Get2Volume and Tata Elxsi link up to grow startups in Singapore and India

Singapore startup incubator Get2Volume and India design company Tata Elxsi have announced last week a partnership to incubate and grow technology companies in their respective countries.

Tata Elxsi operates its own incubator, called incub@TE, and under this arrangement, it will offer its services to Get2Volume portfolio companies, providing infrastructure, mentorship, and go-to market support. Read more

eMenu provider TabSquare served USD480K in early stage funding from Get2Volume and NRF

TabSquare, a Singapore-based eMenu provider for restaurants, today announced that it has raised SGD 589K (USD 480K) from Get2Volume with co-funding from the Singapore National Research Foundation via the Technology Incubation Scheme.

The company is essentially an end-to-end service provider to restaurants and resorts. It offers a range of products, including interactive menus displayed from tablets, order management systems, real-time queue management systems, and self-order kiosks.

Besides supplying software, the company also provides hardware, security, internet connectivity, analytics, maintenance support, consulting, as well as marketing. Restaurants pay for these services through a monthly subscription, charged based on per tablet menu. Read more

ConnectedHealth, backed by former DBS, SIA and SingTel chairman, gets USD530k from Get2Volume and others

The United States is backwards when it comes to healthcare. It spends 15.2% of its GDP on medical services, the highest in the world, and yet ranks 50th in life expectancy. Remote health monitoring is one solution, since it enables patients to be taken cared of at home without needing to pay for expensive hospital stays.

Yet remote health monitoring is beset by lacks in connectivity standards, interoperability, and wireless monitoring devices. ConnectedHealth, a Singapore-based startup, aims to make wireless home health feasible.

The company, founded by Mike Holt, the CEO, and Hari Ramachandran, the VP for business development and technology, announced on 3 December that it has received USD530k from NRF-TIS incubator Get2Volume and US healthcare company Sovran. The technology incubator was also founded by Holt. Read more

Join the CES Singapore delegation and get your costs defrayed

Companies that join the Singapore delegation for the Consumer Electronics Show (CES) from 8-11 January 2013 in Las Vegas can get their participation costs subsidized.

The delegation will be led by tech startup incubator Get2Volume and the Singapore Semiconductor Industry Association (SSIA). Subsidies will be administered by the SSIA from LEAD, a government program to increase the competitiveness of Singapore companies.

CES is a well-established technology trade show which sees involvement from major tech brands. The delegation will get opportunities to demo their products, participate in press and investor roundtables, meet with industry leaders, and engage potential customers.

While the final subsidy amount will depend on the number of participants accepted, Get2Volume CEO Mike Holt tells us that the plan is to cover 50% of airfare, hotel and venue space. The shared space to be used by the Singapore delegation will be near to Logitech, Intel, and Seagate.

If you’re interested to apply, contact Lai Wah Yi of SSIA at wahyilai[at]gmail.com.

Sprooki gets USD 0.48M in seed funding from Get2Volume and NRF

Sprooki, a Singapore-based company that provides retailers with end-to-end mobile solutions to engage customers, has secured SGD 0.59M (USD 0.48M) in seed funding from startup incubator Get2Volume, in partnership with the National Research Foundation.

Sprooki has received a total of SGD 1M (USD 0.81M) in funds so far. It’s the second time Get2Volume has invested in the company.

Since the startup’s launch in October 2011, where it announced a tie up with Orchard Road mall 313@Somerset, it has partnered with over 60 mall and retailers in Singapore and Asia. Read more

Plunify, which makes chip design cheaper, faster and mobile, raises USD 484k from Get2Volume and NRF

Plunify, a Singapore startup that brings microchip design to the cloud, announced this week that it has raised seed funding of SGD589k (USD484k) from Get2Volume and the National Research Foundation (NRF).

Get2Volume is an early stage technology investor and incubator, while NRF is a government organization that promotes R&D in the country.

Chip design is an inherently complex process requiring sizable computing power. What Plunify does is offload some of the most demanding tasks to the cloud, which can complete these tasks faster than traditional methods due to its parallel computing capabilities and flexibility. Read more

Eight more incubators join Singapore’s Technology Incubation Scheme

The National Research Foundation (NRF), a Singapore government agency, has picked eight more incubators for its Technology Incubation Scheme (TIS).

The eight incubators are: Get2Volume, Golden Gate Venture Investments, Incuvest, Jungle Ventures, Red Dot Ventures, The Biofactory, The Network Fund (TNF), and WaveMaker Labs. Full details in the press release.

Under TIS, the NRF will co-fund up to 85 percent of total investment per company, or up to S$500k (US$400k), with the rest topped up by the venture firm. Only Singapore-based startups need apply.

The incubators can choose to buy out NRF’s equity share within three years of investment, at a price of 1.1 times capital in the first two years, and 1.15 times capital in year three.

Born in 2006, the NRF dictates the country’s direction for R&D by developing national policies and planning strategies for innovation, enterprise, and research. Read more