6 Key Takeaways from Startup Asia 2013

I visited the Startup Asia 2013 event (organised by TechInAsia) recently in Singapore, which ran from the evening of 3 April (pre-event) to the night of 5 April (after-event dinner). Chock-full of market data from the neighbouring markets, marketplace of big ideas from startups, valuable lessons and advice from successful entrepreneurs, luminary quips (albeit at times with wry humour), it was a jam-packed startup event spread over 3 storeys of panel discussions, interviews, demo booths, startup pitches and countless networking opportunities. Bringing together VCs, incubators, social media marketeers, entrepreneurs, startups and more from all over the region in Southeast Asia and beyond, while everyone recognised that Southeast Asia is evolving to be a hotbed for mobile internet innovation, this wave is not coming without its hosts of challenges like payment, logistics, ecosystem support.

Here are the 6 key takeaways I put together from my experiences in the Startup Asia event 2013.

1. Develop Vertical Communities to build Commerce opportunities

• Lots of Buttons from Hong Kong, won the $10,000 first prize during the startup pitch competition at the Startup Asia event - "Lots of Butttons is a Hong Kong ecommerce that sells craft materials at 50% of retail price. #startupAsia via @xescx"
• Puddding which through its relevant social discovery platform for ladies looking to buy jeans online through recommendations from other similar sized ladies, offers sizing insurance.
• Windphony is a global self-publishing platform which allows composers, of varying professional levels to submit and market their own music (scores) works.
• The trend in the growing number of vertical communities into commerce has been highlighted during the SparxUp Indonesia 2012 event.

2. Enriching Your Communication Experience

• It is little wonder that with social being an essential layer to bring about engagement, community and commerce, the Social Messaging market is hotting up globally and especially now in Southeast Asia.
• In the business to business (B2B) space, Chatwork seeks to simplify business communications amongst employees.
• In the business to consumer (B2C) space - Hoozin tries to bring the real-world experience in face to face group chat conversations into its "round-table user interface".
• Watch out for the evolution of the Social Messaging market in 2013. 

3. Consolidating and Sharing Media Quickly

• Caught in today's hyper-connected mobile world, consumers are constantly being inundated with an avalanche of media, information and tasks to be completed. Startups are constantly sprouting up with solutions to address these perennial pains.
• In the Business to Business or B2B space, mmixr looks to offer professionals a cloud-based solution to better manage, edit and share their rich media presentation materials.
• In the Business to Consumer or B2C space, yet another photo app, Seconds comes forth with a pitch on their 1-2-3 quick to shoot and share to private albums, whilst PixBento is differentiating with their offer to bridge photo sharing amongst buddies by allowing photos to be pooled and shared across the smartphones and PCs of specific buddies.

4. B2B and B2C Loyalty is trending

• From 2012 and into 2013, an increasing number of business to consumer (B2C) loyalty program players who cater to retailer consumer loyalty benefits, and business to employee (B2E) loyalty program players who cater to corporate staff benefits are entering and developing these markets in Southeast Asia.
• Retailers and enterprises alike have been or will be looking into the trend of loyalty programs for their customers (business to consumer, B2C) or for their employees (business to employee or B2E).
• Some examples of B2C loyalty program players include Malaysia based Pofers.com and Gimmie.
• Examples of B2E loyalty program players include Singapore-based Pyrks.com and Malaysia-based PerkPool. And by the way, there is another player in Singapore, Patontheback.org which was not at the event.

5. Utility tools over Cloud as a service to drive SME productivity

• In view of the service labour crunch in Singapore, Kwix is looking to help restaurants relieve their labour shortage in waiting staff by allowing customers to order from their smartphones at their tables, instead of having to wait for the restaurant staff to attend to them.
• Ticktok looks at alleviating the frustrations of consumers who are waiting in line for their table by getting real-time notifications to them when their tables are ready. Restaurant owners are able to better manage their yield in seat allocation and not lose frustrated customers.

