It is crucial for startups, enablers, and venture capitalists to be plugged into a community that allows them to thrive in the long run. This was why JTC, a government agency in charge of Singapore’s industrial development, started LaunchPad.
Located at one-north and Jurong Innovation District, LaunchPad offers a total of 60,000sqm of modular units of varying sizes to suit the requirements of startups. This includes those from industries like advanced manufacturing and engineering, agri-food technology, biomedical sciences, infocomm technology and media, and urban solutions.
Besides reliable infrastructure, LaunchPad seeks to foster an atmosphere of vibrancy and community. There are multiple opportunities for partnerships, programming support through learning and networking events both offline and online, and various shared facilities.
Prolific names such as Carousell, a leading second-hand goods marketplace, and ShopBack, a shopping and rewards platform, are some of the startups that got their start at LaunchPad.
But there’s space for more. “LaunchPad has the potential to house a wider variety of industries and ecosystem stakeholders going forward. Bigger VCs and startups may want to land in LaunchPad. This will promote more deal flows and better ideas with stronger collaborations between the relevant parties,” said James Tan, Chairman of the Action Community for Entrepreneurship (ACE), a trade association advocating startups’ interests and bridging communications between startups and the Singapore government.