Inceva company has announced the launch of a new incubator equity fund that seeks to provide funding for North American and South East Asian Startups. With two successful placements in the last 2 years, the strategic planning and business development agency is looking for new candidates in the hardware and health-related sectors with a heavy slant on emerging mobile technologies. The accelerator investment fund is seeking to develop two startups a year to get six months incubation support and development funding of up to $100,000 USD each, to be decided on November 17, 2017. Teams from outside the Los Angeles metro area will also get housing support.
Each startup candidate will receive five minutes on stage to showcase their service or product in front of early-stage investors in the fund. The Accelerator Fund is looking for Start-ups who need structured support at various stages of their growth to develop the company websites and online marketing effectiveness through SEM & SEO channels. The tactical focus towards sales and lead generation will allow the start-ups to consistently generate income streams and secure funding for further growth. Inceva co-invests in innovative startups with accredited investors looking to participate and build a vibrant start-up culture where innovation can flourish in a measurable and sustainable manner. According to Inceva, potential applicants must focus on three core concepts including focusing on real-world issues worth solving, must demonstrate that their solution solves such problems, and lastly be able to prove that there is sufficient demand in their target markets for that solution.
Winning companies will need to work out of the Bangkok, Thailand office, which opened as part of a new startup development hub. The seed fund is now accepting applications from businesses in any industry with growth potential; however it’s primary focus is on hardware, biotech, finance and mobile communication technologies.
The Southeast Asian market is home to over 660 million people spanning across 11 countries. With the recent establishment of the ASEAN Economic Community (AEC) in 2015, Thailand startups mushrooming with tremendous growth potential. The total market size for AEC is valued at over USD$2.75 trillion and if combined, would represent the third largest economy in the Asian continent and the seventh largest economy in the world with 62 percent of the overall population in the desirable age group of 15-34.
Larger investment funds usually overlook Thailand for more mature economies in Malaysia, Indonesia, and Singapore but its rapidly growing population of 65 million is significant because over 40 million residents have fast Internet access thanks mainly to the rapid adoption of smartphones.
Media Contact
Company Name: Inceva Company
Contact Person: Deris Techaphiboon
Email: Send Email
Phone: +1(213) 408-3303
Address:8560 Sunset Blvd #330
City: Hollywood
State: California
Country: United States
Website: www.inceva.co.th
Source: www.abnewswire.com
