28 April 2014

IDA makes it easier for tech startups to compete with bigger boys

The new Accreditation@IDA programme aims to help innovative technology startups build their credentials so that they can be positioned as qualified vendors capable of handling projects by government agencies and large enterprises.

Companies that apply for accreditation will need to undergo technical assessments to ascertain their product's core capabilities and claims. IT service providers HP and Cognizant will provide the software testing tools, along with accreditation best-practices and methodologies, at an accreditation lab set up within IDA Labs@HQ. 

The accreditation programme will be open for application in July 2014. Companies' financial performance and operational capabilities will also be taken into account in the process. Successful companies would be awarded an accredited status for 18 months.

To enhance market opportunities for accredited technology startups, IDA will be engaging potential buyers in the public and private sectors to support these companies. For example, IDA will facilitate Proof-of-Concepts and product demonstrations to potential buyers and stakeholders. 

In addition, the Government procurement process is being reviewed to facilitate Government's procurement from accredited companies and enable Accreditation@IDA to be considered in place of financial grading for start-ups. 

"At IDA, we are constantly looking at different ways to help grow Singapore-based tech companies that have the vision to build tech products that address big challenges. IDA Labs and the Accreditation@IDA programme are two examples of how we want to help in practical ways to support the building of some great tech-product companies," said Steve Leonard, Executive Deputy Chairman, IDA.

As the support of industry partners is instrumental in growing tech talent and building tech companies and products, IDA Labs is partnering Red Hat to provide IDA Labs users with advice from Red Hat experts and the open source community. IDA Labs and Red Hat will also organise an international challenge to discover innovative technology projects that not only meet functional requirements, but also user-friendly and design-centric.

IDA Labs is also working with Intel to provide its latest technologies, R&D resources and technical expertise to IDA Labs users. Intel will also help local ICT companies bring their products to overseas markets via its global platforms.
IDA Labs' partnership efforts also extend to the Singapore Management University (SMU) Institute of Innovation and Entrepreneurship. The SMU community can use IDA Labs to test their ideas and eventually translate them into actual products and solutions. IDA Labs and SMU will facilitate the commercialisation of innovations, either through co-development or by adopting solutions to be used in government projects.

Read more about Accreditation@IDA 
Learn more about IDA Labs