04 Apr '11, 5am

[Singapore] MDA, SingTel Innov8 And NUS Enterprise Announce New Incubation Program

Singapore’s Media Development Authority (MDA) , SingTel Innov8 and NUS Enterprise have jointly announced a new incubation program, known as Blk71, which is a one-stop access to resources for startups in Singapore to develop and market their solutions to customers. The move is aimed at boosting the interactive digital media (IDM) space in Singapore, and will see MDA and SingTel Innov8 make joint Calls-for-Proposals (CFPs) which will provide successful start-ups with up to S$50,000 of initial seed funding and opportunities for follow-on funding of S$200,000 or more. To support these initiatives, MDA and SingTel Innov8 will commit an initial sum of up to S$2 million each over three years. MDA will also allocate office and incubation space at Mediapolis Phase 0 located at Block 71 Ayer Rajah Industrial Estate, where NUS Enterprise and SingTel Innov8 have signed on as anchor te...

Full article: http://www.youngupstarts.com/2011/04/04/singapore-mda-sin...

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