Alibaba Cloud and Infocomm Investments (IIPL) have announced plans to collaborate to drive technology innovations in Singapore
The announcement – which was made at the Create@Alibaba Cloud Start-up Contest (CACSC) – will see Infocomm Investments’ existing initiatives for local startups and technology innovations combine with 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 programme, Create@Alibaba Cloud.
Alibaba Cloud will also pave the 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.
“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.”