Accelerators such as JFDI or HaxAsia in Singapore, SparkLabs in Korea and Movida in Japan have had much success in growing startups into fruits that are viable for harvest by early-stage investors. However, the selection pool for each accelerator is large, and not all startups are able to benefit from the intensive training. In fact, JFDI has an acceptance rate of less than 3.6 per cent, as reported by e27 in a previous article.
Now there is good news for pre-seed startups! Malaysia-based 1337 Ventures, the company behind 1337 Accelerator, has announced the launch of its Alpha Startups pre-accelerator programme together with MDeC.
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