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CleverTap Appoints Anand Venkatraman as the Chief Operating Officer

MOUNTAIN VIEW, CALIF., AND MUMBAI, INDIA – News Direct – 21 April 2022 – CleverTap, the world’s leading retention cloud, announced the appointment of Anand Venkatraman as the Chief Operating Officer.

Anand has over two decades of experience in building and augmenting global teams and P&Ls across various sales motions. He joins from Freshworks where he led and scaled the fast growing Asia Pacific and Middle East and Africa businesses and evolved Global Partnerships to independently drive business across 40+ countries, scaled the technology marketplace and embedded Freshwork deep into the worldwide startup ecosystems. Prior to that he held leadership positions at Akamai and Microsoft in APJ and India.

“I warmly welcome Anand to CleverTap. His appointment is an indication of our ambitious growth plans to be the gamechanger for user retention. With his successful track record in taking businesses global, building highly engaged teams, and establishing creative approaches for customer success. Anand Venkatraman will strengthen the Clevertap Management Team to help scale the company to the next level by bringing in excellence in execution,” said Sidharth Malik, CEO CleverTap Inc.

“I am excited to join CleverTap as they emerge as the Retention category market leader, in not just India and South-East Asia but also in markets like North America, Latin America, Middle East, Turkey, Africa and Europe. I am looking forward to being a part of their journey in taking the Indian SaaS story to the world,” said Anand Venkatraman.

About CleverTap

CleverTap is the modern, integrated retention cloud that empowers digital consumer brands to increase customer retention and lifetime value. For brands that understand and value user retention, CleverTap drives context and individualization with the help of a unified and deep data layer, AI/ML powered insights and automation. Customers around the world representing over 10,000 apps, including Vodafone Idea, SonyLIV, Daimler, Gojek, Carousell, and Premier League, trust CleverTap to achieve their retention and engagement goals, growing their long term revenue. Backed by leading venture capital firms including Sequoia India, Tiger Global Management, and Accel, the company is headquartered in Mountain View, California, with offices in Mumbai, Singapore, and Dubai. For more information, visit or follow on , , and .

#CleverTap

The issuer is solely responsible for the content of this announcement.

Workato Invests in Singapore to Make Enterprises and Employees ‘Unstoppable’ in the Automation Age

Workato will commit S$300 million towards Singapore’s first Digital Automation Hub, create over 700 jobs, and ink training partnerships with three institutions of higher learning to help people build a career in automation

SINGAPORE – Media OutReach – 21 April 2022 – Workato, the leader in enterprise automation, opened Singapore’s first Digital Automation Hub (The Hub) and its second global headquarters today, as part of the company’s broader plan to invest S$300 million in the region over the next three years.

WORKATO-S-LAUNCH-EVENT-1-MOU-Sig.JPG

Workato launches Digital Automation Hub and signs three MOUs with Singapore Polytechnic, Singapore University of Social Science and Ngee Ann Polytechnic. Executives in clockwise direction are Vijay Tella, Founder and CEO of Workato; Tan Kiat How, Singapore’s Minister of State for Communications and Information; Allan Teng, Founder and Managing Director of Workato Asia Pacific and Japan; Allan Chia Beng Hock, Dean, School of Business of Singapore University of Social Sciences; Tan Yen Yen, Senior Director, Business and the Creatives of Singapore Polytechnic; and William Lim, Director Designate, School of Business and Accountancy of Ngee Ann Polytechnic.

The opening of Workato’s 8,471 square meter Suntec City headquarters was officiated by Singapore’s Minister of State for Communications and Information, Mr Tan Kiat How, Workato’s Founder and Chief Executive Officer, Mr Vijay Tella, and the company’s Founder and Managing Director of Asia Pacific and Japan, Mr Allan Teng.

“As a regional and international tech hub, Singapore is known globally for its innovation and strong government support for tech startups and innovative technologies,” said Mr Tella. “Workato’s goal is to empower companies globally to harness the power of low-code, no-code integration and automation for transformative business growth. With its focus on innovation and business, Singapore has been a key springboard for Workato to expand within the Asia Pacific region. We look forward to partnering with companies here to help them speed up innovation and transform their businesses.”

