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500 Global and Taiwan Tech Arena (TTA) to Power Third Cohort of Startups to Aim for Next Level Growth

20 local and international tech startups to present their businesses to a curated global audience

TAIPEI, TAIWAN – Media OutReach – 18 July 2023 – Global multi-stage venture capital firm 500 Global is set to kick off the 500 Global Taiwan Startup Program with TTA 2023 in partnership with Taiwan Tech Arena (TTA). The program will welcome 20 local and international startups to a week-long in-person bootcamp in Taipei, designed to grow tech startups through hands-on workshops and mentoring sessions led by 500 Global’s world-class mentors.

The program represents 500 Global’s commitment to providing continued support to startups and those looking to tap into the Taiwanese market. The startups selected for the program have developed prototypes with early traction and will participate in rigorous training and curated mentorship over the course of a one-week immersive bootcamp in Taipei. Post-bootcamp, there is an opportunity for startups to be selected to receive 12-week tailored support from 500 Global.

“We’re impressed by the talent of this year’s cohort. From our observation, Taiwan has such a vibrant startup ecosystem with a wealth of talented entrepreneurs. This year’s group of startups have already shown exciting potential. We’re honored to help them grow and make impact in their fields,” said Tony Wang, Managing Partner at 500 Global.

The program will host 15 Taiwanese and 5 international startups, selected from over 170 applications from regions including Hong Kong, South Korea, Southeast Asia, North America, Africa, Europe. In addition to the program, founders, key industry stakeholders, ecosystem partners, and corporate executives as well as the press are welcome to join the 500 Global in Taiwan: Go Global Showcase on Friday, July 28 at Taiwan Tech Arena in Taipei. The event aims to foster meaningful connections, highlight groundbreaking ideas, and explore the immense potential of Taiwan’s startup ecosystem. It will also include discussions on global fundraising strategies, M&A challenges and learnings, and growing businesses from early-stage to exit from serial founders and CXOs.

This cohort of startups include:

Caption

AIoT

iCHASE: YOUR AI POULTRY HEALTH KEEPER.

PurismEV: PurismEV develops AI powertrain systems to empower future EV.

SeeWhat Technology: Key to Smart Aquaculture Integration: AI Technology Revealing the Underwater World with Clarity and Precision!

Wegrow: We build an AI-powered Greenhouse Platform to grow organic fruits.

Consumer

BintanGO: Creator Powered Marketing & 24/7 Live Commerce.

PopChill: PopChill is a fashion luxury marketplace powered by authentication in the middle.

Sorra: Sorra is a “Tinder for Beauty Products”. We match every piece of skin to the most suitable products with AI and facial tracking. Sorra helps thousands of beauty brands to target segmented customers with a lower cost.

Digital Health

aiFree Interactive Technology: aiFree, your Intelligent Health Partner.

Surglasses: Taiwan Main Orthopaedic Biotechnology (Surglasses) is an innovative medical company that develops and markets a range of innovative products for use in medical education and surgical navigation solutions.

Fintech

Authme: Trusted identity made easy.

Autopass: Autopass makes your vehicle a new payment method just like Amazon Go.

MACROMICRO: MacroMicro, the first macroeconomic investment information platform in Asia.

Oen Tech: Integrated one-stop solution for your organization’s digital needs.

SaaS

KaChick: An AI-driven SaaS platform, revolutionizes Southeast Asia’s photography industry by streamlining collaboration, boosting productivity, and unlocking revenue opportunities for 15,000+ professionals.

Ocard: Ocard is a one-stop CRM and marketing SaaS solution designed specifically for offline businesses, integrating with IM such as LINE, WhatsApp, etc.

Portaly: Mobile website builder enhanced by AI.

Preciser: Streamline sports data with powerful software and APIs.

Web3

Growing3: Growing3 is a Growth Hacking Ninja for web3 projects to acquire and retain quality users with on/off-chain data analytics, focusing on marketing, growth, analytics and marTech for projects such as Web3 Game, DApp, and NFT.

RE:DREAMER Lab: The Future of Asset Tokenization: Redeem Protocol’s Decentralized Network for RWA NFTokenization.

Term Structure: Term Structure is dedicated to building a DeFi infrastructure, pioneering a market-driven ‘term structure’ of interest rates, which serves as a cornerstone for diverse financial products and offers versatile hedging tools for DeFi enthusiasts and traditional finance institutions.

Interested parties can request an invitation to witness the future of tech innovation by registering here.

Hashtag: #500Global

The issuer is solely responsible for the content of this announcement.

