Singapore-based startup accelerator Joyful Frog Digital Incubator (JFDI) is planning to quadruple its investment in selected startups for its latest cohort. Each team will get an initial $37,000, while selected ventures will be granted an additional $53,000.
JFDI will secure a fixed stake of 8.88 per cent equity, in each venture. This is a shift from its past investment pattern, which saw it invest $18,000 in ventures from past cohorts, with equity ranging from five to 21 per cent.
