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News: Of Blue Skies, Ideas and Exploits


News of the Week


1. BlueSky Festival 2009

The annual BlueSky Festival, a festival which celebrates entrepreneurship in Singapore, will kick off on 10 July this year!  Organized by the Action Community for Entrepreneurship (ACE), this year’s festival starts off with a conference that focus on entrepreneurship, business growth strategies and inspiring stories that enterprises and individuals can learn to enhance their market position in these challenging times. Distinguished speakers include Mr Bo Fishback, Vice President of Entrepreneurship at Ewing Marion Kauffman Foundation and Dr Eric Yong Xu, co-founder of Baidu.com, amongst many others.

You can register or find out more here.

2. Incubator for Disruptive Enterprise and Start-ups (Ideas) Fund

The National Research Foundation (NRF) and Innosight Ventures has announced a S$10 million Incubator for Disruptive Enterprise and Start-ups (Ideas) Fund to help fund Singapore-based startups that offer disruptive products and services. The fund hopes to incubate 25 start-ups over the next three years.

You can read more on this in TODAY, or at EnterpriseOne.

3. Exploit Technologies Portfolio Companies Come Good

Curiox Biosystems, D-SIMLAB Technologies, Niometrics and SG Molecular Diagnostics, all portfolio companies of  A*Star’s Exploit Technologies, have each been awarded up to S$500,000 under SPRING Singapore‘s Technology Enterprise Commercialisation Scheme (TECS). There were a total of 21 awardees from 220 submissions, with the four were amongst the 13 winners in the Proof-of-Value category. The eight other winners were awarded under the Proof-of-Concept category.


  1. Hi Jeff,

    Yeah it seems like there may be somewhat of a conflict of interest for A*Star spinoffs to apply to TECS, which is essentially a government startup grant. This is especially since these boffins have almost every advantage over a private sector startup already.

  2. good round up daniel.

    re: innosight – finally a start or launch of the next fund after walden in the nrf family of funds. “disruptive” is exactly my kind of thing, interesting mix of team from innosight but i have a question on how many of them are actually full-time or partime (half at home / half golfing somewhere). not stellar but a good start nevertheless.

    re: TECS – I should think spin offs from A*Star usually takes a while with various internal rounds of R&D and commercialization funding. I am a little uncomfortable about them competing with the private sector folks who slave and slog to innovate with no salary. @daniel / others: what you think? should they be eligible? or should Spring and A*star setup a separate scheme together?

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