Singapore and Hyderabad-based investment and scaling platform for early-stage startups, Anthill Ventures, has shortlisted startups for its Asian market access programme A-Scale.
The selected cohort comprises of startups from Singapore, India, Israel, and the US, which are working across fields such as health tech, media tech and urban tech. The investment company had also announced its partnership with Andhra Pradesh (AP) Government for this programme.
The six month long market access programme, supported by Enterprise Singapore, a government agency, is aimed at speed-scaling 18 startups every year by providing them with targeted mentorship on business model refinement and go-to-market strategies.
Through this programme, startups will gain access to over 100 global subject matter experts, over 50 corporate partners and an opportunity to implement their smart products and solutions in the public sector via government organisations.
Apart from this, A-Scale will help the selected startups to raise funding of up to $1Mn and an additional syndicated $20 Mn smart capital via Anthill’s coinvestors network.
“Anthill Ventures expands its footprint from India, US, Israel to Singapore region with the launch of a world-class market access programme, A-Scale early this year. We have selected startups across India, Singapore, Israel, and the US with some path breaking and trend-setting solutions for health tech, urban tech and media tech space ultimately converging to shape future lifestyles,” said Prasad Vanga, founder and CEO, Anthill Ventures.
The startups have been selected from over 300 applications after evaluating them based on the quality of technology solutions, growth potential, product readiness and scalable business model. The selected startups are focused on building new technologies- based solutions across healthcare, smart cities, media tech, among others.