What ImpacTech does

ImpacTech is a Singapore-headquartered corporate accelerator and innovation services firm founded in 2015 by entrepreneurs Kineret Karin and Yoav Elgrichi. The company positions itself as an outsourced innovation partner for organizations, designing and executing corporate accelerators, innovation challenges, hackathons, venture building programs, innovation bootcamps, and bespoke engagements. It targets four customer segments: corporates and businesses seeking startup ecosystem access; foundations, NGOs, and government agencies running impact-driven programs; universities and educational institutions fostering entrepreneurship; and early-stage social-tech startups. Its portfolio includes named programs such as the Nippon Foundation Social Change Makers (Japan), Singtel Future Makers, Shell #IdeaRefinery, TCEB MICE Acceleration Program, ADB PROFIT Accelerator, Startup SG Founder mentorship, and the Women Spark SEA initiative.

ImpacTech operates across Singapore (HQ at 20A Tanjong Pagar Road), Thailand (Bangkok, launched November 2016), and Japan (Tokyo, launched 2018), with a lean team of 1–10 employees. The company's proprietary assets are its scouting and screening model, its 300+ community members, its 100+ mentor network, and an alumni ecosystem of 250+ startups. It has been recognized as Best Accelerator in Asia (Asia Tech Podcast, 2020) and 2nd Best Accelerator in Asia (2018). The firm does not develop proprietary technology products; its intellectual property resides in program design methodology, partnership relationships, and founder-led execution credibility.

Revenue is generated through professional services fees for customized corporate programs, grant-funded foundation/NGO program execution, university program delivery, and managed mentorship services under Singapore's Startup SG Founder scheme. Pricing is quote-based with multi-year contracts. Disclosed scale metrics include 200+ programs and workshops delivered and 100+ corporate customers served, but the company has not publicly disclosed revenue, ARR, or headcount growth. The sole disclosed funding round is a $100,000 seed in December 2015, and the company remains privately held with no parent, M&A, or institutional investor activity on record.

Name

ImpacTech

Legal name

ImpacTech

Website

https://impactech.com

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

1–10 employees

Short description

ImpacTech is a Singapore-headquartered corporate accelerator founded in 2015 that designs and runs bespoke innovation programs (corporate accelerators, hackathons, venture building) for enterprises, foundations, governments, and universities across Singapore, Thailand, and Japan, with a focus on social-tech startups.

Ownership category

akta.pro rank

Product category

Corporate Innovation & Startup Acceleration Services

SIC

Services-Management Consulting Services (8742)

akta.pro primary industry

Corporate Accelerators & Startup Programs (FSANAHAD)

akta.pro secondary industry

Impact / ESG Venture Capital (FSANAAAG)

Keywords

• Corporate innovation programs
• Startup accelerator services
• Social tech ventures
• Innovation capacity building
• Venture building programs

Headquarters

HQ city

Singapore

HQ country

Singapore

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others

Revenue model

1. Corporate Accelerator Programs: ImpacTech designs and executes customized corporate accelerator programs for businesses seeking to outsource their innovation initiatives. These are fee-for-service arrangements where organizations pay for acceleration programs, workshops, hackathons, and innovation bootcamps tailored to their innovation goals.
2. Foundation & NGO Program Execution: ImpacTech partners with foundations and government agencies to execute impact-driven programs for social enterprises and social-tech ventures. These programs may be grant-funded or fee-based arrangements.
3. University & Educational Institution Programs: Programs and workshops for universities and colleges focused on innovation and entrepreneurship education, generating revenue through consulting and program delivery fees.
4. Startup Support Services: As an Accredited Mentor Partner (AMP) for Singapore's Startup SG Founder grant, ImpacTech provides mentorship support and receives funding through this government scheme to assist first-time entrepreneurs.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

ImpacTech designs and executes customized corporate accelerator programs, innovation challenges, venture building engagements, hackathons, bootcamps, and bespoke innovation initiatives for corporates, foundations, government agencies, and educational institutions. It connects large organisations with disruptive startups through a proprietary scouting and screening model, while running cohort programs for social-tech startups. Services are delivered across Singapore (HQ), Thailand, and Japan.

