Huawei, one of the largest technology companies from China, will commit to invest $100 million over the next 3 years in Southeast Asia.
The tech giant aims to nurture at least 1,000 startups and 100 scale-ups over the coming years via its Spark initiative, with plans to add four more startup hubs across the region.
"Startups and small and midsize businesses (SMBs)...are the innovators, disruptors, and pioneers of our times. These companies account for two-thirds of jobs worldwide, create two-thirds of new jobs, and generate almost 50% of global GDP", " mentioned Catherine Chen, Huawei's senior vice president and board member.
- Huawei's Spark initiative will seek to incubate and drive startup ecosystems in the Asia-Pacific region.
- The company's current initiatives are already available in Singapore, Malaysia, Hong Kong, and Thailand.
- The 4 new markets will include Indonesia, Sri Lanka, Vietnam, and The Philippines.
- In addition to the creation of new hubs, Huawei introduced 3 startup initiatives that startups can leverage on — It's cloud offerings, Spark Developer Program, and Spark Pitstop Program
- As of today, over 4.5 million developers across 170 markets and regions currently tap its mobile services platform.