AppWorks Accelerator
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AppWorks launched its Taipei-based accelerator program in 2010 to help Taiwanese and Southeast Asian Internet startups optimize their products and business strategies. Every six months, AppWorks Accelerator recruits 30 promising startups working in mobile Internet, Internet of Things, and other rapidly growing areas. AppWorks is the largest startup accelerator in Asia with 275 startups and 580 founders in its alumni network. Star alumni include EZTABLE, Tagtoo, CHOCOLABS, urAD, and many more. AppWorks’ alumni have created total at a combined valuation of $845 million so far. AppWorks also manages a total of US$222 million in VC funds. It leads seed and Series A and B rounds for its startups, investing US$100K to 5M and aligning co-investors based on their needs.
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AppWorks Accelerator
- 1. 之初創投 The largest accelerator in Asia
- 4. Kick Off Day Mentor Day Demo Day Accelerator This is the official orientation day. We will introduce the members from Team AppWorks, the following 6 months arrangement and all the things startups need to pay attention on. At about two months after the start of kick off day, Mentors, LPs and AppWorks Alumni will attend. Startups can get valuable advice from VIPs and make connection with them. At about four months after the start of kick off day, more than one thousand participants will attend including investors, industry representatives and media.
- 5. Weekly Demo Weekly Schedule Update your status Share your thoughts and experience Get advice from peers & AppWorks Partners Training Tuesday Speaker Series Happy Hour Know-how you need to know Prepare lesson beforehand Ask Questions Make connection Outstanding Entrepreneur Prepare lesson beforehand Ask Questions Make connection Open House Alumni Reunion Talk with people Make friends
- 6. Resources Partners Office Hour Mentorship Alumni Workshop Specialty club Internet Industry Startups Community Association: TIEA etc. Government Media Oversea Media / PR Engineering Editing Legal Recruitment Intern Talent Pool Advices Network Masters
- 7. Total Startups 275 ( +55% YOY ) State of the Ecosystem Total Founder 580 ( +120% YOY ) Total Raise US $ 222 M ( +54% YOY ) Total Valuation US $ 845 M ( +94% YOY ) Total Revenue US $ 514 M (+126% YOY ) Total Employees 3,230 ( +47% YOY )
- 9. Venture Fund The fund will be used to support Taiwanese startups that go through its accelerator program, which has been active since 2010. AppWorks leads seed and Series A and B rounds for its startups, investing US$100K to 5M and aligning co-investors based on their needs. Investors include the National Development Fund, Cathay Life, Phison Electronics, media company UDN Group, CID Group, Fubon Life, China Trust Ventures, and CDIB Capital etc. Total Raise Focus on Fund LPs US $ 222 M EC , IOT , MC , AdTech Ten corporations
- 10. Invested
- 12. Key Executives Jamie C. Lin Founding Partner Joseph Chan Partner IC Jan Partner Nice Cheng Partner
Editor's Notes
- AppWorks is the largest accelerator in Asia with 275 startups and 580 founders in its network. Twice a year, its 6-month program takes in 30 startups. Star alumni include EZTABLE, CHOCOLABS and Fandora.
- Accelerator, Venture Capital, Startup Network
- Cathay Life Insurance, Taiwan‘s National Development Fund, Phison Electronics, best known as a maker of flash drives; Far Eastern, the island’s third-biggest telco; CID group, a Shanghai-based VC firm best known for investing in Taiwanese semiconductor firms; and China Trust Capital.
- Examples of companies tackling that region include 91Apps, which helps e-commerce companies set up mobile apps; restaurant-booking platform EZTABLE, which operates in Hong Kong, Thailand, Indonesia, and Malaysia; PubGame, whose Thai branch accounts for a significant percentage of its revenue; e-commerce startup uitox; and marketing analytics company Migo.