Dai Wei, co-founder of failed bike-sharing startup Ofo, explore new business opportuinity in New York

Dai Wei, the Chinese entrepreneur behind the now-failed bike-sharing company Ofo, is making a fresh start in New York City with his coffee store, About Time Coffee. Despite Ofo’s downfall, investors have shown confidence in Dai Wei’s new venture, overlooking his past failure. Ofo faced numerous challenges, including financial difficulties, regulatory issues, and backlash from users demanding refunds for their deposits.

NEA refutes blogger Leong Sze Hian’s suggestion that it collects profit from hawker centres management; Netizens demand breakdown of its revenue

The National Environment Agency (NEA) has refuted veteran blogger Leong Sze Hian’s assertion that it collects profit from the management of hawker centres, stating that it neither collects profit nor keeps the fees for table-cleaning and dishwashing services. The statement was made in response to Mr Leong’s Facebook post on 23 May, in which he … Read more

Local startup Magorium crowned champion in Singapore’s inaugural waste-tech startup competition

Local waste technology startup Magorium has officially been crowned champion in Singapore’s first-of-its-kind inaugural waste-tech startup competition, ‘WASTE 20/20‘. With their proprietary technology that converts plastic into high quality asphalt premix used for road construction, Magorium managed to stand out among tough competition to clinch the top prize, and secure a funding of S$25,000. Among … Read more

YouTuber subject to legal action by ‘e-commerce education’ company Leapvista for videos commenting on ‘Singapore Amazon marketing guru’ schemes

A Singaporean YouTuber has been subject to legal action by a local “e-commerce education” company for his videos, which are aimed at “exposing” the ubiquitous ‘Singapore Amazon marketing guru’ schemes frequently seen in advertisements on social media platforms. Rishi in an Instagram post on Friday (13 November) said that Leapvista had sent him a legal … Read more

SMU IEE announces million-dollar startup competition involving internationally-renowned scholars and business leaders

The Singapore Management University (SMU) Institute of Innovation and Entrepreneurship (IIE) has announced an upcoming four-part Lee Kuan Yew Global Business Plan Competition (LKYGBPC) Changemakers Conversations which will bring together internationally-renowned and respected scholars and business leaders to discuss and debate issues of contemporary interest and significance, particularly to the start-ups. This is part of … Read more

DBS Foundation Social Enterprise Grant 2020 opens for submissions

DBS Foundation, the first foundation in Singapore dedicated to championing social entrepreneurship, is calling for social enterprises across the region to apply for the 2020 DBS Foundation Social Enterprise (SE) Grant. Successful applicants will not only receive grant funding of up to SGD 250,000 each, but also be supported to scale their business and build … Read more

Creative Nation to bring together more than 50 young social impact creators to champion a profitable future for businesses that brings positive societal impact

Creative Nation, a new social impact organisation, will officially be launched this coming Saturday (7 Dec) with the support of the National Youth Council of Singapore (NYC). This event will be Singapore’s first-ever youth-driven social impact convention. The Creative Nation launch, which will be held at the Marina Bay Sands Expo & Convention Centre, Cassia … Read more

SUTD student alleges copying of auto mailbox prototype by SingPost, laments "pathetic state of innovation" in S'pore

The act of copying students’ ideas “wholesale” on the part of “seemingly reputable companies” such as Singapore Post Ltd (SingPost) reflects “the pathetic state of innovation” in Singapore, said a student of Singapore University of Technology and Design (SUTD). In a post on LinkedIn, Neo Tat Theng Jerry, who is currently pursuing an undergraduate Engineering … Read more

DBS Foundation Social Enterprise Grant 2019 opens for submissions

DBS Foundation, the first foundation in Singapore dedicated to championing social entrepreneurship, has launched its 2019 cycle of the DBS Foundation Social Enterprise (SE) Grant. Applications submitted by 31 July 2019 will be evaluated in this cycle (August to September 2019), and successful applicants can expect to receive between SGD 50,000 and SGD 250,000 grants … Read more