Singapore, 22 January 2016 – The SPH Plug and Play accelerator programme is on the look out for its second batch of prospective start-ups from Singapore and around the region. This is a joint venture between media group Singapore Press Holdings (SPH), Silicon Valley-based global startup accelerator Plug and Play, and Infocomm Investments, the venture capital subsidiary of Infocommunications Media Development Authority (IMDA). Established in 2015, this accelerator programme is backed by the three partners’ combined networks as well as their industry knowledge and resources. It aims to help start-ups that have innovative tech ideas that will transform and revolutionise the media industry. Each successful startup will be entitled to SGD$30,000 seed funding, as well as perks and services such as cloud hosting, analytics, and video support worth up to SGD$200,000. The startups will also receive three months’ worth of office space in BASH (79 Ayer Rajah Crescent). Up to ten startups will be selected for a 3-month-long immersive program, where they can acquire in-depth domain and industry knowledge through SPH stakeholders and properties. They will also get business development and partnership opportunities through SPH regional partners, as well as market access in the United States and Europe though Plug & Play and IIPL offices worldwide.The inaugural SPH Plug & Play accelerator programme ran from April to October 2015 and attracted over 280 applicants from more than 10 countries. It culminated in a Demo Day held in October where the first batch of eight startups participated in a pitch to early stage investors and key industry players from Singapore’s media and start-up scene. Please refer to http://www.sphplugandplay.com/startup for profiles of the inaugural batch of eight startups. Mr Rudy Lim, Head of SPH Plug and Play said: “SPH presents a rich resource of networks, domain expertise and media assets, which could serve as the ultimate ingredient for media startups to accelerate growth. We welcome any startups innovating in the media space to come and speak with us.”Application closes on 22 February 2016. For more information on the SPH Plug and Play accelerator programme, visit Website: www.sphplugandplay.com
Facebook Page: www.facebook.com/SPHxPnPIssued by Singapore Press Holdings LtdCo. Regn. No. 198402868EFor more information, please contact:Carinna Goh (Ms)Marketing ManagerSPH Plug and Play Email: email@example.comYeo Siew Chi (Mr)
Corporate Communications & CSR
Singapore Press Holdings Limited
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Email: firstname.lastname@example.orgSPH MEDIA FUND
SPH Media Fund is the corporate venture capital fund of Singapore Press Holdings Ltd (“SPH”) with a fund size of S$100m. The fund has a global mandate and seeks to invest in early-stage innovative companies in the areas of Digital Media (including advertising technology and content aggregation/ distribution/ consumption) and Consumer Internet (including e-commerce, marketplaces, social media, education technology, financial technology, etc). Singapore Press Holdings Ltd (SPH) is Asia’s leading media organisation. Incorporated in 1984, SPH is listed on the Singapore Stock Exchange and is in media, online classifieds, properties, events and out-of-home advertising as well as other businesses.
PLUG AND PLAY
Plug & Play is a global startup accelerator that specializes in growing high tech startups. Headquartered in Silicon Valley, Plug & Play’s network includes over 200 corporations, investors, universities and other partners across verticals such as Retail, Fin-Tech, Internet of Things, Media and Cloud. Through the investment arm, which began as Amidzad Partners in 1998 and is now Plug & Play Ventures have invested in over 350 high tech startups globally.
Infocomm Investments Pte Ltd (IIPL) builds and invests in Singapore and global infocomm technology start-ups. Managing a fund size of more than US$200 million, it accelerates the development of start-ups in their formative phase, and supports their growth and expansion. Through its investments, partnerships with stakeholders across private and public sectors, and global reach, IIPL plays a central role in building a vibrant and sustainable ecosystem in Singapore for start-ups to flourish. We are a wholly-owned venture arm of the Infocommunications Media Development Authority (IMDA), formally Infocomm Development Authority of Singapore.Website: www.sphplugandplay.com Facebook Page: www.facebook.com/SPHxPnP