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NYP’s COIE launches an IoT innovation community for SMEs

Nurdianah Md Nur | Dec. 2, 2015
The centre will bring the relevant industry catalysts together to encourage new business innovations, opportunities and growth.

COIE logo
Screenshot from NYP COIE website.

To help SMEs in Singapore benefit from the Internet of Things (IoT), Nanyang Polytechnic's Centre of Innovation for Electronics (COIE) has launched the IoT Open Innovation Community (IOIC).

Through the IOIC, SMEs can connect with ecosystem players, technology partners, research and knowledge institutions and relevant industry catalysts to explore, experiment and collaborate.

With SPRING's support, partnerships with large technology companies have been established for SMEs to tap on their technological know-how and gain market opportunities. Currently, some of its 100 members include Ascent Solutions, 1Rwave, Nextan, CitiCall, STMicroelectronics, MediaTek and NXP Semiconductors.

"In this age of IoT when everything is interconnected, businesses must support and complement one another through an effective co-innovation network. This is especially crucial in the IoT space as diverse technologies are involved," said Lim Siew Eng, Director of COIE.

She added: "With companies of diverse IoT capabilities coming onboard IOIC, businesses can tap on each other's strength and realise mutually beneficial growth opportunities. Creating new market value is key for businesses today to move up the innovation ladder."

COIE is one of seven Centres of Innovation that SPRING has set up in partnership with selected polytechnics and research institutes to tap on their strengths in key areas of capability, existing talent pools, established infrastructure and technical resources. SMEs can access these readily available resources like laboratory facilities and consult experts from research teams to exploit innovative frontiers.

 

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