{"id":1335,"date":"2021-06-22T00:00:00","date_gmt":"2021-06-22T00:00:00","guid":{"rendered":"https:\/\/markupbackup.wordpress.com\/2021\/07\/21\/durians-daily-278-arcstone-launches-us13-4m\/"},"modified":"2021-08-02T07:37:25","modified_gmt":"2021-08-02T07:37:25","slug":"durians-daily-278-arcstone-launches-us13-4m","status":"publish","type":"post","link":"https:\/\/dailymarkup.com\/?p=1335","title":{"rendered":"Daily Markup #278: Arcstone launches ~US$13.4M joint lab to boost digital manufacturing; Jala Tech only SEA startup selected for Unreasonable Impact Asia Pacific 2021; Bukalapak enables donations of rice to over 20,000 people and more"},"content":{"rendered":"<figure class=\"wp-caption\"><img decoding=\"async\" data-width=\"1101\" data-height=\"746\" src=\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2021\/07\/img_60f7db297390e.png\"><figcaption class=\"wp-caption-text\">Credit: Frontier Enterprise<\/figcaption><\/figure>\n<p><strong>Better together<\/strong><\/p>\n<ul>\n<li>500-backed digital manufacturing startup <a href=\"https:\/\/www.arcstone.co\/\" target=\"_blank\" rel=\"noopener\">Arcstone<\/a> has partnered with the Agency for Science, Technology and Research (A*Star) to <a href=\"https:\/\/www.straitstimes.com\/singapore\/environment\/new-18m-lab-set-up-to-spur-digital-manufacturing\" target=\"_blank\" rel=\"noopener\">open a joint laboratory<\/a>.<\/li>\n<li>A total of ~US$13.4 million will be invested over the next three years into the lab. The facility aims to develop smart manufacturing solutions that will pave the way for higher-quality, more user-friendly goods that get to consumers more quickly.<\/li>\n<li>The two companies will also look into ways of making the environmental footprint of a product more transparent. CEO Willson Deng said that providing customers with data will allow consumers to make a more informed choice amid the growing global sustainability movement.<\/li>\n<li>The collaboration is expected to <a href=\"https:\/\/www.businesstimes.com.sg\/sme\/astar-arcstone-launch-joint-lab-for-smart-manufacturing-solutions\" target=\"_blank\" rel=\"noopener\">halve the time needed for research and development<\/a> and create about 30 engineering jobs over the next three years.<\/li>\n<li>Read the full article on The New Straits Times <a href=\"https:\/\/www.straitstimes.com\/singapore\/environment\/new-18m-lab-set-up-to-spur-digital-manufacturing\" target=\"_blank\" rel=\"noopener\">here<\/a>.<\/li>\n<\/ul>\n<figure class=\"wp-caption\"><img decoding=\"async\" data-width=\"1600\" data-height=\"800\" src=\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2021\/07\/img_60f7db2a8b7c7.jpg\"><figcaption class=\"wp-caption-text\">Credit: Intrafish<\/figcaption><\/figure>\n<p><strong>Making a splash<\/strong><\/p>\n<ul>\n<li>500-backed aquatech startup, <a href=\"https:\/\/jala.tech\/\" target=\"_blank\" rel=\"noopener\">Jala Tech<\/a>, is the <a href=\"https:\/\/e27.co\/indonesias-jala-tech-gets-selected-for-unreasonables-impact-asia-pacific-programme-20210618\/?utm_content=buffer61e67&amp;utm_medium=social&amp;utm_source=linkedin.com&amp;utm_campaign=buffer\" target=\"_blank\" rel=\"noopener\">only Southeast Asian startup<\/a> to have been selected for the <a href=\"https:\/\/unreasonablegroup.com\/initiatives\/unreasonable-impact\/asia\/\" target=\"_blank\" rel=\"noopener\">2021 Unreasonable Impact Asia Pacific program<\/a>.<\/li>\n<li>The program aims to scale high-growth ventures that address global challenges. Each venture was selected based on its potential to address key social and environmental issues.<\/li>\n<li>The program helps startups by connecting entrepreneurs to its international network of experienced specialists and mentors.<\/li>\n<li>Jala Tech was founded to help farmers make data-driven decisions with a system that provides water quality monitoring, planning, and reporting tools.<\/li>\n<li>While the startup\u2019s core market is currently shrimp farmers, their device is applicable for all types of water monitoring systems and treatment plants, including smart city water management.<\/li>\n<li>Read the full article on e27 <a href=\"https:\/\/e27.co\/indonesias-jala-tech-gets-selected-for-unreasonables-impact-asia-pacific-programme-20210618\/?utm_content=buffer61e67&amp;utm_medium=social&amp;utm_source=linkedin.com&amp;utm_campaign=buffer\" target=\"_blank\" rel=\"noopener\">here<\/a>.<\/li>\n<\/ul>\n<figure class=\"wp-caption\"><img decoding=\"async\" data-width=\"900\" data-height=\"573\" src=\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2021\/07\/img_60f7db2b06717.jpg\"><figcaption class=\"wp-caption-text\">Credit: Iconomics<\/figcaption><\/figure>\n<p><strong>Good deeds<\/strong><\/p>\n<ul>\n<li>500-backed e-commerce startup <a href=\"https:\/\/www.bukalapak.com\/\" target=\"_blank\" rel=\"noopener\">Bukalapak<\/a> released an <a href=\"https:\/\/www.linkedin.com\/posts\/pt-bukalapak-com_ramadan-impact-report-bukalapak-2021-activity-6806467874459410432-qHx2\/\" target=\"_blank\" rel=\"noopener\">impact report<\/a> for Baik Bareng Bukalapak, a series of programs that were run during Ramadan.<\/li>\n<li>The aim of the initiatives were to facilitate good deeds safely with the help of technology, in the midst of a pandemic.