Capgemini launches Applied Innovation Exchange in Singapore

Participating start-ups may win equity-free funding of US$50,000.

Consulting, technology, and outsourcing services provider Capgemini has launched its newest Applied Innovation Exchange (AIE) in Singapore, which aims to boost the country’s position as a regional innovation hub.

The AIE is a global platform that seeks to enable enterprises to discover industry-relevant innovations and serves as a gateway between multinational clients and the global ecosystem. The AIE framework helps organisations foster a structured approach to drive the innovation process across four phases—Discover, Devise, Deploy, and Sustain.

Through the AIE, organisations are provided access to Capgemini’s unique network of start-ups, accelerators, incubators, strategic technology and business partners to enable them to proactively plan for and respond to various technology and business shifts.

“Businesses are now focused on how to embrace and apply innovation with speed and scale in a secure and sustainable way, requiring a new way of thinking to drive corporate innovation,” said Lanny Cohen, Global Chief Technology Officer and member of the Group Executive Committee at Capgemini. Cohen added that they decided to put up an AIE in Singapore owing to its vibrant start-up scene and growing role as a FinTech hub.

Capgemini is working closely with the Singapore Economic Development Board (EDB) for various initiatives aimed at providing training and employment for local talent. Capgemini offers a 12-month graduate program for professionals in the technology sector. It has hired 35 graduates in the country over the past six months, and plans to hire 50 more to further boost talent development.

Capgemini has also launched the 50th Anniversary edition of its annual Innovators Race, which provides start-ups with an international platform to showcase products, services, and innovative uses of technology. Five winners will win equity-free funding of US$50,000, as well as the opportunity to become a Capgemini partner.