Hong Kong-based startup accelerator and investment firm, Betatron has announced that it will invest up to $500,000 in every startup backed by it. However, the startup will only get the next funding when it reaches the next stage. According to Betatron, the principal aim of this accelerator program is to help every startup to elevate their funds and boost their business.
As Betatron’s website mentions, under the accelerator program, it will invest up to $250,000, and another $250,000 will invest later. Earlier, it had invested $30,000 per startup for the first three batches; the fourth batch got the investment of $70,000 per startup and $150,000 for the fifth batch.
Betatron’s four-month accelerator program offers funds to promising startups and support for marketing, sales, UI/UX, legal, tech development, and accounting. Along with this, a lead mentor from Betatron’s network of venture capitalists and industry experts will be assigned to every startup.
Betatron’s director of marketing, Sam Ameen, says that Betatron team boosts the value it adds to a startup by inviting them to an investor roadshow all over Asia and North America as well as during Demo Days in Hong Kong, Singapore, and Silicon Valley. This drill offers each startup with the best platform to get their next funding round and have global exposure.
Last year in December, the fifth run of its four-month accelerator program ended. The applicants who registerfed before March 2018 will be in the next batch of the accelerator program, which is going to start in the second quarter of 2020. Startup representatives have to stay in Hong Kong for the accelerator program, which according to the company, will last for 42-45 days approximately.
Launched in 2016, Betatron has invested in various sectors such as e-sports, influencer marketing, fin-tech, sustainability, logistics, marine shipping, prop-tech, legal tech, supply chain management, and travel tech. It claims to have invested in 37 startups under the accelerator program to date.
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