7 Asian Accelerators Every Startup Should Know About

Every year experts of the World Economic Forum issue a rating of the world's leading startup ecosystems. An all-time leader of this "); background-size: 1px 1px; background-position: 0px calc(1em + 1px); font-family: medium-content-serif-font, Georgia, Cambria, "Times New Roman", Times, serif; font-size: 21px; letter-spacing: -0.084px; background-color: rgb(255, 255, 255);">rating Silicon Valley is normally followed by New York, London, Tel Aviv, Los Angeles, Shanghai and Berlin. The distribution of technological hubs around the planet can hardly be called equal. Still, even if your region cannot boost a variety of startup support programs, you can always look for them abroad. In addition to the traditional startup hubs' ranking this year WEF employees have published a list of fastest growing startup agglomerations. 7 positions out of 12 in this ranking were taken by Asian cities.
Quantometrica startup studio experts have made a list of most promising Asian accelerators, accepting applications from foreign startups:

Chinaccelerator – — one of the largest accelerators in Asia in terms of seed financing, with headquarters in Shanghai. Provides grants to IT startups from around the world. More than 80% of participants who completed a three-month acceleration program receive funding from investors after the demo day. Chinaccelerator's expert network includes over 300 business coaches and mentors.

ImpacTech — startup accelerator with presence in Singapore, Japan and Thailand. ImpacTech program is aimed at supporting socially significant entrepreneurial initiatives in such areas as education, assistance to people with disabilities, aging of population, ecology, waste management, inclusive education, etc. The accelerator provides an opportunity to hold pitch sessions for venture investors during demo days, and it also provides grants up to $ 30,000 to the most successful entrepreneurs.

Accelerasia — a business accelerator specializing in bringing foreign startups to Asian markets. It conducts road shows for startups in the region, and provides legal support for registration of a legal entity in Asia. Accelerasia's portfolio includes over 40 startups in advertising and marketing, IT and telecommunications fields.

Creww — Tokyo-based accelerator, aimed at developing Japanese startups and supporting foreign startups on entering the Japanese market. In addition to an extensive network of investors, Creww also provides startups with the opportunity to present projects to large corporations. According to official website, the company cooperates with more than 70% of corporate accelerators in Japan.

K-Startup — South Korean state-run startup support program, founded in 2016 by the National Agency for Promotion of Information Technologies and the Ministry of Small and Medium Enterprise Development. Startups from around the world can take part in the program. Up to 50 participants qualified for the finals then participate in a three-month acceleration program, where they receive financial support, visa and legal assistance, and get a chance to collaborate with major Korean companies such as Samsung Electronics, LG Electronics, POSCO, etc. Winners receive grants from $ 6,000 to $ 100,000.

Lime HK — acceleration program for early stage startups whose target market is Hong Kong and Japan. The amount of funding is up to $ 100,000 for early stage and $ 130,000 for startups at growth stage. The priority field is blockchain. Among official partners of the program are the Government of Hong Kong, the Japan Foreign Trade Organization JETRO, Jumpstart platform for entrepreneurs, WeWork coworking network, etc.

Krungsri RISE — first corporate accelerator in Thailand, created jointly by RISE technology conference and Krungsri Finnovate, a subsidiary of Bank of Ayudhya, the 5th largest bank in Thailand. Fintech startups at any stage are invited to participate in the program. Currently, Bank of Ayudhya is working with 35 startups that have successfully completed the acceleration program; its total investment in startups has already exceeded $ 30 mio.

Check out our blog on Medium: https://medium.com/@quantometrica/7-asian-accelerators-every-startup-should-know-about-26d4a0134b46
FRIDAY, SEPTEMBER 20