Mr Justin Ang, Assistant Chief Executive, Media, Innovation, Communications & Marketing, Infocomm Media Development Authority of Singapore, who was also present at the opening said, “Workato is recognised as a global automation leader and we are excited that the company is establishing its second international headquarters in Singapore. We look forward to working with Workato, especially through our Accreditation@SGD programme, to support their growth which will help organisations in Singapore and Asia Pacific accelerate their automation goals for business impact. Our vision is for many more tech companies in Singapore to build world-class products for the global market.”

Empowering businesses and employees to become ‘unstoppable’ in the age of automation

Workato’s Digital Automation Hub will house its second global headquarters, where companies in Singapore and the region can learn and accelerate the adoption of digital automation in the age of industry 4.0.

“Singapore has always been a strategic regional hub for major flows in capital, data and technology assets. We anticipate worker augmentation and automation will support businesses to innovate quickly, achieve higher productivity and ultimately, capture new opportunities for the economy,” said Mr Allan Teng. “Today’s launch marks our commitment and momentum in empowering modern businesses with industry-leading integration and automation technologies. We look forward to partnering with governments, businesses, and institutions across the region to accelerate Digital Transformation 2.0 and unlock opportunities in industry 4.0.”

The Hub will host a ‘Centre of Excellence for Automation’, an experiential showcase of the impact and value that automation can bring to enterprises. It will consist of eight meeting rooms and an executive briefing centre, equipped with the latest state-of-the-art conference meeting technology for hybrid work. The venue will also be used to conduct automation training courses and certification programmes. Furthermore, The Hub will enable businesses in Singapore and Asia Pacific to benefit from complimentary automation consulting sessions with Workato’s in-house experts.

While Workato’s employees have always enjoyed working flexibly from anywhere around the world, the company also recognises the need for employees to have a physical space for creative collaboration and social interaction. Its presence in Singapore has thus been designed with ample discussion and brainstorming rooms, as well as a social hub where events can be held for both employees, customers and partners.

Beyond physical spaces, Workato’s employees will stand to benefit from the company’s social programmes, organised for their holistic development and mental well-being. These include fireside chats, Workato ABCs (APJ Business and Career Conversations) where new employees would learn about the business and the career pathways available at the company.

Growing Workato’s workforce by more than five-times, nurturing Singapore’s next-generation digital and automation talents, and making social impact

By 2025, Workato will create more than 700 skilled jobs for fresh graduates and Professionals, Managers, Executives and Technicians (PMETs), and expand its workforce in Singapore by more than five times. In 2022, the company will add 120 jobs across business, technology and support functions, and double its staff strength in Singapore.

To build strong talent pipelines, Workato inked Memorandums of Understanding (MOUs) with three Institutes of Higher Learning (IHLs) to equip students and mid-career professionals with the skills, tools and expertise to upskill in technology and automation. The three IHLs are Singapore Polytechnic, Singapore University of Social Sciences (SUSS) and Ngee Ann Polytechnic. The MOUs cover business digitalisation, information technology (IT) and human resource (HR) automations.

Ms Tan Yen Yen, Senior Director, Business and the Creatives, Singapore Polytechnic, said, “Industry 4.0 brings about a technological transformation that will reshape the future of work in all business verticals and the HR function in many organisations. Working with Workato to nurture and train our young learners from our Diploma in Human Resource Management with Psychology course will help Singapore build a community of new talents who are skilled in employing technology and automation to drive efficiency and productivity across the HR department, which is the backbone of every organisation. This is an excellent partnership where we work with like-minded industry professionals and leaders to equip our local businesses with the expertise in HR automation in their respective verticals and be future-ready for a growing digital economy.”

“At SUSS, we believe education must be continuously refreshed and updated to meet the latest trends and demands. The need to modernise business workflows and enhance enterprise operations is key to elevating organisations’ digital transformation in this digital-first age,” said Associate Professor Allan Chia, Dean, School of Business, Singapore University of Social Sciences. “By collaborating with Workato to develop a module on ‘Data Integration for Enterprise Automation’, our students will be able to build their own automations – an imperative skill for next-generation talents as Singapore looks towards fortifying our regional and global presence as a technology hub. We also look forward to organising industry engagements in workflow automation and integration, in partnership with Workato.”

