Finalists announced in new Singapore-Cambridge startup competition

CAMBRIDGE, U.K., May 30, 2013 - Three technology startups from Singapore are in the running to win a new mentorship competition run by leading UK software company Red Gate and Singapore's Infocomm Development Authority (IDA).

The winners will receive an all-expenses paid trip to Red Gate's Cambridge headquarters, where they'll work for six weeks alongside the team that transformed Red Gate from a startup to a global technology business.

Taylor Vinters, a Cambridge-based law firm that specializes in technology and investment, will offer the winners extra support during their trip, introducing them to representatives from Cambridge's world-class venture capital and technology community.

“First of its kind”

The competition was launched earlier this year at the Cambridge Connection, a networking forum aimed at strengthening the ties between the technology hubs in Cambridge and Singapore.

“It's been tremendously exciting to work with the IDA on this mentoring scheme – we believe it's the first of its kind,” said Angus Chudleigh, Head of Red Gate's Singapore Office.

To reach the final stage of the contest, the startups saw off competition from 25 other companies in a pre-selection round and an online video-pitch to the mentoring team at Red Gate.

Gareth Marlow, Divisional Manager at Red Gate and part of the mentoring team, said, “From what we've seen, there are some very cool things happening in Singapore's startup sector at the moment.

“It's fantastic that Red Gate has the opportunity to support their innovations, and I'm eager to see what we can learn from each other in September.”

Tim Pullan, head of Taylor Vinters' Asia office said, “Following the recent successful launch of the Cambridge Connection two tech cities initiative in May, this exciting competition is further evidence of real deals being done, and shows tangible collaboration, investment, and strategic partnerships between the Singapore and Cambridge tech communities.”

Final judging round kicks off June 4

The winner will be announced in June, following a pitching session at Asia's largest technology conference, Echelon 2013, held in Singapore. The finalists will present the full case for their businesses to a judging panel of Red Gate and IDA representatives.

The finalists are:

-ENDS-

Notes to editors:

Red Gate Software was founded in 1999 in Cambridge, UK, by Simon Galbraith and Neil Davidson. It now employs over 280 people in Cambridge, Singapore, and Pasadena, California. Red Gate's software tools are used by 640,000 IT professionals worldwide and the company has been repeatedly recognized as one of the UK's best places to work. Over the past five years, Red Gate has incubated and supported a number of Cambridge startups, including Blinkpipe, founded by former directors of FTSE100 technology company ARM Holdings. www.red-gate.com

Taylor Vinters is a successful next generation law firm with a commitment to being one of the elite law firms operating internationally in the areas of technology, investment, and private client. Headquartered in Cambridge UK, Europe's innovation capital, and operating from its offices in London, Singapore, and Cambridge, its team of entrepreneurially minded people serve an international client base of private individuals, fast-growth companies, multinationals, investors, and non-profits. www.taylorvinters.com

Contacts:

Tom Russell
Red Gate Software
+44 1223 438774
tom.russell@red-gate.com

Tim Hill
Taylor Vinters
+44 1223 225292
tim.hill@taylorvinters.com

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