As a key contributor to the Digital Economy strategy, the IMDA Accreditation programme has a vital role in growing and nurturing the local ICM technology ecosystem. The programme was launched in July 2014 to:
Accredit promising and innovative Singapore-based high-growth ICM product companies to establish credentials and position them as qualified contenders to government and large enterprise buyers.
Provide potential end users with the assurance of the accredited companies’ product core functionalities and ability to deliver.
Build an innovative technopreneur ecosystem to drive economic growth, inspire the younger generation, and build more innovative products and tech product companies that can scale overseas.
To improve the quality of cybersecurity products of SMEs in Singapore through the adoption of Common Criteria (CC) certification, IMDA launched a new SecureTech track with CSA under the IMDA Accreditation programme from March 2019. This is part of the efforts to grow the Cybersecurity ecosystem in Singapore and enable IMDA Accredited SecureTech companies to expand internationally through tapping on the track record built in Singapore. Through the SecureTech Track, IMDA and CSA will also encourage and ease the adoption and procurement of IMDA Accredited SecureTech products by government agencies and enterprises. Under this new track, companies are required to obtain CC certification for the product to be accredited.
Companies interested in SecureTech track can find out more on the details of the process in our Guidelines (590.10KB).
To achieve accreditation, companies have to be evaluated on three aspects: Technical, Financial and Operations, as shown in Figure 1.
FIGURE 1: KEY AREAS FOR ACCREDITATION EVALUATION
To date, we have accredited a varied of innovative tech products and more companies are currently undergoing the accreditation process.
Helping Companies Win Work
Continuing Outcomes (Updated as of March 2022)
Over S$814 million worth of project opportunities created for accredited companies. To date, over 2,000 projects have been awarded.
The accreditation process and increased business traction also increases the attractiveness for growth capital investment by changing the risk reward ratio for investors. To-date, more than S$450 million of new growth capital has been invested in our companies during and after accreditation.
Tech Acceleration Lab
Through the Tech Acceleration Lab, it is envisaged that Singapore-based technology product companies can have a strong foothold in securing projects from Government-led demand, and pull-through from the initial Proof-of-Concept (PoC) stage to a successful production deployment.
Technology product companies that enable and support the digital transformation of Government Agencies often face challenges with long PoC cycle due to the lack of knowledge in Government security and deployment requirements, as well as limited access to production-like PoC environment. On the other hand, Government Agencies that are keen to adopt leading-edge technologies also face challenges, for example the long and tedious process time required in setting up a test environment even for a short-term PoC.
The Tech Acceleration Lab (TAL) is an initiative that aims to accelerate the PoC cycle time and seamlessly transition into a production environment to enable Singapore-based technology product companies to compete in future tenders, generate more lead demand opportunities with Government Agencies.
Hear more about how one of our portfolio companies has benefitted from the Tech Acceleration Lab.
This video was originally published on https://www.techinasia.com/video/series/bye-long-poc-cycles-tech-startup
For clarifications or to find out more details on the programme, please contact email@example.com.
One of our strategic partners, Defence Science and Technology Agency (DSTA), is keen to connect with technology-SMEs who possess innovative and game-changing ideas that can contribute to Singapore’s defence capabilities. If you are interested, DSTA would like to hear from you here.
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