Anthill Ventures, the early-growth startups investment platform, has announced the launch of A-Scale. The company said A-Scale is “an Asian market access programme for healthtech, mediatech, and urbantech startups”.
This move by Anthill is supported by Enterprise Singapore, the government agency responsible for developing enterprises and fostering Singapore’s startup ecosystem. The support will give Anthill guarantee in funding and access to potential startups and ecosystem players in Singapore under the Enterprise Singapore Startup SG Accelerator program.
With the launch of A-Scale, Anthill aims to strengthen its presence in the Asia Pacific (APAC). It quickly follows with the company recruiting corporates, partners, investors, and mentors in Southeast Asia for the speed-scaling program.
A-Scale is a six-month-long speed-scaling program targeted to benefit 18 startups every year, specifically global growth-stage startups with technologies that challenge traditional business models and that are interested in entering Asian markets.
Anthill said that deep technology and deep science startups will receive targeted mentoring on business model refinement, pricing, go-to-market, and sales distribution strategies combined with capital funding from Anthill’s sector-focused funds. A-Scale’s participants will be given access to Anthill’s existing programs in India such as Anthill Studio (for media technology ventures) and Lumos (for healthcare technology ventures).
“We are excited to bring our expertise in growth-stage technology startups into new markets in Asia, with the support of Enterprise Singapore. We are focussed on solving the speed-scaling challenge that startups have during the growth phase to commercialise and customise their products to large markets like India,” said Prasad Vanga, Founder, and CEO of Anthill.
Lim Seow Hui, Director of Startup Development, Enterprise Singapore added: “By becoming a Startup SG Accelerator partner, Anthill brings its industry expertise in healthtech, urbantech, and mediatech, adding to the vibrancy of our startup ecosystem. Growth-stage startups based here can leverage its strong networks in India and Southeast Asia to gain access to key ecosystem players and shorten their time to market.”
Some of the highlighted benefits of joining A-scale includes access to technology experts, government-backed datasets, and market channels, mentorship, funding up to US$1 million, infrastructure supports, and seed funding up to US$20 million from Anthill.
The criteria have been announced for applicant’s eligibility, which is early-growth stage startups in pre-series A stage in the urban tech, media tech, and health tech sector, registered in Singapore, with products that’s ready for scaling.