About 500 Global

is a multi-stage venture capital firm with $2.5B in assets under management that invests in founders building fast-growing technology companies. We focus on markets where technology, innovation, and capital can unlock long-term value and drive economic growth. We work closely with key stakeholders and advise governments on how best to support entrepreneurial ecosystems so startups can thrive. 500 Global has backed over 5,000 founders representing more than 2,800 companies operating in 80+ countries. We have invested in 45+ companies valued at over $1 billion and 150+ companies valued at over $100 million (including private, public, and exited companies). Our 190+ team members are located in over 25 countries and bring experience as entrepreneurs, investors, and operators from some of the world’s leading technology companies.

About Taiwan Tech Arena

, or Taiwan Tech Arena, is a program designed to create a deep tech startup ecosystem by bringing together academic/R&D talents, startups, accelerators, corporations, and investors in one location. The program is based in Taipei Arena, which boasts a co-working and event space of over 3,000 square meters specifically designed for tech innovation. TTA’s goal is to cultivate entrepreneurship in deep technology, foster the commercialization of innovation, and build a thriving cross-border startup community.

Laos on High Alert as Tropical Storm Talim Approaches

Tropical storm Talim. (Photo: Zoom Earth).

The Department of Meteorology and Hydrology in Laos has issued a warning for heavy rain, storms, and lightning this week, as tropical storm “Talim” is expected to bring more rainfall to the country.

uFinance Student Loan Prioritizes Customer Privacy Allowing Students to Fully Engage in Tertiary School Life

HONG KONG SAR – Media OutReach – 18 July 2023 – As the summer holidays approach, uFinance, a student loan platform, now provides not only student loans for Hong Kong tertiary school students but also a special university tuition fee loan, aimed at alleviating the financial pressure of Hong Kong university students and solving the worries caused by tuition fees. Unlike traditional banks and financial institutions, uFinance student loans put student privacy first, offering a worry-free loan plan. In addition, uFinance also offers a flexible repayment plan, allowing applicants to repay in advance at any time without any fees.

uFinance Values Customer Privacy, Keeps Loan Records Confidential

According to uFinance’s survey, privacy is the top concern for student loan applicants. Therefore, uFinance puts customer privacy first and will not disclose the applicant’s personal information and loan records to schools or third parties. Generally, letters will not be mailed to student loan applicants; the entire process is conducted over the phone, allowing students to enjoy a worry-free tertiary school life.

Customize Financial Plan, Repay in Advance without Fees

uFinance student loans offer repayment periods of 6 to 48 months to meet the various economic needs of students, enabling them to formulate their own financial plans. Even if applicants choose a longer repayment period, they can reduce interest expenses by repaying early according to their needs. Students only need to repay the remaining principal, uFinance does not charge any fees, and there are no hidden charges in the loan process.

Easy Application Process, Complete Student Loan Application in 5 Minutes

With just a phone, tertiary school students can apply for uFinance student loans online. After filling out basic information and uploading two documents (ID and student ID), the preliminary application can be completed, which is quick and time-saving. After successfully applying for a loan, students can choose to sign contracts and transfer money online without having to show up, smoothly obtaining the loan.

Lowest-interest Tuition Loan for University Students – Introducing the ‘Lowest Interest Guarantee’ in Hong Kong

The application for Grant Loan/Non Means and other government subsidies involves complicated procedures. If students are unable to apply for the assistance or loans provided by the Student Finance Office in time, they will need to pay extra fines for not paying tuition fees on time. To solve the urgent need of university students, uFinance offers a special university tuition fee loan. After completing the application, the loan amount will be directly deposited into the school account, without the loan passing through their hands, to help students pay tuition fees as soon as possible. In addition, the ‘University Tuition Tuition Fee Loan‘ introduces the ‘Lowest Interest Guarantee’ in Hong Kong for the first time, offering the most favorable interest rate in the Hong Kong market (actual annual interest rate 6%). Applicants can choose a tuition loan of $21,050 per semester and can repay it in 6 to 48 months. After receiving government assistance, students can also choose to repay the remaining principal at any time without paying any fees.

Student Loan Information Platform – Preparing Students for Social Challenges

In addition to relieving students of financial burdens during their studies, uFinance hopes that students can obtain more helpful information for their life planning on the platform, such as internship job vacancies, living encyclopedias, and financial information. uFinance believes that the few years of undergraduate life have a significant impact on the future development of students. Therefore, it hopes that students can equip themselves well before entering society to meet future challenges.

In addition, uFinance hopes that students can enjoy campus life without being hampered by financial pressures. Therefore, uFinance sponsors campus events throughout the year, providing product and financial support to various college student associations, so that students do not need to worry about financial restrictions when organizing different activities, such as Ocamp, Oday, and Welfare Week.

Hashtag: #uFinance #StudentLoan #UniversityStudent



The issuer is solely responsible for the content of this announcement.

