2022

New Straits Times

ScaleUp Malaysia, in partnership with Quest Ventures, Indelible Ventures, and Mranti signalled the culmination of its third cohort with the unveiling of its selection of top startups.

The cohort, which kicked off in August 2021 drew over 200 applications from 26 countries including Malaysia, the United States of America, Egypt, Indonesia, Singapore and Japan. Twenty companies were shortlisted to participate in Cohort 3 and placed into separate tracks, giving them exclusive access to Quest Ventures and Indelible Ventures respectively over the course of 16 weeks.

Quest Ventures has shown a commitment to developing the Malaysian ecosystem and has grown a portfolio of 16 companies in the nation through its partnership with ScaleUp Malaysia over the last 12 months.

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Tech In Asia

ScaleUp Malaysia has revealed the 11 startups that have received investments as part of its third cohort – which was organized in partnership with Quest Ventures, Indelible Ventures, and Mranti.

The cohort kicked off in August 2021, seeing over 200 applications from 26 countries. ScaleUp Malaysia then selected 20 companies to participate in the third program, linking them to Quest Ventures and Indelible Ventures, over 16 weeks.

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AsiaTechDaily

ScaleUp Malaysia, an accelerator that focuses exclusively on growth-stage companies in Malaysia, in partnership with Quest Ventures, Indelible Ventures, and Mranti signalled the culmination of its third cohort with the unveiling of its selection of top startups.

The cohort which kicked off in August 2021 drew over 200 applications from 26 countries including Malaysia, the United States, Egypt, Indonesia, Singapore and Japan. 20 companies were shortlisted to participate in Cohort 3 and placed into separate tracks, giving them exclusive access to Quest Ventures and Indelible Ventures respectively over the course of 16 weeks.

Quest Ventures has shown a commitment to developing the Malaysian ecosystem and has grown a portfolio of 16 companies in the nation through its partnership with ScaleUp Malaysia over the last 12 months.

More

DealStreetAsia

ScaleUp Malaysia, an accelerator that focuses exclusively on growth-stage companies, has selected 11 emerging startups for its four-month programme.

The accelerator and its partners – Quest Ventures, Indelible Ventures, and Mranti – have chosen Guruinnovtif, Open Academy, MadCash, SparexHub, VireServe, WaSushi, Howuku, Kumo, MidWest Composites, BizTech Asia, and RECQA for co-investments. Each company will receive up to $60,000.

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Digital News Asia

ScaleUp Malaysia, in partnership with Quest Ventures, Indelible Ventures, and Mranti signalled the culmination of its third cohort with the unveiling of its selection of top startups.

Some 20 companies were shortlisted to participate in Cohort 3 and placed into separate tracks, giving them exclusive access to Quest Ventures and Indelible Ventures respectively over the course of 16 weeks.

ScaleUp Malaysia said Quest Ventures has shown a commitment to developing the Malaysian ecosystem and has grown a portfolio of 16 companies in the nation through its partnership with ScaleUp Malaysia over the last 12 months.

More

eFinancialCareers

As the world and the financial markets only have one big story, it’s worth having a look at the ways in which finance and war interact. It’s perhaps strange to consider, but the world of banking is actually surprisingly large compared to the size of the current conflict – in an article on the Ukrainian government’s launching a crowdfunding exercise for its army, Bloomberg reports that the country’s total military budget is around $3.9bn.

That compares to a total bonus pool in New York alone of $31bn in the most recent State Comptroller’s Report, which will have risen substantially for 2022.

Singapore has always been a tight labour market, but for software engineers in particular, there’s a real shortage. Salaries are up 22% in the latest Nodeflair/Quest Ventures survey, with startups and big techs drawing talent away from the financial sector just as they are everywhere else.

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IT Pro

A surge in venture capital investment across Singapore has seen the average salary for software engineering roles increase by 22% since the start of 2021, a new report has found.

The war for tech talent has driven salaries to an all-time high, according to a report from NodeFlair and Quest Ventures, published earlier this month. It analysed over 30,000 salary data points and shared a detailed breakdown of how tech talents are paid in the state.

The salaries for software engineers increased the most by 22%, while it increased as much as 32% for more experienced roles like lead software engineers.

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Bloomberg

Salaries for software engineers in Singapore increased by an average of 22% last year, highlighting the need for qualified talent to sustain the city-state’s burgeoning tech ecosystem, according to a report published this month.

Some experienced roles, like lead software engineers, commanded average increases up to 32% during the period, NodeFlair and Quest Ventures found.

The competition for highly qualified engineers has produced a wide variance in pay, according to the researchers, who verified payslips and offer letters as part of procuring their figures. The highest-paid roles came with compensation as much as three times higher than more junior positions. Sea Ltd.’s Shopee, ByteDance Inc. and Grab Holdings Ltd. were among the most searched-for employers in the tech sector, joined by big U.S. firms like Amazon.com Inc. and Visa Inc. as well as Google and Meta.

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Mint

Salaries for software engineers in Singapore increased by an average of 22% last year, highlighting the need for qualified talent to sustain the city-state’s burgeoning tech ecosystem, according to a report published this month.

HRWorld SEA

Software engineers enjoyed the highest raises among various technical specializations surveyed in a new report by tech talent platform NodeFlair and venture capital firm Quest Ventures, with an average increase of 22 percent year-on-year in 2021.

The report analyzed more than 30,000 data points from NodeFlair’s database, including user-submitted salaries backed by documents such as pay slips and offer letters, as well as advertised salaries on job portals.

Salaries can vary widely even at the same level of seniority.

The report said that the median monthly income of junior software engineers is about $4,750, while those at the 90th percentile can make about $7,500 a month. The median for lead software engineers is about $9,000. This goes up to almost $16,000 at the 90th percentile.

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