Back to all events

Decoding the Value of Startups: Exploring the Role of Revenue, Impact, and IP


Mar 22 2023, Wednesday05:00 PM - 07:00 PM (GMT+08:00)-Kuala Lumpur, Singapore


, Singapore



Startups are vital for innovation and economic growth, but what makes them valuable?In 2020, startups in the United States with revenue of over $10 million had an average valuation of $378 million. On the other hand, those with revenue below $1 million had an average valuation of $4.2 million. This highlights the importance of revenue in determining the value of a startup.This event will explor...

Startups are vital for innovation and economic growth, but what makes them valuable?
In 2020, startups in the United States with revenue of over $10 million had an average valuation of $378 million. On the other hand, those with revenue below $1 million had an average valuation of $4.2 million. This highlights the importance of revenue in determining the value of a startup.
This event will explore the role of revenue, impact, and intellectual property (IP) in determining the worth of startups. According to statistical analysis, these three factors are key drivers of startup valuation, and understanding their interplay can help entrepreneurs and investors build successful businesses.
The event will also feature experts in the startup ecosystem, including seasoned investors, government agencies, and corporates. They will share their perspectives on how revenue, impact, and IP contribute to startup valuation and offer insights and strategies for maximizing each factor. The event will also allow attendees to engage in a lively discussion with panellists and other professionals.
Whether you are an entrepreneur looking to build a successful startup, an investor seeking to maximize your returns, or simply curious about startup valuation, this event is for you. Don't miss this opportunity to gain valuable insights and connect with like-minded professionals. Register now to secure your spot!

Date: 22 Mar, 2023
Time: 5 pm - 7 pm 

Jari Vaario, Head of Asia Patent Transactions & External Alliances

Jari Vaario, Head of Asia Patent Transactions & External Alliances of Nokia, is today responsible for patent transactions and related technology cooperation in Asia. Earlier, he was heading licensing and government affairs in Asia, and globally, Nokia’s IP matters at standardization organizations.
He worked in China from 2001 to 2005, responsible for R&D, technology, standardization, and intellectual property rights as CTO of Nokia China. Before China, he established the Nokia Research Center in Tokyo and CTO of the Nokia Venture Organization activity.
He received his Master of Science degree from the Helsinki University of Technology in 1985 and PhD from the University of Tokyo in 1994.  Before joining Nokia Japan in May 1998, he spent several years in academia as a full professor at a national university in Japan.

Jason Loh, Founder, Piece Future 

Jason is an intellectual property expert who specializes in developing brand and growth strategies for companies. He is the Director of the International IP Commercialisation Council Singapore, Executive Adviser for Asia to the United Kingdom’s Institute of Innovation Knowledge Exchange, Managing Partner of i2P Ventures and True Vine Capital Partners Pte Ltd. Previously, he was the Head of Panasonic’s IP group for 16 years and then founded Piece Future, an Asian IP investment bank. Piece Future provides IP-driven business solutions to multinationals and start-ups and has invested in over 60 start-ups under the world's first IP start-up incubator program, IPHatch®. Jason has also created a unique patent valuation system, Valuation360, which evaluates market, technology, and legal potentials.


Fu Zhikang, Deputy Director, Senior IP Strategist, IPOS International 


Zhikang leads the team of IP Strategists in IPOS International and has over a decade of experience in the innovation and intellectual property ecosystem. He has advised businesses and public agencies across diverse industries, such as biomedical, advanced manufacturing and green technologies at various stages of innovation, on holistic IP management for optimal commercialisation outcomes.

Before joining IPOS International, Zhikang managed two national-level funding schemes at the National Research Foundation to boost Singapore’s innovation ecosystem through impactful research translation and enterprise capability building. At IPOS, Zhikang was central in developing patent services for ASEAN, including the first regional patent work-sharing programme and the first initiative to re-register foreign patents in Cambodia. 

Zhikang is a Registered Management Consultant (RMC). He holds a Master of IP and Innovation Management from the Singapore University of Social Sciences and a Bachelor of Engineering in Bioengineering from Nanyang Technological University. Zhikang is recognised as one of the world's leading IP Strategists by IAM Strategy 300.


Denise Kwok, Senior Manager, Innovation Advisory, IPI 


Denise Kwok is a passionate business strategist and change-maker with more than 20 years of cutting-edge innovation technology, digital marketing and market research experience in China and the Asia-Pacific region. She looks forward to engaging the business community and supporting Singapore enterprises in their innovation journey with IPI.

She believes in leadership through empathy and innovation excellence, encouraging and inspiring teams to explore groundbreaking solutions as an avenue of progress.  With that, Denise has advocated creating disruptions in businesses through venture incubation programs in multiple sectors, including FMCG, Finance Planning & Management Services, Automobiles & Transportation, and Distributed Energy & Storage Platforms in China, Taiwan, South Korea, Singapore and Australia.

Denise was previously a Co-Founder and Business Partner for one of Singapore's artisanal ice cream chains and went on to head a digital agency in Malaysia in 2010, capturing the early markets of digital advertising in the online marketplace.  She then relocated to China for five years before returning to Singapore in 2020.

Denise holds a Postgraduate Diploma (Distinction) in Innovation and Design Thinking from the Emeritus Institute of Management and a B.A. in Mass Communications from the University of Southern Queensland, Australia. She holds a Disruptive Strategy certification from the Harvard Business School and has also completed the Harvard Law School’s Program in Negotiation.

Elyas Ashraff, VP of Investment at Elev8.VC

Elyas is VP of Investment at Elev8.vc, a Deep Tech Venture Capital Fund based in Singapore, before joining Elev8.VC, Elyas, bootstrapped and grew a health and wellness start-up that created bespoke amenities for renowned hotel brands (e.g. Hyatt, HPL Hotels & Resorts). Elyas was previously a Senior Officer at A*STAR, where he worked on public sector funding, partnerships, and commercialisation for medical technology R&D.