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JFDI dumps S'pore's first accelerator programme
It cites high costs, tight tech talent and immigration curbs here for exit
Published Thu, Sep 15, 2016 · 09:50 PM
Singapore
THE Republic's first startup accelerator, JFDI, is closing its startup boot camp programme in Singapore. This comes after it has raised some S$3 million to support over 70 startups, and is said to be a stalwart of not just Singapore's, but South-east Asia's tech startup ecosystem.
JFDI chief Hugh Mason broke the news in a blog post on Wednesday, saying that in the six years since JFDI started, the "global startup ecosystem has evolved and accelerators including JFDI must evolve with it".
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