Singapore launches scheme to validate startup products

Singapore launches scheme to validate startup products

Summary: Country's ICT regulator offers accreditation programme to assess local tech startups based on their technical, financial, and operational capabilities, putting them in a better position to bid for government projects.

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TOPICS: Start-Ups, Singapore
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Singapore startups can now receive accreditation for their products and business sustainability, through a new programme offered by the government to help these local companies bid for projects. 

First announced in April, the Accreditation@IDA initiative is now available for tech startups that wish to be assessed for their technical, financial, and operational capabilities. The evaluation will determine if their products' core capabilities and claims, business sustainability and ability are established as promised, according to Infocomm Development Authority (IDA). 

IDA Executive Deputy Chairman Steve Leonard said the programme is aimed at placing local tech startups in a better position to bid for and secure projects involving government agencies and large enterprises. The accreditation process will help "refine their products", he noted. 

"We set up the Accreditation@IDA to help startups win real projects from government and industry buyers, where accredited companies will be considered first for various innovation-focused government projects and industry collaborations," Leonard said.

Where relevant, accredited startups will be considered first in government tech projects, IDA noted. The new accreditation will also serve the same purpose as the Government Supplier Registration status, which all tech suppliers are required to have before bidding for government tenders. This means companies accredited under the new programme, but do not have Government Supplier Registration status, can now submit bids for government projects. 

According to IDA, some 60 projects from government agencies involving data analytics and security are expected to be available for industry bids over the next two years. 

ida-accredited

The ICT regulator said nine applicants are currently undergoing accreditation, most of which deal with data analytics, mobility, and security. Accredited companies will retain their status for 18 months and will be reviewed by IDA thereafter to retain their validity. 

Once accredited, the companies can display or use the "IDA Accredited Product" mark in their commercial and marketing content during the 18 months. 

IDA has also roped in various industry players, including Amazon Web Services, CrimsonLogic, and Fuji Xerox Singapore, that will offer their customers preferred access to accredited companies, as well as provide systems integration support, domain knowledge, and capability development to accredited organizations.  

Topics: Start-Ups, Singapore

About

Eileen Yu began covering the IT industry when Asynchronous Transfer Mode was still hip and e-commerce was the new buzzword. Currently a freelance blogger and content specialist based in Singapore, she has over 16 years of industry experience with various publications including ZDNet, IDG, and Singapore Press Holdings.

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