SEAS Starts Singapore’s First Cleantech Incubator and Accelerator
To help cleantech startups and entrepreneurs in Singapore with business and technology advisory and access to capital, the Sustainable Energy Association of Singapore (SEAS) is starting and managing Singapore’s first Cleantech Incubator and Accelerator, together with six partners from the engineering, research, and investment fields.
SEAS represents the interests of companies in renewable energy and energy efficiency, and provides a platform for them and financial institutions to collaborate and undertake projects together.
The MOU for the Cleantech Incubator was signed between SEAS and the partners at the opening ceremony of the Asia Future Energy Forum 2013, a platform for the discussion of various renewable energy technologies, development and deployment, and part of the Singapore International Energy Week 2013.
The incubator aims to provide local and foreign innovative cleantech companies with one-stop business support in Singapore, while the accelerator would help international enterprises expand their technology and business to the region, using Singapore as a springboard.
Located within JTC’s CleanTech One at CleanTech Park, Singapore’s first eco business park, the incubator will have access to a large network of existing cleantech businesses and research centres at the business park.
Technology partners such as the Energy Research Institute @ NTU, the Nanyang Environment and Water Research Institute, and the Solar Energy Research Institute of Singapore, will provide research and development expertise to the participating companies in the incubator.
Other partners such as the Institute of Engineers Singapore will provide mentorship, advice, and access to financial networks, while Red Dot Ventures will provide advice on financial matters and investment to the companies.
The standard incubator package is around $700 a month and includes office space and utilities; business plan review; mentoring and networking opportunities; and internet, printing and secretarial services. Interested cleantech startups and companies can contact SEAS for more info.
Source and image credit: SEAS