JFDI.Asia’s second accelerator programme this year kicks off with 10 teams
By Digital News Asia August 29, 2013
- Open competition attracted total of 321 teams
- All but four of the 30 founders are Singaporean
THE Joyful Frog Digital Incubator’s second 100-day startup accelerator programme this year kicks off today (Aug 29) with 10 teams selected from an open competition that had attracted 321 applications.
Its first programme in February ran eight teams through their paces. In exchange for a minority equity stake, every team joining will be offered a package including S$15,000 (US$11,700) net cash, mentoring valued at S$150,000 (US$117,000), technical and other vendor perks worth S$300,000 (US$234,000) and working space for the duration of the programme, the Joyful Frog Digital Incubator (JFDI.Asia) said in a statement.
“It’s very clear from the range of teams applying to us that high quality entrepreneurial teams from around the world are attracted to Singapore,” said JFDI.Asia cofounder and chief executive officer Hugh Mason (pic above).
“Each time we recruit, the maturity and quality of applicants we see goes up. This time, almost all the teams have a prototype already and one has over a million users,” he added.
When it comes to the 30 founders in the programme, a diverse range of nationalities are being represented: The United States and Vietnam (five founders each); France, Singapore and Taiwan (four each); India and Thailand (three each); followed by Canada and the Philippines (one each).
The selected teams are:
- enMarkit: Social commerce based payment and marketing products for B2C and C2C (business- and consumer-to-consumer) transactions on desktop and mobiles;
- Healint: Transforming behaviour analytics into meaningful health insights for patients and their families;
- Lifebox JSC: Says it has a user-friendly and efficient real-time field reporting system;
- MOLOME: A brand-linked user engagement tool based on photo sharing;
- Skimbl: A feedback system for multi-venue F&B (food and beverage) and hospitality businesses;
- Qwikwire: A payments service for the unbanked and underbanked, enabling e-commerce to expand into emerging markets;
- TapTalents: A tool which enables enterprises to develop data analytics-driven mobile business applications for field-based knowledge workers;
- Vault Dragon: Says it has affordable, secure and on-demand storage solutions with flexible terms, managed through a web and mobile application;
- Visual-Marks: A visual storytelling platform that it claims provides an immersive writing, styling and reading experience; and
- ZhenXin: Aiming to bridge the gap between pharmaceutical companies and patients in emerging markets.
Golden Gate Ventures, JFDI.Asia offer fast-track seed funding
More than 300 teams apply for JFDI.Asia’s accelerator programme
JFDI.Asia selects 8 teams for first accelerator program in 2013