ChemT Biotechnology, a biotech startup from Singapore, and Zhejiang Polar Code Technology, an energy tech startup from China were declared Grand Final winners of the 12th Lee Kuan Yew Global Business Plan Competition (LKYGBPC) yesterday (2 Oct). Organised by the Singapore Management University Institute of Innovation and Entrepreneurship (SMU IIE) from 29 September to 02 October 2025, LKYGBPC is one of Asia's largest university-led deep-tech startup competitions, with this edition setting new records for global participation.

According to recent rankings released by HubSpot, Singapore has overtaken San Francisco as the city with the highest concentration of fast-growing startups worldwide. It is hence no surprise that Singapore is considered the venture capital (VC) capital of Southeast Asia, with nearly 80% of all new VC funding raised in Southeast Asia secured by Singapore-based companies in 2023.  

ChemT Biotechnology, a biotech startup from Singapore, and Zhejiang Polar Code Technology, an energy tech startup from China were declared Grand Final winners of the 12th Lee Kuan Yew Global Business Plan Competition (LKYGBPC) yesterday (2 Oct). Organised by the Singapore Management University Institute of Innovation and Entrepreneurship (SMU IIE) from 29 September to 02 October 2025, LKYGBPC is one of Asia’s largest university-led deep-tech startup competitions, with this edition setting new records for global participation.

Singapore Management University (SMU) has launched the Urban SustaInnovator (USI), a new accelerator for urban solutions and sustainability startups, during the 12th Lee Kuan Yew Global Business Plan Competition in Singapore.