More support for Al start-ups to scale faster under new partnership

It is part of plan to forge tie-ups that take ideas from S'pore to the world: DPM Gan

- Timothy Goh

Artificial intelligence (AI) startups in Singapore will get help to scale more quickly in the region and globally, thanks to a new tie-up between Microsoft, Enterprise Singapore and the National University of Singapore's entrepreneurial arm.

This is part of Singapore's plan to forge partnerships that take ideas from the Republic to the world, said Deputy Prime Minister Gan Kim Yong.

The new partnership, which he announced on Oct 29, will expand the existing AI Accelerate programme run by Microsoft and NUS Enterprise's Block71 startup hub.

The current programme features a 10-week incubator where startups can build on Microsoft Azure - the company's cloud computing platform while refining their products, tapping expert guidance for business strategy and fund raising, and connecting with mentors and investors.

With the expansion, it will include a go-to-market track where experts from Microsoft will provide startups with practical guidance to help them scale more effectively in regional and global markets.

Up to 150 startups will enter the Al Accelerate programme over the next three years, and they may be considered for streamlined access to Startup SG Tech grants.

Enterprise Singapore (EnterpriseSG), through the Digital Industry Singapore office, will work with Microsoft to expedite these grants for eligible firms.

Firms will be assessed by a panel comprising industry players and venture capital representatives, with grants going to those in areas such as intellectual property filings and the use of cloud and AI to build products, as well as talent acquisition.

"These startups will receive support in product-market fit, technical development and market access, leveraging Microsoft's global network," said DPM Gan at the opening ceremony of Singapore Week of Innovation and Technology (Switch) 2025.