CLAS Expara Vietnam Accelerator (CEVA)
CLAS Expara Vietnam Accelerator (CEVA) is the first venture-funded accelerator in Vietnam that enables first-stage entrepreneurs to catapult their businesses to the next level initiated by Microsoft Vietnam, Expara – Singapore's pioneer and leader in incubation, early-stage venture capital, entrepreneurship, VC and innovation training, mentorship and advisory work and CLAS – a high tech software service company of SHTP Microsoft Innovation Centre which empower entrepreneurs with state-of-the-art Internet, Mobile technology and software to aggressively grow and master their businesses.
The program is intended for start-up and early-stage companies based in Vietnam who are about to push their ideas/product to market or before raising their first seed funding.
Within CLAS Expara Vietnam Accelerator (CEVA) program framework, Microsoft Vietnam will provide startups the opportunity to access Microsoft technology including BizSpark and BizSpark Plus package with the total value of $147,000 within 3 years. Microsoft Vietnam also develops Go-To-Market Plan with startups whose solutions meet the needs of Microsoft customers. CLAS will provide the facilities, management, and operation of the Accelerator. Expara Vietnam will provide the workshops on entrepreneurship, business plan and model, competitive strategy, fundraising and financial plan and investor pitching (valued at $10,500). Expara Ventures III will invest $10K into each startups in the form of a SAFE and will invest up to $500K in successful graduates after Demo Day (subject to Investment Committee approval and successful due diligence).
CEVA’s first batch ran for 120 days from December 2015 to April 2016 and graduated seven startups. Our first Demo Day in April 8, 2016 was attended by more than sixty investors.
You can view more details about our CEVA Batch 1 graduates HERE
CEVA's second batch ran simultaneously in Ho Chi Minh City and Danang. Here are some impressive numbers from Batch 2: 120 applicants, 31 shortlisted companies and 8 graduated teams. We had our Demo Day for Batch 2 last December 10, 2016 in which our incubated teams pitched their ideas in front of around 70 invited VCs and Angel Investors.
HERE are some snippets of our CEVA Batch 2 graduates.