Tag: muruD

Accelerators in Singapore at a glance

Accelerators in Singapore at a glance

This article originally appeared on https://www.techinasia.com/talk/overwhelmed-growing-number-accelerators-singapore-heres-cheat-sheet/

The number of accelerators in Singapore is growing and will continue to grow as industries like Fintech and Cybersecurity heat up. Overwhelmed? Not sure which accelerator in Singapore is the most suitable to aid your startup’s journey?

Depending on your objective, here’s a cheat sheet to help you compare the big boys in this jungle:

1. If you like the newest kids on the block – Rockstart and Muru-D

Name of accelerator: Rockstart
Country of origin: The Netherlands
Duration of program: 150 days or roughly five months
Area(s) of focus:  Web and mobile, smart energy, and digital health
Investment/Equity stake: Information not available
X-Factor: The global outreach of the Program (program runs simultaneously in Amsterdam and Singapore), the fact that many of the alumni companies are funded by prominent VCs (Greylock Partner, Balderton Capital, Notion Capital, Shamrock Ventures etc) after the program and that Chi Tran, former CTO for OgilvyOne, heads the Rockstart Southeast Asia program.

Even though Rockstart just launched in Singapore in May 2015, it is no stranger to the startup scene. Dubbed as the largest accelerator in The Netherlands, Rockstart has selected 10 ‘Globally focused’ startups to take part in the first run of its accelerator program, which will last for 150 days. It’s interesting to note that while participants attend the program mainly in Singapore but they also get the opportunity to visit San Francisco (2 weeks) & New York (2 weeks) during the program. Successful companies include 3Dhubs, Wercker, Top-Docs.

Name of accelerator: Muru-D
Country of origin: Australia
Duration of program:  180 days or Six months
Area(s) of focus:  Web and mobile, smart energy, and digital health
Investment/Equity stake: US$30,300/ 6% equity
X-Factor: Muru-D is an accelerator backed by Australia’s largest telecommunications carrier, Telstra.

Muru-D recently graduated 9 startups in their first batch in Singapore in August 2015. In Australia, where the program originates, the nine startups from the first run attracted more than US$2.4 m in follow-on funding. Impressively, all of the startups have paying customers or paid trials at the end of the six-month program.

Participating startups receive US$30,300 in seed funding each, workspace in Muru-D’s Singapore premises, and access to mentors, coaches, and investors.

2.  The most all rounded accelerator 

Name of accelerator: Joyful Frog Digital Incubator (JFDI)
Country of origin: Singapore
Duration of program: 100 days or around three and a half months
Area(s) of focus:  Scalable, repeatable, profitable businesses based in Asia for Asia
Investment/Equity stake: S$50,000/ 8.888% equity
X-Factor: The frog mascot (just kidding…) JFDI.Asia’s co-founders Meng and Hugh Mason are both entrepreneurs who have immense experience and connections to help startups succeed.

Google search “accelerator Singapore” and one of first results you will see is JFDI. JDFI claims to be the first accelerator in Southeast Asia — since 2010 JFDI has accelerated 69 startups from around the world and turned a $1 m initial investment into a $60m+ portfolio. JFDI evolved from Techstars‘ model of startup acceleration, adapting it for Asia. Most would say that this is the most all-rounded accelerator in Singapore, as we have seen several noteworthy alumni companies across multiple industries and nationalities. Personally, I have met quite a few Koreans and Norwegians at some of its Demo days.

3. If your niche is in Mediatech…

Name of accelerator: SPH Plug and Play accelerator
Country of origin: Singapore
Duration of program: 70 days or two and a half months
Area(s) of focus:  advertising, e-commerce, marketplaces, mobile, news and content distribution to public relations
Investment/Equity stake: S$30,000/ 6% equity
X-Factor: The accelerator program is run by SPH, Singapore Press Holdings, one of the largest SGX-listed media companies in Singapore.

Eight Internet start-ups (click here for more information) were recently chosen from 280 applications from around the world in the inaugural intake of the accelerator program. The firms, which are in the fields of content and content curation, learning, employment, lifestyle and data analytics, come from Singapore, Malaysia and Hong Kong.

4. If your niche is in Fintech…

Name of accelerator: AspirAsia
Country of origin: Russia (Moscow)
Duration of program: 30-180 days or one to six months
Area(s) of focus:  Fintech
Investment/Equity stake: between US$50,000 and US$500,000/ 5 to 15% equity stake
X-Factor: The accelerator program is funded by its parent company, Life.SREDA, which has recently raised $100 m for its second fund.

The accelerator just launched in May 2015 and has since selected the first batch of 8 startups. Leading the program in Asia is Huawei’s senior executive, Victor Chow.

Name of accelerator: Startupbootcamp Fintech
Country of origin: London
Duration of program: 13-week or three months
Area(s) of focus:  Fintech
Investment/Equity stake: €15,000/ 8% equity
X-Factor: The high power mentors who personally mentor each team, with profiles ranging from MD of DBS to senior members from Intesa SanPaolo and PwC. They also have support from Infocomm Investments, Jungle Ventures, PixVine and Route66 Venture which provided funding and business mentoring.

Startupbootcamp FinTech takes startups through a 13-week, mentorship driven, program that connects them to banks, investors and subject experts. The most recent run has seen 11 graduates and the demo day was held at Flower Dome, Gardens by the Bay, supported by big guns like Monetary Authority of Singapore (MAS). Infocomm Development Authority (IDA) and DBS, one of the largest local banks.

5. If you are building a Social Enterprise

Name of accelerator: Unframed
Country of origin: Singapore
Duration of program: 180 days or five months
Area(s) of focus: Social impact
Investment/Equity stake: S$10,000/ up to 10% equity
X-Factor: Besides the cash, founder Larry Tchiou promises that each team will receive close mentoring from a team with “unique expertise, experience, and network at the crossroads of tech startups, social entrepreneurship, non-profit.”

Unframed, a social impact startup incubator, this afternoon launched a five-month program called Enabling Change. Each startup will receive S$10,000 (US$7,500) in seed funding and provides Unframed with a maximum of 10 percent for those at the concept stage – to be exercised within the first two years.

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