ST Engineering launches innovation accelerator programme

It will address needs in mobility, energy, and healthcare.

ST Engineering launched its engineering-based incubator, Innosparks, that will address needs in mobility, energy, healthcare, and related sector.

According to a press release, Innosparks will offer a through-train program that will enable individuals or startups accelerate their innovation within 18 months or less.

The programme will cover up to $500,000 in funding, allow access to Innosparks' engineering expertise, and provide innovation capabilities and equipment.

"This open innovation architecture is unique in that it drives a fast-fail fast iteration approach, helping individuals/startups to design for market right at the start, iteratively building and testing their prototypes to be commercially viable products within 18 months or less," ST Engineering said.

Once the innovators enter the commercial scaling stage, they will be connected to ST Engineering's corporate venture unit, ST Engineering Ventures.