Successful New Product Development Cases with Grant Support
Offshore Renewable Energy Project DeveloperThe client is a subsea engineering and renewable energy project developer, delivering services under multi-million contracts globally. They were looking to develop an unprecedented technology that is mission-critical for offshore Floating Solar PV farms to relay electricity generated back to the land grid. We supported them in the (i) planning and monitoring of the full spectrum of R&D work, (ii) developing strategies for commercialisation, as well as (iii) securing significant grant support to offset the costs of developing and deploying the first prototype. The prototype was subsequently deployed in an offshore renewable project that was featured in global renewable energy publications, dubbed the 'first of its kind' in the world.
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Market Leader in Time Attendance IndustryThe client is a provider of time attendance solutions for over 25 years, operating across 3 countries and having worked with over 20,000 businesses. It was looking to modernize time attendance and HRMS systems by developing a powerful new suite of digital offerings, leveraging emergent technologies of AI, Data Analytics and IOT to help its customers to track employees' Digital Engagement & benefit from data curated within their organizations. We supported them in the (i) market validation to prove commercial feasibility of the new digital offerings, (ii) development of new business commercialisation strategies, as well as (iii) applying for significant grant funding to defray all developmental costs involved.
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Leading Market Research AgencyThe client is an established market research agency, looking to develop the next-generation public Opinion Crowdsourcing Digital Platform which leverages AI pulse-sensing and data visualisation to help leaders understand what their target audiences want in a deep, intuitive and revolutionary way that surpasses current market research capabilities. We supported the client in (i) validating potential commercial markets & use-cases, (ii) developing Go-To-Market strategies, as well (iii) securing significant grant funding to defray all costs involved to develop the Minimum Viable Product, which was subsequently successfully adopted by several government agencies and global research institutes.
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Oil & Gas Company of 26+ YearsThe client is a distributor of specialised equipment for the regional O&G industry. It was looking to diversify out of the sectorial depression into new 'blue-ocean' markets, and create sustainable competitive advantage by developing its own product. We supported the client by co-ordinating & project-managing the R&D of a disruptive AI-based solution for high-precision personnel and asset tracking in complex worksites leveraging GNSS & IMU technology. We also supported the client in securing grant funding to defray the costs of R&D, including the salaries of 5 new hires which supported the software development and hardware engineering work.
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Autonomous Vehicle Tech CompanyThe client is a fast-growing autonomous-driving technology company. It was looking to commercialise proprietary self-driving technologies for commercial transport and industrial logistics. We advised the client in securing grant funding for their (i) international patent applications for 2 inventions in self-driving technologies, as well as (ii) salaries of BD staff and rental of a BD office for entry into the China market. The client eventually secured commercialisation partnerships with two large state-owned logistics vehicle manufacturers in China. With its R&D centre based in Singapore and commercialisation efforts focused in China, the client plans to scale up its revenue by over 10 times in the next 3 years.
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Financial Technology Company of 20+ yearsThe client is a leading corporate treasury management solution provider of over 20 years with blue-chip companies and governmental institutions as its clients. It was looking to develop the next-generation Enterprise Payments Digital Platform that enables corporations to seamlessly transact with any financial institution and payment-service provider (PSP) worldwide, in addition to automating pre and post corporate payments workflows. We supported the client in their (i) planning of the software platform development roadmap, as well as (ii) securing of grants for the salaries of software engineers. The solution developed revolutionised the way B-to-B corporate transactions were executed and managed, reducing enterprise-wide process time by more than 50%.
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VC-backed Med-tech CompanyWe consulted for a VC-backed medical technology startup of 3+ years, helping them in the attainment of internationally-recognised safety and cyber-security standards & certifications for their innovative genetic-testing devices and digital platform. This accelerated the company’s scaling of their business and accessing of new markets in Southeast Asia, putting them in good stead to increase revenues by 5 times within 3 years. We also supported the client in securing grants to offset the relevant certification costs involved.
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AI Robotics CompanyWe supported the company in the development and commercialisation of its proprietary Artificial Intelligence Robotic Arm invention that leverages force-sensing capabilities and vision- based machine learning to work collaboratively with humans. We conducted product-market fit studies, industrial application analysis and built business strategy & commercialisation plans. We also supported the client in securing grants for the project.
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Agri-tech ProjectWe helped a telecommunications services company of 15 years diversify into the agri-tech space with a new business model. We (i) developed the new business strategy and commercialization plan and (ii) advised them in securing grant funding for the development of an innovative Agricultural Data Exchange Platform that links farmers, investors and agricultural dealers across borders into a unified digital platform. Proprietary smart farm equipment and sensors were also developed and deployed to help farmers under the platform to optimise yields and provide transparent crop performance to investors.
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National Video Platform with MCCYSG Moments is a national online video portal built in collaboration with Singapore's Ministry of Culture, Community and Youth. We were the solution architects and designer of the online platform during the milestone year of SG50. The platform was released for public use, and drew in high-quality video submissions that helped propagate the spirit of national identity and nostalgia. We also secured grant co-funding for the project.
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Medical & Wellness PracitionerWe supported the company in building a suite of technology offerings that included a clinic-management ERP system and clinical referral management system. We also advised the client in their setting up of a wellness facility in an emerging country in SEA. We transformed the company's business model, shifting it from the traditional one-off consultations to creating multiple new recurring revenue streams by leveraging software-as-a-solution offerings and subscription-based services offerings.
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Industrial Equipment Manufacturer of 24+ yearsWe helped an established industrial equipment design & manufacturing company develop a solution to remotely monitor & trouble-shoot their high-value equipment deployed at their clients' site worldwide. We supported the client in securing substantial grant support from the Singapore government to fund the R&D salaries, consumables, hardware and test-bedding involved. The end product developed reduced the time needed for routine checking, maintenance and operational reporting by 95.6%, benefitting 35+ technical staff in the company.
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Technology Provider with Government ContractsWe advised the client in their development and commercialisation of an Augmented Reality (AR) solution to enable quick-scanning and digitial mapping of interior environments into editable CAD files. The technology revolutionises the way interior designers and building contractors prepare for building and construction projects. The solution developed consisted of proprietary AI, software and hardware components. We also supported the client in securing grants for the project.
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Leading Cloud Computing Infrastructure ProviderWe helped the client commercialise a niche SaaS offering which leverages advanced optical character recognition (OCR), natural language processing (NLP) and Machine Learning to automate book-keeping for any business. The new offering disrupts the book-keeping services industry, enabling business owners to easily manage finance record-keeping and accounting functions in one simple platform. We also supported the client in securing grants for the project.
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Global Digital Telco FirmThe client is a multinational mobile virtual network operator (MVNO) with presence in multiple countries and global staff strength of more than 300. We supported the client in their development and commercialisation of innovative digital telco offerings that re-defines the way users consume mobile services. We also supported the client in securing grants to offset the costs of development and global rollout of the new offerings.
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