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The Innovation Hub of Asia, InnoVEX Returns on June 6 2018



The Innovation Hub of Asia, InnoVEX Returns on June 6 2018

InnoVEX, the special startup exhibition of COMPUTEX started in 2016 as a platform for ICT startups to network with global buyers, investors and manufacturers, is returning to Taipei TWTC Hall 3 from June 6 to 8 2018.

This year, InnoVEX will feature 388 exhibitors from 21 countries and regions. Visitors can meet with startups from not only Taiwan, but also Canada, Singapore, Philippines, Japan, United States, Netherlands, Belgium, France, Poland, Spain, Japan, Korea, Indonesia, Malaysia, Hong Kong, Mexico, Sweden, Austria, Germany, and Saudi Arabia. InnoVEX will have exhibitions, forums, pitch contest, and matchmaking sessions to help accelerate startups’ commercialization process and network with global buyers, investors, and manufacturers.

Entering its third year, InnoVEX has become the most international startup platform in Taiwan as 40% are from overseas. The total number of exhibitors also grew by over 100 from last year’s number. The number of visitors is expected to grow to over 18,000.

InnoVEX official Sponsor: Pan German Motors Ltd. (BMW Taiwan Importer)

InnoVEX is honored to announce Pan German Motors Ltd. (BMW Taiwan Importer) as the InnoVEX official sponsor. As the only luxury car brand that participates in InnoVEX this year, BMW is going to unveil the mobility of tomorrow to the public in Taiwan through holding the “BMW Future Mobility Forum” on June 6. Moreover, Dr. Mario Urbina Cazenave, BMW Lead UI/UX (User Experience and Interaction) Designer, will be invited to give a keynote speech on the theme of “BMW Future Vision: Autonomous, Connected, Electric, Shared”. The new BMW i8 Roadster is also going to be displayed at the venue to showcase the cutting-edge technology of BMW.

Pavilions organized by Nations, Governments, Accelerators, and Incubators to Join InnoVEX

The top 5 industries that the exhibiting startups will bring are: IoT, AI, Health & Biotech, AR/VR, and Big Data & Cloud Services. In addition to the individual exhibitors, the pavilions are also part of the main highlights of InnoVEX. The principal pavilions are organized by: Taiwan Startup Springboard, Alibaba Taiwan Entrepreneurs Fund, Taiwan Tech Arena (TTA), XR-EXPRESS TW (National Development Council), Startup [email protected] Startup Terrace, Taoyuan City Government (TYC), Global Startup Talents @ Taipei (GSTPE), Industrial Development Bureau IoT Integration Service Center (IDB IISC), and many more including the 13 national pavilions from The Netherlands, France, EU, and other innovative countries.

InnoVEX Forum: 3 Days, 6 Main Topics, Over 60 Speakers

The InnoVEX Forum is a 3 day long event, where speakers from around the world are invited to share their insights on the current and future trends of the ICT industry. This year’s InnoVEX forum will address: AI, Blockchain, Future Mobility, Gaming, Startup Ecosystem, Women Entrepreneurship, and more in the Center Stage which more than 60 speakers are expected to join.

The AI forum will focus on its applications in IoT, Health/ Medicare, and fintech. The speakers are the leaders of the AI sector in IBM, Intel, Microsoft, and NVIDIA; also featuring AI experts from Appier, CTCI, GLORIA NCKU, Graphen Inc, Hyperform Consulting, ImmerVersion, Insilico Taiwan, NCCU, NTU,, and Taipei Medical University.

The blockchain forum will have a keynote speech from IOTA Foundation; and a panel discussion featuring speakers from Bitmark, KKFARM, and Health2Sync.

The Women Entrepreneurship forum will have Adriana Gascoigne, the CEO and Founder of Girls in Tech; Stephanie Tang, the Managing Director of Rookie Fund and 2018 Forbes 30 Under 30 Honoree; also speakers from KuoBrothers Corp, Shape Protype & Women in IoT, IoX Center of NTU, Noa’s Mark, and Auterion.

The speakers for the startup ecosystem topic will come from multiple backgrounds. From the VC side, there will be Anis Uzzaman, the CEO & General Partner of Fenox Venture Capital; Yuma Saito, the Founder & General Director of Deloitte Tohmatsu Venture Support; and Tom Vanhoutte, the Founder and Managing Partner of Imec.xpand; all three speakers will also be in the InnoVEX PITCH Contest judge panel. InnoVEX will also invite speakers from more VC firms, the media, accelerator, and incubators from Asia.

InnoVEX PITCH Contest Prize Pool Reaches A Record High USD 350,000

The InnoVEX PITCH Contest was started to help startups with their commercialization process and increasing exposure. It also serves as a means for startups to network with investors, potential users, and future partners. This year, the prize pool of the InnoVEX PITCH Contest has hit a record high of USD 350,000 with prizes from both organizers and sponsors, including VCs, corporate, and government. The registration for the pitch contest has closed with over 40% overseas participants. The semifinalists will be announced on May 30, while the semifinal round will be conducted on June 7 on the Pi Stage. The final round will be on June 8 on the Center Stage.

