State of SE Asia Startup Accelerators

State of SE Asia Startup Accelerators

25 March, 2021

This report is an analysis of the state of startup accelerators in Southeast Asia, as they wade through the unprecedented challenges posed by COVID-19.

It looks deeply at the unique challenges facing, and opportunities awaiting, accelerators in each of Southeast Asia’s six largest markets. New business models are being offered, blurring the lines between accelerators and incubators, early-stage VCs, corporate innovation consultants, or event organisers.

As more major VC players are likely to join the acceleration game, there is a far bigger incentive for smaller VCs to become venture builders and create startups from the ground up. This also means that competition between accelerators is going to become fiercer.

Highlights of this report include:

  • The top sectors that acceleration programmes are currently targeting.
  • The impact of COVID-19 on accelerator programmes.
  • The state of startup accelerators, including new programmes, in six Southeast Asian nations — Singapore, Indonesia, Malaysia, Vietnam, the Philippines, and Thailand.
  • Interviews with chiefs of some of the biggest accelerators in Southeast Asia.

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