30 Mar 2016 – Lithan announced today the launch of their startup acceleration program specifically for PMETs supported by MOM, WSG and NTUC. The Startup Accelerator Programme is a 3-month full-time programme to empower PMETs with multidisciplinary startup skills in innovative venture creation, digital marketing, business development and startup management.
Participants will be given personalized mentoring from startup’s practitioners on product development and market validation of their idea. At the end of the incubation period, there will be a pitching and judging session to potential investors
Lithan has also curated industry partners to support the applicant in the execution of their business plans. Red Dot Ventures will provide participants with free usage of their co-working space for 6 months if they decided to start their business after completion of the program. For participants who completed the programme but decided not to start their own business, they will be given job placement support to assume an entrepreneurial job role in startups.
Lithan’s CEO, Leslie Loh, said, “Most accelerator programmes support only a select few startups with experienced founders who have already launched their startup. We would like to be more inclusive and reach out to aspiring entrepreneurs with essential domain knowledge whom we can empower with startup skills and support to build their idea and business. We look beyond just supporting highly scalable tech startups but also nurturing sustainable innovative ideas.
Finally, we do not take any equity from the participants given that the program will be partially funded via Skillsfuture from WSG where they will receive monthly cash training allowance on a reimbursement basis, during the 3-month incubation period with up to 90% of the programme fee.”
The programme is expected to start in June 2017 and will be open to Singaporeans/PRs only.
Lithan is a digital skills accelerator delivering Learning and Mentorship – on-demand. We are the lifelong career progression and learning partner of individuals and a total talents and training solutions provider for enterprises. We have 7 fully-equipped campuses across Asia that allow us to customise our delivery to fit the specific needs of learners. We measure our success on our ability to enhance our learners’ job performance and deliver tangible outcomes for their employers. Visit www.lithan.com
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