In brief: New ‘independent’ player Asia Accelerator opens to startups in Singapore

It’s go time for The Asia Accelerator. We’ve been working hard to get things up and running and are excited to announce that on January 15, we’ll be launching our call for applications for our first cohort.

As the only independent traditional startup accelerator program in Singapore, we focus on our startups first which means our interests are aligned from day one. Our startups receive competitive funding at founder-friendly terms, as well as access to best-in-class mentors, investors, customers, and our network or partners.

Source: Accelerating Asia

Applications for the program’s first cohort open today and close on February 15 (apply here). Participating startups will receive S$100,000 (US$73,900) in upfront funding, office space in downtown Singapore, and credits with providers such as Amazon Web Services, Hubspot, and Stripe. They’ll also get a trip to Silicon Valley and access to the Asia Accelerator’s network of investors and mentors.

The accelerator is also kicking off a roadshow and will visit Bangkok, Dhaka, Ho Chi Minh City, Jakarta, Kuala Lumpur, and Manila over the next few weeks to recruit startups for its program.

The Asia Accelerator is part of Accelerating Asia, which was founded last year by Craig Dixon and Amra Naidoo. They previously worked together in the Singapore office of Muru-D, an accelerator backed by Australian telco Telstra. Muru-D pulled out of the Lion City last June.

Currency converted from Singapore dollars. Rate: US$1 = S$1.35