Fun Tradition

This past week in Singapore the folks in Small World Group Incubator in Singapore held our Yusheng or Lo Hei or Prosperity Toss.

Chiet Ping, one of our key partners here helped prepare it.  Here is a photo of her nearing the end of this preparation.

Chiet Ping Salad Prep

 

The salad contains carrots, radishes, raw fish, peanuts, black sesame seeds and so much more that I cannot remember them all.  Here is what it looks like from the top.

Horse Character

 

Chiet Ping placed the carrots and then the black sesame seeds in a pattern for the year of the horse using the old form of Chinese character, here is what that looks like in full caligraphy.

year of Horse character

Of course I had to look this up, so when I did, I was really impressed with how well it came out.  After all of the preparations you use very long chopsticks and group around the table and toss the salad into the air saying things like good fortune, our in our case profitable exits and such for a few minutes … here is what that looks like.

IMG_0798

 

IMG_0797

 

Salad is eventually flying everywhere.  And then you eat it down and it is very tasty.

And now you are participating with us vicariously through this posting.  yeah!

Posted in Essays

Block 71

Small World Group Incubator started in January 2010 as one of the initial group of 7 NRF TIS group.  It has been an interesting journey over the last 4 years.

To date we have started 15 companies, closed 5, sold 1 and have 4 of the companies nearing $1M per year in sales.  All that is pretty normal for the statistics of a seed level VC here in SE Asia.

Initially we worked out of offices provided to us by Nanyang Technological University at the NTU Ventures buildings.

But in November, 2011 we moved to “Block 71” which was an older building slated to be torn down so that newer and shinier buildings could be put up.  Building is the national sport of Singapore.  Block 71 was rescued from destruction by some folks at the National University of Singapore and made the home for startups.  In all fairness Block 71 is a partnership between the Media Development Authority of Singapore, NUS and others.

Small World Group Incubator took 4000 sq ft of space kept it relatively open except for some conference rooms and began adding companies to the space.  Today it looks more like a USA garage than a Singapore start up space.  It has 3D printers, CNC laser cutters and machining centers, soldering station, electronic measurement equipment, fixed wing and hex-copter drones, LED lighting, embedded energy monitoring and much more.

And wouldn’t you know it, but now Block 71 has an article about it in the Economist.  You can find it here.

Overall the article is a pretty good tale about how this single building became such a successful nucleation site for startups and it shows how when you create sufficiently distilled interactions things can transform pretty fast.

Write me with questions at flevinson@smallworldgroup.com

 

Posted in Essays, Investing, Singapore Incubator