The startup ecosystem in Singapore is to receive a huge boost after the Media Development Authority of Singapore (MDA) has announced it will be launching its new “Superincubator”, a 16,000 sqm area dedicated to Singapore’s startups, incubators and service providers.
Located in the Ayer Rajah Crescent near Buona Vista MRT, the MDA’s new initiative is part of a larger campaign by the authority known as the Mediapolis Phase Zero, with the sole intention of accelerating the development of next-gen consumer applications.
The super incubator, similar to initiatives like TechHub in London, will bring lots of different companies from the Singapore media sector, not only providing space for them to work but welcome collaborations between them. Boasting seven floors, the building will supply office space averaging around 90 sqm, featuring air conditioning, internet access and lighting.
For all of that, the authority will charge an average of S$16 per sqm. Startups can apply for offices now and will become available at the beginning of 2011 through to December 2013, obtaining three months rent free if they apply before December 31 2010.