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Co-working community sets up startup competition

Feb 14. 2019
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By The Nation

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Hubba, a Thai co-working space and startup community has collaborated with IP Trading Ltd, a Thai manufacturer and distributor of consumer goods, in organising the Hubba Accelerator powered by the IP Trading project in order to seek out the best startups.

Those selected teams will attend free business training and present their business ideas to Thai and foreign investors. The project also offers a chance to win Bt500,000 and business partnership opportunities, it said. Applications are accepted until February 22.

The programme's sponsor, IP Trading, produces consumer goods under brands such as Hygiene (laundry products), Vixol and Whiz (household cleaning) and Dance and Focus (personal care). 

The company says it is determined to help Thai startups identify opportunities for partnerships and business expansion along with Hubba. Another partner is Investible, an Australia-based early-stage investment group that provides high-potential entrepreneurs with the resources to scale a business.

Thiti Thanesvorakul of IP Trading said: “IP Trading was founded with the commitment and passion to create heart-hitting innovations for the future of better living. 

“For almost 50 years, our staff has developed numerous innovations, formulas and products while constantly growing. In this digital era we realise the importance of developing strategic partnerships with people outside the company who share the same passion and technological know-how as we develop innovations to impact people’s lives. 

“In our collaboration with Hubba, we hope to help drive Thai startups toward success, to grow together and jointly deliver innovations to consumers.”

Charle Chareonphana, a co-founder of Hubba, said: “Hubba Accelerator powered by IP Trading is a next-generation accelerator programme that develops the best startup talents without the burden and limitations seen in traditional accelerators. It combines personal sessions and virtual delivery with 1:1 coaching by experts in different domains. 

“Successful candidates will gain access to valuable data and insights as well aa s mentorship with subject matter experts including senior executives from IP Trading and leaders in the startup community. 

“They’ll also have unparalleled access to exclusive Hubba events and networking opportunities with the startup community.”

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