An accelerator programme with a focus on technology-based startups, muru-D, has 10 startups graduate from its third batch of the programme.
The Singapore-based programme looks at and works with startups throughout Asia and has programmes located in Sydney, Melbourne, Singapore, Brisbane, and Perth.
It’s been so exciting to see the growth of the 10 companies in this cohort,” Paul Meyers, Head of muru-D Singapore said, as reported by Deal Street Asia. “The founders put in many hours of hard work to refine and improve their business models – resulting in real commercial success. With the strong foundations built in the muru-D programme, I am eager to see their future progress and success.”
According to a statement by muru-D, startups in the most recent group come from places including Singapore, Malaysia, Vietnam, Pakistan, Bangladesh and Thailand. Some of the startups in the recent round include KNOW, Ohana, VokaBee and Jambro.
Artificial intelligence, virtual reality and digital solutions for business-based problems are among the fields represented by the 10 startups. As part of the six-month programme, selected startups receive mentoring, funding and networking opportunities among others.
The 10 startups combined have double the investment raised from the programme’s last round of companies, by bringing in $1.5 million. Muru-D, which started in 2015, is backed by Australian mobile and telecommunications company based in Melbourne.
The graduating startups have also accumulated a combined customer base of 100,000. As part of the programme, the 10 startups presented to a group of field experts and those looking to invest on a day called Demo Day.
(Picture courtesy: http://www.thetechrevolutionist.com/)
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