Singapore accelerator Iterative opens applications for summer 2021 cohort

Singapore-based startup accelerator Iterative has opened applications for its Summer 2021 cohort, which runs from July to September this year.

The deadline for applications is July 12, with invitations to successful teams sent out on a rolling basis. The accelerator will hold final interviews at the end of every month until the start of the cohort.

(From left) Iterative co-founders Hsu Han Ooi, Brian Ma, and Hsu Ken Ooi at an initial meeting / Photo credit: Iterative

For this batch, accepted startups will get US$150,000 in funding for a 10% stake. To widen their network, the founders of the startups can participate in various remote engagements with other business leaders, industry experts, and investors.

The accelerator will also introduce founders to peers, Iterative partners, and contacts who can help their startup.

See also: A new accelerator’s pro-founder solution to investor ‘bad behavior’

“About 12 weeks in, we organize an event called Demo Day where startups present to a carefully selected, invite-only audience,” said Iterative in its announcement. “Our last Demo Day was attended by over 200 investors.”

Modeled after the principles of California-based Y Combinator, Iterative helps startups through their initial phase by providing funding and networking while helping improve ideas. It has already accepted a total of 15 startups in two of its previous cohorts in late 2020 and early 2021.