“As more companies employ digital technologies to transform their processes, there is a strong demand for digital talents who can harness the power of automation. Ngee Ann Polytechnic’s timely partnership with Workato allows our learners to hone their skills through real-world projects, hackathons and work attachment opportunities. This reinforces our efforts to place industry at the core of our curriculum, through which we build a strong talent pipeline with the relevant skill sets to meet the challenges of Industry 4.0,” said Mr Patrice Choong, Senior Director, Technology, Innovation & Entrepreneurship, Ngee Ann Polytechnic.

About Workato

The leader in enterprise automation, Workato helps organisations work faster and smarter without compromising security and governance. Built for Business and IT users, Workato is trusted by over 11,000 of the world’s top brands like Broadcom, Intuit, Box, Autodesk, and HubSpot. Headquartered in Mountain View, Calif., Workato is backed by Altimeter Capital, Battery Ventures, Insight Venture Partners, Tiger Global, and Redpoint Ventures. For more information, visit or connect with us on social media:

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#Workato

The issuer is solely responsible for the content of this announcement.

Arrow Electronics Launches NTU-Arrow Invent Lab to Support Tech Startups in Singapore

New lab showcases Arrow’s commitment to empowering talent and developing a robust innovation ecosystem

SINGAPORE – Media OutReach – 21 April 2022 – Global technology-solutions provider Arrow Electronics, Inc. today announced the opening of the NTU-Arrow Invent Lab in collaboration with Nanyang Technological University, Singapore (NTU Singapore), a world top-ranked university founded on science and technology.

Arrow Electronics launches NTU-Arrow Invent Lab to support tech startups in Singapore

Arrow Electronics launches NTU-Arrow Invent Lab to support tech startups in Singapore

The lab is part NTU’s EcoLabs Center of Innovation for Energy initiative to accelerate deep-tech energy innovation development in Singapore. Aimed at the development and deployment of smart energy, mobility and intelligent sensing technologies, the new lab will offer local technology startups, system integrators and industry players free consultation and access to the world-class engineering and supply chain capabilities needed to excel and thrive.

As part of Arrow’s global network of open labs, this new Invent Lab serves as an innovation and experimental platform where the local technology community can develop ideas, unleash creativity, and tap directly into Arrow’s globally diverse engineering resources and tools as they bring their inventions to life.

Sharing knowledge, nurturing talent, and facilitating performance

Singapore ranked fifth in the Global Startup Ecosystem Report (GSER) 2021 in Asia. The report also noted that there are demands among Singapore’s most promising startups for knowledge or ability to access engineering expertise.

Designed to empower local innovators and engineers with access to design tools, resources, and engineering expertise that they often lack, this lab is equipped with state-of-the-art engineering equipment and testing modules. Experienced vertical segment experts and engineers with expertise in areas of embedded computing, sensing, connectivity and system integration are on site to provide professional guidance to users.

Professor Lam Khin Yong, NTU’s Senior Vice President (Research) said, “NTU is strategically positioned to foster an innovative ecosystem for startups with our world-class research facilities, strong industry partnerships and renowned academia talent. Our partnership with Arrow creates an invaluable opportunity for innovators and startups to access the latest technologies and connect to world-class suppliers. This joint collaboration will enable the acceleration of our innovation capabilities to support Singapore technology startups in their digital journey. The new NTU-Arrow Invent Lab will elevate the support available to local startups and drive the development of advanced manufacturing, both locally and internationally.”

For example, while product development usually takes nine to twelve months, with the support of Arrow experts, startups using the lab will be able to save up to six months in development time and up to 25 percent of engineering design costs. More importantly, as a trusted advisor, Arrow will provide developers with guidance throughout the development cycle – from formulation and proof of the design concept to component sourcing, rapid prototyping, and testing, all the way to system integration and pre-production verification.

