The company has set up a three year programme to innovate new technologies and support local start ups.
Business Times reported that HPE will be investing $140 million (€127 million) over five years to develop partnerships with “local companies as well as “commercialise new technologies”.
HPE’s new programme is called InnovateNext and is part of its investment in Singapore as well as the investment in its new headquarters building, Asia Pacific and Japan (APJ). The company will work with the Economic Development Board of Singapore to “partner local technology start ups”.
HPE will also work with customers to improve and market resolutions across “industries” which include “manufacturing, distribution, financial services, communications, media and entertainment” in the community. This will also work in line with the company’s own technology which includes “hybrid IT, IoT, data and analytics”.
The intention is that InnovateNext will support 12 new start ups and it was noted that the goal is to develop “solutions that are viable for the global market” and the article goes on to say that the company also wants to “co-innovate and develop 10 vertical solutions” with their customers over the coming three years.