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Moreover, rumors of deeply unethical behavior at accelerators are starting to surface frequently. The most notable example was allegations of fraud at Newchip , a popular virtual startupaccelerator. Another instance of negative press involved the On Deck accelerator, which laid off 25% of its staff in 2022.
Register Antler , a business incubator and startupaccelerator based in Singapore, has successfully raised $285 million for its emerging growth fund, Antler Elevate. This demonstrates the high level of trust in Antler’s ability to identify and nurture promising startups.
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