Blog
Taking commodities to the cloud with JustCommodity
3 August 11
A distressed asset, an emerging commodities trading market, and the development of a trading and risk management platform that is now ready to reach new heights. That, in short, is the story of JustCommodity. JustCommodity is an investee of Infocomm Investments Private Limited, a wholly-owned subsidiary of the Infocomm Development Authority of Singapore. Its Executive Vice President, Joel Lou said the company originated from the Resco Group, which was one of the lar...
Read MoreInfocomm Investments, Atomico Ventures, SV Angels, Founders Fund and others invest $10 million in Quid
26 July 11
Quantitative analysis startup Quid announced today funding of $10 million in its Series C round. Investors in the round include, Niklas Zennstrom's Atomico Ventures, Ron Conway's SV Angels, Peter Thiel's Founders Fund, Endeavour Vision, Korean investor Charles Lho and Infocomm Investments. Quid was founded in 2009 to locate, collect, organize, model and visualize vast amounts of open information from around the world. It counts Microsoft as one of its clients. Quid's C...
Read MoreViVOtech partners with IDA to showcase NFC services
27 June 11
Near field communications company, ViVOtech, recently announced a contract with Infocomm Development Authority of Singapore (IDA) to develop and implement a showcase for rich mobile NFC services. ViVOtech is one of the companies supported by Infocomm Investments to expand its operations to Singapore. ViVOtech's NFC service showcase would leverage existing IDA’s Digital Concierge (DC) enablers and services such as taxi booking and remote payment services to improve customer...
Read MoreAsia now a growing market for mobile app downloads
27 June 11
Asian countries are becoming increasingly important in terms of app downloads, according to research firm Distimo. This Distimo publication covers the Apple App Store downloads for iPhone for May 2011, and focuses on insights in market trends that are relevant for developers who want to grow their business in Asia. According to this report, China is now the second largest market in terms of total download volume, after United States. Other interesting findings include: -...
Read MoreSingapore government sets aside S$15 million fund for mobile app development
27 June 11
Infocomm Development Authority of Singapore together with NTUC's Employment and Employability Institute, SPRING Singapore and the Singapore Tourism Board, has earmarked S$15 million fund to develop mobile applications for service sectors. At the Infocomm Media Business Exchange (imbX) 2011 last week, Singapore's minister for information, communication and the arts, Yaccob Ibrahim said, "Government wants to harness opportunities presented by the mobile space and to develo...
Read MoreCloud Management Platform RightScale Comes to Singapore
10 June 11
RightScale, a global company focused on helping companies to manage their cloud computing solutions, sees Singapore as the ideal regional hub for cloud services, and has recently set up its Asia Pacific hub in the republic. Founded in early 2007, RightScale offers a fully-automated management platform that enables organisations to design, deploy, manage and automate business-critical applications on the cloud. While not a developer of cloud services, one of the key value pro...
Read MoreNUS JobsConnect in Pictures
7 June 11
Infocomm Investments partnered with NUS and JobsCentral to showcase startup job positions to graduate students at the recently held NUS JobsConnect event. Six companies participated in this job fair including: Viki, 24 Mobile Advertising Solution, Pivotal Labs, Cinemacraft, chumby and MoonShoot. Here are some pictures from the event [caption id="attachment_2039" align="alignleft" width="574" caption="Startup Booth"][/caption] You can check out the latest startup job p...
Read MoreStartup Careers at NUS JobsConnect
27 May 11
National University of Singapore along with JobsCentral is organizing a career fair for graduating students and its recent alumni this June 1st. We are setting up a booth exclusively for startups and will be bringing down 6 top-tier startups from Singapore. Why work for a startup? Working for a startup offers a set of unique experiences different from an MNC or corporate company. It offers a chance to work on new technologies, setting your own working hour and taking on mu...
Read MoreInfocomm LIVE! with Skype co-founder, Niklas Zennström
25 April 11
Niklas Zennström is heading to Singapore on April 29th and will be giving a talk on global entrepreneurship and emerging technology trends to students and entrepreneurs at the National University of Singapore. Zennstrom is the CEO and founder of Atomico Ventures which has invested in Seesmic, Rovio (creator of Angry Birds), Technorati, Playfire and 40 other companies. At Skype, he held the CEO position from its inception garnering over 309 Mil registered users within f...
Read MoreSingapore’s JustCommodity raises S$5.6 million in Series A round
12 April 11
Singapore-based commodity trading software company JustCommodity announced today funding of S$5.6 million from Extream Ventures, OWW Capital Partners and Infocomm Investments to expand its product offerings. JustCommodity is a leading software solutions provider catering to the commodity trading industry, particularly for the trading of edible oils. The company has a strong customer base in Asia including some big firms such as, Cargill Sime Darby, Asian Agri, Cargill...
Read More
