Southeast Asia also enjoys strong government backing for entrepreneurship, backed by a rising, affluent, middle class, said Scott Russell, president for Asia Pacific Japan at German software provider SAP, whose SAP.iO Foundry fund based in Singapore is in the process of accelerating seven early-stage startups. “We see innovative and ambitious startups developing across the region,” said Russell. “This is driving deal flow and overall interest from venture capitalists to invest.”
You May Also Like

November 30, 2022
Four Companies Collaborate to Support DX in Manufacturing

November 28, 2022
SAP.iO Foundry Singapore and HCLTech Launch Intelligent Enterprise Program

November 23, 2022