Singapore: Singapore startups can now gain faster entry to India’s vibrant startup ecosystem to form partnerships and co-innovate with Indian startups after a state-owned enterprise here has signed a Memorandum of Understanding with one of the largest global entrepreneurship organisations of Indian-origin.
The MoU between Enterprise Singapore (ESG) and The Indus Entrepreneurs (TiE) Singapore was signed yesterday, a day before Prime Minister Narendra Modi’s arrival in the country on a three-day visit. The MoU kick-starts an incubation programme that aims to foster collaboration between Singapore and Indian start-ups through jointly organised networking events, workshops and sessions with in-market mentors.
Singapore startups can now gain faster entry to India’s vibrant startup ecosystem to form partnerships and co-innovate with Indian startups, said ESG in a statement yesterday. The MOU with TiE Singapore, one of the largest global entrepreneurship organisations of Indian-origin which began in Silicon Valley and boast of strong funding muscles and deep pockets, kickstarts the “Singapore – India Incubation Programme” by Startup SG1, led by Enterprise Singapore, with the support of Trade Associations and Chambers and startup partners.