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Anthill Ventures selects 15 startups for 'A-Scale' with support from Enterprise Singapore Hyderabad

PTI hyderabad India
Updated: 15-05-2019 20:33 IST
Anthill Ventures selects 15 startups for 'A-Scale' with support from Enterprise Singapore Hyderabad

Anthill Ventures, which handholds early-stage startups, Wednesday announced that 15 startups have been shortlisted for A-Scale, an Asian market access programme based in Singapore. A cohort of 15 startups from Singapore, India, Israel, and the US with cutting-edge solutions for health tech, media tech and urban tech have been selected after evaluation of over 300 applications received from across the world, a press release said here.

This programme has the support of Enterprise Singapore Singapore government's agency that is championing enterprise development. It is also in charge of developing Singapore's startup ecosystem.

Anthill Ventures is part of the agency's "Startup SG Accelerator" initiative providing mentorship and resources to support the growth of start-ups, it said. Through A-Scale, the shortlisted 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.

The programme will help each of the selected startups to raise funding of up to USD 1 million and an additional syndicated USD 20 million smart capital via Anthill's co-investors network, the release said. The shortlisted media tech and health tech startups will benefit from Anthill Ventures' existing market access programmes and speed-scaling ecosystem in India: Anthill Studio and Lumos respectively.

Anthill Ventures, founder and CEO, Prasad Vanga said: "The batch of 15 aspiring startups selected for A-Scale is a testimony of Anthill's commitment towards building a strong innovation ecosystem globally." The startups were evaluated 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, the release added.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)