The partnership seeks to provide AI-related training and education for the workforce and to promote Singapore

Singapore-based private investment company Marvelstone Group has announced today the signing of Memorandum of Understanding (MOU) with A*ccelerate, which is the commercialisation arm of the Agency for Science, Technology, and Research (A*STAR), Singapore-owned agency for fostering scientific research and talent.

Also Read: Go-Jek teams up with DBS to support its Singapore expansion

The main purpose of the collaboration is to develop a global AI Hub as a community for innovative companies, including startups, in the AI business.

Both parties will work together to improve access to talent by facilitating training and AI education, technology, financing, partnership, and networks for AI industry with the goal of accelerating growth. The immediate task following the signing is creating AI companies that would be applied in industries such as fintech, healthcare, manufacturing, and transport.

“The key mandate behind this partnership is to promote Singapore as a choice venue for AI companies from abroad to establish an office for expansion into the region. We commit to establishing a co-innovation platform to generate and validate ideas for AI solutions,” said Joel KO, President of Marvelstone Group, who’s also behind LATTICE80.

Also Read: Hmlet raises US$6.5M to expand its co-living rental business in Southeast Asia

Formerly known as ETPL, A*ccelerate is the commercialization arm of the Agency for Science, Technology, and Research (A*STAR).

As one of the early adopters of AI, Singapore’s government committed to training 10,000 workers in AI-related skills.

–

Image Credit: Marvelstone

The post Singaporean private investment Marvelstone Group signs MOU for AI incubation with A*ccelerate appeared first on e27.