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ACE Corporate Newsletter
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October 2023 | ISSUE 44
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Globalisation is Localisation: BIGO

Taking your solution global is a pipe dream for many. Uber exited Southeast Asia. Airbnb exited China. Shopee, not Amazon has greater share of the e-commerce market in the Southeast Asia region.

Where they failed, BIGO Technology (BIGO) has succeeded. Since inception in 2014, BIGO has grown by leaps and bounds, with over 30 offices and 6 R&D centres worldwide. It’s one of Singapore’s fastest-growing technology companies that is bringing live streaming from city to city, country to country.

BIGO began with a simple vision: to build a connected world with technology. The goal is to empower a generation of users to learn, share, and showcase on a positive and creative online platform to inspire the lives of one billion people. 
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BIGO’s Global Playbook
Central to BIGO’s global strategy is the notion that staying local is how you go global.

BIGO adopts a user-centric, personal approach when building their artificial intelligence-backed social platforms. They recognise that the world is very diverse, and they would typically first invest time and walk the ground to understand what matters in a local community before integrating them onto their global platforms.
This approach, coupled with their proprietary AI centric technology led to the creation of their three big apps:

  •  BIGO Live, a global livestreaming platform. By enabling live broadcasts of talents, interests, and everyday moments, the platform can deliver and build authentic connections among a global audience
  • Likee, a short-video platform that is interest based. From lip-syncers to sports enthusiasts, this app connects people through shared interest and can transcend geographical boundaries.
  • IMO, a real-time communications platform. This popular app empowers real-time, day-to-day conversations, keeping friends and families connected across borders.
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Bringing numerous users from different cultures has many benefits and helps to cultivate a rich and dynamic ecosystem that fosters creativity, diversity, and inclusion in the BIGO community.

Moreover, BIGO is also known for their pay-it-forward culture. Having succeeded at their own global strategy, BIGO is now developing their own incubation project for Singaporean startups seeking to expand into new markets, particularly in the MENA (Middle East and North Africa) region. Through such strategic collaborations and partnerships, BIGO hopes to facilitate promising business opportunities for Singaporean startups in countries like Jordan, where a supportive government and thriving tech ecosystem offer an ideal environment for growth and development.

And on top of all of these, BIGO remains a firm believer in technology. The company continually embraces emerging technologies such as artificial intelligence (AI), augmented reality (AR) and virtual reality (VR) to stay ahead of the curve and to stay relevant to their users.

This is how BIGO is generating their own positive flywheel effect for their continued success and growing ambitions. 

Find out more about BIGO here.
 
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Startup Career Fair @ SWITCH @ One-North
1-2 Nov 2023 | 10:00am - 5:00pm | The Meeting Point

The Singapore Week Of Innovation and Technology (SWITCH), Asia's leading startup and innovation festival returns from 31 October 2 November 2023! 

As part of SWITCH @ one-north, ACE.SG is teaming up with JTC Corporation to organise a Startup Career Fair on 1 & 2 November! Over 20 innovative startups are looking for talent, so don't miss this opportunity to see and learn what they have to offer.

If you ever considered a career in tech, innovation, or entrepreneurship, this is the perfect time to explore the possibilities!
Learn more about the opportunities here
Get your complimentary trade pass here
 
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Founders Networking
10 Nov 2023 | 2.00pm-4.00pm | ACE.SG Ideation Centre 

Get ready to dive deep into the world of startup success with Joel Leong, Co-Founder of ShopBack If you are curious about what Taiwanese startups are building and are keen on exploring possible cross-border partnerships to grow your business, this is for you.

Come join us for a networking session with entrepreneurial folks from Taiwan in November.
Join now
 
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ACE.SG x AppWorks Accelerator Connect
15 Nov 2023 | 6.30pm-9.00pm | ACE.SG Ideation Centre 

Get ready to dive deep into the world of startup success with Joel Leong, Co-Founder of ShopBack and Jun Ting, Co-Founder and CEO from Aimazing! Find out how they fundraised, established a presence in Taiwan, and their experience at AppWorks Accelerator.

It's your chance to connect with fellow entrepreneurs, gain invaluable knowledge, and learn how the AppWorks accelerator can turbocharge your startup.
Register now
 
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Protecting Founders' Interests: Co-founder and Shareholder Agreements
16 Nov 2023 | 2.00pm-4.00pm | ACE.SG Ideation Centre

Ready to build your dream business with your co-founders and shareholders? Have you thought about the "what ifs"? What if a co-founder wants to exit? What if disagreements arise?

