Alibaba Cloud, IIPL to support Singapore startups
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Alibaba Cloud and Infocomm Investments (IIPL) have announced plans to collaborate to drive technology innovations in Singapore, built upon Alibaba Cloud’s support network and suite of cloud infrastructure services.
The announcement was made at the Create@Alibaba Cloud Start-up Contest (CACSC).
The collaboration will combine Infocomm Investments’ existing initiatives for local startups and technology innovations and Alibaba Cloud’s cloud computing resources.
It will focus on extending sophisticated networking solutions and big data intelligence to a broader base of Singaporean start-ups under Alibaba Cloud’s first global startup program, Create@Alibaba Cloud.
Alibaba Cloud will also pave way for start-ups in Singapore to leverage Alibaba Cloud’s ecosystem and to gain access to the China market as well as multiple business network resources and funding opportunities.
In addition, the collaboration will foster innovative exchanges between Singapore and China’s startup ecosystems by inviting accelerators, incubators, and start-ups in Singapore to participate in startup activities in China and vice versa.
This marks the start of a long term collaboration between both ecosystems to drive innovation, the companies said.
“We are very proud to work with Infocomm Investments to build a more robust start-up ecosystem in Singapore,” said Sicheng Yu, vice president of Alibaba Group and general manager of Alibaba Cloud Global.
“This underscores our on-going commitment to drive technology innovation in Singapore, as well as to support local start-ups in their business growth through our cloud capabilities and extensive support network in both local and global markets.”
The Create@Alibaba Cloud Start-up Contest (CACSC), organized in partnership with Infocomm Investments, is Alibaba Cloud’s first ever global start-up competition, which is aimed at championing start-ups and maximizing their potential.
Questions & Answers
Q.What specific resources will Alibaba Cloud contribute to this collaboration with Infocomm Investments?
What specific resources will Alibaba Cloud contribute to this collaboration with Infocomm Investments?
Alibaba Cloud will provide its support network and a suite of cloud infrastructure services. It will also offer sophisticated networking solutions and big data intelligence to Singaporean start-ups as part of its global programme.
Q.How will Singaporean start-ups benefit from this partnership beyond cloud computing resources?
How will Singaporean start-ups benefit from this partnership beyond cloud computing resources?
Start-ups can use Alibaba Cloud's ecosystem, gain access to the China market, and tap into multiple business network resources and funding opportunities. There will also be exchanges with China's start-up ecosystem.
Q.What is the Create@Alibaba Cloud Start-up Contest (CACSC) mentioned in the announcement?
What is the Create@Alibaba Cloud Start-up Contest (CACSC) mentioned in the announcement?
The CACSC is Alibaba Cloud’s first ever global start-up competition, organised in partnership with Infocomm Investments. Its aim is to champion start-ups and help them maximise their potential for business growth.