Joseph K. Ziegler, Jamie M Camidge, Annie Parker at the launch of muru-D
After the successful launch of its first accelerator in Sydney in October 2013, Communications company Telstra has launched its startup accelerator, muru-D, in Singapore on Wednesday.
According to Telstra, it wants to attract the region's best digital talent, foster local technology innovation and grow the entrepreneurial ecosystem across Southeast Asia.
Applications will open in May for ten technology startups from across Southeast Asia to be recruited for the inaugural six-month accelerator program, which begins in August 2015.
The successful startups will receive SGD$40,000 in seed capital, space in muru-D Singapore's central business district office and introductions to world-class mentors, coaches and investors.
Annie Parker, Co-Founder at muru-D, said Singapore was the ideal location for its second startup accelerator. Its Sydney-based startups have already attracted more than SGD$3.15 million (AU$3 million) in follow-on funding.
"With its fast-developing startup ecosystem, pro-business policies and access to local capital, Singapore offers entrepreneurs a tremendous launch pad into Southeast Asia, which has a burgeoning population of more than 600 million people and GDP in excess of SGD$2.4 trillion2. muru-D will help accelerate technology innovation throughout Southeast Asia and we look forward to, not only attracting the best digital talent but, critically, creating the right conditions for their long-term success," she said.
Tesltra officials said that muru-D is one of a number of growth businesses under Telstra Software Group (TSG), led by Charlotte Yarkoni who is the other Co-Founder of muru-D.
"We strongly believe the accelerator model is the best way to help high impact tech startups mature in the shortest possible time," said Dr Alex Lin, Head of Infocomm Investments. "It is strategic that Telstra is investing valuable corporate resources to support muru-D's expansion, leveraging business and innovation opportunities throughout Singapore, as the country continues on its journey to become a truly Smart Nation," Dr Lin said.
muru-D Singapore will be headed by Joseph Ziegler, Entrepreneur-in-Residence, and Jamie Camidge, Head of Strategic Partnerships & Alliances.
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