SINGAPORE (Aug 30): Singapore’s Action Community for Enterprise (ACE) today signed a memorandum of understanding (MOU) with Advantage Austria and Global Incubator Network (GIN) to strengthen the startup ecosystems of Singapore and Austria, as well as to facilitate market access between the two countries.

Under the MOU, the companies will organise events and workshops to raise awareness of Austria as a launchpad to the European market for Singapore startups, and correspondingly, Singapore as a launchpad to the Asian market for Austrian startups.

As part of efforts by the ACE International Centre (ACEIC) to help startups venture overseas, this initiative aims to facilitate greater involvement of investor networks in Singapore and Austria where Singaporean and Austrian investors will be able to tap into each other’s startup ecosystem for market access and investment.

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