Temasek's wholly-owned subsidiary SingEx and UK-based events group Unbound have embarked on a joint venture agreement to incorporate a new business entity called SingEx Unbound Innovations International Pte Ltd.
The joint venture - an investment by SingEx - will enable Unbound to double its existing operations and expand into new markets. This will increase its global event series, build new themes and festival concepts and scale its innovation advisory arm.
The new company will be led by CEO-designate, Daniel Seal, the current founder and CEO of Unbound Innovations Ltd.
"This is a huge endorsement for Unbound. Having the backing of Temasek and SingEx will allow us to significantly accelerate the growth of our platform. Since our launch in 2013, Unbound has rapidly developed into one of the world's most recognised platforms for connecting innovators and businesses. Digital transformation is currently at the forefront of corporate strategies as companies adapt their business models to stay relevant in the age of disruption," said Daniel Seal, Founder & CEO, Unbound Innovations Ltd.
"We are looking forward to joining forces with Unbound to harness the power of digital transformation and deliver engaging event platforms for businesses. By combining SingEx's expertise in events development and strength in networks with Unbound's event DNA on developing innovation platform, we will offer enterprises festival-like events where they will seek new and varied ideas and opportunities for their business growth," said Aloysius Arlando, chief executive officer, SingEx Holdings.
SingEx, a wholly-owned subsidiary of Singapore investment company, Temasek Holdings, is a leading events management company in Asia that organises and manages trade exhibitions and conferences, while Unbound is an award-winning events platform that connects corporates and governments with grassroots innovation and startups.