Capgemini launches Applied Innovation Exchange in Singapore to serve Southeast Asia region

• Latest Applied Innovation Exchange (AIE) takes Capgemini’s global network to 10 innovation centers worldwide.
• Singapore entrepreneurs invited to take part in InnovatorsRace50: a chance to win equity free-funding of US$50,000 and global business support.

Capgemini, a global leader in consulting, technology and outsourcing services, today announced the launch of its newest Applied Innovation Exchange (AIE) located in Singapore. The exchange will deliver a robust service catalogue, within an ecosystem of other AIEs, including a focus in areas such as data analytics, visualization, artificial intelligence and cognitive computing. It will be Capgemini’s first AIE in Southeast Asia and 10th globally, in addition to its complement of Applied Innovation Discovery Centers. In line with Singapore’s ‘Smart Nation’ vision which is designed to harness digital technologies as powerful catalysts for change, the AIE will strengthen Singapore’s reputation as an innovation hub by expanding the region’s innovation capacity and bolstering the development of local talent, to co-create a technology-enabled future.

Capgemini’s AIE enables local and regional organizations to future-proof themselves, by proactively planning for forthcoming transformations by responding in an agile way that breaks with the traditional siloed models of Research & Development (R&D).
“Businesses are now focused on how to embrace and apply innovation with speed and scale in a secure and sustainable way. This requires a new way of thinking and working, in which companies drive corporate innovation through collaboration with a broad innovation ecosystem, to reinvent themselves for tomorrow’s business challenges,” said Lanny Cohen, Global Chief Technology Officer and member of the Group Executive Committee at Capgemini. “With its vibrant start-up scene and business friendly environment, Singapore is the vanguard of Asia’s rise as an innovation superpower and the perfect location for Capgemini to establish our first AIE in Southeast Asia.”

Capgemini’s AIE Enhances the Start-up Ecosystem
From the beginning, the Singapore AIE will be working with Capgemini’s partners and academic institutions in Singapore, to develop a databank of knowledge and expertise specifically for Singapore. It will also work globally with existing AIEs in locations such as London, Munich, Mumbai, Paris, and San Francisco.

How the Applied Innovation Exchange Works
Leveraging Capgemini’s inherent culture of applied innovation, the AIE framework helps organizations foster a structured approach to drive the innovation process comprising four phases – Discover, Devise, Deploy, and Sustain. It enables companies to systematically work through the process of innovation, uncover and experiment with new creative ideas, while simultaneously remaining agile enough to respond to the constant market and technology shifts. Companies from industries such as automotive, manufacturing, consumer products and retail, banking and insurance, and energy and utilities have used this framework to help to drive real and sustainable growth opportunities for their businesses. The new AIE will also function as a gateway to broader and deeper knowledge by providing businesses from Singapore and neighbouring nations access to a wider global ecosystem of emerging technologies and innovation collaborators, as well as to the entirety of Capgemini’s leading innovation capabilities and expertise.

Samuel Tan, Chief Digital Officer, Singapore Power said, “In today’s fast changing world, innovation does not happen in a vacuum, and cannot be contained within an organization. Innovation is a process, and requires an ecosystem of partners that enable you to be aware, agile and imaginative. Rapid innovations with a fail-fast mindset are critical to foster this ecosystem. The traditional models of procurement are also fast changing since innovation is not confined to a single partner, and hence cannot be “procured”. When it comes to innovation, the ecosystem outpaces the individual, and therefore, finding the best brains to collaborate with is the mantra for smart innovation.”