StartupX
Listed among this year’s Forbes 30 Under 30 Asia, Oh Chu Xian started Magorium to recycle plastic waste, which is then added to bitumen to subsequently produce asphalt for road construction. Called NewBitumen, this innovation isn’t just kinder to our environment but also produces road surfaces that last longer. Oh, a business management graduate from Singapore Management University, hopes to scale her company’s technology into other parts of Southeast Asia to help alleviate the problem of plastic waste.
Coming in second place with a prize of $12,000 was Team Augmentus from National University of Singapore (NUS) with their idea of a unified and code-free industrial robot programming software enabling non-technical users to develop and deploy robots with high speed and accuracy. https://www.augmentus.tech
Childhood friends turned startup dream team, Outside is connecting businesses and individuals by providing a secure one-stop platform for both finding paid opportunities and obtaining labour for services.
The number of start-ups has mushroomed over the past few years, but experts and company founders say they still face many challenges and that more needs to be done to support young enterprises.