accelerator

The eight firms collectively raised US$19.1 million in the past year, with an average valuation of US$9.1 million.

While some Malaysian startups have made it big, the country should be producing more, given its abundance of accelerators, incubators, and the like.

Prior to this role, Frank Kang headed several firms such as Althea and LivingSocial Malaysia.

Y Combinator has a 4.5% unicorn creation rate for startups since 2010, higher than other accelerators.

It aims to support early-stage startups developing blockchain and crypto tech on the XRP Ledger.

Zeebox’s hub in Singapore aims to support Asian startups tackling issues in the supply chain, logistics, transport, and energy sectors.

The California-based accelerator has seen a dwindling number of startups from Southeast Asia and India in its recent cohorts.

The VC firm has supported 25 startups since its expansion to the archipelago last year.

Surge has mentored over 300 founders across its eight cohorts.

The November 2022 edition of Dcamp’s demo day event saw a non-Korean startup participate for the first time.