With the support of the Australian Government, GALI is working to increase understanding of acceleration and early stage ventures in Asia-Pacific. This data summary includes information from 845 ventures operating in Asia-Pacific, contributed by 71 accelerator programs.
This summary often compares data from the Asia-Pacific region to the global sample. When possible, the region is also broken down into two sub-regions, including Southeast Asia (ASEAN) and South Asia.
Key takeaways for ventures in Asia-Pacific:
- Ventures were more likely to report prior-year revenue, employees and philanthropy in comparison to the global sample.
- The most common form of financing was philanthropic support, with roughly one-third of ventures having raised philanthropic capital at the time of application to an accelerator.
- 56% of ventures applying to accelerators had a woman on the founding team, and 21% were all-female teams. At the time of application, these all-female teams were more likely to report revenue but less likely to report investment in comparison to all-male and mixed-gender teams.
- Ventures with prior acceleration or intellectual property more often reported revenue, employees, and investment at the time of application than those without.
Key takeaways for ventures in ASEAN and South Asia:
- 70% of ASEAN ventures were earning revenue at the time of application to an accelerator, a greater portion than the broader Asia-Pacific region and global samples (60% and 48% respectively). ASEAN ventures were also slightly more likely to report equity investment.
- 69% of ventures in the ASEAN sample have a woman on the founding team, compared to only 39% in South Asia. Similar to the broader Asia-Pacific region, teams with women were more likely to report revenue but less likely to report equity or debt.
- 80% of ventures in the South Asia sample reported having employees at the time of application. This exceeds the Asia-Pacific and global samples (68% and 61% respectively).
- None of the all-female founded ventures in the South Asian sample reported debt investment at the time of application.
A recording of the webinar held July 24, 2019 going over key insights from the data summary and upcoming GALI activities can be found here.