The first cohort of digital technology startups have graduated from the Startup Station Accelerator Program – a partnership between Facebook and the Infocomm Media Development Authority (IMDA) in Singapore to support data innovation in Asia.
The 10 startups marked their graduation with presentations at the inaugural Startup Station Singapore Demo Day, attended by more than 300 technology developers, venture capitalists and entrepreneurs from across Asia. Startups presented solutions for the healthcare, media, retail, hospitality and tourism sectors, including the application of new technologies including artificial intelligence (AI) as well as Facebook’s developer tools. The graduates included four aspiring Singapore companies.
Virginia Yang, Director, Developer Partnerships and Programs APAC, Facebook said, “We are proud to welcome our first cohort of startups and hear from them about their product and growth stories. We know it’s so important to support young businesses and the value of connecting them with specialists in product innovation, business growth and data protection to build a stronger and sustainable startup ecosystem with real impact.”
“The quality of startups demonstrated how the program has strengthened the participants’ knowledge and capabilities, to enable them to create even better products and services. This supports our mission to grow a trusted and innovation-driven data ecosystem for a Digital Economy. Our heartiest congratulations to the startups; we look forward to seeing their continued success,” Yeong Zee Kin, Assistant Chief Executive (Data Innovation and Protection) of IMDA.
Startups pitched to venture capital investors and potential partner corporations committed to supporting the startups with investment and partnership opportunities. The startups will now join Facebook’s startup alumni program that will continue to connect them to a global network of startups.
Startup Station Singapore is a partnership between Facebook and the IMDA. It is powered by Rainmaking and is Facebook’s second data innovation startup program globally (after France) and the first in Asia. Singapore was chosen as the location for Startup Station because of the ease of doing business, access to capital and partners and wholehearted commitment to technology and business innovation.
The 10 startups from the first cohort are:
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