Subscribe / Unsubscribe Enewsletters | Login | Register

Pencil Banner

SiTF encourages Singapore startups

Anuradha Shukla | July 2, 2013
Helps secure over US$2.3 million in pledged funding from investors through its 123JumpStart programme.

Singapore startups can look forward to a bright future as the 123JumpStart programme from Singapore Infocomm Technology Federation (SiTF) increases their chance of success.

SiTF’s has helped secure more than US$2.3 million in pledged funding from investors for Singapore startups in the past year and has provided support to 38 startups to date.  

The unique 123JumpStart programme is designed to nurture and prepare startups through a holistic approach and covers areas including funding and mentorships.

SiTF realises the challenges associated with starting new business ventures and thus offers access to resources and discounted solutions to startups.

“There has never been a better time to run a startup in Singapore,” said Roger Yuen, chairman, 123JumpStart. “Working closely with our investor-mentors, we will strive to arm startups in Singapore with the necessary know-how and support to succeed.” 

Array of services to startups

Startups in Singapore have an array of services to choose from including US$39.4 credit from Amazon Web Services and discounts on select Dell laptops and servers.

Startups will also be able to access Microsoft BizSpark program and enjoy discount for Shopify started package for ecommerce website solution options.

The 123JumpStart program is also offering training from leading firms and professionals. Courses and workshops are designed to help startups tackle the most common challenges and barriers to success. 

SiTF 123JumpStart works with many testbed partners to make available ready-made platforms for testing solutions with real audiences. This exercise generates meaningful feedback for startups and helps them improve their offerings for clients.

SiTF has organised a US$780,000 Challenge Award for the best startup in Singapore to encourage innovation and the generation of business ideas.

“The support from SiTF and the mentors provided us access to people and resources that would have been difficult to find on our own. In addition, the credibility of the initiative helped instill confidence in organisations, and be more willing to work with us,” said Samuel Lee, co-founder, SilverVoice, member of the Singapore Infocomm Technology Federation.


Sign up for Computerworld eNewsletters.