Matchmaking Sessions for Networking, Finding Partnerships, and Investments

InnoVEX will also have matchmaking sessions on the Pi Stage as a way to help startups meet with VCs and corporate capitals. The matchmaking sessions are scheduled to take place on June 6 and June 8. There will also be a global startup demo on the Pi Stage on June 6 for startups to showcase their products and solutions featuring 10 teams from France and 8 teams from Poland.

Everyone’s invited to join InnoVEX 2018, COMPUTEX Exhibitors and Visitors can all join for free. Visitors can pre-register for their badge & pass on InnoVEX website (

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Oil set for steady gains as economies shake off pandemic blues – Reuters poll



Oil set for steady gains as economies shake off pandemic blues - Reuters poll 1

By Sumita Layek and Bharat Gautam

(Reuters) – Oil prices will stage a steady recovery this year as vaccines reach more people and speed an economic revival, with further impetus coming from stimulus and output discipline by top crude producers, a Reuters poll showed on Friday.

The survey of 55 participants forecast Brent crude would average $59.07 per barrel in 2021, up from last month’s $54.47 forecast.

Brent has averaged around $58.80 so far this year.

“Travel and leisure activity look set to catch up to buoyant manufacturing activity due to the mix of stimulus, confidence, vaccines, and more targeted pandemic measures,” said Norbert Ruecker of Julius Baer.

“Against these demand dynamics, the supply side is unlikely to catch up on time, leaving the oil market in tightening mode for months to come.”

Of the 41 respondents who participated in both the February and January polls, 32 raised their forecasts.

Most analysts said the Organization of Petroleum Exporting Countries and allies (OPEC+) may ease current output curbs when they meet on March 4, but would still agree to maintain supply discipline.

“With OPEC+ endeavouring to keep global oil production below demand, inventories should continue falling this year and allow prices to rise further,” said UBS analyst Giovanni Staunovo.

Oil demand was seen growing by 5-7 million barrels per day in 2021, as per the poll.

However, experts said any deterioration in the COVID-19 situation and the possible lifting of U.S. sanctions on Iran could hold back oil’s recovery.

The poll forecast U.S. crude to average $55.93 per barrel in 2021 versus January’s $51.42 consensus.

Analysts expect U.S. production to rise moderately this year, although new measures from U.S. President Joe Biden to tame the oil sector could curb output in the long run.

“A structural shift away from fossil fuels” may prevent oil from returning to the highs of previous decades, said Economist Intelligence Unit analyst Cailin Birch.

(Reporting by Sumita Layek and Bharat Govind Gautam in Bengaluru; Editing by Arpan Varghese, Noah Browning and Barbara Lewis)

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Japan’s jobless rate seen up in January due to COVID-19 emergency measures – Reuters poll



Japan's jobless rate seen up in January due to COVID-19 emergency measures - Reuters poll 2

TOKYO (Reuters) – Japan’s jobless rate is expected to have edged up in January as service industry businesses suffered renewed restrictions on movement to fight spread of the coronavirus in some areas, including Tokyo, a Reuters poll of economists showed on Friday.

While industrial production activity picked up in Japan, emergency curbs rolled out last month such as asking restaurants to close early and suspending the national travel campaign hurt the jobs market, analysts said.

The nation’s unemployment rate likely rose 3.0% in January, up from 2.9% in December, the poll of 15 economists found.

The jobs-to-applicants ratio, a gauge of the availability of jobs, was seen at 1.06 in January, unchanged from December, but stayed near September’s seven-year low of 1.03, the poll showed.

“As the impact from the coronavirus pandemic prolongs, it is hard for firms, especially the service sector, to expect their business profits to improve,” said Yusuke Shimoda, senior economist at Japan Research Institute.

“So, their willingness to hire employees appear to be subdued and it is difficult to see the jobs market recovering soon.”

Some analysts also said the government’s steps to support employment and existing labour shortages will likely prevent the jobless rate from worsening sharply.

The government will announce the labour market data at 8:30 a.m. Japan time on Tuesday (2330 GMT Monday).

Analysts expect the economy to contract in the current quarter due to the emergency measures to counter the spread of the disease.

(Reporting by Kaori Kaneko; Editing by Simon Cameron-Moore)

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China’s economy could grow 8-9% this year from low base in 2020 – central bank adviser



China's economy could grow 8-9% this year from low base in 2020 - central bank adviser 3

BEIJING (Reuters) – China’s gross domestic product (GDP) could expand 8-9% in 2021 as it continues to rebound from the COVID-19 pandemic, Liu Shijin, a policy adviser to the People’s Bank of China, said on Friday.

This speed of recovery would not mean China has returned to a “high-growth” period, said Liu, as it would be from a low base in 2020, when China’s economy grew 2.3%.

Analysts from HSBC this week forecast that China would grow 8.5% this year, leading the global economic recovery from the pandemic.

If 2020 and 2021’s average GDP growth is around 5%, this would be a “not bad” outcome, said Liu, speaking at an online conference.

China is set to release a government work report on March 5 which typically includes a GDP growth target for the year.

Last year’s report did not include one due to uncertainties caused by the coronavirus. Reuters previously reported that 2021’s report will also not set a target.

(Reporting by Gabriel Crossley and Muyu Xu; Editing by Sam Holmes and Ana Nicolaci da Costa)

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