Singapore-based incubator Joyful Frog Digital Incubator (JFDI) announced today that it plans to operate three runs of its successful accelerator program back to back through 2014. Commencing on March 20, June 26 and October 2, each batch will include 10-15 startup businesses.
In exchange for an equity stake, every team accepted into the program will be offered a package, including S$25,000 (USD 19,500) net cash, mentoring valued at S$150,000 (USD 117,000), technical and other vendor perks worth S$300,000 (USD 234,000). They will also get working space at JFDI’s campus and the opportunity to pitch to over 100 active early-stage investors at a demo day.
Historically, following demo day more than 60% of JFDI’s alumni startups have received seed stage funding offers averaging S$600,000 (USD468,000) per team. JFDI actively supports teams to close funding and beyond.
Ray Wu, Accelerator Manager, said, “Through 2012 and 2013, the first three runs of the JFDI program taught us a lot. We have graduated 27 teams and that’s left us feeling very confident about the process we have developed to help them secure market traction and close seed funding.”
Early-stage digital startup businesses from anywhere in the world can apply here.