China-headquartered telecommunications equipment provider Huawei has launched a Singapore-based deep tech accelerator called Huawei Spark to target the Asia Pacific region.
Huawei Spark is a partnership with government agencies Enterprise Singapore and Startup SG and its target areas include 5G, machine learning, the internet of things and edge computing technology.
The corporate’s Huawei Cloud subsidiary will provide participants in the accelerator with up to $100,000 in development funding and up to $125,000 in cloud credits.
An inaugural cohort of 15 startups will be shortlisted after the application deadline on October 4 to refine their proposals ahead of a virtual pitch deck the following month. Two winners will then be entered into global startup contest Slingshot 2020.