TechInnovation 2016 attracted more than 2,700 participants seeking business opportunities from over 300 featured technologies

TechInnovation 2016 attracted more than 2,700
participants seeking business opportunities from over 300 featured technologies

The fifth edition featured the new Enterprise
Europe Network segment and Platform Technologies panel on Smart Nations

SINGAPORE, 3 October 2016 –  TechInnovation concluded its
fifth edition, with over 2,700 participants in attendance, nearly a 30%
increase from last year’s turnout. The event also saw 120 exhibitors showcasing
more than 300 emerging and ready-to-market technologies. The annual two-day
technology marketplace is Singapore’s premier technology brokerage event that
brings together international and local technology providers and seekers to
explore technology and business collaboration opportunities through open
innovation.

Organised by IPI, TechInnovation was also an
anchor event of the inaugural Singapore Week of Innovation and TeCHnology
(SWITCH). Guest-of-Honour, Deputy Prime Minister Teo Chee Hean, Coordinating
Minister for National Security and Chairman of the National Research Foundation
Singapore delivered the opening address.

This year’s event, themed “Discover, Connect
& Collaborate”, had its unique crowdsourcing segment, crowdpitching
sessions and conference tracks on additive manufacturing and Internet-of-Things
(IoT) security. TechInnovation also introduced a brand new segment on
Europe-Singapore Partnership Opportunities, giving local enterprises the
opportunity to expand their reach and connect to the Enterprise Europe Network
(EEN) partners from the Czech Republic, France, Germany, Hungary and Spain.

“We saw a strong attendance by delegates and
exhibitors who came together to share innovation practices and emerging
technologies at TechInnovation this year. SMEs accounted for over 70% of the
delegate count. We are especially pleased with the number of technology
providers who turned up seeking partnerships and collaborations with the SMEs.
Commercialising these technologies will prove mututally beneficial for both
sides. The success of this year’s event emphasises IPI’s commitment to its
business-technology matching practices”, said Professor Lam Khin Yong,
Executive Director of IPI.

Over 400 business meetings were initiated over
two days, with international participants from countries such as Norway, Saudi
Arabia, Japan, Korea and Thailand.

Over 70 International Speakers Presented over
Two Days

Having addressed a full-house at
TechInnovation’s crowdsourcing segment, Wong Wai Meng, CEO of Keppel Data
Centres  shared, “The excitement and energy can be felt throughout the
event and it’s really heartening to see that our enterprises and people are
taking innovation seriously.”

“We had a great panel session on IoT Security
where I shared some examples from Lux Research about our upcoming projects and
new taxonomies for innovators in this space. The audience was receptive and we
all shared a common goal; finding new applications specifically for IoT and the
corresponding security challenges we face. With Singapore’s focus on Smart
Nation technology, the security aspect is especially critical,” said Cort
Isernhagen, Managing Director, Asia Pacific at Lux Research.