Great stuff, but first they got to know how to challenge themselves to create something that is meaningful to society and not just another Silicon Valley. So we’ve seen co-working spaces, accelerators ,mentor-ships, and VCs. What we don’t have is better appropriation of money to the right ideas, not cool ideas that might make a cheap buck.
Singapore’s Joyful Frog Digital Incubator has raised $2.1 million from investors led by Infocomm Investments to pursue the city state’s ambitions of becoming the startup hub for all of South East Asia.
Russia’s SpinUp Partners and the Silicon Valley-based Fenox are among other investors participating in the latest round. The idea behind getting more overseas investors is to gain from their expertise and collaborate.
“In Russia, we have talented startup teams and capital seeking access to world markets. Singapore is the gateway to Asia for us and we look forward to working closely with JFDI.Asia into the future,” Sergey Gorokhov, Director and Chairman of the Board at SpinUp Partners said in a statement.
The funding will be used to incubate more startup ideas in the region, and is part of the accelerator’s aim to raise around $4.7 million in total capital. The new funding will also be used to support the upcoming…
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