Microsoft has just announced a global partnership with the Singapore investment firm, Temasek. The company owns a large portfolio of companies around the world and Microsoft has already revealed plans to use six of them, Ascendas, InnoVen Capital, Quann, ST Engineering, CapitaLand Limited, and Fullerton Financial, to assist in the development of startups in Berlin, Seattle, Tel Aviv, and Bangalore.
“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,” says Microsoft Accelerator’s general manager, Scott Coleman. “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.”
82% of startups that have gone through said programs have apparently raised funding thanks to being involved in them and 454 alumni have successfully raised $1.8B over four years.
“As an investor, it is imperative that we keep abreast of emerging technology trends,” said Ong Beng Teck, managing director of the enterprise development group at Temasek. “We are pleased to partner with 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 a win-win partnership.”
A special video has been released which showcases the full effect the partnership will have with different companies around the globe. You can watch it above.
Does this partnership surprise you? What would you like to see the two companies do together? Let us know in the comments below.Further reading: Microsoft, Microsoft Accelerator, Singapore