Accelerating Asia launches accelerator programme

Eligible startups will receive up to $200,000 investment via SAFE notes.

Accelerating Asia is launching an accelerator programme where startups may receive up to $225,000 in programme perks, according to an announcement.

Eligible startups will receive up to $200,000 investment via SAFE notes, with 7%-10% of equity and $25,000 for support and access to the flagship accelerator.

The investment size is said to put Accelerating Asia ahead of the curve from most early-stage startup accelerators in the region who invest $100,000 or less in their startups in exchange for equity.

The firm runs a 100-day accelerator programme with an entrepreneur-in-residence sessions, masterclasses, and exclusive access to Accelerating Asia’s mentor and investor networks.

Accelerating Asia has backed 39 founders from 19 startups in nine countries with 40% female-led or co-founded ventures and $5m invested since 2018. Eight startups from cohort 2 raised outside capital with iFarmer, Numu, IZY.ai and Priyoshop raising rounds during the 100-day programme.

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