NTUIC and Techsumption Ventures Announce Strategic Collaboration on “Win the Future” Venture Contest for International Entrepreneurs (Singapore) 2019

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Nanyang High-Tech Innovation Center (NTUIC), a technology innovation organization and service platform that spun from the Nanyang Technological University (Nanyang Technological University — NTUitive PTE LTD) in Suzhou, and Techsumption Ventures (Techsumption), a venture acceleration lab focused on driving market validated technologies and products to APAC, announced a strategic partnership to collaborate on “Win the Future” Venture Contest for International Entrepreneurs (Singapore) 2019 (www.techsumptionventures.com), an initiative spearheaded by the Suzhou International Elite Venture Week Alliance to support foreign entrepreneurship and foster cross-cultural exchange in business. Winning participants will get access to millions of RMB in support and funding to achieve their start-up dreams in China.

Since 2009, in order to help more overseas high-level talents to start their business in Suzhou, Suzhou as a pioneer, created the platform – Suzhou International Elite Venture Week, to serve overseas high-level talents. Based on the theme of gathering global wisdom and creating a paradise for startups, the event has obtained great reputation world widely and gathered thousands of talents globally to China. It assists these talents to achieve their dreams of innovation and entrepreneurship. This inaugural Singapore leg of the contest will be hosted in CoSpacePark, Singapore’s premier co-working space for budding start-ups and entrepreneurs on June 8, 2019. A total of 10 high potential start-ups have been selected from close to 100 applicants, in industries such as artificial intelligence, virtual reality, medical technology, industry 4.0, hardware and IoT, and blockchain. The winners of the Singapore leg of the contest will represent Singaporeto participate in the grand finals of the contest held in Suzhou during July 2019.

“We are very happy to represent Suzhou International Elite Venture Week Alliance to organize this contest in Singaporeand are honored to be working with Techsumption and many other prominent local partners to find high quality entrepreneurs and start-ups based in Singapore,” said Alec Xu, Director of NTUIC. “In Suzhou, there are already many successful teams from Singapore. As a Suzhou technology organization, we also hope to foster more collaboration linkages between China and Singapore, and help with cross-border landing pad opportunities,” added Alec.

Singapore being chosen as the regional event hub shows the increasing confidence and faith that the Suzhou government has placed in our Singapore based start-ups and entrepreneurs,” said Jeremy Tan, Techsumption’s Operations Representative. “Our team is honored and excited to be hosting this competition with NTUIC, and believe that through the very successful first run of the contest, will demonstrate the incredible resilience and resourcefulness of Singapore based entrepreneurs and start-ups,” added Tan.

For this event, Techsumption is also partnering with a host of distinguished community partners including but not limited to CoSpace Park, Singapore’s premier co-working space for start-ups and entrepreneurs, renowned venture capital fund, TRIVE, global blockchain incubation platform, LongHash, Silver Stone, CHGG, she1K, FESO ASIA, Jumpstart Media and PINC 360.

“It’s an honour to be able to host and support the effort to bridge Singapore and Suzhou through this event led by Techsumption and NTUIC. This is in line with our goal to provide work space resources and community access for aspiring entrepreneurs to and from Singapore,” said Glenn Tan, Director of Business Development at CoSpace Park.

Selections for this event has concluded. Interested members of the public in the start-up scene who would like to take part in this event are encouraged to head to www.techsumptionventures.com to sign-up and take part in this exciting event. Registration will close on 6th June, 2019.


SOURCE Techsumption Ventures