TECHBRIDGE VENTURES JV NEWS
NTU's Techbridge Ventures and PC Partner seal joint venture to groom Asia’s promising cleantech start-ups
Techbridge Ventures, a subsidiary of Nanyang Technological University, Singapore (NTU Singapore), and PC Partner, one of Hong Kong's leading electronics manufacturers, are collaborating to establish a new corporate incubator that will groom Asia's most promising electronics start-ups focusing on clean technology (cleantech).
The cleantech sector which includes clean energy, environment and water, is poised for rapid growth. The incubator jointly set up by NTU’s Techbridge Ventures and PC Partner, InnoPartner Pte Ltd, will 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.
Based at NTU Singapore, InnoPartner will identify, develop and commercialise promising technologies by utilising the extensive intellectual property (IP) portfolio of Techbridge Ventures’ partners.
The joint venture agreement was signed today by Mr Ho Voon Yee, Chief Executive Officer of Techbridge Ventures, 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.
A major challenge faced by start-ups today is in translating early-stage prototypes to products ready for market and mass production. InnoPartner will address this market gap by providing high quality prototyping and manufacturing support for hardware start-ups, and allow them to scale up their production by leveraging PC Partner's manufacturing expertise and global supply chain to take their innovations to overseas markets.
A Hong Kong mainboard-listed company with $1 billion revenue (HKD $5.8 billion) in 2016, PC Partner operates an extensive manufacturing supply chain in China and a worldwide distribution network for product commercialisation.
Highlighting the significance of the partnership, Mr Ho Voon Yee, Chief Executive Officer of Techbridge Ventures said, “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 commercialise and bring their innovative ideas to
“Through InnoPartner, start-ups will be able to access the services of PC Partner, a company that is a trusted manufacturer to many international brands, and has in place strict IP policies to safeguard the interests of their clients,” Mr Ho added.
Mr Leung Wah Kan, Chief Operating Officer of PC Partner, said, “The establishment of InnoPartner with Techbridge will allow us to further expand our innovation initiative to access promising technologies for collaboration.”
Dr Lim Jui, CEO of NTUitive and Chairman of Techbridge, said, “InnoPartner exemplifies a win-win partnership between Singapore and international companies. The joint venture will sharpen PC Partner’s competitive edge with access to innovative technologies, and also introduce PC Partner’s development expertise to Singapore. This will not only boost the growth of Singapore’s dynamic cleantech sector, but also potentially create new jobs and bring other economic benefits”.
NTU is a leading global player in sustainability research and cleantech solutions. Under the university’s EcoCampus living lab programme, 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
The latest partnership comes at a significant time. Asia has potentially strong demand for cleantech products and services that can help reduce pollution and conserve energy. According to the Asian Development Bank Outlook 2016 report, Asia is home to 4.4 billion people with 700 million of those having no access to electricity and nearly 1.7 billion having no access to safe drinking water. The region offers significant opportunity for companies that provide solutions to these environmental pressures.