Singapore Tembusutech Innovation (STI) and KILSA Global sign an agreement to support the advancement of Korean technology companies into East Asia
KILSA is the official partner of Singapore Tembusutech International
Singapore Tembusutech Innovation (STI) and KILSA Global signed agreement on 11th May 2022 to link global conglomerates projects and investments with technology companies to expand into East Asia. KILSA Global an East Asian market entry service platform provider and Singapore-based Venture Builder, STI will partner with large East Asian-based conglomerates to partner with teams in Singapore, Israel and China to support the IP-based global commercialization of healthcare, energy and green technology startups.
Through this agreement, STI and KILSA will identify exemplary global ready Korean technology companies to conduct global proof-of-concept verification (P.O.C) with global companies , reviewing investments from large investors in East Asia and establishing strategies and business models for entering East Asia. Agreements aims to identify more than 30 smart home, electric vehicle, and mobile device-related technology companies throughout the year, and conduct local proof-of-concept projects and investment reviews for at least three of them.
“Unlike exporting consumer goods, it is important for technology companies to enter overseas markets by verifying PMF (Product Market Fit) and attracting capital.” We will provide local projects and investment opportunities for advancement, as well as support the establishment of sustainable local BM and working models.[/su_quote]
“We are honoured to have the long-term partnership with KILSA to identify the high growth potential deeptech companies, share the co-investment opportunities, and provide the consultancy and support to the startups and corporate clients in the market entry through each other’s business network in Asia.”[/su_quote]
Source: Maeil Economic Daily
KILSA Global is a Singapore-based, professional service company that helps SMEs entering the Southeast Asian market.
◆ Apart from KILSA’s Market Entry / Business Development services, we co-manage the client’s possibility in identifying and executing investment or corporate innovation program opportunities with Singapore Tembusutech Innovation.
