INSUBCONTINENT EXCLUSIVE:
Google is bringing its Demo Day event to Asia for the first time this September and now the search giant has opened applications for
startups wanting to take part.
Google Demo Day are akin to a short version of an early-stage startup program
As the name suggests its a Demo Day but without themonths-long program leading up to it
The company instead identifies promising companies, and it works with them ahead of the demo day to give mentoring, coaching and perfect a
pitch that is delivered to VCs and others from Google entrepreneurship network who attend the demo day.
Aside from working closely with
Google and earnings Google Cloud credits, Google says its events help get startups connected and raise capital
To that end,it says that startups which have pitched at Demo Days have raised a cumulative $259 million from investors.
Events have been
held in North America and Europe, with some participating companies from Asia,but this coming event — which takes place in Shanghai on
September 20 — will be the first on Asian soil.
Companies wishing to apply should visit the sign-up sitebefore the deadline ofJuly 1 at
11:59 pm SGT.
The move is a further sign that Google is escalating its presence in Asia, and particularly in China.
In past months, we&ve
seen Google agree to a partnership withTencent,invest in China-based startups —biotech-focusedXtalPiandlive-streaming service Cushou—
andannounce an AI lab in Beijing
Added to that,Google gained a large tech presence in Taiwanvia the completion of its acquisition of a chunk of HTC, andit opened a presence
in Shenzhen, the Chinese city known as ‘the Silicon Valley of hardware.&
Beyond China, Google has made its first direct investments in
Asia-based companies by backing India on-demand service Dunzo and Southeast Asian ride-hailing unicorn Go-Jek.
