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JLL and Lendlease launches proptech accelerator Propell Asia

Property in Singapore
JLL and Lendlease launches proptech accelerator Propell Asia

JLL and Landlease

25/6/2018 – Global real estate giants JLL and Lendlease are partnering to launch an accelerator in Singapore to kickstart innovation in real estate, an industry that had been slow to witness technological advancements.

Headquartered in Singapore, the programme is called Propell Asia and will be open to early-stage startups that have clearly defined products in real estate transactions, construction management, property management, and big data.

“Propell Asia is purpose-built to provide startups with the platform to accelerate their business success,” said Lendlease’s CEO Tony Lombardo.

Ten startups will be chosen for the ten-week programme which is divided into two sections.

For the first five weeks, tten startups will receive mentorships, corporate connections, and office space to improve their products and business models.

The real estate giants will then evaluate and select five startups to continue their incubation for the remaining five weeks until the programme ends.

“Through our integrated business models and networks, Lendlease and JLL will enable participants to access the entire real estate value chain,” added Lombardo.

This includes investment, development, construction, brokerage, consulting, management, facilities, and opportunities to test and validate the startup’s products.

Qualified startups will also stand to receive US$20,000 grant in exchange for up to 5 percent stake equity in the startup, as well as access to reputable mentors which comprise of real estate industry experts and successful startup founders.

At the same time, JLL also has a large US$100 million global venture fund called Spark and the team was open to the possibility that a qualified Propell Asia alumni could take advantage of the investment avenue.

“Against the backdrop of rapid urbanisation and the rise of smart cities, our industry in Asia Pacific is primed for the next wave of disruption,” said JLL Asia Pacific COO Albert Ovidi.

“Data analytics, artificial intelligence, the Internet of Things, virtual reality, blockchain, all of these technologies will play a pivotal role in the evolution of the real estate industry,” he added.

Applications for Propell Asia is currently open from 25 June to 17 August, and the accelerator programme for the five qualified startups will begin in Q3 2018

Vietnam’s Soy Beverage Startup Soy Garden wins US$880k from Egroup and partnership with Mr Bean Group

Soya Garden
Vietnam’s Soy Beverage Startup Soy Garden wins US$880k from Egroup and partnership with Mr. Bean Group Limited

Soya Garden

22/6/2018 – Soya Garden, a Vietnamese organic soybean beverage startup has today raised VND 20 billion (about US$880k) from Egroup, an education-focused corporation in Hanoi.

The investment came after the beverage company had impressed Egroup’s chairman Nguyen Ngoc Thuy on the first season of Shark Tank Vietnam.

Soya Garden’s co-founder CEO Hoang Anh Tuan confirmed the investment, adding that the deal has also secured the startup many opportunities, one notably is becoming a strategic partner to Singapore’s prominent soybean establishment – Mr. Bean Group Limited.

Mr. Bean Group is the leading brand of soy products with an established history of more than 20 years. The brand currently owns more than 65 retail stores in Singapore, Japan, and the Philippines.

According to Nguyen, he was convinced with the market opportunity for soybean beverages in Vietnam as well as Soya Garden’s business plans.

Vietnam is witnessing an increasing demand for soybeans and related products. According to a Global Agricultural Information Network (GAIN) report from the US Department of Agriculture, soybean imports are forecast to rise by 5% in Vietnam.

Nguyen also added that if the first round of investment was proven successful, the group may consider additional fundings in the startup.

Founded in 2016, Soya Garden currently has 13 stores, which includes 10 stores in Hanoi and three in other cities. The soybean beverage startup plans to develop a larger variety of products from soybean, offering it as an alternative to coffee and tea.

With the investment from Egroup, the company plans to hire more personnel and build the firm’s IT infrastructure to support its plans to open 30 new stores in Hanoi and Ho Chi Minh City.

On the other hand, Egroup is founded in 2008. It owns Apax Holdings which operates about 50 English language training centers across the country.