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The digital media-focussed incubator Mediapreneur has already run two batches of startups

Mediapreneur, the incubator arm of Singapore’s largest media company Mediacorp, has announced it has raised over S$2 million (US$1.42 million) in seed funding over two years.

In an official press release, Mediapreneur also announced the launch of phase three of its programme. Startups are invited to apply from now till 11.59pm on 5 March 2017.

Launched in 2013, Mediapreneur provides seed funding, mentoring, working space, intellectual property and networking opportunities for startups. Through Mediapreneur, its startups can also tap into Mediacorp’s vast media resources including TV, radio, print and online platforms to broaden its reach.

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Late last year, Mediapreneur entered into a partnership with equity-based and lending crowdfunding platform FundedHere, allowing its portfolio startups to raise seed funding through crowdfunding. One of its media startups, advertising solutions company Spotted!, has already raised S$375,000 (US$262,000) through FundedHere.

VR/360 startup Vostok VR was able to grow by over 600 per cent over the course of six months as a result of Mediapreneur’s help.

“As a startup, what we need is a wide network of business contacts and qualified
mentoring to scale our products globally. That’s why we find the Mediapreneur
programme so attractive. Currently, we are producing virtual reality (VR) content and
have completed four videos for Channel NewsAsia, with four more videos in the
pipeline,” said Vitaliy Nechaev, CEO of Vostok VR, in an official press release.

“We are happy to see good progress and successes from the first two batches of startups who have gone on to launch their products in the market. Mediapreneur turns start-up companies with innovative ideas into successful technology businesses and profitable ones. We aim to be the nurturing conduit to grow this healthy ecosystem of entrepreneurial space,” said Guillaume Sachet, Mediacorp’s Head of Strategic Planning.

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Image Credit: Mediacorp

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