Investment in Singapore to reach $140m over next five years
JUSTINA LEE, Nikkei staff writer
SINGAPORE — Hewlett Packard Enterprise launched its new headquarters covering Asia here Monday, as the company seeks to tap the region’s growing demand for new technologies.
The new Asia Pacific and Japan headquarters brings all of HP Enterprise’s facilities under one roof, including marketing, research and development and an innovation center. The U.S. company reports seeing “strong growth across ‘internet of things’ and hybrid IT technologies, particularly in Singapore, Japan, Australia and India.”
HP Enterprise noted strong interest and demand for new technologies among companies that wish to develop their current information technology consumption models for the future.
The company sees Singapore as “the best place” to base its regional operations, calling the country “an innovation hot spot” in the region. Singapore has seen a wave of innovation and incubator programs by both local and multinational companies. IBM and Standard Chartered Bank launched their own innovation labs last year in Singapore.
HP Enterprise also will lead a three-year InnovateNext program with Singapore’s Economic Development Board that will partner with local tech startups and help customers develop and commercialize solutions for industries, including manufacturing and financial services.
InnovateNext, together with the new regional headquarters, will bring HP Enterprise’s investment in Singapore to $140 million over the next five years. The innovation program plans to support 12 startups. The company also aims to co-innovate and develop 10 solutions with customers over the next three years. Participants of the program will be granted access to HP Enterprise resources and mentorship.