{"id":261317,"date":"2025-11-04T05:47:40","date_gmt":"2025-11-04T05:47:40","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/261317\/"},"modified":"2025-11-04T05:47:40","modified_gmt":"2025-11-04T05:47:40","slug":"more-support-for-ai-start-ups-to-scale-faster-under-new-spore-microsoft-partnership","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/261317\/","title":{"rendered":"More support for AI start-ups to scale faster under new S\u2019pore-Microsoft partnership"},"content":{"rendered":"<p class=\"font-body-baseline-regular text-primary\" data-testid=\"article-paragraph-annotation-test-id\">SINGAPORE \u2013 Artificial intelligence (AI) start-ups in Singapore will get help to scale more quickly in the region and globally, thanks to a new tie-up between Microsoft, Enterprise Singapore and the National University of Singapore\u2019s entrepreneurial arm.<\/p>\n<p class=\"font-body-baseline-regular text-primary\" data-testid=\"article-paragraph-annotation-test-id\">This is part of Singapore\u2019s plan to forge partnerships that take ideas from the Republic to the world, said Deputy Prime Minister Gan Kim Yong.<\/p>\n<p class=\"font-body-baseline-regular text-primary\" data-testid=\"article-paragraph-annotation-test-id\">The new partnership, which he announced on Oct 29, will expand the existing AI Accelerate programme run by Microsoft and NUS Enterprise\u2019s Block71 start-up hub.\u00a0<\/p>\n<p class=\"font-body-baseline-regular text-primary\" data-testid=\"article-paragraph-annotation-test-id\">The current programme features a 10-week incubator where start-ups can build on Microsoft Azure \u2013 the company\u2019s cloud computing platform \u2013 while refining their products, tapping expert guidance for business strategy and fund raising, and connecting with mentors and investors.<\/p>\n<p class=\"font-body-baseline-regular text-primary\" data-testid=\"article-paragraph-annotation-test-id\">With the expansion, it will include a go-to-market track where experts from Microsoft will provide start-ups with practical guidance to help them scale more effectively in regional and global markets.<\/p>\n<p class=\"font-body-baseline-regular text-primary\" data-testid=\"article-paragraph-annotation-test-id\">Up to 150 start-ups will enter the AI Accelerate programme over the next three years, and they may be considered for streamlined access to Startup SG Tech grants. <\/p>\n<p class=\"font-body-baseline-regular text-primary\" data-testid=\"article-paragraph-annotation-test-id\">Enterprise Singapore (EnterpriseSG), through the Digital Industry Singapore office, will work with Microsoft to expedite these grants for eligible firms.<\/p>\n<p class=\"font-body-baseline-regular text-primary\" data-testid=\"article-paragraph-annotation-test-id\">Firms will be assessed by a panel comprising industry players and venture capital representatives, with grants going to those in areas such as intellectual property filings and the use of cloud and AI to build products, as well as talent acquisition.<\/p>\n<p class=\"font-body-baseline-regular text-primary\" data-testid=\"article-paragraph-annotation-test-id\">\u201cThese start-ups will receive support in product-market fit, technical development and market access, leveraging Microsoft\u2019s global network,\u201d said DPM Gan at the opening ceremony of Singapore Week of Innovation and Technology (Switch) 2025.<\/p>\n<p class=\"font-body-baseline-regular text-primary\" data-testid=\"article-paragraph-annotation-test-id\">In his speech, he said the Government wants Singapore to be a place that offers stability amid uncertainty; a hub that connects Asia\u2019s growth markets with the rest of the world; and a platform where ideas, talent and capital converge to address global challenges.<\/p>\n<p class=\"font-body-baseline-regular text-primary\" data-testid=\"article-paragraph-annotation-test-id\">\u201cTo strengthen this position, we will continue to invest in science and technology, accelerate the translation of research into enterprise, and forge partnerships that take ideas from Singapore to the world,\u201d said DPM Gan, who is also Minister for Trade and Industry.<\/p>\n<p class=\"font-body-baseline-regular text-primary\" data-testid=\"article-paragraph-annotation-test-id\">He also announced that Nanyang Technological University and US-based non-profit organisation Activate Global have launched a new fellowship to boost science entrepreneurship and develop deep tech start-ups here.<\/p>\n<p class=\"font-body-baseline-regular text-primary\" data-testid=\"article-paragraph-annotation-test-id\">The partnership will feature a $12 million commitment to support up to 20 science fellows and 20 co-fellows over the next three years.