Intelligent SME.tech Issue 26 | Page 10

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Huawei Cloud partners Singapore IMDA to launch the inaugural Spark Incubator programme
Huawei Cloud launched the inaugural Spark Incubator programme as part of its partnership with the Infocomm Media Development Authority ’ s ( IMDA ) PIXEL Innovation Hub .
It targets early-stage Singapore-based start-ups in the pre-seed and seed space from sectors including FinTech , Web3 , Metaverse and Softwareas-a-Service ( SaaS ) focused enterprises , aiming to support their growth to Series A and expansion in Singapore and ASEAN region .
The programme aims to incubate up to 12 start-ups per cohort for a period of five months and will be run twice over the span of a year .
It will provide access to valuable resources and expertise from Huawei and IMDA to further accelerate and grow their business .
Start-ups are expected to receive third party financing over S $ 250k or increase their valuation by at least 20 % or cross S $ 250k at its annual revenue in the post-programme .
Mastercard empowers small businesses through Start Path
Wondershare and Intel offer business programme for SMBs
Mastercard is expanding its commitment to small and medium enterprises ( SMEs ) with a new programme in its global start-up engagement programme , Start Path , specifically tailored to companies supporting the digital needs of SMEs .
The start-ups that will be selected for the Start Path Small Business programme will demonstrate strong synergies with Mastercard ’ s approach to helping entrepreneurs around the world grow and thrive
by empowering them with digital payment solutions , data insights and innovative tools to run their enterprises more efficiently and securely .
“ With SMEs accounting for 90 % of all global businesses and representing US $ 50 trillion in annual spend , it ’ s critical that we collaborate to address their diverse challenges and different priorities across industries and regions ,” said Sabrina Tharani , Vice President , Global Startup & Venture Partnerships at Mastercard .
Wondershare has announced its partnership with Intel .
Some of the world ’ s leading creative software providers and hardware suppliers will work together to provide software for SMBs to better adapt to the constantly changing demands of digital businesses .
According to the 2022 McKinsey Report , since SMBs are responsible for contributing more than half of the GDP in high-income countries , there has been a collaborative effort from governments and large corporations to help SMBs excel and maintain economic stability after the outbreak of COVID-19 .
and Intel collaborate on the Software Bundle for Business Programme to provide SMBs with access to key software , extended trials , discounts and app credits .
Among the many software solutions , video editing is one of the most desired by SMBs .
One-third ( 33 %) of SMBs who responded to a recent Intel survey said video creation is an essential part of their marketing strategy . �
In response to SMBs ’ business characteristics and needs , Wondershare
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