The Chinese telecommunications giant Huawei, in collaboration with NUS Enterprise, has launched the first Internet-of-Things (IoT)-focused startup accelerator called i5Lab in Singapore. NUS Enterprise is the entrepreneurial arm of National University of Singapore (NUS).
Located at Block 71 at One North District, i5Lab will focus on developing IoT solutions such as Smart Living, Transportation, Smart Logistic, etc., that will help build a Smart Nation. The 10-week accelerator program will also assist startups with mentorship, access to investors, and provide industry-grade test beds.
This means that the startups incubated in i5Lab will gain access to Huawei’s expertise in developing IoT products, thus building a competitive industry ecosystem. They can verify their solutions in an actual network environment.
Additionally, the startups will be able to scale their products to different markets and verticals. They can participate in joint marketing through Huawei’s Customer Solution Innovation & Integration Experience Center (CSIC), and large-scale events such as NUS Enterprise’s flagship event InnovFest unbound and CommunicAsia.
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“In tandem with Singapore’s Smart Nation initiative, the i5Lab will provide the support, test bed capabilities and networks to enable tech entrepreneurs to capitalize on new opportunities arising in the IoT space,” said Professor Wong Poh Kam, Director, NUS Enterprise Centre.
“With one of the most connected societies, open data sets and high-skilled ready talent, Singapore is an excellent test bed to nurture IoT ideas that will bring us closer to a smarter future. We hope that start-ups will make full use of this collaborative platform and leverage on accumulated knowledge of industry-leading technology and expertise from Huawei and our global partners,” said Lim Chee Siong, Chief Marketing Officer, Huawei Southern Pacific.