New lab will harness the power of disruptive technological and digital experiments to provide innovative new business solutions
A brand-new innovation lab will give organizations around the world the chance to harness the knowledge and expertise of BSI, the business improvement and standards company, to create innovative new technological and digital solutions.
The lab opens its doors today in LaunchPad @one-north, joining the vibrant ecosystem of more than 800 startups and 50 enablers from an array of industries ranging from biomedical sciences, infocomm, media, to urban solutions, electronics and engineering It is the first of its kind for BSI, an organization with a celebrated history in helping businesses overcome challenges, implement best practice and improve their resilience. The facility will function as a creative environment, with companies given the chance to design, experiment with and co-develop digital innovations to create new solutions for their business.
Harold Pradal, Chief Commercial Officer at BSI, said, “The opening of our innovation lab in Singapore is a statement confirming our intention to rapidly multiply the number of projects we are leading and supporting in the Asia Pacific region.
“We are opening our doors and inviting others to take advantage of our 120 years of expertise and knowledge. Our mission here is to develop partnerships that enable organisations to be more sustainable, digitally trusted and ultimately more resilient – by accelerating the adoption of new technologies that enable concrete improvements for society.”
The lab offers a physical collaborative space for clients and partners, providing an opportunity toembrace new concepts and create new ideas. It represents an enticing offer for start-ups andcompaniesseekingtoacceleratethedevelopmentofemerginganddisruptivetechnologies.
Equally, for more established organizations, including Small and Medium Enterprises (SMEs),larger organizations and institutions it provides opportunities to collaborate in technological development as well as partnership and investment. For academic institutions and government agencies, BSI’s market-leading expertise will deliver opportunities for industry and collaboration, including job opportunities and education and training.
Ms Linda Sein, Senior Vice President, Investment Facilitation, Singapore Economic Development Board (EDB), said: “We congratulate BSI on the opening of their innovation lab in Singapore. BSI’s decision to set up the lab here is a testament to Singapore’s position as a global business and innovation hub. We believe BSI’s innovation lab will contribute to advancing new technological solutions and digital capabilities for companies in Singapore and the region.”
Alvin Tan, Assistant Chief Executive Officer, Industry Cluster Group, JTC, said, “We are pleased that BSI has chosen LaunchPad@ one-north to setup their innovation lab. With close proximity to knowledge-based companies, institutes of higher learning and research institutes from a myriad of industry sectors, we look forward to knowledge-sharing and collaborative partnerships amongst BSI and the players in the Launch Pad ecosystem.”
The Infocomm Media Development Authority of Singapore (IMDA) helped BSI kickstart itsInnovation Lab with an “Audit 4.0” Innovation Call in November 2022. Through IMDA’s OpenInnovation Platform, BSI developed three problem statements and were matched with innovativestart-ups in the ecosystem. The winning startups LexaTexer – Enterprise AI, Augmenteed and TailRisk Analytics, won $90,000 of prize monies and will develop their prototypes at the BSI InnovationLab. This is part ofIMDA’s efforts to partner innovationlabs with an international reach,to helptech companies in Singapore commercialise their prototypes and market these productsinternationally.
Justin Ang, Assistant Chief Executive for Media, Innovation, Communications & Marketingat IMDA, said, “IMDA’s Open Innovation Platform is Singapore’s national platform for digitalinnovation. I am excited about the first of our collaborations with BSI to match them to start-upswith innovative solutions for their ‘Audit 4.0’ business. We look forward to more collaborations withcompanies like BSI to create a vibrant ecosystem in Singapore that supports the next wave of techcompanies.”
To find out more about BSI and these facilities, visit www.bsigroup.com.