This partnership leverages Cross Capital's nearly 40 years of expertise, its flagship Fund of Funds, and Gobi's proven success in cross-border collaboration to support startups in Southeast Asia and Japan. With the region's startup ecosystem projected to hit US$1 trillion by 2025, the partnership aims to accelerate market entry, localisation, and scaling, bridging Northeast Asia and ASEAN to drive innovation and unlock transformative opportunities for entrepreneurs and investors.
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Gobi-Core’s "Philippine Horizons" report highlights the rapid growth of the Philippines’ startup ecosystem, with funding surpassing US$1 billion in 2024. It calls for adopting regional best practices, such as Singapore’s VC focus and Malaysia’s regulatory ease, to boost local innovation. Key government initiatives, like the Startup Venture Fund, alongside Gobi-Core's new Philippine startup database, aim to centralise resources and foster a collaborative ecosystem.
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Prenetics, a Nasdaq-listed health sciences company, has partnered with David Beckham to launch IM8, a health and wellness brand offering two products: Daily Ultimate Essentials, an all-in-one powder with 92 nutrients, and Daily Ultimate Longevity, a capsule supporting cellular rejuvenation. Beckham, a strategic investor and co-founding partner, emphasises the brand's commitment to simplifying wellness with scientifically-backed supplements. IM8 is now available for purchase online, shipping to 31 countries.
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Hong Kong biotech company Immuno Cure announced promising results from a Phase 1 trial of its HIV vaccine, ICVAX. The trial showed strong safety and effectiveness in boosting immune responses among 45 participants. Most who received the optimal dose experienced a significant increase in T-cell activity, with only mild side effects. The company plans to begin a larger Phase 2 trial in mid-2025, expanding to hospitals in Hong Kong and Guangzhou, while sharing its findings with regulators and the scientific community.
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At the recent FII Riyadh Summit, AI Financial Technology (AIFT) (formerly One Degree Group), the global cybersecurity and insurance technology announced agreements with Riyad Bank to integrate AI-driven underwriting solutions and Merak Capital to support its technology-focused growth initiatives. These partnerships aim to strengthen AIFT’s position in the Middle East while driving digital transformation in the insurance and financial sectors.
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"Airwallex for Startups" is designed to aid Kiwi entrepreneurs in scaling their ventures more efficiently, offering a range of resources including practical guidance and networking opportunities. A highlight of the initiative is the opportunity for participating startups to win a Business Acceleration Grant of US$5,851 (NZD $10,000). This programme, already active in regions including Hong Kong, Australia, and Singapore, has attracted over 2,000 startups globally.
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Gobi Co-founder and Chairperson Thomas G. Tsao participated in a fireside chat titled “Future-Ready: Cultivating a Growth Mindset in an Evolving World” at HSBC’s Commercial Banking ‘OneCMB’ Convention. Joined by Alvin Kong of HSBC, Chia Ah Hoo of Segi Group, and moderator Michael Teoh Su Lim of Thriving Talents, the panel explored leadership transformation, adaptability, and the importance of a solution-focused mindset in navigating change. The discussion emphasised balancing innovation with client-centricity and fostering strong relationships to sustain growth in a dynamic business landscape.
Thank you to HSBC for hosting this insightful event.
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Gobi Managing Partner Jamaludin Bujang joined a fireside chat at TEGAS Digital Village & Digital Innovation Hub in Kuching, where the discussion focused on startup funding, sustainability, and digital transformation. Jamal highlighted Sarawak's untapped potential as a tech hub, likening it to Malaysia’s startup growth a decade ago, and underscored the importance of attracting talent and fostering inclusive financing to drive the region’s ecosystem forward.
Thank you to Yayasan Peneraju and TEGAS Digital Village for hosting an event that brought together founders, investors, and policymakers to promote collaboration and innovation.
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