To empower a startup journey, innovation has to be redefined

According to Sidney Yee, Executive Vice President of A*START Central, the people involved now need to understand what innovation is about, and how to build innovation into the whole startup ecosystem.

By Kareyst Lin
Dec. 6, 2016


"Many of [the startups] can do the inspiration and innovation bit very well in the ecosystem. Therefore, the idea of A*START Central is not to build yet another of those programmes, but to open innovation and focus on empowerment," said Sidney Yee, Executive Vice President of A*START Central, at GCIO Forum 2016 held in Singapore on 24 November.

As part of the commercialisation arm of Singapore government's science and research firm A*STAR, A*START Central is an innovation lab and tech incubator that focuses on medical technology (medtech) and life sciences (biotech).

The way in which A*START Central empowers the entrepreneurs, is to provide them with tools to start not just the startup company, but the startup journey.

"It is a journey of an entrepreneur or a researcher understanding what innovation is all about, and how to build innovation into the whole startup ecosystem. So it is a journey in which we are looking at how do we first create awareness [of what innovation is]," Yee explained.

In order to do that, there needs to be a mindset change among the entrepreneurs, scientists and researchers - it is no longer about the science and the research itself, but the way you do science and research.

"It is really about, if you understand what is happening outside your immediate domain area, how do you then apply it to what you know best? So innovation in this sense, is about how you look at the same thing differently, with a different eye," said Yee. "Basically, we are just trying to get them to do what they are already doing, slightly differently."  

Other stories from GCIO Forum 2016 that might interest you:

SPONSORED LINKS

ADDITIONAL RESOURCES