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More opportunities for Singapore tech startups in Europe

Singapore’s Global Innovation Alliance (GIA) network is expanding. With a Memorandum of Understanding (MoU) signed between Enterprise Singapore, the Economic Development Board (EDB), and the German Accelerator Southeast Asia (GASEA), Germany is officially the latest addition to the GIA network. Under the terms of the MoU, startup collaboration between Singapore and Germany will strengthen, and more Singapore startups can look forward to expansion to Germany and Europe.

Get Ready for Scalerator

The three partners will collaborate on a two-year program called “Scalerator”. More than forty Singapore-based startups will be supported to enter the German market and access the local and wider European markets.

Startups in areas such as 3D printing and precision composite solutions, clean teach, deep tech, digital health, information and communications technology, insuretech, IoT and Smart Energy may express their interest in the program using the following link.

Beginning in the first quarter of 2019, Scalerator will be rolled out in two phases.

In the first phase takes place in Singapore. The program will cover market familiarity, preliminary tech evaluation and product-market fit assessments. It will also include an optional market immersion trip to Germany at the conclusion of the first phase.

Should the startup be assessed to be ready to enter the German market, the second phase commences. In this stage, the startup will have the opportunity to immerse themselves into the German ecosystem. Here, they will gain first-hand experience of the local market, build the necessary connections with local mentors and suitable German Mittelstand. They will also understand local employment and regulatory guidelines.

Strategic Partnership

Mr Jonathan Lim, Enterprise Singapore’s Director for Startup and GIA said, “Germany is an innovation hub and home to world-renowned companies and research institutions, making it a strategic base for Singapore deep tech startups to access the European market. The partnership with German Accelerator marks the launch of our GIA network in Germany. It will enable Singapore startups to leverage on Berlin and Munich to identify business and co-innovation opportunities for Germany and the European market.”

Germany’s expertise lies in manufacturing and environmental technology. It has clinched the title of world’s third largest goods exporter with machinery and automobiles among its top exports. This provides Singapore startups a wealth of opportunities to partner with German Mittelstand in many areas to co-innovate solutions. Germany can be used as an important reference market to enter Europe.

Singapore and Germany already share a close partnership in the areas of trade, innovation and talent development. By including Germany in the GIA network, the existing partnership will be further strengthened and startup growth is possible. Overall, there are opportunities for the ecosystem to yield positive effects on both economies.

Mr Claus Karthe, Founder and CEO of German Accelerator Southeast Asia said, “As the newest Global Innovation Alliance network partner for Singapore, Germany stands as an ideal and very centrally located point of entry to Europe’s prosperous economy for Singapore’s startups. It offers a multicultural landing pad with access to capital, talent, and a vibrant international community of founders. Together with Enterprise Singapore and Singapore Economic Development Board, the Scalerator program will provide a platform for fruitful cooperation between the Singapore and Germany innovation ecosystem and empower promising growth-stage companies on their way to international success.”

The MoU was signed on the sidelines of the Industrial Transformation Asia-Pacific 2018 in Singapore. Singapore’s Minister for Trade and Industry, Mr Chan Chun Sing was witness at the signing.

PARTNER

Qlik’s vision is a data-literate world, where everyone can use data and analytics to improve decision-making and solve their most challenging problems. A private company, Qlik offers real-time data integration and analytics solutions, powered by Qlik Cloud, to close the gaps between data, insights and action. By transforming data into Active Intelligence, businesses can drive better decisions, improve revenue and profitability, and optimize customer relationships. Qlik serves more than 38,000 active customers in over 100 countries.

PARTNER

CTC Global Singapore, a premier end-to-end IT solutions provider, is a fully owned subsidiary of ITOCHU Techno-Solutions Corporation (CTC) and ITOCHU Corporation.

Since 1972, CTC has established itself as one of the country’s top IT solutions providers. With 50 years of experience, headed by an experienced management team and staffed by over 200 qualified IT professionals, we support organizations with integrated IT solutions expertise in Autonomous IT, Cyber Security, Digital Transformation, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

Well-known for our strengths in system integration and consultation, CTC Global proves to be the preferred IT outsourcing destination for organizations all over Singapore today.

PARTNER

Planview has one mission: to build the future of connected work. Our solutions enable organizations to connect the business from ideas to impact, empowering companies to accelerate the achievement of what matters most. Planview’s full spectrum of Portfolio Management and Work Management solutions creates an organizational focus on the strategic outcomes that matter and empowers teams to deliver their best work, no matter how they work. The comprehensive Planview platform and enterprise success model enables customers to deliver innovative, competitive products, services, and customer experiences. Headquartered in Austin, Texas, with locations around the world, Planview has more than 1,300 employees supporting 4,500 customers and 2.6 million users worldwide. For more information, visit www.planview.com.

SUPPORTING ORGANISATION

SIRIM is a premier industrial research and technology organisation in Malaysia, wholly-owned by the Minister​ of Finance Incorporated. With over forty years of experience and expertise, SIRIM is mandated as the machinery for research and technology development, and the national champion of quality. SIRIM has always played a major role in the development of the country’s private sector. By tapping into our expertise and knowledge base, we focus on developing new technologies and improvements in the manufacturing, technology and services sectors. We nurture Small Medium Enterprises (SME) growth with solutions for technology penetration and upgrading, making it an ideal technology partner for SMEs.

PARTNER

HashiCorp provides infrastructure automation software for multi-cloud environments, enabling enterprises to unlock a common cloud operating model to provision, secure, connect, and run any application on any infrastructure. HashiCorp tools allow organizations to deliver applications faster by helping enterprises transition from manual processes and ITIL practices to self-service automation and DevOps practices. 

PARTNER

IBM is a leading global hybrid cloud and AI, and business services provider. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity and service.

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