This week, we continue to look at governmental resources offered to companies internationalising and entering foreign markets, through the Global Innovation Alliance.
Global Innovation Alliance
The Global Innovation Alliance (GIA) is a network of Singapore and overseas partners in major innovation hubs and key demand markets, with a focus on technology and innovation. GIA Acceleration Programmes under this Alliance will support (i) Singapore startups and SMEs in venturing abroad; and (ii) international startups in scaling up in Asia through Singapore as a springboard.
The GIA network currently spans 13 cities in ten countries:
- China – Beijing, Shanghai, Suzhou
- France – Paris
- Germany – Berlin, Munich
- India – Bangalore
- Indonesia – Jakarta
- Japan – Tokyo
- Thailand – Bangkok
- Vietnam – Ho Chi Minh City
- The United Kingdom – London
- The United States of America – San Francisco
GIA Acceleration Programme
This program is designed to help Singapore technology startups and SMEs set up, test-bed and commercialise their solutions, or co-innovate with partners in the foreign country. They would have opportunities to perform such activities through highly customised programmes and activities, thus granting access to the foreign market, and with it potential investors, partners, customers and talent resources.
Acceleration Programmes vary according to country. Stage 1 typically constitutes of a preparation session in Singapore; Stage 2 typically is a business immersion program in the foreign country; Stage 3 (where available) provides additional support according to the needs of that foreign country.
Find the Alliance Partners below:
|Suzhou (China)||No defined partner||Nil|
|Paris (France)||Hello Tomorrow||Nil|
|Berlin & Munich (Germany)||Nil|
|Bangalore (India)||Anthill Venture||
|Jakarta (Indonesia)||Plug and Play Network||
|Tokyo (Japan)||Leave a Nest||
|San Francisco (United States)||500 Startups||500 Startups’ services include:
|London (United Kingdom)||IoT Tribe||
|Ho Chi Minh City (Vietnam)||Quest Ventures – In partnership with the Saigon Innovation Hub||
This marks the end of this 2-part series on the available support extended by the Singapore government to assist companies to achieve internationalisation. We hope you enjoyed these series. Don’t forget to check the earlier part-series on the different schemes as well: Grants, Loans and Insurance, Technology & Innovation, and Training & Upskilling.
At Silvester Legal, we work extensively with SMEs and start-ups to understand our clients’ needs. We want our clients to take full advantage of the opportunities available to them as they pursue their business ventures.
Disclaimer: The materials prepared here are for general information purposes only to inform you about Silvester Legal LLC, our services and related matters. The information presented is not legal advice and is not to be acted on as such.