“Working with a consortium of industry associations, technology suppliers, enterprises and leading academic institutions like NTU, Arrow is dedicated to building a robust engineering support ecosystem that provides startups and innovators with quick and easy access to world-class engineering consultation, design-for-manufacturing support, and go-to-market resources,” said Natarajan MM, Arrow Electronics’ vice president of sales for South Asia. “Collaborating with NTU to launch and operate this new lab reinforces our commitment to making technology more accessible, easier to understand and better to use.”

Platform for Singapore’s innovation and technology evolution

In addition to providing the startup community with practical engineering support, the lab will also serve as a platform for educational programs and insight, sharing activities aimed at supporting Singapore’s innovation and technology evolution. Some of Arrow’s technology suppliers supporting this lab include ADI, Allegro, Diodes, Diotec Semiconductor, Fair-Rite Asia, Intel, Kioxia, Kyocera-AVX, Littelfuse, Microchip, Molex, NXP, OMNIVISION, onsemi, Panasonic, Rohde & Schwarz, Sharp, Silicon Labs, STMicroelectronics, TE Connectivity, Toshiba, Unicore Communications, Vishay, Western Digital, and Yageo. Arrow engineers and technology experts from these suppliers will host regular technical seminars and workshops on a range of fields from smart energy to mobility and intelligent sensing.

About Arrow Electronics

Arrow Electronics guides innovation forward for over 220,000 leading technology manufacturers and service providers. With 2021 sales of $34 billion, Arrow develops technology solutions that improve business and daily life.
Learn more at FiveYearsOut.com

#ArrowElectronics

Arrow Electronics Launches NTU-Arrow Invent Lab to Support Tech Startups in Singapore

New lab showcases Arrow’s commitment to empowering talent and developing a robust innovation ecosystem

SINGAPORE – Media OutReach – 21 April 2022 – Global technology-solutions provider Arrow Electronics, Inc. today announced the opening of the NTU-Arrow Invent Lab in collaboration with Nanyang Technological University, Singapore (NTU Singapore), a world top-ranked university founded on science and technology.

Arrow Electronics launches NTU-Arrow Invent Lab to support tech startups in Singapore

Arrow Electronics launches NTU-Arrow Invent Lab to support tech startups in Singapore

The lab is part NTU’s EcoLabs Center of Innovation for Energy initiative to accelerate deep-tech energy innovation development in Singapore. Aimed at the development and deployment of smart energy, mobility and intelligent sensing technologies, the new lab will offer local technology startups, system integrators and industry players free consultation and access to the world-class engineering and supply chain capabilities needed to excel and thrive.

As part of Arrow’s global network of open labs, this new Invent Lab serves as an innovation and experimental platform where the local technology community can develop ideas, unleash creativity, and tap directly into Arrow’s globally diverse engineering resources and tools as they bring their inventions to life.

Sharing knowledge, nurturing talent, and facilitating performance

Singapore ranked fifth in the Global Startup Ecosystem Report (GSER) 2021 in Asia. The report also noted that there are demands among Singapore’s most promising startups for knowledge or ability to access engineering expertise.

Designed to empower local innovators and engineers with access to design tools, resources, and engineering expertise that they often lack, this lab is equipped with state-of-the-art engineering equipment and testing modules. Experienced vertical segment experts and engineers with expertise in areas of embedded computing, sensing, connectivity and system integration are on site to provide professional guidance to users.

Professor Lam Khin Yong, NTU’s Senior Vice President (Research) said, “NTU is strategically positioned to foster an innovative ecosystem for startups with our world-class research facilities, strong industry partnerships and renowned academia talent. Our partnership with Arrow creates an invaluable opportunity for innovators and startups to access the latest technologies and connect to world-class suppliers. This joint collaboration will enable the acceleration of our innovation capabilities to support Singapore technology startups in their digital journey. The new NTU-Arrow Invent Lab will elevate the support available to local startups and drive the development of advanced manufacturing, both locally and internationally.”

For example, while product development usually takes nine to twelve months, with the support of Arrow experts, startups using the lab will be able to save up to six months in development time and up to 25 percent of engineering design costs. More importantly, as a trusted advisor, Arrow will provide developers with guidance throughout the development cycle – from formulation and proof of the design concept to component sourcing, rapid prototyping, and testing, all the way to system integration and pre-production verification.

