Shanghai-based MOX (Mobile Only Accelerator) works from different places in the world, including Taipei. Taiwan offers an excellent launching platform for ventures who look for international expansion into the rest of Asia, says MOX managing director William Bao Bean, according to the News Lens.
The News Lens:
By partnering with promotion partners such as mobile operators in each country, MOX enables the strongest mobile startups from around the world expand into new markets without spending money on customer acquisition.
“The first billion internet users accessed the Internet using their PCs, but the next 4 billion users — Southeast Asia, Eastern Europe, and South America — are mobile-only. Hundreds of millions of users are getting on the Internet with smartphones,” said William Bao Bean, the managing director of MOX.
MOX is operated by the Silicon Valley-based venture capital firm SOSV with US$650 million assets under management. SOSV operates six vertically-focused accelerator programs in different cities around the world, and MOX is the first international accelerator in Taiwan.
“The cost of living and staffing resources [in Taiwan] are relatively low, and there’s a large pool of highly educated professionals suitable for startups. Additionally, for companies looking to expand into Southeast Asia, South Asia, China, and other emerging markets, Taiwan provides an excellent launchpad for international growth,” Bean said.
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