Current polytechnic students in Singapore and former alumni are now able to receive support for their startup venture via an incubator.
The incubator, known as Pollinate, will offer polytechnic students/alumni who own a startup an opportunity to further enhance and establish their entrepreneurship goals, announced Minister of Finance and Deputy Chairman, Heng Swee Keat, during his opening address at SWITCH today (18 September 2017).
Run by three local education institutes in Singapore -- Ngee Ann Polytechnic, Singapore Polytechnic, and Temasek Polytechnic -- the incubator will help those startups commercialise their products so that they can expand their footprint in the tech market. The National Research Foundation (NRF) will also fund S$1 million over the next three years to support the incubator initiative.
Commenting on the incubator, Ngee Ann Polytechnic's principal, Clarence Ti said: "Polytechnic students embark on entrepreneurship journeys at different stages of their lives; some while in school, and others, much later. Pollinate seeks to support these students and add value to their startups."
The incubator is located at the JTC Launchpad, which is situated at one-north, Block 71, Ayer Rajah Crescent.
Pollinate currently has 14 startups, with plans to grow to 30.
Polytechnic students who own startups and are under Pollinate will receive affordable rental rates, as well as be provided with various training, internships, mentorships, workshops and networking sessions.
The incubator also hopes to attract non-polytechnic graduates, and form partnerships with incubators outside Singapore, in efforts to expand to overseas markets.
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