Founders Factory, Pico Group launch venture builder in Asia

Founders Factory, a London-based startup accelerator firm, has launched a venture-building initiative in Asia in partnership with Pico Group, a Hong Kong-based brand activation company.

Photo credit: Founders Factory

The collaboration will build a new venture studio and establish an accelerator program for startups in areas like Web3, marketing technology, and event activation over the next three years.

The startup accelerator will focus on pre-seed and seed-stage startups, while the venture studio will design and launch new tech startups, Founders Factory said.

This also marks the UK firm’s first expansion into Asia. The company said it had created over 80 startups and invested in 220 startups via its accelerator in Europe, North America, and Africa.

See also: Philippines’ AC Ventures, 917Ventures partner to develop startup ecosystem