JFDI.Asia Announces the 8 startups for its 2013 accelerator program; Two Indian Startups make it

JFDI.Asia is building an innovation academy that accelerates, finances and teaches innovation and entrepreneurship. JFDI.Asia’s accelerator ‘bootcamp’ program takes teams of entrepreneurs from idea to investment in 100 days. JFDI.Asia today unveiled eight digital start-ups for the next accelerator program that starts on 21 February at JFDI.Asia’s new facility at 71 Ayer Rajah Crescent, Singapore.

Here is the list of the startups:

1. AskAbt, from India, have a platform to manage real-time crowdsourced queries (C–C)
2. Collabspot, from France and Philippines, have a novel approach to Customer Relationship Management (B–B)
3. DayTripR, from Singapore and New Zealand, have an online data collection utility (B–B)
4. DocTree, from Singapore and India, have software for medical practice management (B–B–C)
5. Duable Chinese (讀able), from the USA, make Chinese language learning fun and effective (B–C)
6. Fashfix, from Singapore and Malaysia, helps fashionistas turn their wardrobes into blog shops (C–C)
7. My Fitness Wallet, from Singapore, are working on health and wellness (B–C)
8. Referoll, from Singapore and Vietnam, have a business that recruits participants for research studies (B–B–C)

Each team gets an initial amount of S$25,000. Based on last year’s results, JFDI.Asia claims that each startup also has a better-than-60% chance of receiving S$600,000 or more at the Demo Day which marks the program’s finish line, when the team gets six minutes on stage to impress an audience of active early-stage investors.

Hugh Mason, co-founder and CEO at JFDI.Asia said: “It is an incredibly exciting time to be doing this work. Around the world, accelerator programs like ours are evolving a consistent way to direct innovation, teach entrepreneurship and manage the risks involved. Early-stage business is becoming less of an art and more of a science.”

Website: JFDI.Asia