SINGAPORE – Media OutReach – October 16, 2023 – Last Friday at OktoberTech™ Asia Pacific, Infineon Technologies (FSE: IFX / OTCQX: IFNNY) opened its expanded co-innovation space in Singapore to welcome more startups from Singapore and of the Asia-Pacific region.
Infineon also announced a collaboration with the Korea Agency for SMEs and Startups (KOSME) to drive the Asian innovation ecosystem for decarbonization and digitalization solutions. KOSME will present Korean startups offering innovative solutions for the assessment and evaluation of their engineering needs at Infineon. Selected startups will have the opportunity to be part of the Infineon Global Startup Co-Innovation Program in Korea or become a resident partner of the Co-Innovation Space in Singapore if they wish to develop and test their solutions in Singapore and South Asia. East.
“We face a future dependent on revolutionary solutions in green and efficient energy, smart and secure IoT and clean and safe mobility,” said CS Chua, President and Managing Director of Infineon Technologies Asia Pacific . “Today’s announcement of a larger co-innovation space and our partnership with KOSME reaffirms our commitment to shaping a sustainable future with our ecosystem.
Launched in 2018, Infineon Co-Innovation Space is part of Infineon’s global startup co-innovation program to help startups with product development by providing semi-automatic technology support, guidance and mentoring. drivers. The Co-innovation Space in Singapore is the only location with a dedicated workspace for startups wishing to complete a 12-month program with Infineon. Startups in the program can leverage Infineon’s ecosystem, which includes customers and business partners, in countries where Infineon has a presence.
Infineon has made Singapore its Asia-Pacific base for more than 50 years, investing S$700 million over the past decade. Singapore is the leading development site for smart factory solutions and the global testing center for automotive microcontroller units. It is also a key node for Infineon’s global distribution and one of the leading microelectronics R&D centers in Asia.
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