Australia’s BlueChilli launches SG-based healthtech accelerator for SEA

BlueChilli CEO Sebastien Eckersley-Maslin

Australia-based venture builder BlueChilli has picked Singapore as the new headquarters for its healthtech accelerator for startups that address health challenges and opportunities in Southeast Asia.

BlueChilli announced that it has partnered with Enterprise Singapore, an economic agency under the Singapore Ministry of Trade and Industry, to launch BlueChilli HealthTech Accelerator.

It has also joined Enterprise Singapore’s Startup SG Accelerator initiative with its HealthTech Accelerator program, the first dedicated to healthtech startups in Singapore.

“The founders selected to build or advance their startup through the program will get access to tech development services at no additional cost, world-class startup training, seed funding and a global network of advisors and mentors,” BlueChilli said.

The establishment of a permanent headquarters in Singapore is part of the venture builder’s broader strategy to bolster investment in Asia’s potential, according to BlueChilli CEO Sebastien Eckersley-Maslin.

BlueChilli, headquartered in Australia, with regional operations in the US, Indonesia, and New Zealand, has already invested in eight healthtech companies, including hardware startups BindiMaps.com and Talkiplay.com, mammography AI diagnostics service Alixir.ai, telemedicine platform VetChat.com, and out-of-home patient care platform CTARS.com.

Established in 2011, it has launched 132 startups that have collectively raised over $170 million.

The new accelerator, according to BlueChilli, will be a key driver in advancing its work with regional talent in building globally-scalable startups that draw on insights and capabilities from Asia, in collaboration with private enterprises and ecosystem partners.

The healthtech sector in the Asia Pacific is now the second largest in the world in terms of capital raised, after the US. Last year, $6.3 billion was deployed into healthtech startups in the region, significantly higher than 2017 and double the capital in 2016, BlueChilli said.

“Partnerships with global intermediaries such as BlueChilli, who have the experience and expertise, can help healthcare startups in Singapore develop and commercialise products that meet the needs of users globally,” said Enterprise Singapore deputy CEO Ted Tan.

BlueChilli is Australia’s largest startup accelerator. It has seen four exits, one IPO, and its startups today have a total value of $800 million.

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.