Microsoft today announced their global partnership with Temasek, the Singapore-based investment company with a portfolio of companies that span the globe across a wide range of industries. As part of this partnership, Microsoft and Temasek will collaborate on deal flow in Berlin, Seattle, Tel Aviv, and Bangalore Microsoft accelerator locations – with six of its portfolio companies — Ascendas, InnoVen Capital, Quann, ST Engineering, CapitaLand Limited, and Fullerton Financial – on board as partners.
This strategic partnership gives the startups the ability to leverage subject matter experts, mentors, pilot programs, joint go-to-market initiatives and marketing support from Temasek and its portfolio companies. In return, Temasek and its portfolio companies’ strong interest in innovation, disruption, and global investment will be served via connections with startups currently in the program, as well as through our highly successful alumni that our 4-year program has accelerated to date.
Commenting on the launch of the partnership, Ong Beng Teck, Managing Director, Enterprise Development Group at Temasek, said, “As an investor, it is imperative that we keep abreast of emerging technology trends. We are pleased to partner Microsoft for their accelerator programme as it is widely considered to be one of the strongest globally, attracting the best startups across various fields. It offers partnering opportunities between promising startups and our portfolio companies to provide innovative solutions to operating pain points and enhance customer experience. For the startups, this provides them with the opportunity to work with established companies to pilot and validate their products and technologies. This is therefore a win-win partnership.”
Read more about it here.