Infineon collaborates with CapitaLand Investment, Hyundai Motors to spur innovative startups in Asia
By Digital News Asia October 28, 2021
- Will work with CapitaLand Investment to inspire innovations for sustainability
- Hyundai Motors for innovations on future mobility, smart cities, smart factory
Infineon Technologies announced in Singapore yesterday separate collaborations with CapitaLand Investment and Hyundai Motor Group, to empower startups in Asia to develop innovations in sustainability, future mobility, smart cities and smart factory.
“This is the first time that Infineon is collaborating with the two, to empower our communities of startups to deliver innovations that can make life easier, safer and greener,” said Chua Chee Seong, President and Managing Director, Infineon Technologies Asia Pacific. “We welcome CapitaLand Investment and Hyundai Motor Group into our Asia Pacific innovation ecosystem. Together, we aim to inspire new electrification and digitalization solutions that address real world challenges and make the world a better place for all.”
CapitaLand Investment’s Smart Urban Co-Innovation Lab1 will spearhead this collaboration with Infineon. The lab is Southeast Asia’s first industry-led platform focused on smart cities solutions that brings together leaders across various industries to catalyze co-innovation communities and seed new market opportunities, leveraging Singapore Science Park as a living lab.
(The lab is led by CapitaLand Investment and supported by Ascendas Real Estate Investment Trust, Infocomm Media Development Authority and Enterprise Singapore.)
Infineon will work with startups on innovations for sustainability such as energy management and urban farming. Additionally, Infineon and the lab are keen to bring communities of startups together to inspire innovations for a better world. These will involve sustainability-themed engagements such as workshops, technology demos or networking sessions.
With Hyundai, a global corporation with a value chain based on automobiles, steel, construction, logistics, finance, IT and service, Infineon aims to empower startups with innovations in future mobility, smart cities and smart factory. Startups selected by Hyundai and Infineon will be offered the opportunity to be in Infineon’s Co-Innovation Space in Singapore. Subsequently, the collaboration will also be expanded globally.
Infineon has a strong track record of successfully empowering startups at its Co-Innovation Space located where its experts provide insights and guidance to startups on systems engineering, chip and system design, business innovation and design thinking. Infineon experts help startups improve the quality, reliability, performance and value for real-world applications.
Startups have “graduated” from the Co-Innovation Space, which was established in 2018, with some showcasing their innovations yesterday at Infineon’s OktoberTech Asia Pacific, an annual symposium for corporate innovators, startups, academics, investors, and policy makers.
Gan Kim Yong, Minister for Trade and Industry of Singapore, was Guest-of Honor while Dr Helmut Gassel, Chief Marketing Officer at Infineon delivered the keynote speech at this year’s symposium, a hybrid event with global and regional experts speaking on topics relating to Innovation for Sustainability.
Infineon has made Singapore its Asia Pacific base for more than 50 years, investing US$520 million (S$700 million) over the past decade. Singapore has become the lead site for smart factory solutions development and the global test hub for automotive microcontroller units. It is also a key node for Infineon global distribution and one of the major microelectronics R&D centers in Asia.