Who can apply to the DVA program?
The DVA program is focused on Thailand based startups or startups with at least one Thai co-founder, that aim to disrupt their industry and expand globally.
What do I have to do in order to join the program?
Complete the application form, try your best to help us in understanding your startup, we will then be in contact for further interviews after screening applications.
How long is the program?
It is 6-month cohort-based program with an optional extension.
What happens at Digital Ventures Accelerator?
DVA provides mentorship workshops, education on all know-how and advise for speeding up the growth of startups, such as legal knowledge, direction of managing the startups, etc. We would like our DVA companies to be in Bangkok for the duration of the mentorship sessions, where we could meet and conduct classes at least once a week, our goal is to speed up the growth of the startup in a short period of time. We also organize startup events where a network of founders from other startups could meet and exchange exciting ideas, our DVA companies will have the premium opportunity in building up networks with like-minded entrepreneurs, mentors, speakers and investors.
What if I have an office, do I have to work at your office space?
We offer an optional office space for your startup’s operation during your stay in our program. It’s not mandatory to work at our office space. However, our mentorship meetings and all classes are mandatory in our office in Bangkok, on various situations we could also arrange Skype meetings.
Do I have to incorporate my company?
No. We focus on founders and ideas. However, in order to receive 300,000 baht grant or follow on investment, the company needs to be incorporated.
What is unique about the Digital Ventures Accelerator program?
Digital Ventures is a customer-acquisition focused accelerator. We collaborate with other accelerators as well as leveraging on our 12 million of Siam Commercial Bank customer base and the cutting edge technology to support the startup to grow exponentially.
Does DVA take equity in startups?
Depends. Every team selected into the program will receive 300,000 baht in grant money which means we don’t take equity. During the program, if we decide to invest further in your company, we take 7% of equity with a minimum investment of 1,000,000 baht.
How does the mentorship work?
DVA companies will have to attend weekly mandatory mentorship workshops in a duration of around 12 weeks. Depending on your products and business models, we will hand pick a mentor that matches what you need for the exponential growth.
Does it have to be a FinTech company in order to apply to the DVA program?
No. At DV we believe in any disruptive innovation, if you think your startup and products are unique and have the potential, apply.
How many companies will be selected?
We plan to select 10 companies every batch. However, our standard is very high, so that it’s not a must for us to pick up to 10 companies and we are willing to accept more than 10 companies if the companies meet our standard.
What if my program is not finished after 6 months?
We understand that different types of startups would require different amount of time to develop, the program is designed for 6 months, but if the startup is not ready, you could extend your stay and prepare for the next demo.