Today saw the official announcement of Startup Labs, a brand new seed investment fund based in the USA, which is aiming to disrupt the startup scene by reinventing the traditional incubation process. The first program of its kind in the world, Startup Labs Taiwan will begin at Microsoft Taiwan’s Taipei headquarters on February 10, 2012, and run through early March.

Startup Labs is run by Clint Nelsen, Arkady Moreynis, Tugce Ergul and is partnering up with local giants in every country where they host their programs. Startup Labs aims to get teams running at a very fast pace, get them validating their products in only 3 weeks and defining revenue and user targets. In each city, a local partner will help support the program preferably investing half of the funds required. Startup Labs managing director Clint Nelsen, who is also the co-founder of Startup Weekend, sees the Taiwan market as the perfect launch pad to take the program to over 100 cities worldwide in its first two years. By leveraging the Startup Weekend network, a network that currently runs across 67 countries, Startup Labs aims to shake up the traditional, 3-month incubation concept that has grown in popularity after the model was defined by Y Combinator. The program is heavily backed by famed Russian entrepreneur and investor Arkady Moreynis, who has been behind some of Russia’s most innovative web companies, including price.ru and Moscow incubator Glavstart.

Startup Labs Taiwan is co-organized by Yushan Ventures, an early-stage Taiwan-based angel investment firm which also brought Startup Weekend to Taiwan, and Microsoft BizSpark Taiwan, a startup incubation program which focuses on software innovation and supporting startups’ success by providing software, cloud bandwidth and linking them with potential investors.

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Jason Lim

Jason is an Australian born Chinese living in Beijing, specializing in entrepreneurship, start-ups and the investment eco-system in China, especially in the tech and social area.