SINGAPORE, Oct. 22, 2018 /PRNewswire/ -- Infineon Technologies (FSE: IFX / OTCQX: IFNNY) today opened its first global Co-Innovation Space to help start-ups create prototypes or viable semiconductor solutions for commercial showcase quickly.
The first of its kind for the company, this 250-square meter Co-Innovation Space at Infineon's Asia Pacific headquarters in Singapore aims to fast-track the product development process of start-ups. More than just a workspace, it is a year-long commitment backed by technologies, expertise and guidance from Infineon in Singapore and around the world.
Experts in the company will provide start-ups with training and guidance in design thinking, business innovation thinking, access to Infineon's research and development (R&D) and manufacturing facilities, and connections to major Infineon partners and customers in the region.
"The Internet of Things and big data bring new players into the electronics market and require strong collaboration across different know-how domains. Co-innovation is key to business success in this dynamic environment," said Helmut Gassel, Chief Marketing Officer at Infineon. "The Co-Innovation Space will be a living lab for Infineon and promising start-up partners. Together, we will develop new applications linking the real and the digital world."
"Working closely together with the start-ups give us the opportunities to exchange knowledge while providing them with access to technologies, network of partners and customers around the world. Through the Infineon Co-Innovation Space, we look forward to new products that will impact the world and make life easier, safer and greener for society," said Chua Chee Seong, President and Managing Director of Infineon Asia Pacific.
"The set-up of Infineon's Co-Innovation Space is an example of Singapore's efforts to encourage partnerships in germinating innovative ideas and allowing space for co-creation opportunities. As the role of innovation in driving economic growth becomes more important, we look forward to support top technology companies like Infineon to play a key role in creating such new collaborative platforms that will elevate Singapore's position as a top advanced manufacturing and innovation hub," said Mr. Lim Kok Kiang, Assistant Managing Director, Singapore Economic Development Board (EDB).
The four selected start-ups at this first Infineon Co-Innovation Space will be creating products for a variety of industries and markets across developing and developed nations. They are:
Singapore is home to the company's Asia-Pacific headquarters with more than 2,000 professionals in sales, research & development (R&D), distribution and advanced manufacturing leveraging elements of Industry 4.0. Its regional R&D team members are involved in areas such as concept and system engineering, IP generation, analogue and mixed signal modules design, chip product development, product and test engineering, production ramp-up management, and application engineering.