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2025\/11\/8647f47ee644b1221746603638639568f07681f7a9549dc2f64bca02f38ffb99.webp\" alt=\"\" class=\"aspect-portrait flex items-start shrink-0 portrait article-portrait object-contain mobile:w-screen tablet:w-auto\" data-testid=\"image-test-id\" loading=\"lazy\"\/><\/p>\n<p class=\"font-eyebrow-baseline-regular text-secondary\" data-testid=\"inline-media-caption-test-id\">Deputy Prime Minister Gan Kim Yong viewing a demonstration of a robot at the Lenovo booth at the Singapore Week of Innovation and Technology 2025 on Oct 29. <\/p>\n<p class=\"font-eyebrow-baseline-regular text-placeholder\" data-testid=\"inline-media-credit-test-id\">PHOTO: LIANHE ZAOBAO<\/p>\n<p class=\"font-body-baseline-regular text-primary\" data-testid=\"article-paragraph-annotation-test-id\">It will be funded by the National Research Foundation and supported by EnterpriseSG, which will provide start-up founders with potential access to additional funding, as well as a network of ecosystem partners including investors, corporates and infrastructure providers.<\/p>\n<p class=\"font-body-baseline-regular text-primary\" data-testid=\"article-paragraph-annotation-test-id\">The fellowship is open to all Singapore scientists and engineers with early-stage innovations that have the potential for commercial and social impact.<\/p>\n<p class=\"font-body-baseline-regular text-primary\" data-testid=\"article-paragraph-annotation-test-id\">It will focus on key deep tech areas such as advanced materials, robotics, AI and biotechnology.<\/p>\n<p class=\"font-body-baseline-regular text-primary\" data-testid=\"article-paragraph-annotation-test-id\">\u201cThe programme will help researchers gain hands-on experience in building companies, such as fund raising, training and product development \u2013 they will also benefit from access to Activate\u2019s global network,\u201d said DPM Gan.<\/p>\n<p class=\"font-body-baseline-regular text-primary\" data-testid=\"article-paragraph-annotation-test-id\">He also announced that EnterpriseSG has enhanced its Global Innovation Alliance strategy, where start-ups that have ready products and initial market traction will benefit from stronger connections to commercial and investment opportunities through an expanded network of partners.<\/p>\n<p class=\"font-body-baseline-regular text-primary\" data-testid=\"article-paragraph-annotation-test-id\">The first corporate partner under the Global Innovation Alliance partner network is ST Engineering Ventures. <\/p>\n<p class=\"font-body-baseline-regular text-primary\" data-testid=\"article-paragraph-annotation-test-id\">The partnership will channel up to $3 million over two years into technology testing and commercialisation through pilot projects and access to global markets.<\/p>\n<p class=\"font-body-baseline-regular text-primary\" data-testid=\"article-paragraph-annotation-test-id\">It will support 16 global start-ups to pilot technology solutions in Singapore with ST Engineering\u2019s business units, tackling real-world problems in deep tech areas including AI, robotics and advanced materials.<\/p>\n<p class=\"font-body-baseline-regular text-primary\" data-testid=\"article-paragraph-annotation-test-id\">Up to another 10 Singapore start-ups will be supported to expand overseas through proof-of-concept trials leveraging ST Engineering\u2019s global networks.<\/p>\n<p class=\"font-body-baseline-regular text-primary\" data-testid=\"article-paragraph-annotation-test-id\">On the climate front, DPM Gan said the Breakthrough Energy Fellows South-east Asia Programme \u2013 a partnership between Breakthrough Energy, EnterpriseSG and Temasek \u2013 is supporting start-ups developing technologies tailored to the region\u2019s needs, such as cooling paint and advanced recycling.<\/p>\n<p class=\"font-body-baseline-regular text-primary\" data-testid=\"article-paragraph-annotation-test-id\">Of the two cohorts supported so far, six start-ups are based in Singapore, reflecting how local innovators are helping to shape the region\u2019s low-carbon transition, said DPM Gan.<\/p>\n<p class=\"font-body-baseline-regular text-primary\" data-testid=\"article-paragraph-annotation-test-id\">Singapore is also working with Wavemaker Impact, a climate-tech venture builder that has created 15 start-ups in three years.<\/p>\n<p class=\"font-body-baseline-regular text-primary\" data-testid=\"article-paragraph-annotation-test-id\">\u201cAll of them have secured investments, and the next phase will focus on helping these firms achieve product-market fit faster, so their innovations can scale and deliver impact sooner,\u201d said DPM Gan.