July 30, 2014 / 12:45 AM / in 3 years

SINGAPORE PRESS-Nine startups apply for scheme that helps homegrown firms bid for govt projects - Straits Times

Homegrown technology startups will be considered first over more established firms for government projects under a new scheme and nine startups have already applied for this.

Called Accreditation@IDA, the scheme was launched in April and is run by the Infocomm Development Authority.

The scheme helps startups without a track record or financial muscle -- and would otherwise not meet the stringent criteria to apply for government tenders -- get a foot in the door. Government agencies can skip the usual tender process and sign a contract with any accredited startups that meet their criteria.

bit.ly/1AwhvKA NOTE: Reuters has not verified this story and does not vouch for its accuracy. Reporting by Aradhana Aravindan; Editing by Prateek Chatterjee

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