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SINGAPORE - Singapore technology start-ups looking to deploy their artificial intelligence (AI) and Internet of Things (IoT) products and solutions can do so much faster with help from the new PlanetSpark Innovation Centre.
Launched in Changi Business Park on Tuesday (Jan 12), the centre is an accelerator that aims to aid these companies develop a proof-of-concept of their offerings within six months, instead of taking possibly two to three years.
After that, the centre will try to help the companies commercialise their products in the next six months and introduce the firms to customers and other players in the industry.
The centre, which occupies 10,000 sq ft of office space staffed by 10 employees, is getting a $5 million initial investment by PlanetSpark, the entrepreneurial and investment arm of Singapore electronics component distributor Excelpoint Technology.