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Leading Global Airport Changi Signs Innovation Pact with OurCrowd
Singapore’s industry-leading airport to partner with OurCrowd to access early-stage technologies
Singapore/Jerusalem – March x, 2019 – OurCrowd, a leading global equity crowdfunding platform and Singapore’s Changi Airport Group (CAG) have signed an innovation partnership to source and integrate next generation tech into one of the world’s most cutting-edge airports. The tech sharing agreement will span areas such as automation, retail, cyber security, environmental, robotics, data analytics, IoT and smart infrastructure management. CAG will have access to OurCrowd’s diverse portfolio of 170 innovative startups, with the opportunity to develop and trial these new technology solutions in a live airport environment.
Changi Airport is the major civilian airport for Singapore, and one of the largest transportation hubs in Southeast Asia. It is currently rated the World’s Best Airport by Skytrax, for the sixth consecutive year since 2013 and is one of the world’s busiest airports by international passenger and cargo traffic. The airport has won over 557 awards since its opening, including 26 “Best Airport” awards in 2017 alone.
“Changi Airport is one of the world’s leading and most technologically advanced airports. We are constantly looking for new and innovative solutions that can ensure the airport remains the best in the world and OurCrowd is the ideal partner to help us hunt for that technology”, said XXX, Changi Airport Group. “ We encourage early-stage startup companies developing relevant technologies for airport environments – whether that be retail, data analytics, IoT, robotics, or more – to join us”.
Changi Airport saw 65.6 million passenger movements in 2018 and over 57 million retail transactions recorded in 2017, providing a wealth of data points which would be invaluable to start-ups. As an air hub serving passengers from over 400 cities in more than 100 cities, and a wide variety of retail product categories which average 158,000 transactions per day in 2017, the range of customer demographic and retail products would benefit aspiring innovative companies looking to test their solutions and to leapfrog their global expansion plans.
“We’re honored to be expanding our innovation expertise to leading companies of the world such as CAG,” said Laly David, OurCrowd Business Development Partner. “Through OurCrowd’s powerful collaboration program, and thanks to our dedicated partners at United Overseas Bank, we are leveraging our global network to provide multinationals like Changi the ability to stay ahead of the latest innovation trends globally by providing access to the bustling global tech startup community, and deep diligence capability into cutting edge technologies.”
OurCrowd entered the Asian market in 2015, established its first ASEAN partnership with United Overseas Bank in early 2016, and has positioned itself as a leading provider to the local market of global alternative business development and investment opportunities. Other current partnerships in the region include Citic Pacific in Hong Kong, Shanghai Commercial Savings Bank in Taiwan, Reliance Private Client and Yes Bank in India, and National Australia Bank. OurCrowd also recently announced a strategic investment from Thailand’s Bangkok Bank.
“This recent collaboration with Changi demonstrates the growing impact of Asian traction for OurCrowd,” said Roland Wee, Managing Director, OurCrowd Asia. “We are leveraging our presence in Asia and the unique network effect of the thousands of co-investors on our global platform to bridge the gap between the Asian corporates and innovative tech startups around the world.”
About OurCrowd: OurCrowd is the leading global equity crowdfunding platform for accredited investors. Managed by a team of seasoned investment professionals and led by serial entrepreneur Jon Medved, OurCrowd vets and selects opportunities, invests its own capital, and brings companies to its accredited membership of global investors. OurCrowd provides post-investment support to its portfolio companies, assigns industry experts as mentors, and takes board seats. The OurCrowd community consists of almost 25,000 accredited investors from over 150 countries. OurCrowd has raised over $750M and invested in 150 portfolio companies and funds. To join OurCrowd as an accredited investor visit www.ourcrowd.com and click “Join.”
About the 2019 OurCrowd Global Investor Summit: The OurCrowd Global Investor Summit, Where the startup world gathers. The 2019 OurCrowd Global Investor Summit, taking place March 7 in Jerusalem, Israel, is one of the premier events in the tech industry, and the largest business event in Israel’s history, with 15,000 expected to register to attend. The Summit provides an interactive, front-row seat to the formerly closed world of startup venture capital, with exclusive exposure to cutting-edge technologies, the entrepreneurs behind them, and the corporate leaders deploying them. Top investors, venture capitalists, corporate partners, entrepreneurs and journalists come from around the world both for Summit day as well as a week of events that include tours of the Israeli ecosystem, corporate meetups, and cultural and historical excursions. Thousands more will participate through livestreaming. Learn more at summit.ourcrowd.com.
About Changi Airport Group: Changi Airport Group (Singapore) Pte Ltd (CAG) was formed on 16 June 2009 and the corporatisation of Singapore Changi Airport (IATA: SIN, ICAO: WSSS) followed on 1 July 2009. As the company managing Changi Airport, CAG undertakes key functions focusing on airport operations and management, air hub development, commercial activities and airport emergency services. CAG also manages Seletar Airport (IATA: XSP, ICAO: WSSL) and through its subsidiary Changi Airports International, invests in and manages foreign airports. Changi Airport is the world’s sixth busiest airport for international traffic. It served record 53.7 million passengers from around the globe in 2013. More than 350 retail stores and 120 F&B outlets are situated across three terminals to cater to passengers and visitors. With over 100 airlines providing connectivity to 300 cities worldwide, Changi Airport handles about 6,400 flights every week, or about one every 90 seconds. For more information visit www.changiairportgroup.com.
For Press Materials: https://blog.ourcrowd.com/CAG
Press contacts: OurCrowd: Leah Stern, Dir. Of Communications / UK: +44 747 0196826 / US: +1 703 626 4310 / E: firstname.lastname@example.org