Introducing the Workplace Accelerator, SEA’s first dedicated HR Tech accelerator
By Digital News Asia July 7, 2020
- 12-week virtual programme with extensive hands-on expert advisors
- Startups can also receive a cash investment to help them grow towards Series A
Leading players in the HR and VC Investment ecosystem have come together to create The Workplace Accelerator, Southeast Asia’s first dedicated accelerator programme that focuses on HR Tech startups.
This is a virtual 12-week programme that is said to offer extensive support through hands-on expert advisors who will be working directly with the participants through the programme on each core area of their business.
Now accepting applications, the programme also provides access to a network of over 50 senior HR leaders acting as mentors from top companies within sectors such as tech, banking, insurance, lighting, consulting and many others. They will be providing participants with real world feedback and market access.
Startups can also receive a cash investment in their businesses to help them grow and push them towards their Series A investment round.
As for the criteria for application, companies that are interested in applying should be at Seed stage and have products that are focused on any of 5 key categories that include Talent Acquisition, Talent Management, Productivity and Collaboration, HR & Admin and Workforce Management.
“HR Tech in APAC is a US$50 billion (RM213 billion) per year vertical and has the power to be a force for good. We want to create regional champions to help create a better and more enjoyable working world for all,” says The Workplace Accelerator’s founder and Veremark.com CEO Daniel Callaghan.
“With 55% of the population in Southeast Asia now a millennial or younger, they are both expecting and demanding a digital experience at work. The Workplace Accelerator has the potential to help the region’s early stage ventures shape how the world’s fastest growing markets work.”
Veremark, a global background screening platform, is one of the several key partners in the HR Tech ecosystem providing support to the startups of The Workplace Accelerator. Other key partners include Malaysia Digital Economy Corporation (MDEC); pan-continental venture fund Unified Ventures; HR-focused investor and innovator Chapman V; tech-focused investment advisory Vantage Capital Partners; and HR Tech marketplace and advisory hrtech.sg.
“Malaysian start-ups have proven their mettle in developing a myriad of tech solutions and we are confident they will play a pivotal role in enabling businesses to adopt a hybrid model of workforce management. As such, we passionately support accelerator programmes that empowers our start-ups through learning, funding and collaboration opportunities to fulfil the emerging digital demands of the new normal,” comments MDEC’s Global Growth Acceleration vice president Gopi Ganesalingam.
Startups can submit their applications at https://workplaceaccelerator.com/ before 31 July 2020.