IPI the catalyst that spurs enterprise growth

Technology adoption in business is about using technology to its full potential in the process of adapting to changing needs of consumers. Adopting new technology is essential for organisations focusing on faster deliveries, reduced spending, and enhanced user experience. In fact, it has become highly essential as the Covid-19 pandemic has forced companies to reconsider their business strategies.

Regardless of scale, type, and customer base, technology adoption is critical for innovation and business growth and the secret for its success lies in carefully selecting the technologies that best fit an organisation’s objectives.

To provide insights on the importance of technology adoption and innovation, we speak to Michael Goh, Chief Operating Officer for Innovation Partner for Impact (IPI).

This organisation is a subsidiary of Enterprise Singapore and an innovation catalyst, set up to help enterprises stimulate growth through innovative collaboration and co-creation.

Ten years since its inception, IPI accelerates the innovation process for enterprises through access to its global innovation ecosystem and technology advisory services. Additionally, the company facilitates and supports enterprises’ innovation processes, including commercialisation and go-to-market strategies.

During the interview, Michael spoke about the organisation’s role as a technology matchmaker, helping businesses connect the dots by bringing technology owners and solvers to address their respective business challenges.

He also shares:

The reason behind the establishment of IPI, including how the company helps local companies not only grow internally and be innovative, but also achieve outward growth.
Success stories of companies and sectors which IPI has helped accelerate growth.
IPI’s technology scouting activities and its methodology for sourcing relevant technologies and innovations partners.
The company’s advocacy for open innovation and how this helps SMEs and enterprises grow beyond their boundaries.
The fundamental mindset shifts amongst entrepreneurs particularly over the last two years.
Programmess and funding support from the Singapore government to spur technology adoption.
Opportunities and key trends in 2022 that SMEs can take advantage of.