“Working with a consortium of industry associations, technology suppliers, enterprises and leading academic institutions like NTU, Arrow is dedicated to building a robust engineering support ecosystem that provides startups and innovators with quick and easy access to world-class engineering consultation, design-for-manufacturing support, and go-to-market resources,” said Natarajan MM, Arrow Electronics’ vice president of sales for South Asia. “Collaborating with NTU to launch and operate this new lab reinforces our commitment to making technology more accessible, easier to understand and better to use.”

Platform for Singapore’s innovation and technology evolution

In addition to providing the startup community with practical engineering support, the lab will also serve as a platform for educational programs and insight, sharing activities aimed at supporting Singapore’s innovation and technology evolution. Some of Arrow’s technology suppliers supporting this lab include ADI, Allegro, Diodes, Diotec Semiconductor, Fair-Rite Asia, Intel, Kioxia, Kyocera-AVX, Littelfuse, Microchip, Molex, NXP, OMNIVISION, onsemi, Panasonic, Rohde & Schwarz, Sharp, Silicon Labs, STMicroelectronics, TE Connectivity, Toshiba, Unicore Communications, Vishay, Western Digital, and Yageo. Arrow engineers and technology experts from these suppliers will host regular technical seminars and workshops on a range of fields from smart energy to mobility and intelligent sensing.

About Arrow Electronics

Arrow Electronics guides innovation forward for over 220,000 leading technology manufacturers and service providers. With 2021 sales of $34 billion, Arrow develops technology solutions that improve business and daily life.
Learn more at FiveYearsOut.com

#ArrowElectronics

Arrow Electronics Launches NTU-Arrow Invent Lab to Support Tech Startups in Singapore

New lab showcases Arrow’s commitment to empowering talent and developing a robust innovation ecosystem

SINGAPORE – Media OutReach – 21 April 2022 – Global technology-solutions provider Arrow Electronics, Inc. today announced the opening of the NTU-Arrow Invent Lab in collaboration with Nanyang Technological University, Singapore (NTU Singapore), a world top-ranked university founded on science and technology.

Arrow Electronics launches NTU-Arrow Invent Lab to support tech startups in Singapore

Arrow Electronics launches NTU-Arrow Invent Lab to support tech startups in Singapore

The lab is part NTU’s EcoLabs Center of Innovation for Energy initiative to accelerate deep-tech energy innovation development in Singapore. Aimed at the development and deployment of smart energy, mobility and intelligent sensing technologies, the new lab will offer local technology startups, system integrators and industry players free consultation and access to the world-class engineering and supply chain capabilities needed to excel and thrive.

As part of Arrow’s global network of open labs, this new Invent Lab serves as an innovation and experimental platform where the local technology community can develop ideas, unleash creativity, and tap directly into Arrow’s globally diverse engineering resources and tools as they bring their inventions to life.

Sharing knowledge, nurturing talent, and facilitating performance

Singapore ranked fifth in the Global Startup Ecosystem Report (GSER) 2021 in Asia. The report also noted that there are demands among Singapore’s most promising startups for knowledge or ability to access engineering expertise.

Designed to empower local innovators and engineers with access to design tools, resources, and engineering expertise that they often lack, this lab is equipped with state-of-the-art engineering equipment and testing modules. Experienced vertical segment experts and engineers with expertise in areas of embedded computing, sensing, connectivity and system integration are on site to provide professional guidance to users.

Professor Lam Khin Yong, NTU’s Senior Vice President (Research) said, “NTU is strategically positioned to foster an innovative ecosystem for startups with our world-class research facilities, strong industry partnerships and renowned academia talent. Our partnership with Arrow creates an invaluable opportunity for innovators and startups to access the latest technologies and connect to world-class suppliers. This joint collaboration will enable the acceleration of our innovation capabilities to support Singapore technology startups in their digital journey. The new NTU-Arrow Invent Lab will elevate the support available to local startups and drive the development of advanced manufacturing, both locally and internationally.”