<\/p>\n<p class=\"font-body-baseline-regular text-primary\" data-testid=\"article-paragraph-annotation-test-id\">He also highlighted that Singapore is investing in the emerging field of embodied AI, where robots and intelligent systems can sense, learn and act in real-world environments.<\/p>\n<p class=\"font-body-baseline-regular text-primary\" data-testid=\"article-paragraph-annotation-test-id\">Advances in embodied AI could significantly change the way industries operate, by augmenting human capability and allowing companies to overcome labour and productivity constraints, he said.\u00a0<\/p>\n<p class=\"font-body-baseline-regular text-primary\" data-testid=\"article-paragraph-annotation-test-id\">\u201cThis is strategically important for Singapore as many of its key sectors, such as logistics, advanced manufacturing and healthcare, are being reshaped by AI and robotics,\u201d he said.\u00a0<\/p>\n<p class=\"font-body-baseline-regular text-primary\" data-testid=\"article-paragraph-annotation-test-id\">The Government is working with industry leaders such as port operator PSA to explore how embodied AI can transform their operations and augment their workforce, with a view \u201cto develop Singapore into a global test bed for the safe and scalable deployment of next-generation robotics\u201d, DPM Gan said.<\/p>\n<p class=\"font-body-baseline-regular text-primary\" data-testid=\"article-paragraph-annotation-test-id\">Speaking on the sidelines of the event on Oct 29, Minister of State for Trade and Industry Alvin Tan said Singapore continues to punch above its weight in innovation.<\/p>\n<p class=\"font-body-baseline-regular text-primary\" data-testid=\"article-paragraph-annotation-test-id\">He noted that in September the Global Innovation Index <a href=\"https:\/\/www.straitstimes.com\/asia\/east-asia\/hk-shenzhen-guangzhou-named-worlds-top-innovation-hub-singapore-16th?ref=inline-article\" rel=\"noopener nofollow\" class=\"gap-x-04 items-center inline text-primary-60 select-auto\" aria-label=\"link\" target=\"_blank\" data-testid=\"custom-link\"><\/p>\n<p class=\"font-body-baseline-regular inline\" data-testid=\"paragraph-test-id\">ranked Singapore fifth globally and second in the region<\/p>\n<p><\/a> \u2013 the third consecutive year the Republic has been among the top five economies on the list.<\/p>\n<p class=\"font-body-baseline-regular text-primary\" data-testid=\"article-paragraph-annotation-test-id\">The ranking takes into account the supportive ecosystem that enables innovation, including a business-friendly environment and intellectual property infrastructure, as well as a stable and predictable governing and operating environment, Mr Tan added.<\/p>\n<p class=\"font-body-baseline-regular text-primary\" data-testid=\"article-paragraph-annotation-test-id\">\u201cThis did not come by chance&#8230; It\u2019s the result of years of investment in our innovation and enterprise ecosystem, and we do that in partnership with our small and medium enterprises and start-ups,\u201d he said.<\/p>\n<p class=\"font-body-baseline-regular text-primary\" data-testid=\"article-paragraph-annotation-test-id\">\u201cWhat this means is that Singapore continues to remain a place where innovation is born and thrives.\u201d<\/p>\n<p class=\"font-body-baseline-regular text-primary\" data-testid=\"article-paragraph-annotation-test-id\">Switch, now in its 10th year, is organised by EnterpriseSG and is being held at Marina Bay Sands from Oct 29 to 31. <\/p>\n<p class=\"font-body-baseline-regular text-primary\" data-testid=\"article-paragraph-annotation-test-id\">The 2025 edition is expected to host about 20,000 attendees \u2013 including entrepreneurs, people from government agencies and investors \u2013 from more than 100 countries. Around 400 exhibitors have set up booths, with a focus on AI, sustainability and other tech innovations.<\/p>\n","protected":false},"excerpt":{"rendered":"SINGAPORE \u2013 Artificial intelligence (AI) start-ups in Singapore will get help to scale more quickly in the region&hellip;\n","protected":false},"author":2,"featured_media":261318,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[64,63,99,198],"class_list":{"0":"post-261317","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-entrepreneurship","8":"tag-au","9":"tag-australia","10":"tag-business","11":"tag-entrepreneurship"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/261317","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=261317"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/261317\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/261318"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=261317"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=261317"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=261317"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}