JFDI.asia’s co-founder Meng Wong is a serial entrepreneur and established business angel. He tells the story of how the pre-seed accelerator phenomenon has evolved, what seem to be the vital ingredients and how JFDI.asia fills a gap among complementary early-stage schemes in Asia.
23. Vision for JFDI Short term value prop: More pre-qualified dealflow for seed and Series A investors: solid businesses designed to be investment ready. Long term vision: a self-sustaining startup ecosystem in Singapore that turns founders into funders and inventors into investors. Improve the startup experience for founders and investors. Our motto: spawning scalable startups, sustainably
3. Business Plan & Operational Framework · New capability areas to be developed/offered: expertise, facilities, other resources · Management team – Organisation structure and roles i.e. leadership, key management and other operational staff · Implementation strategy for proposal · Strategies/activities to create awareness of and encourage utilization of services/facilities by the industry · Screening process for companies that would benefit from programmes · Track record of incubator- Companies that have benefitted · Track record of incubator founders & managers · Entry and graduation policy for incubatees · Project milestones and timeline
3. Business Plan & Operational Framework · New capability areas to be developed/offered: expertise, facilities, other resources · Management team – Organisation structure and roles i.e. leadership, key management and other operational staff · Implementation strategy for proposal · Strategies/activities to create awareness of and encourage utilization of services/facilities by the industry · Screening process for companies that would benefit from programmes · Track record of incubator- Companies that have benefitted · Track record of incubator founders & managers · Entry and graduation policy for incubatees · Project milestones and timeline