6. "Keep the fire in your belly"

• With every new business that one ventures into, there will never be any certainty in the product development, take up and performance. The important thing is that entrepreneurs need to stay bright-eyed in their outlook.
• Chua Kee Lock, Group President and CEO of Vertex Venture Holdings, offered the following golden gems:
• "Are you trying to win, or not to lose?"
• "An entrepreneur needs to be arrogant, but also willing to listen."
• Last but not least, Loo Cheng Chuan from Local L!fe, SingTel Digital Life Group rounded up his presentation about the 9 shocking truths about Silicon Valley with the following quip "Keep the fire in your belly".

Whilst the Startup Asia 2013 event in Singapore was a great platform and meeting of minds for the startup community in the region and beyond, it would only serve as a precursor for more exciting things to come for the business ideas and performances of many of the bright minds I have had seen and had conversations with.

In closing, to all startups and entrepreneurs out there, Keep on going ... Don't lost hope. You never know what tomorrow will bring.

Reading references:

1. Tech and cultural trends from Vietnam, Thailand and Indonesia
2. Innovation from the East: takeaways from Startup Asia 2013
3. #startupasia Twitter conversations (chockful of information here! 
4. Startup Management: Tips for Prioritizing and Scaling (with Chua Kee Lock)
5. 9 shocking truths about Silicon Valley - Lessons from 100 Startup Founders
6. Newly added, Startup Asia 2013 as an infographic

Why is Southeast Asia evolving to be a hotbed for Mobile Internet Innovation?

Welcoming 2013 into Southeast Asia came amidst an increasing energy and momentum in how the mobile social internet market landscape is evolving into a hotbed for innovation. In fact, the Jan 3 2013 NextWeb article laid out further credence to these exciting times for tech start-ups in the melting pot of rich cultures and opportunities abound in this region.

In my last post "4 Hot Trends to watch in 2013", I talked about ... 

1. Tablets will rule with Smart Tabs, Mass Tabs, Phablets
2. Content and merchandise everywhere
3. Apps with niche communities thrive
4. Communication made richer via mobile social

In the Southeast Asia markets, the above market trends are either amplified or growing very quickly. Have a look at the 3 following observations.

(1) Southeast Asia market landscape update highlights the huge addressable base and growth (updated recently - see above for snapshot)

• With a 550 million population, and more than 630 million mobile lines activated.
• More than 120 million smartphone subscribers, and rapidly growing.
• Huge base of highly social consumers at 126 million Facebook users, probably more than 50% accessing from their smartphones or feature phones while on the go.

(2) Daily habits (email, reading news, chat etc) are increasingly embraced here in Southeast Asia markets.

• Marissa Mayer, ex-Googler, current Yahoo CEO, talks about Yahoo's focus on cultivating and innovating upon the daily habits of consumers with Yahoo's assets and experience.
• From the attached chart from the Nielsen "The Evolving Media Habits, Lifestyles and Attitudes of Southeast Asian Consumers" June 2011 report, you can see how these daily habits are in fact already increasingly embraced in the Southeast Asia markets here.

(3) Ecosystem stimuli from crowdfunding platforms, accelerator programs,  market entry consultancies, startup ignition outreach players

• Southeast Asia startup scene has been inundated especially in the recent 12 months with additional varied options of funding (Crowdonomic), support with market entry development (Accelerasia), acceleration camps (JDFI Asia), and startup ignition outreach programs (e27, TechinAsia).

What have your observations been for the Southeast Asia markets for the mobile internet?

Let's engage.

Best regards,
Nelson
Profile: Nelson Wee's LinkedIn Page
Twitter: @nelsonwee
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More references for your reading:

1. Why Southeast Asia is the World's most exciting region for startups and tech in 2013
2. South East Asia - the most exciting region for startups in 2013
3. Southeast Asia Mobile Internet Market Landscape
4. The Digital Media and Habits Attitudes of Southeast Asian consumers 
5. 4 Hot Trends to Watch in 2013
6. Southeast Asia Market Sizing for Internet Commerce

3 Key Themes from Sparxup 2012 in Jakarta

I visited Indonesia recently for the Sparxup 2012 event in Jakarta. There was a hackathon in day 1, followed by presentations and panels in the next 2 days. As always, it was refreshing to engage and listen in to ideas from the market - most of the presenters and the booth participants were from Indonesia though there were representations from Japan and Singapore as well.

Amidst the vibrant energies and furious presentations, I came back with the following 3 common themes from Sparxup 2012.

