There’s good news for aspiring entrepreneurs in Southeast Asia, after Singapore-based accelerator program JFDI Asia announced that it will run three installments of its 100-day startup bootcamp this year.
That’s a first for the organization — which is a member of Techstar‘s Global Accelerator Network and arguably the premier accelerator in the region — and it means we could see as many as 45 startups pass through its doors this year. Most come from countries in Southeast Asia, but JFDI Asia does open its doors to startups located elsewhere.
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For those not aware of JFDI Asia’s program, it functions much like a traditional Western incubator: startups get 100 days of mentoring and coaching, receive S$25,000 (US$19,500) in funding, and pitch at a demo day that closes each ‘class’. The organization has an impressive record: it says more than 60 percent of its graduated startups move on to raise $500,000–$800,000 or more from angel and seed investors — that’s notable for Southeast Asia.