Ampotech joins Infineon's first Co-Innovation Space
Infineon Technologies today opened its first global Co-Innovation Space to help startups create prototypes or viable semiconductor solutions for rapid commercialization. Singapore-based internet of things (IoT) startup Ampotech is one of four companies selected for the year-long program, which will see the two companies collaborate on cybersecurity for IoT systems.
The first of its kind for the company, the 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. 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.
“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.
For Ampotech, a specialist in collecting and analyzing electricity usage data from buildings using its own devices and software platform, working with Infineon made sense for both technical and strategic reasons. Ampotech Co-Founder William Temple said, “We believe in being proactive about security, and this partnership with Infineon allows our team to work with some of the top hardware security professionals in the region while benefitting from Infineon’s global customer and partner network.”
The Co-Innovation Space was launched at the inaugural Infineon OktoberTech Asia event. The collaboration is expected to continue for the next one year, resulting in the creation of new products and services leveraging both companies’ expertise.