SEA Digest: EduSpaze unveils first cohort; NEXEA announces 2020 accelerator

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.

The programme is open to all Malaysia-based tech startups from the ideation stage to pre-series A.
Each startup will be funded with RM50,000 and up to RM1 million follow-up funding via angel investors (if eligible), as well as RM1.5 million of benefits for each selected startup. To date, NEXEA has invested in a total of 35 companies in the last five years.

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.