<\/li>\n<li>The impact achieved includes:<\/li>\n<\/ul>\n<ol>\n<li>Donations channeled to eight institutions<\/li>\n<li>Rice provided for 23,704 people<\/li>\n<li>1,500 free meals served across 9 mosques<\/li>\n<li>The launch of an app to enable people to make donations to mosques digitally<\/li>\n<\/ol>\n<ul>\n<li>Read the full report on Bukalapak <a href=\"https:\/\/www.linkedin.com\/posts\/pt-bukalapak-com_ramadan-impact-report-bukalapak-2021-activity-6806467874459410432-qHx2\/\" target=\"_blank\" rel=\"noopener\">here<\/a>.<\/li>\n<\/ul>\n<hr>\n<p><strong>Missed out the last Daily Markup? Go <\/strong><a href=\"https:\/\/dailymarkup.com\/\" target=\"_blank\" rel=\"noopener\"><strong>here<\/strong><\/a><strong> to check it out.<\/strong><\/p>\n<p><strong>You can also find us on <\/strong><a href=\"https:\/\/www.linkedin.com\/company\/500-durians\/\" target=\"_blank\" rel=\"noopener\"><strong>LinkedIn<\/strong><\/a><strong>, <\/strong><a href=\"https:\/\/www.facebook.com\/500durians\/\" target=\"_blank\" rel=\"noopener\"><strong>Facebook<\/strong><\/a><strong>, <\/strong><a href=\"https:\/\/twitter.com\/500Startups_SEA\" target=\"_blank\" rel=\"noopener\"><strong>Twitter<\/strong><\/a><strong>, and <\/strong><a href=\"https:\/\/www.instagram.com\/500durians\/?hl=en\" target=\"_blank\" rel=\"noopener\"><strong>Instagram<\/strong><\/a><strong>.<\/strong><\/p>\n<figure><img decoding=\"async\" data-width=\"400\" data-height=\"400\" src=\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2021\/07\/img_60f7db2b5ea36.jpg\"><\/figure>\n<p>500 Startups is a venture capital firm on a mission to discover and back the world\u2019s most talented entrepreneurs, help them create successful companies at scale, and build thriving global ecosystems. In Southeast Asia, 500 Startups invests through the pioneering 500 Southeast Asia family of funds. The 500 Southeast Asia funds have backed over 240 companies across multiple sectors from internet to consumer to deep technology. It continues to connect founders with capital, expertise and powerful regional and global networks to help them succeed.<\/p>\n<p><em>This post is intended solely for general informational or educational purposes only. 500 Startups Management Company, L.L.C. and its affiliates (collectively \u201c500 Startups\u201d) makes no representation as to the accuracy or information in this post and while reasonable steps have been taken to ensure that the information herein is accurate and up-to-date, no liability can be accepted for any error or omissions. All third party links in this post have not been independently verified by 500 Startups and the inclusion of such links should not be interpreted as an endorsement or confirmation of the content within. Information about portfolio companies\u2019 markets, competitors, performance, and fundraising has been provided by those companies\u2019 founders and has not been independently verified. Under no circumstances should any content in this post be construed as investment, legal, tax or accounting advice by 500 Startups, or an offer to provide any investment advisory service with regard to securities by 500 Startups. No content or information in this post should be construed as an offer to sell or solicitation of interest to purchase any securities advised by 500 Startups. Prospective investors considering an investment into any 500 Startups fund should not consider or construe this content as fund marketing material. The views expressed herein are as at the date of this post and are subject to change without notice. One or more 500 Startups fund may have a financial interest in one or more of the companies discussed.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Credit: Frontier Enterprise Better together 500-backed digital manufacturing startup Arcstone has partnered with the Agency for Science, Technology and Research (A*Star) to open a joint laboratory. A total of ~US$13.4 million will be invested over the next three years into the lab. The facility aims to develop smart manufacturing solutions that will pave the way [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":1987,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","footnotes":""},"categories":[322],"tags":[379,423,370],"class_list":["post-1335","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily","tag-arcstone","tag-bukalapak-d2","tag-jala"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Daily Markup #278: Arcstone launches ~US$13.4M joint lab to boost digital manufacturing; Jala Tech only SEA startup selected for Unreasonable Impact Asia Pacific 2021; Bukalapak enables donations of rice to over 20,000 people and more - Markup<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/dailymarkup.com\/?p=1335\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Daily Markup #278: Arcstone launches ~US$13.4M joint lab to boost digital manufacturing; Jala Tech only SEA startup selected for Unreasonable Impact Asia Pacific 2021; Bukalapak enables donations of rice to over 20,000 people and more - Markup\" \/>\n<meta property=\"og:description\" content=\"Credit: Frontier Enterprise Better together 500-backed digital manufacturing startup Arcstone has partnered with the Agency for Science, Technology and Research (A*Star) to open a joint laboratory. A total of ~US$13.4 million will be invested over the next three years into the lab. 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