Singapore accelerator JFDI to quadruple investments in select ventures

JFDIs mascot/ Brand logo

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.

The shift seems to be in alignment with industry standards, as more accelerators establish themselves in the city-state. Telstra-backed Muru-D, one of the latest entrants, invests $40,000 and takes six per cent equity in the startup ventures.

Teams will also be offered a $908,000 package, most of which is in the form of technical resources and vendor perks, in addition to mentoring and the opportunity to conduct an investor presentation to early-stage investors, at the end of the programme. Mentorship will be received from both industry veterans and alumni of previous JFDI programmes.

At the same time. JFDI will also be exploring online options. JFDI co-founder and chairman Meng Wong explained: “Costs are much lower elsewhere in the region and the market for our startups is also often back home. So this time around we are experimenting with transformational technologies like Slack to virtualise our offering, giving teams the option to accelerate with us wherever they choose to be based, for part of the program.”

This could lead to JFDI migrating its programme to the cloud, based on the success of the experiment. Alternatively, JFDI may then consider a hybrid programme melding online and offline experiences, facilitating and accelerating the ventures of entrepreneurs while enabling them to remain grounded in their home markets.

Related Story: 

Accelerasia: Bridging the Europe-Asia divide

Telstra launches startup accelerator muru-D in Singapore; to recruit 10 startups from region

Hardware accelerator HIghway1 forms partnership with OMG for Singapore foray

ASX-listed technology accelerator Yonder and Beyond set to expand ops to Singapore

DBS launches fintech accelerator in a JV with NEST

VC Life.SREDA to launch fintech accelerator InspirAsi

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.