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ST Engineering launches innovation accelerator programme

ST Engineering launches innovation accelerator programme

It will address needs in mobility, energy, and healthcare.

ST Engineering launched its engineering-based incubator, Innosparks, that will address needs in mobility, energy, healthcare, and related sector.

According to a press release, Innosparks will offer a through-train program that will enable individuals or startups accelerate their innovation within 18 months or less.

The programme will cover up to $500,000 in funding, allow access to Innosparks' engineering expertise, and provide innovation capabilities and equipment.

"This open innovation architecture is unique in that it drives a fast-fail fast iteration approach, helping individuals/startups to design for market right at the start, iteratively building and testing their prototypes to be commercially viable products within 18 months or less," ST Engineering said.

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Once the innovators enter the commercial scaling stage, they will be connected to ST Engineering's corporate venture unit, ST Engineering Ventures.



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