Singapore’s BASH startup hub announces a truckload of startup programs

Singapore’s BASH space has been a mainstay in the city-state’s startup activity during the last year. Owned by Infocomm Development Authority’s (IDA) investment subsidiary, Infocomm Investments, it’s a space for co-working, networking, and startup-focused events.

BASH’s future looks promising with a series of new collaborations.

It’s also been a home for startups from Singapore and beyond, with six accelerators, like SPH Plug & Play and Startupbootcamp Fintech Singapore, building over 65 startups in it and more than 3,000 businesses having worked out of it.

BASH (an acronym for Build Amazing Startups Here) is now celebrating its first birthday, and its future looks equally promising with a series of new collaborations between Infocomm Investments and international accelerators and corporates, announced at the startup hub’s birthday, um, bash.

Go faster

On the accelerator side, Infocomm has announced it will work with three more accelerators that will use the BASH space to build their startups.

Infocomm announced a joint venture with Singapore Power (SP), Singapore’s energy utility company, to set up the appropriately dubbed Spark Accelerator. It will look for startups working on energy efficiency, mobility, cybersecurity, and more. SP will invest US$21,000 in each startup for a six percent equity stake. The overall investment in the program is worth US$2.8 million. SP hopes to build 30 startups through Spark.

Applications will open in the second quarter of 2016, with the program expected to commence in the third quarter.

Infocomm will also partner with Amsterdam-born accelerator Rockstart, which announced its arrival in Singapore last year. Looking for startups with a global outlook from the get-go, Rockstart Singapore will run its program over a three-year period, 10 startups at a time. Applications will open in May 2016 and the program is expected to start in the third quarter of the year.

One more accelerator in the mix will be Airmaker, a joint venture between Infocomm, the Ascendas-Singbridge asset and investment holding group, and international trading group Runyang.

Infocomm will work with three more accelerators that will use the BASH space.

The project will look for enterprises and applications in smart building management, connected home/city applications (potentially including wearables, health and wellness, energy, and more), and connected industrial and manufacturing solutions, technology and infrastructure. Internet of Things (IoT) technology will be the common denominator bringing all of the above together.

Elementary

Across borders