HaxAsia is a new startup accelerator focused on Hardware 2.0 and Internet of Things. The program, sponsored and supported by Ruvento Ventures, Incuvest, BootstrapLabs, DI Group, SpinUp Partners and a few angels, will invest in 10 startups working on amazing consumer hardware products such as smart gadgets, wearables, drones and other connected hardware via a 180 day accelerator program to be held in Singapore, Silicon Valley and China. The program is specifically designed to avoid many of the pitfalls hardware startups struggle with.
The program is flexible in a sense that there is no deadline for the application, the only requirement is that startups need to launch their crowdfunding campaign within 6 months from receiving the accelerator’s funding. The team can get up to USD50K upfront from HaxAsia itself, and up to USD1M from HaxAsia backers, upon successful crowdfunding campaign. In order to qualify for the program, the teams need to demonstrate a functional prototype.