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IBM encourages innovation across APAC

Nurdianah Md Nur | March 15, 2016
The winners of the Watson New Venture Challenge will be the first cohort of IBM’s TAG.PASS accelerator, and become part of the Watson Ecosystem.

IBM APAC New Venture Challenge
One of the winners with Tim Greisinger, Managing Director of IBM Singapore.

IBM has announced the 12 winners of the first IBM Asia Pacific New Venture Challenge.

The six-week challenge saw start-ups and tech companies building cognitive-enabled applications that aim to solve a variety of local industry needs. Participants included developers, software engineers, data scientists, and entrepreneurs from across the region. They were given access to the full suite of Watson cognitive services, and mentorship from IBM and industry executives in the lead up to the final pitch showdown.

Singaporean teams Raydar and Snapask, as well as Malaysia's Silverlake MyNet emerged as the top three teams under the Smart Lifestyle, Smart City, and Smart Banking categories respectively. The remaining nine teams from Singapore, India and South Korea include Cogniant.co, Embodied Sensing, Konversations, LocoBuzz, MobiCart, mClinica, Stock Flock, Swizzle, and Zumata.

The 12 teams will make up the first cohort of the TAG.PASS for IBM Watson accelerator programme, which is jointly run by IBM and the Infocomm Investments Pte Ltd (IIPL). They will be provided with a co-working space at IIPL's BASH (Build Amazing Startups Here) at Block 79 JTC LaunchPad @ one-north, mentoring, and demo days.

The winners will also be part of IBM's Watson Ecosystem - a community of more than 80,000 developers globally that are tapping into Watson APIs through the Watson Developer Cloud to pilot, test and deploy new business ideas. The ecosystem includes more than 500 partners across 17 industries and disciplines, 100 of which have already introduced commercial cognitive enabled apps, products and services to the market.

"The Watson Ecosystem is fundamental to the transformative power of cognitive technology across industries," said Tim Greisinger, Managing Director, IBM Singapore. "Our ecosystem growth is enabling our partners to build a variety of applications and services embedded with cognitive technology.  The Watson New Venture Challenge is just the beginning and it shows there are many brilliant ideas in this region that we can't wait to see come to life."

 

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