Product overview

ImpacTech operates as a startup accelerator and capacity builder offering a portfolio of programs and services focused on social tech. The core offerings include Corporate Accelerators, Venture Building, Innovation Bootcamps, Hackathons, Innovation Excursions, Mentorship & Coaching, and Bespoke Programs. Their portfolio spans named initiatives including the Women Spark SEA Program for female entrepreneurs, Nippon Foundation Social Change Makers in Japan, PROFIT Accelerator Programme (ADB partnership), Startup SG Founder grant assistance, Singtel Future Makers partnership, and Shell #IdeaRefinery corporate accelerator. Programs are delivered across Singapore (HQ), Thailand, and Japan, serving startups, corporates, foundations, and educational institutions.

Differentiator

Problem solved

Functional benefit

Products and services

• Corporate Accelerators Acceleration programs connecting corporates with disruptive startups for innovation initiatives, including internal innovation challenges for employees; designed for enterprises seeking outsourced innovation execution.
• Venture Building Building new ventures from concept to scale with practical knowledge and effective tools for founders; a service for organisations seeking to create or incubate new business ventures.
• Innovation Bootcamps Intensive programs for startups and corporate employees focused on developing innovative solutions and practical skills; delivered for universities, corporates, and foundations.
• Hackathons Innovation competitions bringing together developers and entrepreneurs to create new software projects addressing social issues; commissioned by corporates and government bodies.
• Innovation Excursions Study tours and international visits to expose participants to global innovation ecosystems; offered primarily to universities and corporate delegations.
• Mentorship and Coaching One-on-one mentoring and coaching support for startup founders and entrepreneurs throughout their journey; delivered as part of accelerator programs and as a standalone business coaching service.
• Bespoke Programs Customized programs designed for specific organizational needs including innovation challenges and unique initiatives; tailored to client objectives and delivered on a quote basis.
• Women Spark SEA Program Acceleration bootcamp for female founders from Indonesia, Malaysia, Singapore and Thailand, providing dedicated mentors and a supportive environment to maximize venture potential; supported by the Canada Fund for Local Initiatives.
• Nippon Foundation Social Change Makers Bilingual (Japanese/English) accelerator program in Japan supporting early-stage startups with global growth ambitions, featuring workshops, masterclasses, personal mentors, and prize money up to 1 million JPY with potential investment from partners such as the Social Impact Investment Foundation.
• PROFIT Accelerator Programme Partnership with the Asian Development Bank (ADB) providing Thai SMEs opportunity to enhance manufacturing capabilities and productivity through internationalization in India, including training, mentorship, regulatory assistance, and financing support; managed by IMC Worldwide, ASSISTAsia and Bombay Chamber of Commerce.
• Startup SG Founder Grant program providing up to $50,000 by matching $5 to every $1 raised, with ImpacTech as Accredited Mentor Partner assisting first-time entrepreneurs with advice, learning programs and networking contacts.
• Singtel Future Makers Social innovation programme with $140,000 grant pool offering 1-1 coaching, competency workshops, alumni networking, and potential commercialization access to Singtel Group; top startups progress to the Singtel Group Asia Pacific Future Makers programme.
• Shell #IdeaRefinery

Quantifiable outcome

• JPY 70 million (~USD 650,000) invested in cohort #1 startups from Social Impact Investment Foundation
• +2 more outcomes

Named customers5 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

15 partnerships are on record, tiered core and minor.

