Google to hold 1st Asia ‘Demo Day’ in Shanghai

24/05/2018

Google wants to know: does your startup have what it takes to be the next great tech champion in Asia?

 

 

The Silicon Valley-based search engine intends to find out at its first-ever Demo Day in Asia, slated for Sept. 20 in Shanghai.

A Google blog post invites top startup founders from the Asia Pacific area to pitch to high-powered regional and global investors onstage. The deadline to apply to participate is July 1.

Selected startups will receive mentorship and coaching from Google to pitches to a panel of notable investors.

“You’ll experience an immersion into the Chinese startup ecosystem by connecting with successful founders and community players,” Google partnerships manager Michael Kim wrote in the blog post. “While there, you’ll have the opportunity to meet top venture capital investors from around the world and find out what they look for in a startup.”

Kim added that those that impress have the opportunity to come away with some funding and up to $100,000 in Google Cloud Platform credits.

Google said its teams review the startups and select them based on “the strength of the team, execution and traction, and their growth potential.”

According to Google, since 2014, businesses that have pitched at Demo Days have gone on to raise $273 million.

“Startups across Asia are building the products and services of our future,” Kim wrote.

Google posted the criteria for startups that wish to particpate:

  • Must be legally incorporated and headquartered in Asia.
  • Must have raised at least $50,000.
  • Must be seeking to actively raise $1M-$5M within 6 months of the event.
  • Must have demonstrated traction through funding raised, revenue, customer growth, etc.
  • Must be confident in presenting in English

 

The biggest fintech unicorn in the world, Ant Financial, is located in China. The Alibaba affiliate is valued at around $150 billion and rumors have been swirling that it intends to raise an additional $10 billion in an initial public offering from investors led by Temasek Holdings Pte.

 

 

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