VENTURE capital firm Trive Ventures, in partnership with JustCo Lab, has launched its first startup incubation programme for young promising startup entrepreneurs.
The programme - named Trive Labs - features a nine-month long project targeting early-stage Singapore startups and will focus on providing support, resources and mentorship for all participants through JustCo, one of Asia's largest co-working communities. It entitles qualified startup entrepreneurs complimentary hot-desking access at the JustCo Lab, housed at JustCo in Marina Square, said the joint statement by Trive and JustCo on Monday.
As part of the JustCo membership, startups in this programme can gain immediate access to JustCo's regional community of more than 17,000 members, ranging from fellow startups, small and medium enterprises to Fortune 500 companies.
On top of that, startups in the programme have access to a suite of JustCo and Trive's business benefits including flexible workspaces, complimentary business services, workshops, exclusive event invitations and community network opportunities. They will also have access to mentors who are "successful entrepreneurs and seniors in the corporate world". The JustCo Lab will also host a series of hackathons and masterclasses to educate and provide more exposure for members.
Trive Labs is designed for entrepreneurs who have successfully attained the Startup SG Founders Grant with Trive as an accredited mentor partner (AMP) or have attained external funding exceeding S$20,000. The startups must also have a defensible tech slant and a positive outlook for regional expansion. The programme is almost fully subscribed and is still garnering interest.
JustCo and its members benefit by being first-in-line adopters of new solutions and innovation developed from the JustCo Lab partnerships. Members can better identify potential business investment targets among these early-stage startups and contribute by being a mentor to the startup ecosystem.
Separately, JustCo has launched an app to serve as a platform to facilitate collaboration among its members and encourage closer interactions across the regional JustCo community.
The JustCo App is a personal virtual passport for JustCo members to enjoy "seamless" access to any centre, book resources conveniently, sign up for exclusive events, enjoy members-only perks, receive community news, submit and track service requests.
Members will be able to build their presence in the JustCo global network with personalised business profiles, match themselves with potential customers and strike meaningful conversations.
In the near future, members can expect an e-store and marketplace function where members can promote and sell their products or services to the whole JustCo regional network. The app will also feature a rewards programme that directly incentivises the user's in-app journey.