The nine technology startups each received S$40,000 in seed capital through the muru-D program, including six months access to muru-D Singapore’s Amoy Street premise as well as introductions to world-class mentors, coaches and Telstra experts.
muru-D says that since the beginning of the program, most of its Singapore first cohort has raised a significant proportion of their seed rounds, with two teams raising in excess of S$300,000 prior to demo night yesterday.
“We joined muru-D because of its deep relationships with, and broad reach into, the corporate sphere, as well as their excellent track record. I am pleased to say they delivered in spades, connecting Apvera with global experts and large channel partners which have helped accelerate our growth,” said Eric Meyer, CEO of Apvera, one of the graduating startups.
“Through muru-D Singapore, we’ve had the opportunity to work with inspiring entrepreneurs with innovative technology and global ambitions.
“Having watched these teams grow and develop their businesses for the past six months, we are thrilled to see the transformation. We’ll continue to provide on-going support as they become part of our thriving alumni of 44 startups from around the world. Personally I’m thrilled with the diversity represented in this cohort too; with more than half of the graduating teams have female founders.”
Launched in April 2015, muru-D Singapore is part of the Telstra Software Group and part of its mission is to help build a healthy ecosystem for Telstra to drive software innovation, especially in Southeast Asia.
“The startup community in South East Asia is blossoming, and as a leading technology company in the region, we strongly believe in enabling digital talent to grow and mature,” Yarkoni said.
“We are particularly pleased to see the geographic spread of these companies, indicating the region’s emerging leadership as a source of digital innovation.”
Yarkoni said the success of the muru-D Singapore Class #1 is also fuelled by the support from local organisations, such as the Infocomm Investments Pte Ltd (IIPL), a wholly-owned subsidiary of Infocomm Development Authority of Singapore (IDA).
Dr Alex Lin, Head of IIPL said, “the fact that Singapore is chosen as the place for a muru-D programme outside of Australia speaks to the abundance of opportunities in our ecosystem. The nine graduating teams reflect the diversity of startups and talents in Singapore and around the region. We, at IIPL, are committed to supporting and growing the startup ecosystem by knowledge-sharing and connecting people and resources. We’ll continue so with muru-D and any other organisations so as to help startups in our ecosystem flourish.”