AsianScientist (Aug. 29, 2017) – Techbridge Ventures, a subsidiary of Nanyang Technological University, Singapore (NTU Singapore) has entered a collaboration with PC Partner, one of Hong Kong’s leading electronics manufacturers, to establish a new corporate incubator called InnoPartner Private Limited.
NTU is a leading global player in sustainability research and cleantech solutions. Under the university’s EcoCampus living lab program, a broad variety of innovative solutions to promote and deploy energy efficiency and sustainability are tested on campus as part of the university’s drive to build smart and sustainable communities.
On the other hand, PC Partner is a Hong Kong mainbntoard-listed company with US$740 million revenue (HKD $5.8 billion) as of 2016, operating an extensive manufacturing supply chain in China and a worldwide distribution network for product commercialization.
The partnership between the two comes as Asia prepares to meet strong demand for cleantech products and services that can reduce pollution and conserve energy. According to the Asian Development Bank Outlook 2016 report, Asia is home to 4.4 billion people. 700 million of those have no access to electricity and nearly 1.7 billion have no access to safe drinking water. The region therefore offers significant opportunity for companies that provide solutions to these environmental pressures.
“This is an exciting partnership that will allow Techbridge Ventures and PC Partner to provide a one-stop holistic package for Asia’s innovators to successfully commercialize and bring their innovative ideas to market,” said Mr. Ho Voon Yee, Chief Executive Officer of Techbridge Ventures.
Based at NTU Singapore, InnoPartner will identify, develop and commercialize promising technologies by tapping on the extensive intellectual property (IP) portfolio of Techbridge Ventures’ partners. It will also offer small and medium-sized enterprises (SMEs) and early-stage entrepreneurs advice and assistance in the strategic planning, operations and global expansion of their electronics cleantech ventures and start-ups.
The joint venture agreement was signed by Ho, Dr. Lim Jui, Chairman of Techbridge and Chief Executive Officer of NTUitive, NTU’s innovation and enterprise arm, and Mr. Leung Wah Kan, Chief Operating Officer of PC Partner, at the Singapore-Guangdong Collaboration Council meeting in Guangzhou.
Also present at the signing ceremony were Mr. Ong Ye Kung, Singapore’s Minister for Education (Higher Education and Skills) and Mr. Ma Xingrui, Governor of Guangdong, who both co-chair the Singapore-Guangdong Collaboration Council.
“The joint venture will sharpen PC Partner’s competitive edge with access to innovative technologies and introduce PC Partner’s development expertise to Singapore. This will not only boost the growth of Singapore’s dynamic cleantech sector, but also create new jobs and bring other economic benefits,” said Lim.
Source: Nanyang Technological University; Photo: Shutterstock.
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