From the website of Interactive Digital Media (IDM) Singapore:
The IDM Jump-start And Mentor (i.JAM) initiative aims to grow a self-sustaining capacity for continuous grassroots innovation in the IDM sector. Individuals and start-ups with breakthrough ideas that can be developed into innovative products and services will be matched with appropriate mentor support and funding, to bring about their realisation. The i.JAM initiative marshals support from industry players, business mentors and technology suppliers to provide bottom-up support to the transforming of innovative ideas into useful applications and breakthroughs.
IDM Office will appoint incubators to identify and nurture startups as well as to help them with funding on behalf of the IDM Office. These incubators will also advise the digital media entrepreneurs on the uniqueness of their ideas, aggregate startups with similar ideas, offer networks, and provide guidance on securing additional funding and general business advice.
In short, incubators help entrepreneurs nurturing their ideas into real business. These incubators are expected to take 10% to 25% ownership (or "invest", in another word) of the project cost of the startup.
Some ideas that are funded by this initiative includes: SharedCopy (an online service that allows its users to markup and annotate any website with a simple bookmarkelet), Spree2shop (aggregator of user reviews and owner replies of blogshops and sprees) and Comiqs (web based tool for creation of comic strips online) and so forth.
Find more detail about this initiative on IDM website
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