Southeast Asia yes they’ve long been seen as followers relating to technology development, but in recent times domestic technology corporations have begun to expand.
According to the South China Morning Post, listed here are a few of the biggest hopes for the region’s deep tech startups, which – at the least to this point – have retained relatively little publicity.
ELSA SPEAKS (ARTIFICIAL INTELLIGENCE, VIETNAM)
This mobile application helps foreign speakers of English improve their pronunciation using AI technology. Users interact with a virtual assistant called ELSA that may detect and fix pronunciation errors.
ELSA can be customized to assist reduce certain accents resembling Vietnamese, Japanese and Korean. The startup is backed by Silicon Valley enterprise capital fund 500 Startups and won the worldwide technology competition on the 2016 South by Southwest EDU event in Texas.
EQUATORIAL SPACE INDUSTRY (SPACE, SINGAPORE)
With an area smaller than New York City, Singapore may not look like a perfect place to launch rockets into space, but Equatorial Space Industries thinks otherwise. The start-up claims its rocket can rise from a modernized barge within the South China Sea. It focuses on launching backpack-sized nanosatellites and offers services to corporations in Southeast Asia.
FISHING (Internet of Things, INDONESIA)
The five-year-old start-up produces intelligent automatic feeders for fish and shrimp that may be controlled via smartphone to forestall overfeeding, which could pollute the ecosystem and threaten fish health. With the Smart Feeder app, farmers try different feeding methods to search out the one which is most preferred by their fish, increasing efficiency and accelerating fish growth. The company has also created a wise sensor that may detect when fish are hungry. When the fish are full, a sensor stops the device from feeding them, helping farmers reduce food costs.
ATILZ (Internet of Things, MALAYSIA)
Kuala Lumpur-based Atilze is on the forefront of IoT development, covering sectors starting from agriculture to smart living and cars. Thanks to smart sensors, farmers can keep an in depth eye on their land from the comfort of their homes. It also helps asthma patients avoid hazardous environments, and an emergency response system for cars alerts drivers of a possible accident.
ROBOT3T (ROBOTICS, VIETNAM)
Headquartered in Ho Chi Minh City, ROBOT3T has quickly gained a popularity as certainly one of the region’s largest names in robotics and automation. ROBOT3T designs and builds reasonably priced industrial robots for small and medium-sized enterprises in developing countries. The company has 500 customers from the mechanical and heavy industries in 60 countries.
ADMOV (ARTIFICIAL INTELLIGENCE, PHILIPPINES)
Manila-based AdMov is an in-vehicle promoting platform that gives Uber riders with customized content. The tablet equipped with a front camera can recognize the passenger’s age and gender through facial recognition. The platform then matches the passenger with appropriate advertisements using artificial intelligence. The company teaches computers the best way to analyze user behavior, and plans to also take passenger mood into consideration when recommending ads.
BORDER CROSSING (Internet of Things, MALAYSIA)
BorderPass provides assistance to travelers in Southeast Asia, certainly one of the fastest-growing aviation markets on this planet. Users can first submit immigration forms online after which go through border control by scanning their face and waving their hand over a wise sensor. Last yr, the corporate’s first automatic gate was installed at Kuala Lumpur International Airport.
PHARMACEUTICAL ASLAN (BIOMEDICAL, SINGAPORE)
Founded in 2010, the corporate has developed 4 drugs to fight cancers present in Asia. Although its products have yet to hit the market, the corporate’s progress led to its listing on the Nasdaq Stock Exchange this yr, following a $33 million initial public offering on the Taipei Stock Exchange in 2017.
DAPAK (BLOCKCHAIN, CAMBODIA)
DApact is a cryptocurrency-based microloan provider in Phnom Penh. Its clients receive a loan in the shape of digital tokens and disburse it at supported pawnshops. Because transferring cryptocurrencies only requires a phone and a Wi-Fi connection, DApact can serve tens of millions of individuals without bank accounts. Traceability of cryptocurrencies also frees the corporate from the necessity to conduct internal audits. This, in turn, reduced operating costs by two-thirds compared to traditional lenders. All the savings translated into lower rates of interest for borrowers, within the Cambodian context, mainly poor rural people.
DATA BOOT (Big DATA, ARTIFICIAL INTELLIGENCE, BLOCKCHAIN, INDONESIA)
Dattabot is an AI-powered platform for connecting, cleansing and creating data to create value-added services. The 15-year-old company has launched initiatives in media, telecommunications, agriculture, retail, law, health care and finance. In 2015, Dattabot also established a blockchain-based subsidiary called HARA to deal with the food and agriculture industry.
SOKINNOV8 (BIOTECHNOLOGY, THAILAND)
The goal of this start-up is to revolutionize the juice industry through biotechnology. By cultivating and testing a whole lot of microbes, JuiceInnov8 claims to have discovered natural sugar reducers that can enable manufacturers to regulate the extent of sweetness of their products.
SIX NETWORKS (BLOCKCHAIN, THAILAND)
SIX Network goals to reinvent Thailand’s digital and artistic economy through a decentralized system that’s transparent and secure. The network includes startups from Thailand and Korea with a combined valuation of $4 billion, Bangkok-based big data company Computerlogy, Ookbee U, a three way partnership between Tencent and digital publishing platform Ookbee, and Yello digital marketing. The system will consist of three fundamental structures: digital asset portfolio, financial services and cross-wallet trading.
EWOWAR (BIOTECHNOLOGY, INDONESIA)
Jakarta-based Evoware produces eco-friendly, edible and biodegradable packaging and plastics from seaweed. The company focuses on food and beverage packaging because 70 percent of plastic waste that results in the ocean comes from the food industry
Source : South China Morning Mail
