When it comes to innovation, there is no such thing as status quo — you either improve or decline relative to everyone else, and sitting in a comfort zone for too long could prove costly. That is the philosophy of Steve Leonard, the CEO of SGInnovate, the government entity that supports entrepreneurs leading Singapore's innovation efforts.
Many robots can already see and identify objects but artificial intelligence start-up Movel AI is looking to make them even "smarter", which could generate greater productivity for companies. In the third instalment of a four-part series on intellectual property, co-founders Bai Haoyu, 31, and Abhishek Gupta, 29, tell Lee Xin En how they are developing software that improves the vision of robots so they can be more accurate and less prone to accidents, and why they are filing a patent.
After leading a major push for innovation in new financial technology startups, Singapore is now eyeing healthcare technologies as the next big thing, with major investments planned in the area of artificial intelligence, according to Steve Leonard, founding CEO of Singapore state-backed SGInnovate and a former government official.
Its location and business ecosystem make Singapore one of APAC’s top destinations for entrepreneurs. SGInnovate CEO Leonard talks to João Marques Lima on the current entrepreneurial spirit in the city.
Singapore-based Taiger, which specialises in applied artificial intelligence (AI) solutions, has successfully closed its S$8 million ($5.87 million) Series A round, led by Tembusu ICT Fund I and state-backed investor SGInnovate.