Grab ties up with University of Indonesia to nurture ‘startup talent’

FILE PHOTO: A man walks past a Grab office in Singapore March 26, 2018. REUTERS/Edgar Su/File Photo

Ride-hailing giant Grab has partnered with University of Indonesia to seek and nurture ‘startup talent’, focusing on sectors such as technology and medical, besides social areas.

Through its accelerator programme Grab Ventures Velocity, the unicorn will become a strategic partner in the university’s academic community incubation ‘UI Works’, Grab said in a statement on Thursday.

The partnership will help mentor early-stage startups that are born out of UI Works’ accelerator programme.

Grab will participate in the first batch of ‘UI Works’, thereby helping the university with guest speakers and mentors, while also evaluating startups and selecting businesses which have the potential to qualify for Grab Ventures Velocity programme.

“We hope that this collaboration can continue to stimulate the spirit of innovation and entrepreneurship with UI’s academic community to create the best-in-class startup company that will take Indonesian economy to the next level,” University of Indonesia rector Muhammad Anis said in a statement.

“UI Works” has three distinct phases in its incubation programme. The first phase is categorised as ‘pre-accelerator’, wherein startups are welcome to join the selection process. The second one is called the ‘accelerator phase’, where selected startups will go through a four-month intensive programme to develop their businesses. Last but not least, there will be the ‘demo day’ when startups will get a chance to showcase their businesses to investors.

UI Works programme will be opened for registration in the middle of June this year.

Other than nurturing startups, Grab and UI have also collaborated wherein the former will provide internship to engineering students in Grab’s Singapore or Indonesia office under its ‘Engineering Talent Future Leader programme’. The registration process for this will begin on May 16.

Launched in July last year, Grab Ventures is the investment arm of Grab. The company set aside Rp 3 trillion ($250 million) to seek and nurture Indonesian startups for the next three years, which later will be incorporated into Grab’s business and platform.

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.