A new Accreditation@IDA programme was also launched at the opening event. It aims to help innovative technology start-ups build their credentials so that they can be positioned as qualified vendors capable of handling projects by government agencies and large enterprises.
Companies that apply for accreditation will need to undergo technical assessments to ascertain their product's core capabilities and claims. IT service providers HP and Cognizant will provide the software testing tools, along with accreditation best-practices and methodologies, at an accreditation lab set up within IDA Labs@HQ.
The accreditation programme will be open for application in July 2014. Companies' financial performance and operational capabilities will also be taken into account in the process. Successful companies would be awarded an accredited status for 18 months.
To enhance market opportunities for accredited technology start-ups, IDA will be engaging potential buyers in the public and private sectors to support these companies. For example, IDA will facilitate Proof-of-Concepts and product demonstrations to potential buyers and stakeholders. In addition, the Government procurement process is being reviewed to facilitate Government's procurement from accredited companies and enable Accreditation@IDA to be considered in place of financial grading for start-ups. (For more details on the Accreditation@IDA, please refer to Annex A).
"At IDA, we are constantly looking at different ways to help grow Singapore-based tech companies that have the vision to build tech products that address big challenges. IDA Labs and the Accreditation@IDA programme are two examples of how we want to help in practical ways to support the building of some great tech-product companies," said Steve Leonard, Executive Deputy Chairman, IDA.
As the support of industry partners is instrumental in growing tech talent and building tech companies and products, IDA Labs is partnering Red Hat to provide IDA Labs users with advice from Red Hat experts and the open source community. IDA Labs and Red Hat will also organise an international challenge to discover innovative technology projects that not only meet functional requirements, but also user-friendly and design-centric.
IDA Labs is also working with Intel to provide its latest technologies, R&D resources and technical expertise to IDA Labs users. Intel will also help local ICT companies bring their products to overseas markets via its global platforms.
IDA Labs' partnership efforts also extend to the Singapore Management University (SMU) Institute of Innovation and Entrepreneurship. The SMU community can use IDA Labs to test their ideas and eventually translate them into actual products and solutions. IDA Labs and SMU will facilitate the commercialisation of innovations, either through co-development or by adopting solutions to be used in government projects.
With the support of the Ministry of Education, IDA Labs will also be holding the Learn@Labs Day from 27 to 29 May. Students from different schools will have the opportunity to learn about and tinker with various technologies such as Arduino, Robotics and 3D Printing.