With 635 million inhabitants, the Southeast Asian market can be full of opportunities for French startups strong enough to attempt the adventure internationally. It is to support them in this process that the entrepreneurs Sofian Meguellati and Fabrice Tranier have just launched the accelerator Avant-garde, based in Singapore. The goal will also be to be able to promote these startups in seven other countries: Indonesia, the Philippines, Malaysia, Vietnam, Thailand, Cambodia and Laos.
“The spotlight of France is really turned towards Asia”
For Sofian Meguellati, the current economic climate in the region is particularly interesting for French entrepreneurs. ” For startups, it’s a big boom. There was $ 8 billion in funds raised last year. In addition, the spotlight of France is really focused on Asia. For example, it is the year of France-Singapore innovation and many partnerships have been signed. Prime Minister Édouard Philippe was in Vietnam last week to sign 10 billion euros in contracts, and the European Union, a few weeks ago, ratified a new free trade agreement with Singapore to encourage investment ”, he describes.
“Qa few sectors are still more promising than others», Concedes the co-founder who quotes e-commerce / retail, FinTech, manufacturing and smart city.
AvantGarde is aimed at post-series A startups. Once there, each promotion of 5 startups will be accelerated for 6 months.
To find out more about the growth sectors, the success stories in the region, find the full interview with Sofian Meguellati, co-founder of AvantGarde: