Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group, has launched new initiatives under Project AsiaForward (PAF) with the hope of expanding business opportunities for startups, developers, and talents in the Asia Pacific (APAC) region.
Teaming up with regional accelerators, including Action Community for Entrepreneurship (ACE) in Singapore, Handsprofit (Malaysia), and Sunwah Innovation Center (Vietnam), Alibaba Cloud will provide mentorship, capital, and connections for startups with investors and business partners.
“As APAC continues to transform through technology and digitalization, nurturing digital talent across the region is needed to create a sustainable ecosystem of innovation for the future,” said Selina Yuan, GM for International Business, Alibaba Cloud Intelligence. “The growth of Project AsiaForward is testament to this need among practitioners and companies to accelerate their digital competencies and cultivate future-ready skills. As a leading cloud service provider, we are committed to working together with our network of partners in APAC to empower talent and startups across different industries to reach their digital potential.”
Talents have been an integral part of the project, and after seeing the success of the company’s training programs last year, PAF will roll out more learning opportunities for talents and startups including open office hours with venture capitalists (VC) to guide them on business issues, technology workshops to offer participants insights on digitalization tools, and business intelligence webinars to pass on the latest industry trends to attendees.
Since its launch last year, more than 600,000 talents, 14,000 developers, and 850 startups have participated in the project. Many of them have leveraged PAF to showcase their business success, and gained exposure to interact with more potential customers and partners.
Sandbox for developers
Under the project, Alibaba Cloud is also aiming to create a meeting place, gallery, club, and workspace via Inno8 in the Sandbox for developers to interact with Alibaba Cloud.
In the Philippines, Finantier, a tech company that promotes financial inclusion by facilitating access to those who were previously unable to obtain conventional financial services, was named the Asia Star in the Philippines Demo Day, demonstrating that they are a good fit for the Alibaba Cloud ecosystem. The company can receive P3.1 million ($60,000) in Alibaba Cloud credits to further integrate cloud solutions into its operations.
In Singapore AiTreat, a high-tech company that has built robots to administer physiotherapy treatments, is one of the top 10 finalists in the Singapore Demo Day. As a finalist, the company can receive Alibaba Cloud vouchers, technical support from Alibaba Cloud as well as exposure to regional VCs for potential investment.
In Hong Kong, Gridmarkets, a cloud-based platform for drug discovery simulation rendering, was named the Asia Star in Hong Kong Demo Day. The company exemplified the innovation that cloud technologies are enabling.
In Indonesia, HashMicro EVA, AI-powered recruitment software that automates and saves recruiters time to find the first-rate candidates， was a finalist in the second Indonesia Demo Day. The company is planning to leverage Alibaba Cloud’s resource and technology know-how to further expand its market share locally.
In Malaysia, ClicknCare is a startup that provides teleconsultation services connecting migrant workers with doctors. As a participant in PAF, they had the opportunity to network with developers and young professionals, expanding their exposure to new talent and resources.
In Thailand, Sati, a mental health support app with the mission to create an army of empathetic listeners who are available around the clock for their users is one of the finalists in the Thailand Demo Day.
Since the launch of PAF last year, Alibaba Cloud has committed an initial $1 billion funding and resources to cultivate a million-strong digital talent pool, empower 100,000 developers and support the growth of 100,000 technology startups in APAC.
Categories: Business Features