Singapore, April 20, 2015 – SPRING Singapore and Intel Singapore today announced a joint initiative to support startups and Small and Medium-sized Enterprises (SMEs) interested in developing products and services in the Internet-of-Things (IoT) and Wearable segments.
The goal of this initiative is to establish an ecosystem of Singapore companies capable of developing world-class IoT and wearable products and services, based on Intel technology. The initiative is being managed under SPRING’s Partnerships for Capability Transformation (PACT) programme, of which Intel is a supporting member. Under PACT, Intel works closely with SPRING to identify SMEs and provide business and technology guidance.
Currently, there are nine local startups and tech innovators that are part of this initiative including T-Ware, ConnectedHealth, Newton Circus, gridComm, Trilogy Technologies, NexTan, RFCOM Technologies and Design Exchange. These companies have strong industry expertise in healthcare wearables, IOT solutions for remote patient/elderly monitoring, home energy management systems as well as expertise in wireless technology, manufacturing and user experience design.
Jointly, the members will identify projects and business opportunities in Healthcare, Home Energy Management and Assisted Living verticals. The Centre of Innovation for Electronics located at Nanyang Polytechnic will also provide consultation and engineering support for this initiative.
“SPRING is highly supportive of Intel’s mentorship role in this initiative. Building capabilities in IoT and Wearable technologies is a complex undertaking and we value the expertise and guidance from companies such as Intel. Through this collaboration under the PACT programme, SPRING will work closely with Intel to continue identifying projects and capability development programmes to support candidates in this initiative. The PACT programme, jointly administered by SPRING and Singapore Economic Development Board (EDB), encourages mutually beneficial partnerships between large organisations and SMEs in various capability building areas,” said Fung Mok Wing, Director, Partnerships for Capability Transformation (PACT), SPRING Singapore.
“We are pleased to be a part of the PACT programme and look forward to working with SPRING on this initiative, enabling solutions and platforms catering to industry needs,” said Sumner Lemon, Intel Country Manager for Singapore. “IoT is a rapidly growing market but faces scalability hurdles. By establishing a well-connected ecosystem with common goals focusing on verticals, we believe the Singaporean companies and tech innovators will be able to accelerate the development of products and solutions in the IoT and Wearable segments”.