etc.), fintech, alternative energy, healthcare and bio-med. by the Intellectual Property Office of Singapore (IPOS) and home-grown private equity firm, Makara Capital
- 12. 12 Digital Adoption in SE Asia Mobile adoption in Asia is far ahead of the West, and SE Asia marks the highest rate Asia has four of the top 10 markets when it comes to smartphone adoption. Singapore and South Korea are tied for 4th place at (91%) Malaysia, Vietnam, Thailand and Philippines are also very high
- 14. 14 The Challenge is User Retention, and the Solution is Engagement & Experience The average Android app loses 77% of its daily active users (DAUs) within the first three days after the install, and 90% within the first 30 days
- 15. MOVING INTO “BRICK-AND-MORTAR”, SIGNALING THE DAWN OF NEW RETAIL: OMNI-CHANNEL CUSTOMER EXPERIENCE Amazon.com Inc. will acquire Whole Foods Market Inc. for $13.7 billion, a bombshell of a deal that catapults the e- commerce giant into hundreds of physical stores and fulfills a long-held goal of selling more groceries. Over the past two years, Alibaba has invested as much as $8 billion in brick- and-mortar retailing, acquiring stakes in local supermarket chains while privatizing Chinese luxury mall Intime for $2.6 billion in January.
- 17. 17 SHOPPER OF ONE • Unify in-store and online : Unify in-store and online shopping experiences and align all systems so that customers feel one seamless experience that traverses multiple channels, including a single unified inventory. • Offer a single view: Deploy IT solutions that offer a single view of the shopper across the enterprise. • Accurate understanding of shoppers: Build an accurate understanding of shoppers and unify customer data from both online and offline sources. • Consistent Messaging and Interactions: Deliver consistent messages and maintain two-way conversations with shoppers that seamlessly span the shopper journey: physical store and all digital device types (PC, tablet, phone, wearables) without creating any friction for shoppers.
- 19. 19 Taking it on at the Frontline – Unified Mobility Management Engagement and Interaction takes place right at the Frontline – The Retail/Sales Touchpoint. With today’s technology, we can deploy a “One- Platform” Device Management to ensure: • Instant and Dynamic Content • Consistent, yet tailored Interaction