OurCrowd, the leading global equity crowdfunding platform, announced on Thursday it has signed an innovation pact with Singapore-based Changi Airport Group (CAG) to source and integrate next-generation technology into one of the world’s most cutting-edge airports.
According to OurCrowd, the agreement will span areas such as automation, retail, data analytics, IoT and smart infrastructure management. CAG will notably have access to OurCrowd’s diverse portfolio of 170 innovative startups, while the latter will have the opportunity to develop and trial these new technology solutions in a live airport environment. While sharing more details about the collaboration, Bernard Siew, Vice President for Innovation, Changi Airport Group, stated:
“With a focus on providing the best experience for passengers, Changi Airport is constantly looking out for new and innovative solutions. We are seeking startups which have capabilities or solutions that are applicable in an airport environment. With over 65 million passengers annually, we believe that Changi Airport would be an interesting testbed for startups, and subsequently as a valuable launchpad to scale up globally. Through this partnership with OurCrowd, we look forward to exploring win-win collaborations with innovative companies.”
Laly David, OurCrowd Business Development Partner, went on to add:
“We’re honoured to be expanding our innovation expertise to leading companies of the world such as CAG. Through OurCrowd’s powerful collaboration program, we are leveraging our global network to provide multinationals like CAG the ability to stay ahead of the latest innovation trends globally by providing access to the world’s bustling tech startup community, and deep diligence into the different cutting edge technologies.”