US venture firm 500 Startups and Enterprise Singapore (ESG) have entered a two-way partnership to nurture the growth of startups in Singapore and San Francisco, ESG announced in a press release on Tuesday.
500 Startups is the latest partner to join ESG’s Global Innovation Alliance (GIA), a network of Singapore and overseas partners in major innovation hubs abroad. GIA is a joint initiative between ESG and Singapore’s Economic Development Board.
Under the new partnership, 500 Startups and ESG have teamed up to run Global Launch, a new acceleration programme under the GIA.
500 Startups will run the Global Launch programme in San Francisco, which will support Singapore-based startups in establishing a presence in the city. Up to 20 startups will be selected to be part of this 16-week programme, with the first cohort set to begin in November.
Global Launch will conduct a week-long series of workshops that will help the startups develop their market strategy for the US. This is followed by a two-week intensive boot camp in San Francisco where they will be coached on sales, marketing and pitching.
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