New MOX Accelerator to Create Apps for the Next 4 Billion Mobile Phone Users

Industry: Start-Ups

MOX aims to help best-of-breed mobile startups become dominant players in countries where mobile phones are the first or only way users access the internet.

Taipei, Taiwan (PRUnderground) January 18th, 2016

MOX, SOSV’s Mobile-Only Accelerator, kicked off its program in Taipei with eight companies selected from hundreds of applicants. The companies are from Spain, India, Israel, Hong Kong, Korea, China and the US, and range from early stage to global players with millions of existing users. MOX aims to help these best-of-breed mobile startups become dominant players in countries where mobile phones are the first or only way users access the internet.

“MOX is the world’s first accelerator focused on mobile solutions targeting the next four billion smartphone users,” says Alvin Wang Graylin, MOX Program Director. “Every MOX participant receives  an unfair advantage from the moment they enter our program as we provide essentially unlimited free marketing to hundreds of millions of users.”

Over each two month program, the startups will receive support from some of the best digital minds, entrepreneurs, and industry leaders. MOX’s strategic partnerships with leading handset makers, carriers and software vendors provide its participants instant access to hundreds of millions of mobile users at no cost to them, as well as a vast mentor network including more than 60 mobile industry experts.

“Most app startups like us spend a huge portion of their budget on user acquisition. But as a MOX participant, we don’t have to since they give us unlimited marketing resources to ramp users rapidly. MOX is also bringing us to new markets and giving us a ton of support that we will drive real-world success,” says Hyunjae Choi, CEO of Taggle.

Traditionally, early stage companies struggle to expand beyond their home markets and especially into emerging markets where monetization can be difficult.

“Mobile startups depend on rapid user growth and a viable revenue model to be successful.  This is why we created MOX, where we can deliver both automatically to our batches.  No other accelerator can help startups ramp revenue and users around the world the way we can,” says William Bao Bean, Investment Partner, SOSV. “We are also fortunate to have Alvin, a seasoned mobile-industry entrepreneur, as the program director. I’m confident he will lead MOX to become the leading accelerator targeting mobile-only markets globally.”

MOX will hold two demo days for the its first batch on March 1st (Taipei) and March 3th (Singapore).  Interested qualified investors please contact us directly via the email below.

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Learn more about the companies that make up our first batch below.

Bubbleye

Using AI algorithms and proprietary machine learning, Bubbleye sorts through hundreds of millions of data points to understand the relationships between users and mobile games to optimize mobile ad targeting with blazing fast APIs. (http://tech.bubbleye.com)

Demyst Data

DemystData helps unlock access to financial services for consumers by leveraging structured and unstructured data. We partner with the biggest global banks and insurers and help them acquire 20% more customers, without additional risk. (www.demyst.com/)

Down

World’s most honest dating with over 3 million singles using it worldwide. (www.downapp.com/)

Gift on the Go

Cross-border platform for offline and online gifts. Users can send flowers, cakes and number of e-gift vouchers through this app. (itunes.apple.com/us/app/id898411187)

Kitcut

Using intuitive tools Kitcut will revolutionize the way people create, share, and enjoy memes and visual mashups. Users can translate any thought into a visual image in seconds and share with anyone. (www.kitcut.me/)

Mybrana

Mybrana is the social network that uses augmented reality to easily create a more interactive and fun world. Users can add real-time effects onto people and places, creating a mixed reality that can be watched and shared. (www.mybrana.com/)

Taggle

Mobile cloud based photo storage and management platform.  Taggle is a smart photo gallery taking the pain out of searching and tagging photos, tag photos with one-touch so you can find the ones you want in seconds. (www.taggle.co/)

Tappytoon

TappyToon is a “Netflix for comics” bringing hit titles from Korea to global readers. (www.tappytoon.com/)

For further press inquiries, please contact MOX: moxpress@mobileonlyx.com

About SOSV

SOSV – The Accelerator VC – is a US-based US$250M venture fund operating six global accelerator programs: MOX for mobile software (Taipei), IndieBio for biotech (San Francisco, Cork), HAX for hardware (Shenzhen, San Francisco), Chinaccelerator for Internet (Shanghai), Urban-X for smart cities and Food-X for restaurants (NYC).  SOSV invests in over 150 companies per year and over its two-decade history has a net realized IRR of over 30%, putting it in the top 5% of private equity managers in the world.

About MOX

MOX — SOSV’s “Mobile-Only Accelerator” located in Taipei — enables mobile apps, platforms and services from around the world to reach hundreds of millions of mobile-first, mobile-only users. Through strategic partnerships in the mobile industry, MOX maintains a competitive advantage that allows its participants rapid penetration into emerging mobile markets. We aim to bring best in breed mobile solutions from mature markets to the next 4 billion smartphone users who most need them.

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