Telstra-backed startup accelerator, muru-D, has launched in Singapore, with a work space based in Amoy Street. It is among the latest batch of business accelerators choosing to establish itself in the city-state. From May 2015, it will begin accepting applications for 10 technology startups from across Southeast Asia, which will be recruited for the inaugural six-month accelerator program that begins August 2015.
Successful applicants to their programme will receive S$40,000 ($30,000) in seed capital, work space in muru-D Singapore’s central business district office and introductions to world-class mentors, coaches and investors. Annie Parker, co-founder of muru-D, explained that Singapore was the ideal location for its second startup accelerator, that follows the successful launch of its first accelerator in Sydney in October 2013. Its first nine Australia-based startups have already attracted more than S$3.15 million (AU$3 million) in follow-on funding.