Companies taking part in the Scottish Government's Techscaler
programme are to be given the opportunity to develop their
businesses in one of the world's most vibrant tech economies.
Applications will open in August for a set of start-up companies
to spend three weeks in Singapore to establish new connections
with fellow business founders as well as potential investors and
customers.
The start-ups will be provided with office space in a designated
pop-up hub for the duration of the trip, which will begin in
October.
First Minister met with the Singapore High
Commissioner to the UK, Ng Teck Hean, in Edinburgh to discuss the
pop-up hub launching in Singapore during a meeting designed to
deepen ties between the two countries and help encourage future
trade and investments opportunities.
The Singapore Government has been involved in developing the
start-ups' programme, which will include attendance at
Singapore Week of Innovation & Technology.
The First Minister said:
“Driving innovation is vital to helping unlock each of the
Scottish Government's priorities of eradicating child poverty,
boosting economic growth, achieving net zero and improving public
services. Growing and nurturing our pipeline of entrepreneurs and
start-up companies is in turn crucial to unleashing its
potential.
“Techscaler is central to our ambitions to create one of
the finest state-funded entrepreneurial systems in the world
dedicated to the creation of high-growth
businesses. Connecting our promising start-ups to one of the
world's most renowned venture capital environments is a hugely
exciting opportunity.
“By developing our network of global connections and
collaborations, including the key strategic partner in Singapore,
we are not only providing valuable experience for our fledgling
businesses, but deepening relationships, trade links and inward
investment opportunities to capitalise on the enormous potential
of our growing start-up community.”
A further cohort of Techscaler businesses has already been
successful in securing a similar three-week stay in San
Fransisco's Silicon Valley this summer, following a successful
pilot earlier in the year.
Shiv Kodam, Co-founder of Neuron and participant in the upcoming
Silicon Valley cohort said:
"As a Scottish founder, I am buzzing to be going to San
Francisco, soaking up knowledge from the world's best and forging
connections with fellow founders, investors, and ecosystem
leaders.
“Our start-up has global ambitions, and engaging with the best is
how we'll redefine what's possible.”
Background
The Singapore pop-up hub, funded by Scottish Enterprise, will run
from 21st October to 8th November.
The second Silicon Valley pop-up hub, funded from within the
Techscaler programme, will run from 26th August to 13th
September.
The Scottish Government is investing £42 million in the
Techscaler programme. It now has more than 2,500 members and
supported more than 500 companies in its first year of operation
Success for startups - gov.scot
(www.gov.scot)
Scottish Government
launches first Techscaler hub in Silicon Valley
