With 70 percent of the population under the age of 40, high smartphone penetration and a flourishing e-commerce market, Southeast Asia holds vast untapped opportunities for venture capitalists, noted David Gowdey, managing partner at Jungle Ventures.
Following successful editions in Japan and China, Slush makes its Southeast Asia debut in Singapore on September 20, with heads of popular local companies such as gaming platform Garena, property portal 99.co and online marketplace Carousell slated to attend the two-day event.
Campus Party is another tech festival eyeing the region. Branding itself as the world's largest electronic entertainment event, it intends on expanding into Southeast Asia as well as India next year, marking its first foray into the East.
First launched in Spain seventeen years ago, the week-long affair blends a mix of fun and serious activities, such as gaming tournaments, design competitions as well as a robust speaker list that's featured Stephen Hawkings and Buzz Aldrin in the past.
Good ideas and skills aren't the sole ingredients necessary to building transformational technology; social connections are also essential and that's where Campus Party comes in, explained marketing director Tassia Skolaude. A vibrant environment is more likely to propel individuals to action, she said.
California's SuperHappyDevHouse (SHDH), a self-described "half-hackathon, half-party," came to Singapore five years ago in an attempt to bring the fun side of Silicon Valley to the local industry.
"Tech parties are more a by-product of a dynamic, inclusive, vibrant tech ecosystem; they are not its progenitors...If and when countries successfully foster their own start-up cultures, tech parties will organically grow," explained Justin Hall, SHDH co-organizer and principal at Golden Gate Ventures.
These events still need to make more money than they cost to plan, he continued. "Organizers would not come to Southeast Asia if they did not believe that they would be able to make a return on their investment."
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