The Singapore-based JFDI nurtured and graduated its first ever batch of incubated startups last May, and now it’s time for JFDI to pick out its next bunch of hopefuls.
In a new blog post today, JFDI points out that the eight selected startups have already won an immediate S$25,000 (US$20,000) investment to tide them over for 100 days and sleep-starved nights of programming, pivoting, and pot noodles. The grand prize comes at the next Demo Day where S$600,000 (US$485,000) in seed funding is up for grabs. As with any demo day, it’s also a chance to wow us bloggers and – more importantly – catch the eyes of investors.
Before seeing the list, JFDI notes that “10 percent of the entrepreneurs taking part are women, double the number from last year” – which is good news. Plus, 30 percent of those involved are Singaporeans, and the average team is made up of over three people to form a “holy trinity” of “a hacker, a hipster, and a hustler.” On this startup blog I guess I am, lamentably, the hipster [1].
Here are the chosen startup teams, including one familiar name to regular readers:
1. AskAbt
From India, this is a platform to manage real-time crowdsourced queries.
2. Collabspot
With team members from France and the Philippines, this startup aims to take a novel approach to customer relationship management (CRM).
3. DaytripR
Not yet online, this Singapore-meets-New Zealand team is an online data collection utility.
4. DocTree
DocTree is building software for medical practice management, and is made up of entrepreneurs from India and Singapore.
5. Duable Chinese
