Homegrown tech start-ups to get help with winning government projects

Promising Singapore technology start-ups that do not have a strong track record may find it easier to win government projects.

The Infocomm Development Authority started a new programme on Thursday to help start-ups that do not meet existing financial criteria to bid for such projects. Under the programme, the rookie companies that cannot meet the financial requirements will be able to apply for accreditation and use this to apply for government projects instead.

To qualify for accreditation, firms need to have unique products with a big impact and an annual revenue of less than $10 million, among other criteria.

The accreditation programme will initially focus on companies with software products. Application is expected to open in July.