Singapore’s tech-heavyweights, with products designed for markets in India, China and the United States, is aiming to raise funds from The Indus Entrepreneurs (TiE) at a convention to be held in Silicon Valley this week.
An 11-company delegation, led by state-owned trade promoter International Enterprise Singapore, will explore market specific product development opportunities and funding from some 4,600 delegates expected at The Indus Entrepreneurs convention (TIEcon) to be held on May 6-7, said Puneet Pushkarna, chairman of TiE Singapore chapter.
The Indus Entrepreneurs (TiE) is partnering the delegates in venturing into its global community of over 4,000 entrepreneurs, mostly Indians who led tech-startups in the 1990s and are now investors placing USD 1 billion a year in new tech startups with focus on the Indian, Chinese and American markets, he said.
“Singapore’s strong tech start-up base is ever growing and is focused on India, China and the United States,” Pushkarna added.
“The Singaporean participation, a first in TiEcon, will help channel investment into technologies and solutions for the world’s three largest markets,” he pointed out.
Founded in 1992, TiE has a combined value creation of over USD 300 billion worldwide and now seeks greater participation in technologies for expanding economies where India is top of the list.
The convention has a special session on ‘Destination India’ on May 7, which will be addressed by leaders on the growing potential of the Indian market.
A high-power tech-delegation from India will be at the convention, joining global start-ups and presenting latest in the technologies to tech-investors.
“Our focus will be on the hottest areas of innovation, and discussions will be on markets, technologies and investments,” said Pushkarna, who sees Singapore as the second big technology hub after Silicon Valley.