Grab launches startup program through new partnership

GVI will focus on high potential startups aiming to launch in the Vietnamese market

Grab program

Grab launches startup program through new partnership. Source: shutterstock.com

Grab has entered into a partnership with the Infocomm Media Development Authority (IMDA). Both companies plan to pilot Grab Ventures Ignite (GVI) initiative. This project is a 14-week accelerator program for Singapore-based startups with interest to venture overseas.

Besides, Grab Ventures Ignite will be held alongside the GVI Vietnam program. This way, startups from both countries willbe able to exchange ideas and learn from one another. The initiative enables Singapore startups to get a better understanding of Vietnam’s culture and business context. In addition, it will help them build strategic networks with Vietnamese investors and corporate partners.

Grab is committed to helping more Singapore startups and micro SMEs build strong digital capabilities and capture opportunities in the digital economy through leveraging our expansive reach across the region, assets and capabilities and partnerships. During such extraordinary times, it is even more important for the business and startup community to come together to exchange ideas and learn from one another. The effort is also aligned to Singapore’s interest to become the global-Asian node for tech, innovation, and enterprise. Grab Ventures Velocity and Grab Ventures Ignite are testaments of our efforts to drive this agenda forward
Chris Yeo, Head of Grab Ventures

Grab and IMDA will evaluate Singaporean startups according to a range of criteria. The companies will focus on the team strengths, existing standing in the Singapore market, potential fit with the Vietnamese market, and readiness to expand.

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