Huawei to invest US$100-M in Asia Pacific startup ecosystem

Published: August 4, 2021

INVESTMENT. Huawei announced it is investing USD100 million in Asia Pacific Startup Ecosystem over 3 years at the inaugural Huawei Cloud Spark Founders Summit, which took place simultaneously in Singapore and Hong Kong on Tuesday (Aug. 3, 2021). Huawei said the investment would go towards its Spark Program in the Asia Pacific region. (Photo courtesy of ANTARA

SINGAPORE â€“ Huawei announced on Tuesday its plan to invest USD100 million in startup support at the inaugural Huawei Cloud Spark Founders Summit, which took place simultaneously in Singapore and Hong Kong.

Huawei said the investment would go towards its Spark Program in the Asia Pacific region, which aims to build a sustainable startup ecosystem for the region over the next three years.

Huawei has been helping Singapore, Hong Kong, Malaysia, and Thailand build their startup hubs.

At the summit, Huawei also announced that this program would focus its efforts on developing four additional startup hubs — in Indonesia, the Philippines, Sri Lanka, and Vietnam — with the overarching aim of recruiting a total of 1,000 startups into the Spark accelerator program and shaping 100 of them into scale-ups.

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