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Singapore : IDA inks deals with infra consultant, property group.

A program in which the government vouches for startups to help them secure public sector tenders has been expanded to the private sector.

The Infocomm Development Authority has inked deals with infrastructure consultant Surbana Jurong and property group Lendlease, which will help certified firms partner with these companies on big tenders.

Accreditation@IDA choses local startups and puts them on a fast track to secure contracts from state agencies, along with mentoring and support to help them scale. The recent agreement will enable them to win participation in infrastructure projects outside of Singapore, including across Asia, Africa, Australia and Middle East.

One of the major challenges faced by tech startups is competing with established firms to win tendering opportunities, especially from government and large companies with complicated processes. AIDA sees government vouch for the efficiency of the startups, and help them compete on a more level footing.

Gabriel Lim, co-Managing Director, Infocomm Development Authority of Singapore, said, "Partnerships such as with Surbana Jurong and Lendlease help companies seize new opportunities not only in Singapore but globally as well. We look forward to securing more partnerships with industry players to help companies innovate, grow and contribute to Singapores economy."

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Publication:Mena Report
Geographic Code:9SING
Date:Sep 7, 2016
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