We launched 5 pilot accelerators in 6 months: Caribbean, Latin America, Middle East, Africa and Asia. This is the summary report for the Asia Startup Ecosystem.
In an effort to increase exposure of Asian startups to global investors and resources, Asia Startup Ecosystem announced the launch of the first digital startup accelerator for the region. The accelerator program begins with a full startup development boot camp covering ideation, product development, marketing, customer acquisition, and funding. The boot camp is followed by workshop keynotes from Lean Launchpad, Forbes list entrepreneurs, and key investors. The program concludes with a demo day where the top ten companies pitch in front of judges from across the region for top prizes.“The future is digital, so startup ecosystems in emerging markets need to take advantage of that with programs like this one” says Christine Souffrant
“The future is digital, so startup ecosystems in emerging markets need to take advantage of that with programs like this one” says Christine Souffrant Ntim, “we launched digital accelerators for entrepreneurs of Asia and the diaspora to close the resource gap and diversify global startup success stories”.
The pilot accelerator program on January 23-24, 2017 accepted 100 startups.Here is a review of the program.
- Check out the 100+ companies selected for the 2017 Winter Batch.
- Check out the top 10 companies selected for 2017 Winter Demo Night.
- Check out the top 3 companies selected as winners of the 2017 Winter Accelerator.
- Apply to the Fall 2017 Digital Accelerator.
- Access the slides here.
- Join the global network here.
The Applicant Pool:
In seeing the great resources provided within the region, Asia Startup Ecosystem surveyed the applicant pool to determine the top needs and interests pertaining to startup development. As expected funding and customer acquisition was the most requested topic for mentorship. Since we customize programming based on applicant needs, we provided a multiplicity of speakers, content, and resources around those two topics.
Day 1 Review: Day one of the accelerator was 4+ hours of jam packed content.Christine Souffrant Ntim kicked it off with a 2-hour business boot camp covering all stages of startup development. Here is the agenda:
Date: January 23-24, 2017(Monday-Tuesday) 7pm-10pm India Time
Day1 January 23, 2017- Business Boot Camp
- 7pm-7:15 Orientation
7:15-7:30 How to Launch a Startup in 24 Hours
7:30-8:00 Ideation, MVP & Product Development
8:00-8:30 Customer Acquisition, Press & Marketing
8:30-9:00 Q/A w/ Guest Speakers
The intense nature of the business boot camp is to provide tactics, strategies and top learnings around building a company while leveraging free resources. From Y-Combinator’s free 10-week online program to raising millions with database searches to coding an MVP – the program covered many areas.
Day 2 Review: With a night of rest, the program continued with an intense 3-hour finale of keynotes, pitches, and reflections. We kicked off the program with a review of day one then continued with top keynote presentations. The agenda is below:
Day2 January 24, 2017- Pitch Demo Night
- 7pm-7:15 Review
7:15-7:30 Funding, Prizes & Grants
7:30-8:00 Keynote Talks (Pradeep, Romil Shah-Business Canvas Model)
8:00-8:45 Top 10 Pitch Demo Night
8:45-9:00 Q/A With the Judges
The keynote series was then followed up with a 1-hour pitch demo of the top 10 companies selected from the program. Each company had 1 minute to pitch their company with slide show presentations and receive q/a from our guest judges (representing Draper University, Seedstars World and Bold Emerge capital).
The inaugural program launched on January 23-24, 2017 with a 2-day startup development program, followed by a virtual demo day for 10 selected companies. Demo judges and speakers included angel investors, global accelerator leaders, and press. Current prizes include a SendGrid Package: $1,560 worth of credits with SendGrid ($129.95 / month for 12 months) and VIP tickets to Haiti Tech Summit- the largest conference in the Caribbean with 1000+ attendees and 100+ investors (valued at $995 each). The top 3 companies will be featured in press and media outlets and introduced to top investors in the region.
Now, for the final results! We are pleased to announce the top 3 winners for the 2017 Winter Asia Digital Startup Accelerator! Winners represented India in all 3 categories. However, we do want to point out some notable startup mentions: Myeo. (Myanmar), AzaadHealth (Pakistan), Docandme (South Korea). It was a tough competition but the top three winners are Jumper.ai with 42 points, CityBump with 29 points, and Panache with 26 points. Zicly won the popular vote.