Singapore startup accelerator JFDI.Asia has announced the next crop of startups that will undergo its three-month bootcamp, which will start this Thursday. The teams were selected out of a field of 321 applicants.
Each team will receive SGD 15k (USD 11.7k) in cash, mentorship valued at SGD 150k (USD 117k), technical and other vendor perks worth SGD 300k (USD 234k), and working space for the duration of the program. Terms can be read here.
This is the third batch of startups that JFDI will be hosting, and the second one this year. The quality and maturity of applicants have gone up with each round, says Hugh Mason, co-founder and CEO of JFDI.Asia. The teams hail from various countries across Asia, as well as US, Canada, and France.
JFDI’s cash investment per startup this time is less than USD 20k offered to teams in the second group. Hugh explained to e27 that the SGD 20k was an increment from the original SGD 15k given to startups in the first batch, due to feedback that the original amount was too little.
“In practice, the 2013A teams didn’t seem to be deploying the additional SGD 10k, so we decided to fund more startups with the capital we have rather than giving them cash they don’t use.”
More than 60 percent of JFDI’s first batch succeeded in raising money, with an average SGD 650k (USD 507k) per team. For the second batch, while Hugh is unable to disclose specifics, he says that over half of the teams have received investments during or after the bootcamp, with more offers to be expected.
Here are the teams in the 2013B batch:
MOLOME: A brand-linked user engagement tool based on photo sharing. The consumer app is sort of a cuter version of Instagram, and currently has about one million users. Available on iOS, Android, and Blackberry. Most of its users come from the latter two platforms.
Healint: It aim to transform behavior analytics into meaningful health insights for patients and their families to empower proactive action. It is working on a stroke alert system for smartphones:
Skimbl: A feedback system for multi-venue F&B and Hospitality businesses.
Qwikwire: A payments service for the unbanked and underbanked, enabling e-commerce to expand into emerging markets.
Vault Dragon: Dropbox for physical stuff. Affordable, secure and on-demand storage solutions with flexible terms, managed through a web and mobile application.
ZhenXin: Bridging the gap between pharmaceutical companies and patients in emerging markets.
TapTalents: Tool enabling enterprises to develop data analytics-driven mobile business applications for field-based knowledge workers.
Visual-Marks: A visual storytelling platform that provides an immersive writing, styling and reading experience.