Real estate developer Japan Land has completed its new Jurong Data Centre in Singapore.
The new centre in Singapore has seven floors covering more than 34,000 square metres, of which 30 data suites are dedicated with separate engineering facilities.
The project has a positive impact on Singapore’s role as a regional info-communications centre. Its customers include Singapore Telecommunications, Singapore Power Telecommunications, fibre-optic broadband company OpenNet and Axia NetMedia.
Asia Pacific’s data centre services market is expected to grow by US$10.68 billion by end 2011, based on figures from Frost & Sullivan. The demand for data centre space has been driven by the increasing demand for Internet services across Asia. This is also contributed by the Singapore’s government initiatives towards broadband and digital content development.
While Wikinvest’s main office is based in the United States (US), the company has invested in an offshore office in Singapore which does a lot of development work.
“We’ve had great luck attracting a team of some of the best engineers and that, combined with our partnership with the Infocomm Development Authority of Singapore (IDA), is really what makes it work for us,” said Mr Michael Sha, CEO of Wikinvest.
“One product that will be launching in early 2010 will be a revolutionary portfolio tracking tool that will help you easily keep track of your personal portfolio of investments,” he said.
Founded by US/Japanese entrepreneur and venture capitalist Joichi Ito, Neoteny Labs intends to incubate and invest in early-stage startups across Asia, and has selected Singapore to set up its first incubator.
Selected as one of seven technology incubators to participate in the S$50 million National Research Foundation (NRF) Technology Incubation Scheme (TIS), Neoteny Labs is on track to commence operations in Q1 2010.
mig33 has relocated its base from Silicon Valley to Singapore. Supported by the Infocomm Development Authority (IDA) in its engineering centre set-up in Singapore, it plans to grow and expand its presence in Singapore and in the region.
IDA provides developmental support for start-ups like mig33 to establish their engineering bases in Singapore. This is part of IDA’s efforts to develop Singapore as an innovation hub for entrepreneurial activities by VC-funded startups.
Seven new incubators have been selected to participate a co-investment funding scheme by the National Research Foundation. They include well-known Silicon Valley-based incubator, Plug & Play and Social Slingshot, an incubation set-up by Brad Greenspan, founder of MySpace.com.
Under the Technology Incubation Scheme (TIS), the government will provide up to 85 percent co-investment in each start-up identified by the incubators, capped at $500,000 per company while the incubator invests in at least 15 percent of the company.
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