Market Overview

SparkLabs IoT & Smart City Accelerator Expands Presence to Singapore and Partners with IncuVest

Share:

SONGDO, South Korea, Nov. 26, 2018 /PRNewswire-PRWeb/ -- SparkLabs Group (http://www.sparklabsgroup.com), a global network of startup accelerators and venture capital funds, expands its IoT & Smart City Accelerator's presence to Singapore.

SparkLabs IoT program (http://www.sparklabsiot.com) has a unique and exclusive relationship with Songdo, a US$35 billion smart city built from the ground up in South Korea. The accelerator program is a global program with startups from the North America, Europe, and Asia. It invests $50,000 for up to 6% in a company.

"We are excited about expanding our presence to Singapore. It will still be a global program, but will leverage Singapore's leadership in designing and developing smart cities around the globe. Bringing Ronnie Wee and the IncuVest team on board, strengthens our team. This combination of our global network and deal flow, Songdo and South Korea's innovation leadership and Singapore's world-class urban planning, development and global projects, creates incredible opportunities for our companies and partners," said Jay McCarthy, Co-founder of SparkLabs Group.

IncuVest is a Singapore-based early-stage investment and services. The firm was founded by investors, corporate executives and successful serial entrepreneurs with extensive experience in startup investing and building businesses across Asia.

"We see tremendous opportunities by combining the breadth, depth and experience of both SparkLabs and IncuVest to source, invest and deploy world-class, smart city and IoT solutions globally. IncuVest, and our partners, have been actively identifying, investing and deploying deep tech solutions, with strong support from the Singapore government. Our partners include global leaders in smart city design, planning, development and management, which provide an interesting piloting and go-to-market channel for our startups," remarked Ronnie Wee, Co-Founder and Managing Partner of IncuVest.

About SparkLabs IoT
Located in the world's first smart city, Songdo, SparkLabs' IoT Accelerator focuses on startups positioned where hardware and software converge, particularly in the IOT, smart home, infrastructure, and logistics sectors. Open to local and overseas startups, program participants can take advantage of Songdo as a development center and test bed, while also having access to local and global corporations, investors, and suppliers and manufacturers in the world's most connected country.

The mentorship-driven program will be five months in length and provides funding, office space, a structure program and access to a top-tier network of entrepreneurs, venture capitalists, angel investors and executives. For more information, please visit http://www.sparklabsiot.com

About IncuVest
IncuVest is an early and growth-stage, tech investment platform. IncuVest focuses on IoT, AI, AR/VR, Industry 4.0, materials, smart city, and health tech startups.    http://www.incuvestasia.com

 

SOURCE SparkLabs

View Comments and Join the Discussion!