[Bangkok, May 1, 2020] RISE, regional corporate innovation powerhouse, is now accepting applications for its Global Accelerator Program where corporates' pain points meet the cure from world-class startups.
“We have redesigned the whole experience this year in response to the pandemic with a bold ambition to be No.1 Accelerator program in Southeast Asia with 3 new elements. First is New Industries which we started 4 years ago from building Fintech and AI startups and now adding Foodtech, Agritech, and Biotech/Healthtech into the program. We believe we can leverage expertise from startups around the world and crack the solutions to help increase revenue and reducing cost of operation as well as help launch new products or services for our corporate partners by fostering the partnership, commercial agreement, or investment with the world-class startups in our program. Second is the New Program in which, despite a very unique time with COVID-19, we launch our “hybrid” program for the first time. Activities will be held in both online and offline channels including virtual roadshows in 20 countries across Asia and face-to-face meetups between startups, corporates, and investors throughout the course of the program.
Lastly, we have New Countries. We are proud to say that RISE’s accelerator program is the only program in the region and in the world sponsored by government agencies that responsible for innovation from 3 countries including Digital Economy Promotion Agency (depa) from Thailand, Enterprise Singapore (ESG), and Malaysia Digital Economy Corporation (MDEC). Participating startups will be eligible for the benefits from RISE’s partnership with government agencies to expand their business across the region. Furthermore, interested corporates can also reach out to us to join our program as a corporate partner to provide specific problem statements they want startups to solve ” said Dr. Kid Parchariyanon, CEO and Co-founder of RISE.
“As we thrive to transform business, overcome conventional restrictions, and bring new advantages to the organization, technology plays a big part in this long journey and we constantly face business challenges. Therefore, we sometimes need experts in specific areas in which will accelerate and shorten the path to our goal. RISE’s program takes us to meet with new potential partners and the competencies we look for and this is our group’s third year joining the program” said Panunya Charoensawadpong, Head of Business Development of PTTEP and AI and Robotics Venture, a renowned Thailand based petroleum exploration and production company under PTT Group, a Fortune 500 company which has US$50 Billion turnovers added.
Some alumni from the previous programs include Finnomena, a fintech Robo-advisor which raised over US$ 10m Series B earlier this year from Gobi Partners, Openspace Ventures, Krungsri Finnovate, 500 Startups, among others.
“RISE helps us tie-up with Krungsri Bank and Krungsri Finnovate since day 1, not only connecting but also helping to build the real business. The outcome was the business with the bank and also our Series A investment was led by Krungsri Finnovate. If you are interested in connecting with 400+ corporates that RISE is now working closely with, this Global Accelerator Program is a must” Jessada Sookdhis, CEO and Co-Founder, Finnomena.
QueQ, a famous queuing application from Thailand which raised over US$ 2.9m from True Corporation and Google Launchpad Accelerator last year after joining RISE’s Accelerator Program, Rungsun Promprasith, CEO of QueQ shared.
“RISE offers us a unique accelerator program that focuses on real practice and growth. They are similar to the professional nanny who knows their startup kids so well. Many teams put the first step of their stable strong path here. ‘Family’ may be the best word to describe our bonding.”
Other notable startup alumni from the region, BBP - an energy efficiency startups based in Singapore raised S$45M Series B and secured multiple corporate clients after joining the program, Sales Candy - a Malaysian Lead Management System landed a contract with one of the largest property developers in Thailand and subsequently secured Pre-A funding from Wavemaker Partners and Abeja - a Japan’s leading B2B AI platform who would like to tap into Southeast Asia market.
“We will continue to build a meaningful relationship between our corporate partners and world-class startups to drive the real economic impact form years to come and that is aligned with our mission to raise 1% of the GDP for Southeast Asia” concluded Dr. Kid
Applications for the program are being accepted until May, 30th 2020. Interested startups and potential corporate partners can visit gap.riseaccel.com for program details, virtual roadshow schedule, application submission.