On Nov. 9, 2017, AppWorks Demo Day #15 was held in Taipei, where 25 regional tech startups pitched their products and business models to over 1,200 guests.
Online PR News – 10-November-2017 – Taipei/Taiwan – On November 9, 2017, AppWorks Demo Day #15 was held at Taipei’s NTU Hospital International Convention Center, where 25 regional tech startups operating across AI, fintech, e-commerce, O2O, IoT, and SaaS pitched their products and business models to a crowd of over 1,200 investors, policy makers, potential business partners, and tech enthusiasts alike.
Demo Day marked the culmination of the accelerator’s 6-month program where bold and ambitious entrepreneurs from all over the region are equipped with the necessary resources, mentorship, training, and connections to get their businesses off the ground. Since it’s establishment in 2010, Taiwan-based AppWorks has become the largest accelerator in Greater Southeast Asia, having already graduated 14 batches, encompassing over 320 active startups and 780 founders.
Almost half of the teams from AppWorks #15 hailed from countries outside of Taiwan, including Singapore, Hong Kong, Malaysia, and Korea—and that’s not by coincidence. The intake of international startups has been progressively increasing every year, with more and more founders looking to leverage AppWorks and its sprawling ecosystem to capitalize on the growing opportunities in GSEA, including:
Booqed (HK): A digital marketplace connecting businesses and users needing a place to work, meet, or have an event, with space owners that have excess or unused spaces they can monetize
CoverGo (HK): An independent tech platform that helps insurance advisors manage their clients’ policies and improve customer engagement and experience through a dedicated mobile app
Qourier (SG): An online platform that connects businesses or individuals to a network of crowdsourced freelancers for deliveries
Micepad (SG): An event management and audience engagement platform, designed to deliver a great experience for every digital interaction
Cytron Technology (MY): An online marketplace of DIY electronic components targeted at makers and builders
StickerHD (TW): An online customized sticker printing platform that boasts high-quality, anti-UV, and waterproof custom stickers ready to be delivered within 7 days to customers all over Asia
FBbuy (TW): An order collection system on Facebook, painlessly bridging the social community with an e-commerce platform
SHOUHAN (KR): An online Korean language education service platform that provides comprehensive video lectures (drama, TV show form) and 1-on-1 tutoring services (native korean tutor)
Codibook (KR): An online customized shopping service that boasts the most members and content in South Korea’s fashion sector
Taiwan in particular, given its developed economy, sizable market opportunities, and longstanding penchant towards innovation has served as a strategic gateway for many Internet players such as Sea-owned Shopee and Singapore-based ShopBack in their regional conquests. But perhaps the most strategic asset that Taiwan can maintain over its regional peers is the sheer size of its talent pool, specifically those trained in specialized technologies such as artificial intelligence—a transformative area where several companies from the current batch have produced successful applications including:
Botimize (TW): A chatbot analytics tool that helps brands acquire, grow, and retain users by optimizing conversational interactions in marketing, customer support, and sales targeting
Mr.Reply (HK): A marketing chatbot platform that helps marketers/small business owners set up marketing chatbots on Facebook without coding to enhance leads generation and conversion
Origami Labs (HK): Developer of the IoT wearable smart ring “ORII” which features enhanced voice AI capabilities in communications, B2B hospitality applications, telecom, and contactless payments
“As our ecosystem continues to grow, AppWorks is conscious of iterating upon our program to help our startups effectively compete in an increasingly competitive market landscape. In the current batch [AW#15], startups are assigned to one of three different cohorts depending on their scope, Seed, Consumer Growth, and Enterprise Growth, with the ultimate aim of providing highly tailored content to accelerate growth,” remarked AppWorks Founding Partner Jamie Lin at the opening of the event.
By early next year, the group will finish raising AppWorks Fund III, amounting to US$ 100 million which will focus on financing Seed, Series A, and Series B rounds for startups all across GSEA.
Meanwhile, AppWorks Landing Pod has recently launched in Jakarta to help startups enter the Indonesian market and simultaneously planting the seeds for future expansion into all major Southeast Asian markets, while accelerating AppWorks’ own evolution in becoming a regional support platform for internet startups.
For aspiring entrepreneurs across Greater Southeast Asia looking to take part in the region’s digital revolution, applications for AppWorks Accelerator Batch #16 can be found at https://appworks.tw/accelerator/.