Thursday, June 13, 2024
HomeAsiaSingapore leads in clean tech and blue economy; FEBE unveils US$75M Fund...

Singapore leads in clean tech and blue economy; FEBE unveils US$75M Fund II

Dear reader, The special climate tech edition of The Global Startup Ecosystem Report unveiled during COP28 sheds light on the evolving landscape of Cleantech and the Blue Economy. This comprehensive examination delves into the interconnected yet distinct realms of sustainable solutions and ocean resource utilization. Singapore’s remarkable leap from 26th to 8th place in cleantech ecosystem categories underscores its burgeoning role in driving innovation, making it the sole Asian representative in the top 10. Meanwhile, Silicon Valley and London retain their global dominance in cleantech, holding the first and second positions, respectively. The report highlights Singapore as the unparalleled leader in the Blue Economy startup ecosystem, attributing its success to a high number of relevant startups and robust university support for innovation. This illuminating report reflects the dynamic shifts in global startup ecosystems and underscores diverse regions’ pivotal role in advancing climate-conscious entrepreneurship. Sainul, Editor.

Singapore remains top startup ecosystem for clean tech, blue economy In the Cleantech ecosystem categories, Singapore moved up an impressive 18 places, from number 26 to eight, says a report by Startup Genome and the Global Entrepreneurship Network; Silicon Valley and London remained the world’s leading cleantech ecosystems. Blibli’s gross profit climbs 59% in Q3, EBITDA loss narrows 28% The Indonesian e-commerce major posted US$237.4M for Q3 2023, which marked a 3% decline y-o-y; However, its quarterly gross profit for the same time frame climbed 59% to US$34.9M. Singapore’s early-stage VC firm FEBE Ventures unveils US$75M Fund II FEBE Ventures also partnered with Tekton Ventures to support globally-minded entrepreneurs leveraging tech for global progress, particularly in emerging economies; Otium Capital, an international family office, is the anchor investor. India and SEA’s climate tech sector set to reach US$350B by 2030 In 2022, global climate tech investments exceeded US$70B, nearly doubling the previous year’s record, with SEA and India contributing a 7% share; The study titled The Essence of Climate Tech for India and Southeast Asia was conducted by Golden Gate Ventures and Venture East. Vietnamese fashion supply chain platform Inflow lands US$2M investment The investors are AppWorks, 500 Global, January Capital, Spiral Ventures, and Saison Capital; Inflow provides fashion brands with tools and technologies to simplify the sourcing and manufacturing process and speed up time to market.


Most Popular