NextGen Tech 30, ASEAN's First Public-Private Initiative to Recognise Growth Companies of the Region, Opens for Nomination
– Spearheaded by Granite Asia, joined by 65 Equity Partners, DBS Bank, EDBI, Infocomm Media Development Authority, KKR, Northstar Group, Singapore Business Federation and Singapore Exchange, NextGen Tech 30 is the region’s first initiative to recognise and elevate home-grown growth stage companies that are transforming the economy.
– This year’s inaugural list focuses on three tracks: Automation, Enterprise Solutions, and Food Tech & Brands, reflecting significant growth drivers of the region.
– The judging panel brings together veteran investors and ecosystem enablers of the region including Mukul Chawla of KKR, Kok Ping Soon of SBF, Jenny Lee of Granite Asia, Lew Chuen Hong of IMDA, Paul Ng of EDBI, Ng Yao Loong of SGX, Tan Su Shan of DBS, Adrienne Teh of 65 Equity Partners, Wong Chee-Yann of Northstar Group.
– A minimum revenue of US$20 million or a 30% year-on-year revenue growth rate is required for nomination.
– The deadline for nomination is June 30th, 2024. Final honourees will be announced in September 2024 with a securities market open at SGX.
Singapore – May 30, 2024 – Granite Asia, in collaboration with esteemed organizations 65 Equity Partners, DBS Bank, EDBI, Infocomm Media Development Authority, KKR, Northstar Group, Singapore Business Federation and Singapore Exchange, announces the launch of NextGen Tech 30, an initiative aimed at recognising home-grown growth stage companies driving transformational change in the ASEAN economy.
NextGen Tech 30 represents a pioneering effort to identify and elevate the region’s most promising companies across three key tracks – Automation, Enterprise Solutions, Food Tech & Brands – the initiative aims to spotlight companies that are at the forefront of driving innovation and growth in the ASEAN region.
The judging panel brings together veteran investors and ecosystem enablers of the region including Mukul Chawla, Head of Asia Pacific Growth Equity at KKR; Kok Ping Soon, CEO of Singapore Business Federation; Jenny Lee, Senior Managing Partner of Granite Asia; Lew Chuen Hong, Chief Executive of Infocomm Media Development Authority; Paul Ng, CEO of EDBI; Ng Yao Loong, CFO of SGX Group; Tan Su Shan, Group Head of Institutional Banking at DBS Bank; Adrienne Teh, Managing Director of 65 Equity Partners; Wong Chee-Yann, Group CIO at Northstar Group.
Companies interested in participating in NextGen Tech 30 must meet specific eligibility criteria, including a minimum revenue threshold of US$20 million or a 30% year-on-year revenue growth rate.
Nomination for the program opens on May 30th and will remain open until June 30th, 2024. The finalists for the inaugural list will be announced in September 2024.
We are thrilled to unveil NextGen Tech 30, which marks a significant milestone in our commitment to supporting and nurturing the next generation of leading companies in ASEAN. Together with our partners, we aim to provide these companies with the recognition and resources they need to accelerate their growth and make a lasting impact on the region.
Jenny Lee
Senior Managing Partner, Granite Asia
NextGen Tech 30 is a testament to the vibrant entrepreneurial spirit and innovation ecosystem in ASEAN. We are excited to join Granite Asia and partners to identify the region's most promising tech pioneers.
Adrienne Teh
managing director, 65 Equity Partners
At DBS, technology has been a key enabler through which we generate value and create impact. Through NextGen Tech 30, we are able to support the next generation of promising tech leaders in ASEAN. These start-ups are part of an important pipeline of cutting-edge solutions that have the potential to shape a more sustainable future. We are proud to be part of this pioneering initiative, one that will supercharge positive change across the region and beyond.
Tan Su Shan
Group Head of Institutional Banking, DBS Bank
We are delighted to partner with Granite Asia on NextGen Tech 30. It aligns with our goal to solidify Singapore's position as a premier regional tech hub, enabling promising enterprises to scale and innovate globally from Singapore.
Granite Asia’s NextGen Tech 30 will shine a spotlight on many innovative companies shaping the future of ASEAN. Their expertise in capital and venture insights will serve to propel our startups and, in tandem with IMDA’s own initiatives, will help to grow and develop our tech sector. IMDA is happy to support this effort by nurturing ecosystem demand and talent growth. Kudos to Granite Asia and all partners involved for spearheading this remarkable initiative!
Lew Chuen Hong
Chief Executive, Infocomm Media Development Authority
We are pleased to support this initiative to recognize and encourage greater innovation in Southeast Asia’s promising tech landscape. We believe digital acceleration will play an important role in driving the region’s economy, in turn connecting people and markets, and spurring growth in the region. I look forward to seeing Southeast Asia’s most innovative feature here.
Mukul Chawla
Partner and Head of Asia Pacific Growth Equity, KKR
Northstar Group is honored to be part of NextGen Tech 30. We believe in the potential of ASEAN's growth stage companies to drive innovation and economic development. This initiative is a significant step towards recognizing and nurturing these promising enterprises."
Wong Chee-Yann
CIO, Northstar Group
As the apex business chamber with a membership of more than 30,000 companies, SBF is delighted to collaborate with Granite Asia to identify and recognize innovative Singapore growth stage companies through the NextGen Tech 30. This initiative aligns with our efforts to build future-ready businesses that leverage technology effectively for transformation and seize business opportunities in ASEAN. We look forward to work with these companies to realise their ambitions.
Kok Ping Soon
CEO, Singapore Business Federation
SGX is excited to partner with Granite Asia and other leading organizations to cultivate an ecosystem in Southeast Asia for tech entrepreneurship and innovation. We are optimistic about the region’s growth prospects and with our international fundraising platform and network, we are prepared to support these fast-growing enterprises as they journey from private to public and make their mark on the global stage.
Ng Yao Loong
Chief Financial Officer, Singapore Exchange (SGX Group)
Visit the NextGen Tech 30 website for more information on how to submit nominations and eligibility criteria. https://nextgen.graniteasia.com/
For media inquiries and partnership opportunities: nextgen@graniteasia.com
