India: Tech giant Microsoft and state investment firm Temasek have entered a global partnership to help support and scale startups across the world.
The collaboration sees Temasek, together with six of its portfolio companies, join the Microsoft Accelerator programme as official global network partners in Seattle, Berlin, Tel Aviv and Bangalore.
The six portfolio companies involved include real estate developers Ascendas and CapitaLand, venture lending platform InnoVen Capital, cyber-security provider Quann, engineering group ST Engineering and investment company Fullerton Financial.
Startups under the programme will be provided with support to scale quickly into enterprise-ready companies. The programme also aims to guide the startups in overcoming the challenges of launching a company, building a team, finding customers and expanding into global markets.
The startups will also gain access to joint go-to-market initiatives and marketing support from Temasek and its portfolio companies.
In a news update on its website, Temasek said that it and its portfolio companies have identified urban solutions, Internet of Things, artificial intelligence, fintech, cyber-security, healthcare IT and digital media as key focus areas for the initiative.
Microsoft Accelerator general manager Scott Coleman said that it looks forward to working with Temasek to match startups with established companies.
“This partnership is an excellent fit with our aspirations to help startups scale and go global, and is an excellent match to our alumni and companies in our programme,” said Mr Coleman.
“Together, we look forward to matching great startups with strong established companies to drive digital transformation aligned with our cloud-first, mobile-first vision.”
Temasek Enterprise Development group managing director Ong Beng Teck added that this was a “win-win partnership”.
“It offers partnering opportunities between promising startups and our portfolio companies to provide innovative solutions to operating pain points and enhance customer experience,” Mr Ong added. “For the startups, this provides them with the opportunity to work with established companies to pilot and validate their products and technologies.”