MAY 20198By Himanshu Agarwal, CEO and Founder, Magneto CleanTechhe Asia Pacific region's startup ecosystem has quickly made its mark on the global map. While it may still be competing with Silicon Valley on a lot of fronts, there is no denying that it has created its own niche in the entrepreneurial echelons worldwide. Recent developments in this sphere further corroborate this. Singapore emerged as the number one hub for tech talent displacing Silicon Valley for the first time in 2017 as per a report by Startup Genome. Valeur, the matchmaking tool for startups and corporations, named Bengaluru in India as the 5th best startup city in the world. In 2018, investments in Australian startups grew at a much faster clip than in European or North American ones. Startups in China accounted for 47% of the world's total VC funding in the quarter ended June 2018. A massive shot in the arm for the APAC region came when China's Bytedance de-throned America's Uber as the most valued tech startup in the world at $75 billion. And that's not all, close on the heels of Bytedance and Uber was displaced in China by yet another Chinese startup ­ Didi Chuxing. While all these numbers make it clear that the APAC startup realm has been experiencing massive growth and investor interest, there is another trend that is subtly but sure-footedly sweeping over this domain ­ social entrepreneurship. Social entrepreneurship, as it is taking place in the Asia Pacific region, isn't necessarily limited to social IN MY OPINIONStarting-up the social revolution: Innovative ventures in the APAC usher in massive social changeT Himanshu is helping shape the future of indoor air quality in India using real-time data and proprietary technology and is focused on solving challenging problems in the domain of environmental sustainability with a large social impactHimanshu Agarwal
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