• Nippon FoundationcoreStrategic or Co-development PartnerLong-term partnership to power the Social Change Makers accelerator program in Japan. Multiple cohorts delivered with funding support including potential grants of JPY 10,000,000+ per startup. Program focuses on social-tech startups creating positive impact in Japan.
• SingtelcoreStrategic or Co-development PartnerProgramme partner for Singtel Future Makers, a social innovation programme supporting startups creating impact. ImpacTech delivers the acceleration program with $140,000 grant pool. Multiple cohorts delivered with startups progressing to regional programs.
• ShellcoreStrategic or Co-development PartnerPartnership for Shell #IdeaRefinery accelerator program. ImpacTech selected and accelerated startups focused on energy and sustainability innovations, showcased at Shell Make the Future Singapore festival.
• Enterprise SingaporecoreStrategic or Co-development PartnerAppointed as Accredited Mentor Partner (AMP) for the Startup SG Founder Grant scheme. Receives funding to support first-time entrepreneurs with mentorship and program delivery.
• Asian Development Bank (ADB)coreStrategic or Co-development PartnerPartnership through the PROFIT Accelerator Programme to provide SMEs in Thailand opportunities for internationalization in India. ADB initiative managed by IMC Worldwide, ASSISTAsia and Bombay Chamber of Commerce.
• TCEB (Thailand Convention & Exhibition Bureau)coreStrategic or Co-development PartnerPartnership for MICE Acceleration Program in Thailand. ImpacTech serves as implementation partner designing and executing the innovation challenge competition and acceleration program for MICE industry startups.
• AVPN (Asian Venture Philanthropy Network)minorGTM or Marketing PartnerRegular participation in AVPN Annual Conference where startups showcase and receive investor introductions. Multiple years of partnership presenting at conferences in Hong Kong, Bangkok, and other locations.
• raiSE SingaporecoreStrategic or Co-development PartnerImplementation Partner for raiSE Incubation Programme supporting social enterprises. 9 social enterprises in 6-month acceleration program focused on growing SE impact.
• KP Venture PartnerscoreChannel Partner/ Reseller/ DistributorLocal partner for ImpacTech Thailand operations, helping establish and expand the social tech startup ecosystem in Thailand.
• Singapore Enablers Network (IEN)coreStrategic or Co-development PartnerFounding member of IEN, a network of innovation enablers facilitating corporate co-innovation and startup collaboration. Minister of Trade and Industry attended launch event.
• ASEANcoreStrategic or Co-development PartnerSelected as Singapore representative for ASEAN-JAIF Project (ASEAN Business Incubation Network) promoting competitiveness through regional business incubation.
• World BankcoreStrategic or Co-development PartnerProvided unique Startup Bootcamp for World Bank's Innovate4Climate competition finalists from Peru, Russia, Rwanda, South Africa. Continued 6-month mentorship support for startup growth.
• True Digital ParkminorGTM or Marketing PartnerHost venue for ImpacTech Thailand meetups and programs, bringing together impact-driven innovators, startups, investors, and techies in Bangkok.
• MASHAV (Israel)minorStrategic or Co-development PartnerJoint collaboration with MASHAV & Singapore Cooperation Programme for international workshop on entrepreneurial ecosystems, accelerators, and support systems.
• PWCminorGTM or Marketing PartnerGuest appearances at PWC Technology for Shared Value events, connecting with enterprise clients and ecosystem leaders.

Scale indicators6 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• Startupbootcamp: Global accelerator network running industry-specific programs (FinTech, InsurTech, Smart Cities) with corporate partners. Comparable as a corporate-partner-led accelerator with verticalized program design and similar GTM to corporates.
• Founders Factory: Corporate-backed venture builder and accelerator that designs bespoke programs for large enterprises (e.g., Aviva, L'Oréal). Comparable as a venture-building and accelerator operator delivering custom innovation programs for corporates, the same core offering as ImpacTech.
• Antler: Global early-stage investor and accelerator with strong APAC presence in Singapore, Indonesia, and Vietnam. Comparable as a founder-focused accelerator running cohort programs targeting impact and tech startups in the same geographies as ImpacTech.
• MassChallenge: Global non-equity accelerator running impact and industry-specific programs with corporate partners. Comparable as a mission-driven accelerator delivering programs that combine startup acceleration with corporate innovation outcomes.
• Brinc: Hong Kong-headquartered global venture accelerator and investor with strong APAC presence running sector-specific programs (cleantech, foodtech, IoT) with corporate and government partners. Comparable as an APAC-based accelerator delivering bespoke programs targeting impact-driven startups.
• Plug and Play Tech Center: Global corporate accelerator and venture platform running multi-corporate accelerator programs across verticals and geographies. Directly comparable as a third-party operator executing bespoke innovation programs for large enterprise clients.

Broad incumbents

• SOSV: Global accelerator VC running multiple vertical-specific accelerator programs (HAX, IndieBio, dlab) with corporate partnerships. Comparable as a multi-program accelerator operator combining program execution with follow-on investment.
• Techstars: Largest global accelerator network with thematic and corporate partnership programs. Comparable as an established accelerator operator with multi-region presence, though significantly larger scale than ImpacTech.
• BCG X (BCG Digital Ventures): Corporate venture builder arm of Boston Consulting Group that builds new ventures and runs innovation programs for enterprise clients. Comparable as a large-scale innovation services operator serving the same corporate buyer segment as ImpacTech.

Regional players

• NUS Enterprise (Block71): Singapore-headquartered university-affiliated innovation hub running incubators, accelerators, and corporate innovation programs across Southeast Asia. Comparable as a Singapore-based ecosystem player running social-impact and startup programs with similar client base.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UCAQmBcOA_mWZzyqF2vWQabw/featured
• Facebookfacebook.com/impactech.co
• LinkedInlinkedin.com/company/impactech-asia

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about ImpacTech