SPH Plug and Play
is a joint venture between Singapore Press Holdings, One of the largest media
companies in Singapore, Infocomm Investments, an investment arm of the
Singapore government and Plug and Play, a Venture Capitalist (VC) and accelerator
from Silicon Valley. In a short span of time, SPH Plug and Play became one of
the top 5 leading accelerators in Singapore. This is a feat considering that
SPH Plug and Play was only incorporated March 2015. All three corporations
played a huge role in establishing SPH Plug and Play to where it is today.
However, as a Singapore citizen, I’ve heard about SPH and Inofcomm Investments
but never Plug and Play. So what is Plug and Play? How had they helped grow an
organisation so quickly and so successfully?
Plug and Play is
the largest global accelerator, creating an innovation platform to connect start-ups
to corporations. Yearly they invest in over 100 companies and is spread over 22
locations across the world. In 2014, they were the most active VCs in Silicon
Valley. It is undeniable that it is due to their presence in the SPH Plug and
Play joint venture that ensured that the accelerator was accelerated and became
the top 5 accelerators in Singapore in a short span of time.
accelerator, they help pre-seed and/or seed stage companies by offering them
mentorship, financing, meetings with investors and even educating them on how
to pitch to investors. This is done over a short period of 3 months. By
partnering with companies with specific verticals, Plug and Play also provides
startups with industry specific experience. This allows the startups to be
exposed to mentors of their industry who have many more years of experience than
they have, providing them with unique insights and pitfalls that startups might
not have notice before.