“We support our venture builders with the funding, the right processes, and the right infrastructure. Typically, setting up a company from scratch is difficult due to the time and effort needed to raise funds, recruit a team, pitch to potential partners, and attend to administrative stuff, among other things. In 917Ventures, we promise to support venture builders by providing all the resources that they need so they can concentrate on the product and the customers,” said Vince Yamat.
Yamat said that while they are willing to entertain different kinds of business ideas, top priority are still those that already fall within the scope of what 917Ventures is already doing in eCommerce, Fintech, Healthtech and Adtech. “We believe that there are lots of opportunities in these sectors and there are several unmet needs that we still need to find out and solve,” he said.
Anyone with viable ideas related to the 917Ventures focus areas may join Velocity, the company’s newly-launched venture builders program which will initially run for three months. The program seeks to gather and fund the best innovators in Southeast Asia. Talents who manage to build a meaningful product with proven traction will continue in the venture development journey through a seed round, with the ultimate goal of spinning off as an independent entity.