SINGAPORE (Oct 2): International Enterprise (IE) Singapore last week signed two Memoranda of Understanding (MOUs) with China tech partners to help more Singapore companies gain access to the Mainland market and its innovation ecosystem.
The partnerships with accelerator AIRMaker, NTUitive, the enterprise arm of NTU, and 36Kr, one of the top media platforms in China, aim to provide support through accelerator programmes customised to help tech companies understand the market, test-bed their products as well as partner with Chinese companies to implement solutions.
This will help build a stronger community of Singapore tech companies and a vibrant local tech sector, says IE Singapore in a Monday press release.
With the MOUs in place, Singapore tech startups will have access to tailor-made programmes to make headway into China’s diverse market landscape.
AIRmaker4, an accelerator focused on Internet-of-Things (IoT), healthcare and AI, will coordinate and conduct market access programmes to connect Singapore deeptech and medtech companies to the ecosystem in China.
They will provide resources such as co-working spaces, market network, support and training to facilitate growth and expansion in Beijing and other parts of China.
The first run of the programme will benefit 8-10 companies working on AI solutions.
To widen its reach, IE Singapore and AIRmaker will work with NTUitive to bring its research innovations on board.
China, especially Beijing, Shanghai, Shenzhen, Suzhou and Wuhan, is emerging as a conducive ground for tech companies to grow as the Chinese government pushes for greater innovation and entrepreneurship. Beijing and Shanghai were recently ranked 4th and 8th respectively as the best startup ecosystems in the world.