Australia-based accelerator, Haymarket HQ, in an exciting announcement on Thursday, launched the Southeast Asia Tech Immersion Mission. This initiative, backed by Investment NSW, is focused on assisting tech firms and investors from Sydney’s tech hub, Tech Central, to extend their reach into Southeast Asia’s vibrant tech ecosystem.
Scheduled to span nine days, the immersive program invites founders and investors to uncover potential opportunities in three strategic tech hubs in the region: Indonesia, Singapore, and Vietnam. A maximum of fifteen delegates from Tech Central will join this unique journey, expanding their understanding of the Southeast Asian (SEA) tech market, increasing their access to capital, establishing customer connections, and broadening their network.
Haymarket HQ highlights SEA as a significant growth area for Australian tech enterprises and investors. The region is recognized globally for its rapidly expanding middle class, influential family offices, dynamic venture capitalists (VCs), and emerging tech companies.
Three countries, namely Indonesia, Singapore, and Vietnam, were chosen for the trade mission. Each offers unique and potentially lucrative opportunities for tech businesses and investors. Indonesia, with the largest population in SEA, boasts a swiftly developing middle class and tech sector. Singapore, hosting SEA’s largest family offices, VCs, and syndicates, is an ideal springboard for regional expansion. In contrast, Vietnam, one of Australia’s fastest-growing trading partners, is teeming with tech talent.
The SEA Tech Immersion Mission leverages Haymarket HQ’s proven methodologies that have guided over 800 companies in their expansion across the Asia Pacific (APAC) region. Tech Central-based private investment group, Arkblu Capital, supports the mission. With offices in both Sydney and Jakarta, Arkblu Capital offers delegates access to their established networks in the region, making the right introductions that cater to both SEA’s subtleties and Australian businesses’ demands.
Duco van Breemen, CEO at Haymarket HQ, shared that Southeast Asia represents the next frontier for tech companies and investors. The region’s ecosystem is ripe with opportunities, home to the world’s fastest-growing middle class, globally significant family offices and VCs, and a vast pool of tech talent powering Australian tech companies.
Arkblu Capital’s CEO, Francisco Widjojo, added that Southeast Asia, despite its proximity, has remained largely untapped by Australian businesses. He emphasized that the region, particularly Indonesia, Singapore, and Vietnam, offers immense potential to tech companies and investors.
Applications for the SEA Tech Immersion Mission are open until 13 August 2023. The program is open to tech companies and investors from Tech Central, as well as other NSW-based companies that meet the criteria. The selected participants will be notified by late August.
The news is based on an article on technode.global.