Local startups can now get S$2 million financing, free servers and marketing support through the HP e-Garage
SINGAPORE - Hewlett-Packard (HP) Singapore has launched the HP
e-Garage program to help Internet startups and dotcom companies develop, commercialise and expand.
The HP e-Garage program provides each startup with up to S$2 million in financing, free use of HP servers during
the nine-month seeding stage, preferential pricing for the use of HP's e-ontap hosting facility and support services,
as well as marketing and demand-generation support in the commercial and expansion phases of a company's development.
This technopreneurial support program covers a company's entire growth cycle, from incubation through to market
It is aimed at helping startups accelerate their time to market, preserve capital and prepare for hypergrowth.
The HP e-Garage program includes the following deliverables: Startup Phase: This phase includes up to nine months free use of HP 9000 Enterprise UNIX and NT NetServers,
preferential pricing for HP services and use of e-ontap, as well as up to S$2 million in financing with up to 24
months of repayment and a six-month payment holiday.
Deploy Phase: Companies who have developed their products will enjoy preferential pricing for HP services and
use of e-ontap, as well as up to S$2 million in financing with up to 24 months of repayment and a six-month payment
Expand Phase: Operational dotcoms who are expanding will enjoy co-investment finance schemes and rebates on
HP's products and services, plus the S$2 million in financing with up to 24 months of repayment and a six-month
In addition, the Startup and Deploy packages will offer cooperative marketing benefits such as public relations
and marketing communications support, as well as online market traction through HP's sales demand-generation programs.
"E-Garage is a total end-to-end program designed to meet a company's needs for financing, infrastructure
and equipment and marketing throughout their entire life-cycle," said Tan Lee Chew, general manger, business
customer sales organisation, HP Singapore. "It will help our local technopreneurs grow from a caterpillar
to a butterfly."