- The inaugural Tech Nation International Growth programme is part
of the UK Government Digital Trade Network
- 12 UK companies forms the first cohort to set up shop in Singapore
SINGAPORE - Media OutReach - 5 April 2021 - 12 UK
tech scale-ups formally undertake the Tech Nation International Growth
Programme in Singapore today. The programme, led by Tech Nation, the UK
tech scale-up experts, is part of the Digital Trade Network, a newly commissioned initiative by the UK Government, to
assist innovative British
tech companies access trade and investment opportunities and forge new
international partnerships across Asia Pacific, including Singapore.
This
initiative comes as the UK looks to deepen its relationship following the
UK-Singapore free trade deal signed last year, which has opened more
opportunities to boost trade and investment between the two countries, the UK
has also committed to scoping a UK-Singapore Digital Economy
Agreement (DEA), with the aim of launching negotiations in 2021.
Tech Nation is working in collaboration with
Plug and Play, who will create an in-market entrepreneur network in Singapore
to help these scale-ups make the leap, as well as the UK Department for
International Trade in Singapore to deliver this international
programme.
The first cohort of
companies from the UK looking to explore new opportunities here includes:
- Seed
Legals
- Wazoku
- Wondrwall
- Assuria
- Cambridge
Intelligence
- Topolytics
- Dataswift
- Firefly
- Dynamify
- Flexciton
- BankBI
- Everledger
Please refer to
Annex A for company profiles.
Talking about the launch of
this programme, Gerard Grech, CEO of Tech Nation said: "Singapore is an
extremely important partner for the UK tech sector, and a country that shares
our success in this field. We can't wait to see the success that our
International Growth Programme in Singapore, as part of the Digital Trade
Network, brings to both countries.
As found in Tech Nation's 'Unlocking Global
Tech' report, for UK companies, Singapore was one of the fastest rising
global opportunities for trade, climbing 5 places in the rankings for global
tech opportunity between 2019 and 2020.
These 12
digital tech companies have been selected from Tech Nation's network of 800 UK
tech scale-ups who have been through our growth programmes over the past seven
years. The International Growth Programme in Singapore is just a first step for
Tech Nation as we help more UK digital tech companies identify opportunities to
enter and grow into Southeast Asia.
The UK's
tech sector, driven by fast growing tech scale-ups, is already growing six
times faster than the rest of the UK economy combined – the UK tech start-up
and scale-up ecosystem is valued at almost $600bn and the UK has produced 80
unicorns.
Thinking
globally is now vital for UK tech and Tech Nation. 80% of our latest Upscale
cohort cited international expansion as their number one challenge, so this
International Programme in Singapore is key to the next stage of growth for UK
tech."
Sam Myers,
Her Majesty's Trade Commissioner for Asia Pacific at the UK Government
Department for International Trade said: "The launch of the first Tech Nation
International Growth Programme for UK tech scale-ups in Asia Pacific highlights
the importance of Singapore and the wider region for the UK's future. This is
yet another way Singapore and the UK can continue to collaborate in the digital
economy. Collective action with our partners will be vitally important to
address global challenges and harness the benefits of the digital age."
This week
also sees the selection of the first cohorts of the Digital Trade Network's
International Growth Programme in Australia, Japan and South Korea. Due to
overwhelming interest from UK tech companies in Asia Pacific, Tech Nation is
also providing a series of webinars, bootcamps and interactive workshops over
the next few months to support UK tech scale-ups looking to grow their
businesses into this region.
Tech Nation will continue to work closely with the UK
government to help more UK tech companies enter new markets like Singapore,
while also providing links for Singapore's businesses into tech clusters across
the UK.
Annex A
Seed Legals
At SeedLegals, we make
it super easy for startups to raise investment and manage company equity — all
at a fraction of the cost of traditional service providers. No paper. No law
firms. No accountants. Everything's done digitally on our platform. We launched
in 2016 as the world's first (and remain the world's only) automated legal
service for funding rounds and today we are the largest closer of funding
rounds in the UK. Read more at https://seedlegals.com/.
Wazoku
We are an innovative SaaS business
helping to change the world one idea at time. We are the global home for all
ideas, giving a voice and role to everyone in the innovation process. Read more
at https://www.wazoku.com/.
