Home Strategy Alipay, Singapore University launch digital tech initiative
Alipay, Singapore University launch digital tech initiative Featured

Chinese mobile payment platform Alipay has joined forces with the National University of Singapore to launch a new initiative aimed at supporting digital technology innovation throughout Southeast Asia.

Alipay, operated by Alibaba Group's affiliate Ant Financial, says the Alipay-NUS "Enterprise Social Innovation Challenge" aims to identify and support the growth of start-ups in Southeast Asia that are using digital technology “to build a more inclusive society”.

The payments giant says areas of focus include, but are not limited to, enabling low-income groups to gain access to better educational opportunities, supporting elderly individuals to leverage digital technologies to enhance their lifestyle, and helping people with disabilities through upskilling and reskilling initiatives.

“Since Alipay’s inception in 2004, we have been dedicated to using digital technology to bring equal opportunities to the world. In particular, we want to make financial services simple, low-cost and accessible to the many, rather than the few,” said Geoff Jiang, vice-president and general manager of Technology and Business Innovation Group at Ant Financial.

"While the impact of one company may be limited, an ecosystem of partners who stand behind the same vision will be able to achieve much more. We look forward to working with our new partner NUS Enterprise, to identify and support the growth of the most innovative start-ups in Southeast Asia. It is exciting for us to be involved with teams creating lasting impact for their communities and addressing real world problems, such as aging, poverty and lack of access to development opportunities.”

“We are delighted to partner with Ant Financial and Alipay in this worthy initiative, to seek out the most innovative start-ups involved in developing digital technologies that will build a more inclusive society and a better world for everyone,” said Professor Wong Poh Kam, senior director, NUS Entrepreneurship Centre, a division of NUS Enterprise.

“NUS Enterprise will help these innovators scale their efforts and maximise social impact, through our strong support ecosystem and extensive entrepreneurial networks, which include mentors, impact investors, corporate CSR teams, capacity builders and community partners.”

The inaugural Alipay-NUS Enterprise Social Innovation Challenge will take place in Singapore, Malaysia and Indonesia. Applicants can participate by registering online. Applications will close in January 2019. The first round of judging will determine the top three winners within each country, who will each receive a cash prize of S$10,000. The nine finalists will compete for the top cash prize of S$50,000 in the grand finale, to be held in Singapore in March 2019.

The winning teams will not only receive financial rewards to invest toward increasing their social impact, but also receive support to accelerate their growth through networks, mentorship and partnership opportunities with Ant Financial, NUS and other partners in the ecosystem.

And top teams will also receive three-month incubation support by NUS Enterprise, as well as access to its BLOCK71 community and co-working space in Singapore, Bandung, Jakarta, Yogyakarta, Suzhou and San Francisco.

CDAO SYDNEY TURNS 5 IN 2019

With 50+ Speakers, 300+ senior data and analytics executives, over 3 exciting days you will indulge in all things data and analytics before leaving with strategic takeaways that will catapult you ahead on your journey

· CDAO Sydney is designed to bring together senior executives in data and analytics from progressive organisations
· Improve operations and services
· Future proof your organisation in this rapidly changing technological landscape
· CDAO Sydney 2-4 April 2019
· Don’t miss out! Register Today!
· Want to find out more? Download the Agenda

REGISTER HERE!

LEARN HOW TO REDUCE YOUR RISK OF A CYBER ATTACK

Australia is a cyber espionage hot spot.

As we automate, script and move to the cloud, more and more businesses are reliant on infrastructure that has the high potential to be exposed to risk.

It only takes one awry email to expose an accounts’ payable process, and for cyber attackers to cost a business thousands of dollars.

In the free white paper ‘6 Steps to Improve your Business Cyber Security’ you’ll learn some simple steps you should be taking to prevent devastating and malicious cyber attacks from destroying your business.

Cyber security can no longer be ignored, in this white paper you’ll learn:

· How does business security get breached?
· What can it cost to get it wrong?
· 6 actionable tips

DOWNLOAD NOW!

Peter Dinham

Peter Dinham is a co-founder of iTWire and a 35-year veteran journalist and corporate communications consultant. He has worked as a journalist in all forms of media – newspapers/magazines, radio, television, press agency and now, online – including with the Canberra Times, The Examiner (Tasmania), the ABC and AAP-Reuters. As a freelance journalist he also had articles published in Australian and overseas magazines. He worked in the corporate communications/public relations sector, in-house with an airline, and as a senior executive in Australia of the world’s largest communications consultancy, Burson-Marsteller. He also ran his own communications consultancy and was a co-founder in Australia of the global photographic agency, the Image Bank (now Getty Images).

 

Popular News

 

Telecommunications

 

Sponsored News

 

 

 

 

Connect