13 teams for JFDI.Asia’s first accelerator programme for 2014
By Digital News Asia March 25, 2014
- Selected from 353 teams that applied online from all over the world
- Applications now open for next programme starting in late June
JOYFUL Frog Digital Incubator (JFDI.Asia Pte Ltd) confirmed that 13 new startup teams will be participating in its next 100-day accelerator programme this month, bringing its portfolio of startups to a total of 40 companies, with a further 25-40 expected to join later programmes this year.
Each of the 13 teams will receive a S$25,000 (US$19,650) cash investment plus a package of mentoring and support services worth S$150,000 (US$118,000), JFDI.Asia said in a statement.
All 13 have been incorporated in Singapore, although they come from countries as diverse as Korea and Lithuania.
They were selected from 353 teams that applied online from all over the world, predominantly on the basis of the team’s potential, track record and expertise in a business domain, JFDI.Asia added.
The programme, which will end in a demo day to active early-stage investors in early July, is developed and run as part of a strategic partnership between JFDI.Asia and Infocomm Investments Pte Ltd (IIPL), the investment arm of the Infocomm Development Authority of Singapore (IDA).
“It feels great to be working with such talented people,” said JFDI.Asia chairman Wong Meng Weng.
“We look for teams that have a mix of the right skills, attitude and knowledge of the domain in which they want to work because we know that the actual idea they are working on is very likely to ‘pivot’ over the next 100 days that we work together,” he added.
The teams are all incorporated in Singapore and at a variety of stages of development ranging from initial ‘customer discovery’ through to working services online with paying customers. Their working titles and current focus are as follows:
- Autocus (India) – connecting and automating applications and hardware to create rapid ‘mashups’
- Codetoki (Philippines) – an online gamified learning platform for IT/CS students
- Contentfactory (Singapore) – creating high quality, affordable marketing content for the Internet
- DocTree (India) – eBay for elective surgery in India
- Glints Intern (Singapore) – an internship portal for companies and interns to find each other
- Huddling Penguins (South Korea) – creating constructive alternatives to make world more fun to live
- Kallfly (Philippines) – telephony on the go
- Obilis (Thailand) – collecting, sharing and discovering products from anywhere
- StoryRoll (Lithuania) -- collaborative storytelling
- Stumply (Singapore) – matching people with the right flatmates and rooms quickly
- Vixhub (Singapore) – back-office solution for small businesses
- Wikasa (Indonesia) -- finding great study courses online
- XySec Labs (India) – automating mobile security
“It’s great to see the overwhelming response from startups from around the world, and we all feel the growing energy in the Singapore tech community,” said Steve Leonard, executive deputy chairman of IDA and chairman of IIPL.
Applications are now open for the next programme starting in late June, online at http://jfdi.asia/accelerator.
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