Infocomm Investments and Cisco signed an agreement to nurture Singapore-focused start-ups to participate in the Cisco-Technopreneur Action Group, Platform Accelerated Start-ups (TAG.PASS) Smart Innovation Program.
The program will assist start-ups to create applications using sensors, big data, analytics and Internet of Things (IoT) across industry verticals like healthcare, the public sector, education, manufacturing and financial services, to enable the country’s Smart Nation vision.
TAG.PASS is a pre-acceleration program of IIPL that assists entrepreneurs to develop their minimum viable product, and prepare for other acceleration programs or work with corporate teams.
Singapore, one of the technology innovation hubs in the world, has invested more than $22 billion in research and development in the last 10 years to help companies develop, test and commercialize new products and solutions. About 400 tech start-ups have received public sector investments and generated 800 licenses over the last four years.
Selected start-ups in the Cisco-TAG.PASS Smart Innovation Program will be eligible to participate in the Cisco DevNet. They will get the chance to visit Cisco’s implementations for Smart Cities around the world. Start-ups will have access to TAG.PASS’ development platform training.
They can apply to participate in an exchange program to co-innovate with Cisco at the Cisco Barcelona Internet of Things Centre in Spain.
“The Entrepreneurs in Residence Programs, Cisco Innovation Challenge, the IoT World Forum Young Women’s Innovation Challenge, our global investments in start-up accelerators and an innovation fund in ASEAN, as well as Cisco DevNet are good examples of our innovation strategy at work,” said Thiam Guan Ang, managing director for Cisco in Singapore and Brunei.