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PlanetSpark Innovation Centre, First Hardware-targeted Accelerator for AIoT Innovations Led by Singapore Company, is Launched to Enable Tech Startups Achieve Market Deployment

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Backed by its SGX-listed parent company Excelpoint and supported by Enterprise Singapore, PlanetSpark Innovation Centre will be investing an initial S$5 million to expand its engineering capabilities, expecting to benefit more than 30 local startups over the next 3 years, while creating new opportunities across the semiconductor supply chain.
SINGAPORE, Jan 12, 2021 - (ACN Newswire) - PlanetSpark Pte. Ltd., the entrepreneurial and strategic investment arm of SGX mainboard-listed Excelpoint Technology Ltd(1) ( Excelpoint ), today announced the launch of PlanetSpark Innovation Centre, the first hardware-targeted accelerator for Artificial Intelligence of Things ( AIoT ) innovations, dedicated to supporting Singapore tech startups speed up market deployment.
Supported by Enterprise Singapore and backed by Excelpoint, PlanetSpark will invest an initial S$5 million to expand the centre s engineering capabilities and develop technology platforms, and has secured a lineup ....

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Singapore gets new innovation centre in boost to advanced manufacturing sector

Singapore gets new innovation centre in boost to advanced manufacturing sector
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New innovation centre aims to help local tech start-ups bring AI, IoT products to market faster

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. ....

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