{"id":72491,"date":"2022-07-26T12:06:29","date_gmt":"2022-07-26T12:06:29","guid":{"rendered":"https:\/\/pr.asianetpakistan.com\/?p=95539"},"modified":"2022-07-26T12:06:29","modified_gmt":"2022-07-26T12:06:29","slug":"grow-algogroup-partner-to-help-innovative-pet-startups-scale-across-asia-2","status":"publish","type":"post","link":"https:\/\/indonesiatribune.com\/grow-algogroup-partner-to-help-innovative-pet-startups-scale-across-asia-2\/","title":{"rendered":"GROW & AlgoGroup partner to help innovative pet startups scale across Asia"},"content":{"rendered":"
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POUNCE<\/h5>\n<\/div>\n
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GROW & AlgoGroup partner to help innovative pet startups scale across Asia through POUNCE, a five month internationalisation programme.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

SINGAPORE, July 26, 2022 (GLOBE NEWSWIRE) — GROW<\/u><\/a>, the agrifoodtech ecosystem catalyst, has partnered with Hong Kong consumer tech company AlgoGroup<\/u><\/a> to support startups in the fast-growing $270 billion market for pet products and services. The first joint initiative, \u201cPOUNCE\u201d, is an internationalization programme leveraging GROW\u2019s expertise in scaling startups and AlgoGroup\u2019s experience in democratizing brand building via e-commerce services, big data insights, and growth capital.<\/p>\n

POUNCE helps startups expand into Asia remotely using Singapore as a hub. Founders receive coaching from GROW to localize supply chains, scale operations, build their global brand strategy, and finance their pan-Asia expansion. Founders also receive direct access to AlgoGroup as a go-to-market enabler, allowing them to secure early traction by opting in to services such as warehousing, product fulfillment, digital marketing, and product distribution services.<\/p>\n

POUNCE is integrated with GROW\u2019s Land x Launch\"\u2122\"<\/u><\/a> program, helping founders plug into the Singapore agrifoodtech ecosystem and its network of mentors, investors, and partners. POUNCE follows similar programs that GROW has delivered in partnership with Innovate UK<\/u><\/a>, Austrade, and Food Futures Company<\/u><\/a>.<\/p>\n

AlgoGroup has a track record of investing or partnering with independent consumer brands and amplifying cost, revenue, and strategic synergies. In addition to e-commerce services, startups from POUNCE will benefit from AlgoGroup’s network of 120-plus points of sale with leading retail chains in Hong Kong such as APITA, Citistore, Citysuper, GuuSan, HKTVMall, ParkNShop, UNY, and YATA. Earlier this year, AlgoGroup announced a partnership with QPets<\/u><\/a>, one of Hong Kong\u2019s largest pet retailers with around 50 points of sale.<\/p>\n

\u201cThis partnership brings together a comprehensive end-to-end capability from strategic advice to implementation, to secure early wins in Asia through Algo\u2019s e-commerce services and retail channels,\u201d said Joshua Soo, CEO of GROW.<\/p>\n

\u201cGROW\u2019s demonstrated track record of running accelerator programs for startups in the agrifoodtech sector makes them the perfect partner to work with us in identifying and nurturing cutting-edge product concepts,\u201d said Chris Fung, CEO and co-founder of AlgoGroup. \u201cWe\u2019re excited to work with Joshua and his team to grow our presence in Southeast Asia.\u201d<\/p>\n

Applications close 7 August 2022. Apply here<\/u><\/a> if you are a tech or innovative startup in the pet sector working in novel ingredients, new processing technology, gut health, sustainable solutions, or more. For further information, visit www.gogrow.co\/landxlaunch<\/u><\/a>.<\/p>\n

About GROW<\/strong>
\nGROW is an ecosystem catalyst advancing innovation, sustainability, and resilience in the food system. We\u2019re on a mission to inspire and accelerate extraordinary founders who are developing technology solutions that deliver positive impact for people, place, and planet. Through our fund and accelerator programmes we work with startups to supercharge their growth on the global stage. GROW is supported by Enterprise Singapore and backed by leading agrifoodtech VC AgFunder. www.gogrow.co<\/u><\/a><\/p>\n

About AlgoGroup<\/strong>
\nAlgoGroup is a tech-enabled consumer products company, with a strong focus on the pet sector. Algo’s mission is to create a data-driven, collaborative consumer products company by investing or partnering with independent brands, amplifying cost, revenue and strategic synergies. The company currently houses 15 brands with over 120 points of distribution and 5 wholly owned or operated E-commerce platforms. www.algogroup.io<\/a><\/u><\/p>\n

A photo accompanying this announcement is available at https:\/\/www.globenewswire.com\/NewsRoom\/AttachmentNg\/b3646d0b-c304-406b-a0ed-298b0a4ca132<\/a><\/p>\n

Media contact:\r\nRebecca Sharpe\r\nProgramme Manager, GROW\r\nrebecca@gogrow.co<\/a><\/pre>\n<\/div>\n","protected":false},"excerpt":{"rendered":"
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The first joint initiative, \u201cPOUNCE\u201d, is an internationalization programme leveraging GROW\u2019s expertise in scaling startups and AlgoGroup\u2019s experience in [\u2026]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"yoast_head":"\nGROW & AlgoGroup partner to help innovative pet startups scale across Asia - Indonesia Tribune<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/indonesiatribune.com\/grow-algogroup-partner-to-help-innovative-pet-startups-scale-across-asia-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"GROW & AlgoGroup partner to help innovative pet startups scale across Asia - Indonesia Tribune\" \/>\n<meta property=\"og:description\" content=\"POUNCE SINGAPORE, July 26, 2022 (GLOBE NEWSWIRE) \u2014 GROW, the agrifoodtech ecosystem catalyst, has partnered with Hong Kong consumer tech company AlgoGroup to support startups in the fast-growing $270 billion market for pet products and services. 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