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"Stars of Asian business"
A new generation of Asian rising business stars appears on the crest of the innovative wave of technological start-ups development in the region
If you look at the Facebook profiles of so-called “millennials,” the people under 30 who top the Forbes Asia list, you can see what they mean.
The first places in the ranking are occupied by all kinds of new technologies that did not exist ten years ago: mobile search, data analytics, social commerce, mobile apps for crowdfunding and ride sharing, and the like. They fill both large and small markets, actively developing in both technologically advanced and less developed areas of the Asian region, notes Forbes.
Many of them have been able to raise more than $ 1 million in funding to grow their new ventures (see also Who Fund Forbes Asia's Winners), although some of these companies, having achieved profitability, continue to grow at such a rapid pace that it becomes difficult to cope with business tasks even for young people under the age of 30.
The entrepreneurs who have made these fast-growing startups successful have one thing in common that is essential to their success - a passion for what they do.
For example, social entrepreneur Shay Wright from New Zealand. It focuses on helping the Maori people and developing their entrepreneurship by equipping their community leaders with the practical skills to help ensure effective social and economic organization of the community. This model could transform the lives of New Zealand's 10 million indigenous people.
Or another example is Hong Kong entrepreneur Eric Chen, founder of Vitargent, who developed and patented a food safety testing method using luminescent fish embryos that emit light when toxic substances are detected.
You can also recall the success story of Kevin Aluwi,
co-founder of G0-JEK, a mobile app for motorcyclists in Indonesia, based on the Uber model.
The history of Patsnap in Singapore is another inspiring success story for a tech startup that developed a search engine that finds links to patents. Currently, this product is used by such giants as IBM, MIT and thousands of customers around the world.
Forbes Asia includes Lusarun Silpsrikul, founder of Softbaked Thailand. He has created a social commerce platform called Page365 for small regional sellers to promote their products across all social media platforms, and track and fulfill orders online and via SMS.
The BlueDot company from Australia has a patented pinpointer, which in search engine slang means a system for determining the exact location of a target using a smartphone down to the smallest detail on the surface of footpaths.
India also has many exciting tech startups like AsaanJobs, which helps entry-level professionals find jobs. Prior to the introduction of this application, the employment market in the country had a very weakly disorganized structure. Another example of a successful Indian startup is Pluss, an app that organizes home delivery of medicines to customers.
The Asian region has a ton of impressive examples of emerging high-tech venture capital businesses. James Riney, a spokesperson for a venture capital fund daringly called 500 Startups, is a good example of this. Since joining this company in October last year, he managed to conclude 500 deals with Japanese investors to create and promote new products, and also signed a contract with the legendary venture capital fund Vinod Khosla.
The female entrepreneur, Allison Baum of Fresco Capital in Hong Kong and Tokyo, impresses with her determination to reach Asia with a plan 12 investment in new learning technologies.
This list can be continued for a very long time, but I advise you to study the full Forbes Asia list yourself, I promise it will be exciting.