About uFinance

uFinance Hong Kong Limited (“uFinance”) was established in 2018 to provide the most suitable financial support for tertiary students in Hong Kong, enabling them to manage their finances and take advantage of every learning opportunity. Compared to traditional financial institutions, uFinance does not require income proof as an approval criterion, nor does it require students to provide proof of address. Students are required to upload 2 documents (ID card and student car) to apply for the student loan offered by uFinance. Since its inception, uFinance has served more than 10,000 students and has worked with over 200 societies from tertiary institutions.

Beyond financial support, uFinance also provides a one-stop information platform for tertiary students, including information on job hunting, internships, sponsorship and further studies, so that they can have a solid foundation to face different challenges before starting their careers.

For more details, please visit uFinance website:

Cambodian Border Committee Dismisses Allegations of Vietnamese Encroachment

Cambodian Border Committee Dismisses Allegations of Vietnamese Encroachment
Cambodia's Border Affairs Committee chairman Var Kimhong (R) inspects posts along the Vietnamese border in 2022. (photo: Khmer Times)

The Border Affairs Committee of Cambodia refuted claims of encroachment by Vietnam on the Cambodian border, adding that such allegations were baseless and were intended to spread false information.

Leader of Winning Thai Party, Rebuffed Last Week, to Try Once More to Become Prime Minister

Leader of Winning Thai Party, Rebuffed Last Week, to Try Once More to Become Prime Minister
Pita Limjaroenrat, the leader of Move Forward Party talks to reporter after meeting in Bangkok, Thailand, Monday, July 17, 2023. The top candidate to become Thailand's next prime minister, Move Forward Party leader Pita Limjaroenrat, who was rebuffed last week by an initial vote of Parliament, declared Monday he will remain a candidate for a second round of ballot but acknowledges he may have to make way for a political ally if he cannot attract substantially more support. (AP Photo/Sakchai Lalit)ASSOCIATED PRESS

BANGKOK (AP) — The leader of the progressive party that won a surprise victory in Thailand’s May elections said Monday he will make a second bid to become prime minister after being blocked last week by the country’s royalist and military establishment. But Pita Limjaroenrat, leader of the Move Forward Party, said he will make way for a political ally if he is unable to attract more support.

Lao Vice President Calls for Self-Examination During Mid-Term Plenary Meeting

Vice President of Laos, Bounthong Chitmany (left) and Ministry of Finance, Mr. Santiphab Phonvihane (right).

The Vice President of Laos has issued a directive to government representatives in the Ministry of Finance calling for self-examination, deep reflection, and improvement based on feedback and criticism received from party members and the public.

Tradewind Finance Announces USD 1.45 Million Export Factoring Facility for Printing Trader in Hong Kong

HONG KONG SAR – Media OutReach – 18 July 2023 – Tradewind Finance has arranged a USD 1.45 million export factoring facility for a printer in Hong Kong, a major global printing and publication center. The company sources products from mainland China and the trade facility will be used to support its exports to the UK.

Established a few years ago, the trader has earned a solid reputation in the industry and has developed relationships with various qualified buyers. However, in the printing sector, the accounts receivable turnover ratio has always been an obstacle to expanding businesses. According to industrial data from AllinPrint, at the end of 2021, the average collection period of accounts receivable for enterprises above the designated size in the printing industry reached 52.92 days, which is longer than the standard period of 49.5 days in China. Consequently, funds are frequently held in unsettled invoices.

Looking to improve their financial position so they could grow their business, the trader contacted Tradewind because of its 23-year track record in cross-border trade finance solutions. Tradewind’s timely export factoring solution, including USD 1.45 million in funding, helped the company release cash flow tied in its receivables, enabling it to maintain smooth operations as well as its position as a leading provider in the industry.

“We are confident that our tailor-made services will meet the client’s needs, and we look forward to a long and successful partnership. With our expert support, the printing trader is set to overcome cash flow challenges and continue to thrive in its industry,” said Dickson Au, Regional CEO – Far East, at Tradewind Hong Kong.
Hashtag: #tradewindfinance #tradefinance #exportfactoring

The issuer is solely responsible for the content of this announcement.

Tradewind Finance

Founded in 2000, maintains a network of offices all over the world, including Bangladesh, Brazil, Bulgaria, China, Hong Kong SAR, Hungary, India, Pakistan, Peru, Turkey, UAE, and the USA as well as the headquarters in Germany. Combining financing, credit protection, and collections into a single suite of trade finance products, Tradewind brings streamlined, flexible, and best-in-class services to the world’s exporters and importers.

Spending Kip to Make Dong: Why Laos Should Step Up Efforts to Attract More Vietnamese Tourists

Laos must do more to attract Vietnamese tourists (photo: Freepik)
Laos must do more to attract Vietnamese tourists.

As lackluster economic growth causes millions in China to stay home, Laos should do more to attract Vietnamese travelers for its post-pandemic tourism revival.