1. Community can thrive in local tribes with common passions

In my previous posts, I had discussed about how apps continue to act as outposts for communities of common passions. Apps like DishPal for food lovers sharing recipes in virtual potluck parties, and StyleTag for street fashion trend spotting target specific vertical communities and the specific mobile routines in their communities like sharing, enhancing and achievement oriented engagements. (declaration: DishPal and StyleTag are apps from SK planet, where I am now at)

In Sparxup 2012, communities and the development of which, in the local Indonesia market context, were very much represented by the respective passionate founders.

DapurMasak featured a social network dedicated in making the cooking experience fun, both in the bid to preserve the traditional recipes of Indonesia as well as to develop and enrich further the recipes. "Recu" represented the "like" in this local food community.  DapurMasak community members further continue to share and enrich their recipes through "cooking" accomplishments on the social network. Read more here on the gamification elements (cook points and badges) and monetization models (brand sponsorships in cooking challenges) in DapurMasak.

Another community, trackpacking.com focused on user generated content for backpackers. Groups in this dedicated backpackers' community were identified as "tribes". The use of "track-in" for a specific track submitted to this community, were highlighted by community members who have tried the specific track - hence the validations by this niche social network on the contributors of backpacking tracks. And by the way, this community was developed by one man, Kurniawan - simply amazing, what passion can drive!

2. Location holds context to everyday life's discovery

In my previous post, I looked at the opportunities in location-based mobile offerings. And these are increasingly being mashed into various social contexts. In Sparxup, the mobile routines around location, like sharing location information, writing, reviewing and keeping digital memories and planning were highlighted by a number of startups.

Memories associated to each moment in your travels are precious - this is the premise developers of a travel diary/travelogger app focused their energies around their offerings. This travel diary app from StoreQ, targeting bloggers, help log the travel diary entries with the help of Bing Maps and Evernote, as private notes in defined notebooks and are shareable to blogs, Facebook and Twitter public networks.

Another local travel in Indonesia, called Baroo, took care of trip planning app for holidays in Indonesia. Incidentally, this is where Baroo is located in Indonesia - yup the app was named after this place.

In terms of a different take and a wow user experience, I found Harpoen refreshing. Harpoen is all about making places social by enabling users to tagging and leaving your marks or "harps" at specific places you would like to leave your memory trails via digital messages. You could read more about Harpoen here (WSJ article) and over here (Techinasia article).

3. E-commerce is growing in developing markets

With more than 240 million people living in Indonesia, a growing middle class family with 20 million IDR monthly income to target, while shopping malls are sprouting up in a number of new places, persistent traffic jams and huge geography of Indonesia open up opportunities for e-commerce.

Fashion goods, clothing feature prominently on the agenda of e-commerce players in Indonesia as this forms the top category of goods purchased via e-commerce currently there, according to a report by DailySocial. Whilst largely driven by users surfing from PCs and at home, this has not dampened the momentum in players going to market with their offerings.

Small startups like shoppingmagz who position themselves to be the first digital shop and lifestyle magazine in Indonesia, are standing tall against other new but more established e-commerce players like blibli.com.

Blibli.com prides themselves in their quality of service and capability in delivering on their mantra of "anytime, anywhere shopping". Blibli.com aims to enable their time-poor consumers to lead less stressful lives by providing relevant lifestyle recommendations through their digital merchandising and deliver the products with easy click to buy payment options. The end to end level of service carries on to the convenient logistics fulfilment options and call centre customer service.

Seeing the energies and passion from all the presentations, panel discussions and booth visits in Sparxup 2012, these simply reaffirm my previous posts where I was writing about how:

• internet growth of southeast asia through mobile
• the evolution from print to digital of retail circulars
• how are eshopping trends shaping the market

are all leading to continual development and engagement in local or vertical communities, social conversations and the entry into commerce - these I alluded in my previous post on "3 Phase Strategy in Digital Commerce".

What are your observations on the common themes in apps, social and commerce in Indonesia or Southeast Asia in general?

Let's connect to discuss further.

Talk soon~
Nelson Wee
profile: http://www.linkedin.com/in/nelsonwee
twitter: @nelsonwee