DeClout launches incubator in Singapore

The program will focus on local entrepreneurs in financial technology, cybersecurity, data analytics and smart logistics. It will be supported by Startup SG, an accelerator operated under the government’s emerging industries development agency, Spring Singapore.

“This is aligned with Spring’s aim to encourage more corporations to take the lead in aiding the growth of start-ups in Singapore,” Ted Tan, deputy CEO at Spring Singapore, said in a statement. “With DeClout’s track record of successfully scaling businesses into global players, we look forward to its progressive role in enhancing our startup ecosystem.”

Founded in 2010 and listed on the Singapore Exchange’s Catalist board in 2012, DeClout helps partner companies expand by providing IT infrastructure sales and services help as well as support optimizing cloud computing processes in specific business verticals. Its VC unit, DeClout Investments, was set up last December after the company received a S$10 million ($7.2 million) investment from the government’s National Research Foundation.

Singapore has emerged as an attractive environment for establishing incubators. Recent launches in the country include Insurance Group Australia’s Firemark Labs and PayPal’s Start Tank, both of which are focused on the fintech sector.

Last month, the Australian government launched an incubation program in the country under its A$11.2 million ($8.5 million) “Landing Pads” initiative, which aims in part to give Australian start-ups access to Singaporean research institutions, multinational corporations and technology players.

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• Topics
• Southeast Asia
• Technology
• Early-stage
• Singapore
• seed
• Financial Services
• Logistics