Singapore’s first educational technology accelerator, EduSpaze, has selected nine early-stage startups for its first cohort while Malaysia-based startup investment firm NEXEA Angels Sdn Bhd is back with its Multi-Corporate Accelerator 2020-a startup programme.
Edtech accelerator EduSpaze taps nine startups for first cohort
Singapore’s first educational technology accelerator, EduSpaze, has revealed the nine early-stage startups that will receive up to S$500,000 each in funding as part of its first cohort.
EduSpaze is managed by seed capital firm and incubator Spaze Ventures and also receives support from Singapore government entity Enterprise Singapore, the statement said.
The nine startups, chosen from 200 applicants in 25 countries, are in the pre-K, K-12, higher education and corporate learning categories, the statement said. It added the startups, which are based in Singapore, Malaysia and Australia, will participate in a 100-day accelerator programme, with a demo-day set for May.
EduSpaze said its programme would focus on ensuring edtech products meet the pedagogical needs of educators, trainers and students. It is partnering with Education Alliance Finland (EAF), a specialist in educational quality verification, to evaluate the startups’ offerings.
Yumcha Studios, a content and edtech company creating comic books to support language learning for children, is among the startups selected for the accelerator.
Other startups in the first cohort include Australia-based K12-focused Makers Empire, which aims to use 3D design and 3D printing technology to teach STEM, design thinking and project-based skills.
In addition, the cohort includes Vere360, which focuses on K12 and corporate learning by using virtual reality content to improve social issues and vocational education in Southeast Asia.
NEXEA opens Multi-Corporate Accelerator 2020
Malaysia-based startup investment firm NEXEA Angels Sdn Bhd (NEXEA) is back with its Multi-Corporate Accelerator 2020, a startup programme that aims to bring together local technology startups and corporations for exploring potential partnerships.
The fifth programme is held in partnership with several organisations such as UEM Sunrise Berhad (property developer in Malaysia), Spritzer (the largest bottled water producer in Malaysia), Delloyd Group (Automotive, Plantation, Vehicle Distribution), Shopper360 (the region’s shopper markering expert) and Allianz General Insurance Company (Malaysia) Berhad (one of the leading general insurers in Malaysia and a subsidiary of Allianz Malaysia Berhad).
Startups will get an opportunity to explore pilot projects with these organisations, validate business with feedback from them, explore real-world product testing and build up traction by having these organisations as potential customers.