Global VC firm 500 Startups is teaming up with Enterprise Singapore (ESG) to launch a new virtual programme, called 500 Ignition Singapore.

This initiative will help emerging entrepreneurs in the city-state build innovative ventures from scratch by helping them assemble founding teams, validate potential opportunities and create a product roadmap and business plan.

Set to run for 12 weeks, 500 Ignition Singapore aims to help selected startups by connecting them with industry experts for mentorship, finding the right co-founders, and providing them with shared resources that can help facilitate their startups’ long-term growth.

Key mentors joining the programme include Leesa Soulodre (General Partner, R31Ventures), Jin Tanaka (co-founder and Managing Partner, Shogun Capital), Jaspreet S Dua (Entrepreneur-in-Residence, 500 Startups), Mimi Aminah Wan Nordin (CEO, Constellation Ventures), Anurag Rastogi (Member of the Board, FinCode), and Garry Huang (Entrepreneur-in-Residence, 500 Startups).

The programme will take place in three phases.

Also Read: Tribe raises funding to expand its accelerator programme globally

In the first phase, participants will be divided into teams to learn best practices on how to gather insights to craft compelling value propositions for their products and services.

The second phase will include helping startups develop a minimum viable product (MVP) and the third phase will have teams learning other core components that make a successful startup like marketing, sales, etc.

While the applications for the first cohort of 500 Ignition are already closed, individuals can apply for its second cohort from today until May 21.

500 Startups is currently running another Ignition programme in Cambodia and intends to run similar programmes across ecosystems with emerging startup talent, desiring to engage with youth in entrepreneurship and aiming to stimulate new job creation.

“The past year has witnessed significant disruption across myriad sectors and hence fresh ideas are needed to meet ever-evolving demands. We are thrilled to partner with Enterprise Singapore in this endeavor to provide aspiring founders with the foundation and mentorship they need to launch a business,” said Ee Ling Lim, Regional Director of APAC, Business Development, 500

Image Credit: 500 Ignition Singapore

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