Singapore tech-enterprises aiming TiE for fundraising

Singapore's tech-heavy weights,will be represented by an 11-member delegation, led by state-owned trade promoter International Enterprise Singapore, to explore market specific product development opportunities and funding from some 4,600 delegates expected at The Indus Entrepreneurs convention (TIEcon) to be held in Silicon Valley this week.

The Indus Entrepreneurs (TiE) is partnering with the delegates in venturing into its global community of over 4,000 entrepreneurs, mostly comprised of Indians who led tech-startups in the 90s and are now investors putting USD 1 billion a year in new tech startups with focus on the Indian, Chinese and American markets, said TiE's Singapore chapter chairman Puneet Pushkarna.

“Singapore’s strong tech start-up base is ever growing and is focused on India, China and the United States,” Pushkarna added. According to him, the Singaporean participation, a first in TiEcon, will help channel investment into technologies and solutions for the world’s three largest markets.

"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.

TiE was founded in 1992 and has a combined value creation of over USD 300 billion worldwide. The organization is now seeking greater participation in technologies for expanding economies, where India is at the top of the list.

The convention will be hosting a special session on 'Destination India' on May 7, which will see leaders discuss 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.