Accelerating in Singapore

Talk-A-Bot is getting on the next level! From the 16th of July the entreprise chatbot provider company is taking part in Rakuten Accelerator Programme Powered by Techstars in Singapore. Each year they choose over 300 companies to join their three-month mentorship-driven accelerator, investing $120K and providing hands-on mentorship and access to the Techstars Network for life.Together with Rakuten, a global leader in internet services, Techstars will work with early-stage entrepreneurs who are advancing social messaging technologies, with a focus on the Viber application. This mentorship-driven accelerator will focus on disrupting and revolutionizing how businesses and consumers use messaging to conduct business and stay connected. Areas considered for the program include AI based chatbot, chat commerce, mobile wallet, and cryptocurrency, ad tech, VR and AR solutions, voice recognition, image recognition, translation, content such as music and sports, chat-based IoT, and enterprise integrated messaging. This new program, their first Accelerator Program in southeast Asia, will help to grow their existing community in the region, where Techstars Startup Programs have been active since 2010.

Techstars’ worldwide network is connected with more than 10,000 mentors, partners, investors, and founders. Participants will also have access to resources from across Rakuten’s global ecosystem of more than 70 services including Rakuten Viber messaging and voice platform. With hundreds of millions of users around the world, Viber also recently became the official communication channel of FC Barcelona, Official Instant Messaging and Calling App Partner of the Golden State Warriors and an official platform for the National Basketball Association.

The 3-month intensive program will conclude with a Demo Day, where the participants will pitch their businesses to hundreds of investors from all over the world. Over the past 10 years, Techstars has helped over 1,274 companies grow and raise over $4.4 billion in funding, with a market cap of $11.4 billion.

There’s an often-repeated statistic that 90 percent of startups fail. Not sure the source is right, but no doubt that it scares entrepreneurs. At Techstars, they see the reverse in their accelerator portfolio – 90 percent of their startups are active or have successfully exited. Let’s see how Talk-A-Bot is stepping forwards on its path!

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