KUALA LUMPUR, Oct 19 (Bernama) – Ping An Cloud Accelerator has selected 10 innovative companies as its first cohort members out of 120 applicants from 30 countries around the world recently.
These companies were mentored by 90 industry and thought leaders. After the three-month acceleration journey, they have optimized and upgraded their technologies, products, business models and market-oriented operations. All the companies achievements were showcased at the D-day in Shenzhen, China recently.
After the acceleration program, 50 per cent of the members registered their entities in China, signed multiple strategic and technical cooperation agreements and their total post-money value surged 283 per cent.
The “Ping An Cloud Accelerator Powered by SparkLabs” program has been designed to prepare innovative technology companies with aspirations and commitment to enter the China market.
The program was initiated by Ping An Group, one of the largest insurance and financial institutions globally, supported by the Futian Government in Shenzhen China and sponsored by SparkLabs, a globally renowned accelerator and venture fund.
Chief product officer of Ping An Technology and General Manager of Ping An Cloud BU, Ricky Ou said the companies were able to bring their cutting-edge solutions to Ping An’s businesses, clients and ecosystem and most importantly, Ping An Cloud was the base platform for these initiatives.
“As a result, they demonstrated that their solutions are scalable and can truly create value for their customers,” he added.
At the D-day event, Ping An Cloud Accelerator also announced that the recruitment of the second cohort is underway and it carries the new 5-month acceleration format.
--BERNAMA
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