Wondrwall
Wondrwall is technology
company dedicated to changing the way we live and how we use energy. Combining
intelligent AI powered home automation, clean energy production and super
efficient heating systems, our solution helps the worlds homes, save money,
time and the environment. Read more at https://wondrwall.co.uk/.
Assuria
Assuria provides trusted cyber
security software solutions and managed security services that power Security
Operations Centres, IT Protective Monitoring services and IT Assurance services
in more than 20 countries worldwide. Read more at https://assuria.com/.
Cambridge Intelligence
Cambridge Intelligence build data
visualization tools that make the world a safer place. From law enforcement to
cyber security and fraud detection, we work with organizations around the
globe. Every day, thousands of analysts rely on our software to 'join the dots'
in data and uncover hidden threats. Read more at https://cambridge-intelligence.com/.
Topolytics
Topolytics, based in
Edinburgh, is a data analytics business that is making the world's waste
visible, verifiable and valuable. The company's analytics platform WasteMap®
ingests detailed data on commercial, industrial and post-consumer waste from
many sources to generate actionable insights for waste producers, the waste
industry, investors and regulators. WasteMap® applies machine learning and
geospatial analytics to overcome the inaccuracies and data vacuums that
currently hinder greater resource recovery globally. Topolytics is acknowledged
by Cleantech Group, IDC, Frost & Sullivan, SAP and Google Cloud as a
leading AI and analytics player in the €2Bn 'waste tech' sector. WasteMap® is
at the centre of the UK Government's prototype system that will digitally track
all the UK's waste. The company is building an international ecosystem of
customers and data partners. Read more at http://www.topolytics.com/.
Dataswift
Infrastructure for
personal data access, storage, and portability. Dataswift liberates the value
of personal data. Untethering it from central silos and distributing it to
individual Personal Data Accounts. Fully owned, fully accessible, fully
permissible. Read more at https://www.dataswift.io/.
Firefly
Firefly is the platform
for parent engagement and learning continuity. Every day, we connect schools
and homes, extending school life beyond the classroom. Read more at https://fireflylearning.com/.
Dynamify
Dynamify is an omnichannel food
ordering platform, white-labelled by the world's largest contract caterers who
deploy the plug and play technology in their own branding within
"off-the-high-street" restaurants (workplaces, universities and schools,
hospitals, venues, and airport lounges). Read more at https://dynamify.com/.
Flexciton
Flexciton is an award-winning company
that uses cutting edge technology to optimize the planning and scheduling
decisions for the world's most complex manufacturing plants - semiconductor
wafer fabs. Flexciton's mission is to apply cutting-edge technology to industrial
data to make industrial efficiency improvements that would be impossible for a
human to do on their own. Read more at https://www.flexciton.com/
BankBI
BankBI
is a cloud based out of the box financial performance management application
delivered via a software as a service (SaaS) subscription model. Available on
any device, anytime and anywhere, BankBI offers senior management in banks,
credit unions and the microfinance industry the chance to measure, monitor and
manage their business in real time using industry standard ratios and
dashboards. Based around the integration of a minimum data set, BankBI delivers
rapid time to value and a guaranteed successful project outcome often not
achievable from traditional business intelligence and data warehousing
projects. Read more at http://www.bankbi.com/
Everledger
Everledger is the digital
transparency company. We develop technology to create a secure and permanent
digital record of an asset's origin, characteristics and ownership on the
blockchain. This transparency helps industries respond to growing expectations
for sustainable, verifiable sourcing. Read more at https://www.everledger.io/
About Plug
and Play
Plug and Play
is a global innovation platform. Headquartered in Silicon Valley, we have built accelerator programs, corporate innovation services and an in-house VC to make
technological advancement progress faster than ever before. Since inception in 2006, our
programs have expanded worldwide to include a presence in over 30 locations
with over 450 official corporate partners. Companies in our community have
raised over $97 billion in funding, with successful portfolio exits including
Danger, Dropbox, N26, Rappi and PayPal. For more information, visit https://www.plugandplaytechcenter.com/asia-pacific/
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