Singapore-based investment company Temasek has announced a partnership with Microsoft in an effort to further support and scale startups.
Under the collaboration, Temasek and six of its portfolio companies joined the Microsoft Accelerator (MA) programme as the official global network partners in the technology and innovation hubs of Seattle, Berlin, Tel Aviv and Bangalore. They will provide part-time programme managers for the MA programme.
The companies include real estate developers Ascendas and CapitaLand, venture lending platform InnoVen Capital, cyber-security provider Quann, engineering group ST Engineering, and investment company Fullerton Financial.
According to Microsoft, the mentor-driven MA programme will provide startups with support to scale quickly into enterprise-ready companies. This includes overcoming the challenges of launching a company, building the team, finding customers, and expanding into global markets.
The programme, which will last between three to six months, culminates in a demo day, where participants will present and showcase their company to investors and industry leaders for the opportunity to seek funding to further grow their business.
Startups interested to participate in the MA programme can register their interest here: https://www.microsoftaccelerator.com/locations/accelerators.
Commenting on the collaboration, Scott Coleman, General Manager, Microsoft Accelerator, said in a blog post: "This strategic partnership gives the startups the ability to leverage subject matter experts, mentors, pilot programs, joint go-to-market initiatives and marketing support from Temasek and its portfolio companies."
The MA programme will also benefit the mentoring companies.
"[This collaboration] offers partnering opportunities between promising startups and our portfolio companies to provide innovative solutions to operating pain points and enhance customer experience. For the startups, this provides them with the opportunity to work with established companies to pilot and validate their products and technologies. This is therefore a win-win partnership," said Ong Beng Teck, Managing Director, Enterprise Development Group at Temasek.
For instance, CapitaLand Limited hopes that its participation will aid "its transformation journey towards the real estate of the future," said its Chief Corporate Development Officer, Ng Kok Siong. "This partnership will provide us valuable insights and bolster our efforts to develop integrated and interconnected smart buildings, as well as create seamless online and offline customer experiences. We will [thus] assess investments into startups that can enhance our competencies - from design and construction, operations and maintenance, sales and leasing, customer engagement, to workplace productivity and smart living solutions."
Meanwhile, cybersecurity firm Quann aims to "mentor budding cyber security startups and impart its expertise and experience in security, technology and operations [through the partnership]... to build a vibrant ecosystem that keeps the internet safe and secure for all," said its Managing Director, Foo Siang-tse.
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