NEWS

AppWorks Accelerator's 26th Demo Day showcased the achievements of 19 new venture teams, half of which are from Southeast Asia, highlighting the region's growing entrepreneurial capabilities. This focus aligns with AppWorks' strategic expansion into Greater Southeast Asia, encompassing Taiwan and the ASEAN region.

AppWorks remains optimistic about the transformative potential of artificial intelligence, blockchain, and Southeast Asia's entrepreneurial ecosystem. To deepen its engagement in the region, AppWorks has elevated Beacon Funds, a unit dedicated to fostering Southeast Asian ventures, into a business unit.

In light of an economic downturn and tightening capital markets, investors are adopting a more cautious approach, prioritizing profitability and return on investment. However, Jun Wakabayashi, head of Beacon Funds Arm and a mentor for the NTU OIA’s mentorship program, emphasizes that such challenging times often foster innovation. He cites the emergence of LinkedIn and Mailchimp following the dot-com bubble burst and Uber, Airbnb, and Square during the post-2008 financial crisis.

In addition to Wakabayashi’s positive vision for the future of startups, AppWorks also invites aspiring talents to participate in the NTU Mentorship Program. This climate highlights the importance of nurturing entrepreneurial dreams that will help drive innovation and economic growth in the current society.

Look at the article: https://www.ctee.com.tw/news/20230705700137-430502