Pranav Kiran · · 1 min readGrab signs MoU with University of Indonesia for accelerator program
Ride-hailing giant Grab has signed an MoU with University of Indonesia to set up UI Works, an accelerator program for startups.
The company said its own accelerator, Grab Ventures Velocity, would help startups go commercial over a four-month period as part of the program.
Grab CEO Anthony Tan launches Grab Ventures at Innovfest Unbound 2018 in Singapore. / Photo credit: Grab
Grab said last year it would invest an additional US$250 million in Indonesia through Grab Ventures’ Velocity over a period of three years.
Editing by Dante Gagelonia
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