Business Desk: Dhaka, Aug-05,
Huawei recently announced its plan to invest $100
million in startup support at its inaugural Spark Founders Summit, which took
place simultaneously in Singapore and Hong Kong.
The investment would go towards Huawei's Spark
programme, which aims to build a sustainable startup ecosystem in the
Asia-Pacific (APAC) over the next three years, according to the Chinese tech
giant.
Huawei has been helping Singapore build the first
startup hub in APAC since 2020 and has expanded the programme to many countries
in the region in the past year.
At the summit, Huawei also announced that this
programme would focus its efforts on developing four additional startup hubs –
in Indonesia, the Philippines, Sri Lanka, and Vietnam – with the overarching
aim of recruiting 1,000 startups, out of which 100 are scale-ups, into the
Spark accelerator programme.
Huawei Senior Vice-President and Board Member
Catherine Chen said, "We all know how brilliant startups and SMEs are.
They are the innovators, disruptors, and pioneers of our times. These companies
account for two-thirds of jobs worldwide, create two-thirds of new jobs, and
generate almost 50% of global GDP. And 34 years ago, Huawei was a startup with
just $5,000 of registered capital."
"In Asia Pacific, for the Asia Pacific has been
our unchanged commitment for the past two decades," said Jeffery Liu,
president of Huawei Asia Pacific. "Leveraging Huawei's global customer
base and full-stack technologies, the Spark Program will invest over $100
million in the next three years, and provide comprehensive support to build a
sustainable startup ecosystem and create new value for the dynamic
region."
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