In the 2nd part of our Legal Insights series, join us as we dive deep into co-founder and shareholder agreements. Learn how to ensure business continuity, protect your interests, and avoid costly legal battles – especially for early-stage startups with no formal, structured agreements in place.
Sign up here
 
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ACE.SG x EXLR Founders' Run
21 Nov 2023 | 6.00pm-8.30pm | ACE.SG Ideation Centre 

Looking for a healthy, casual, and fun way to expand your network with entrepreneurs and stakeholders in Singapore's startup ecosystem?

Join us for Founders' Run today! 
Register here
 
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Ideas in Action: Seizing Innovation Opportunities with MP Edward Chia 
24 Nov 2023 | 4.00pm-5.30pm | ACE.SG Ideation Centre

Our next edition of Ideas in Action is here!

In this upcoming session, we are thrilled to have Member of Parliament Mr. Edward Chia joining us and discuss how founders can seize opportunities in today's pressure-filled, fast-changing world. We will also deep dive into how Institutes of Higher Learning can encourage enterprising students to embark on different social missions, like developing the local music culture.
RSVP
 
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ACE.SG Market Immersion Programme
27 Nov - 1 Dec 2023 

Join our Taiwan Market Access Programme from 27 Nov 2023 to 1 Dec 2023, hosted in collaboration with Startup Terrace Kaohsiung and Rainmaking Innovations – where we connect Singapore startups with the startup ecosystem in Taiwan.

This programme will take startups through masterclasses, mentoring, and training programs to gain insights into Taiwan’s thriving business landscape and network with Taiwan’s advanced tech companies and SMEs.

Startups will also have the exciting opportunity to pitch at Meet Taipei Startup Festival, one of the leading startup expos in Asia where over 300+ startups and key players in the Taiwan and global ecosystem meet.
Book your spot here
 
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Reserve your spot here
 
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Register here
 
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Book your spot here
 
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Sign up today
 
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Incubator @ ACE.SG

Unsure how best to accelerate your budding entrepreneurial venture?

ACE.SG Incubator gives you unbridled access to Singapore’s growing startup network, the only trade association-led incubator that truly unlocks new paradigms for your moonshot ambitions! 

Find out more here
 
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Introducing GoBusiness Regulatory Requirement Guides

Staying abreast of business regulations can be challenging while chasing your business’s bottomline, but you can now rely on the new Regulatory Requirements Guides on GoBusiness to help you easily navigate the essential tax and compliance rules that businesses in Singapore need to comply with. 

Organised according to business structures and by timeline, the guide details clear and concise steps ensure that your business stays on track.

Embrace compliance with confidence with the guides as your go-to place to understand regulations from various government agencies, including ACRA, MOM, CPF, and IRAS.
Check out the guides
 
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ACE.SG Membership Reboot

With effect from 1 September 2022, we have enhanced our membership benefits to the tune of over $150k, which is in line with our corporate goal to bring more value to our startup members.

At just $200 for a 12-month membership, startups can look forward to the following:
  • curated programmes like BACECAMP, ACE Roundtables, Overseas Market Immersion Programmes, Networking and Pitching opportunities, 
  • complimentary use of ACE's Innovation/Inspiration rooms,
  • free subscription at The Gym Pod,
  • free membership with The Mindful Village, and lots more!
Check out the full list of exclusive benefits here.
Apply now to be an ACE member
 
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Advertise with Us!

Like to share your products and service offerings with a wider audience?

Need help reaching out to the startup community to participate in your company's trade shows, surveys, or networking events? 

Feel free to reach out to us via info@ace.org.sg today. Note: Only $350 for one placement within the ACE corporate newsletter. ACE members will get discounted rates.
ACE.SG Job Openings

ACE is expanding and we are looking for people who are passionate about building the Singapore startup and innovation ecosystem!
 
Openings:
  • Interns

 
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Book a coworking space with ACE.SG

We hear you! ACE is opening up our office at Block 67 to cater to companies and individuals who require coworking spaces.

Find out more here
Event Spaces for Rent 

Are you looking for spaces to host your next event? ACE offers three event spaces that could meet your needs, both during and after office hours. 

For large-scale events/workshops, the ACE Ideation Centre can accommodate up to 80 persons. Meanwhile, the ACE Innovation and Inspiration rooms are perfect for small group discussions and meetings.

These spaces are conveniently located on the ground floor of Block 79 at the LaunchPad @ one-north, right opposite the one-north MRT station.

For more information or enquiries, please send an email to space@ace.org.sg.
Check out the available spaces here
 
Join ACE as a Member today!
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The ACE corporate newsletter will be issued once a month from January 2023.

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