For example, while product development usually takes nine to twelve months, with the support of Arrow experts, startups using the lab will be able to save up to six months in development time and up to 25 percent of engineering design costs. More importantly, as a trusted advisor, Arrow will provide developers with guidance throughout the development cycle – from formulation and proof of the design concept to component sourcing, rapid prototyping, and testing, all the way to system integration and pre-production verification.

“Working with a consortium of industry associations, technology suppliers, enterprises and leading academic institutions like NTU, Arrow is dedicated to building a robust engineering support ecosystem that provides startups and innovators with quick and easy access to world-class engineering consultation, design-for-manufacturing support, and go-to-market resources,” said Natarajan MM, Arrow Electronics’ vice president of sales for South Asia. “Collaborating with NTU to launch and operate this new lab reinforces our commitment to making technology more accessible, easier to understand and better to use.”

Platform for Singapore’s innovation and technology evolution

In addition to providing the startup community with practical engineering support, the lab will also serve as a platform for educational programs and insight, sharing activities aimed at supporting Singapore’s innovation and technology evolution. Some of Arrow’s technology suppliers supporting this lab include ADI, Allegro, Diodes, Diotec Semiconductor, Fair-Rite Asia, Intel, Kioxia, Kyocera-AVX, Littelfuse, Microchip, Molex, NXP, OMNIVISION, onsemi, Panasonic, Rohde & Schwarz, Sharp, Silicon Labs, STMicroelectronics, TE Connectivity, Toshiba, Unicore Communications, Vishay, Western Digital, and Yageo. Arrow engineers and technology experts from these suppliers will host regular technical seminars and workshops on a range of fields from smart energy to mobility and intelligent sensing.

About Arrow Electronics

Arrow Electronics guides innovation forward for over 220,000 leading technology manufacturers and service providers. With 2021 sales of $34 billion, Arrow develops technology solutions that improve business and daily life.
Learn more at FiveYearsOut.com

#ArrowElectronics

Arrow Electronics Launches NTU-Arrow Invent Lab to Support Tech Startups in Singapore

New lab showcases Arrow’s commitment to empowering talent and developing a robust innovation ecosystem

SINGAPORE – Media OutReach – 21 April 2022 – Global technology-solutions provider Arrow Electronics, Inc. today announced the opening of the NTU-Arrow Invent Lab in collaboration with Nanyang Technological University, Singapore (NTU Singapore), a world top-ranked university founded on science and technology.

Arrow Electronics launches NTU-Arrow Invent Lab to support tech startups in Singapore

Arrow Electronics launches NTU-Arrow Invent Lab to support tech startups in Singapore

The lab is part NTU’s EcoLabs Center of Innovation for Energy initiative to accelerate deep-tech energy innovation development in Singapore. Aimed at the development and deployment of smart energy, mobility and intelligent sensing technologies, the new lab will offer local technology startups, system integrators and industry players free consultation and access to the world-class engineering and supply chain capabilities needed to excel and thrive.

As part of Arrow’s global network of open labs, this new Invent Lab serves as an innovation and experimental platform where the local technology community can develop ideas, unleash creativity, and tap directly into Arrow’s globally diverse engineering resources and tools as they bring their inventions to life.

Sharing knowledge, nurturing talent, and facilitating performance

Singapore ranked fifth in the Global Startup Ecosystem Report (GSER) 2021 in Asia. The report also noted that there are demands among Singapore’s most promising startups for knowledge or ability to access engineering expertise.

Designed to empower local innovators and engineers with access to design tools, resources, and engineering expertise that they often lack, this lab is equipped with state-of-the-art engineering equipment and testing modules. Experienced vertical segment experts and engineers with expertise in areas of embedded computing, sensing, connectivity and system integration are on site to provide professional guidance to users.

Professor Lam Khin Yong, NTU’s Senior Vice President (Research) said, “NTU is strategically positioned to foster an innovative ecosystem for startups with our world-class research facilities, strong industry partnerships and renowned academia talent. Our partnership with Arrow creates an invaluable opportunity for innovators and startups to access the latest technologies and connect to world-class suppliers. This joint collaboration will enable the acceleration of our innovation capabilities to support Singapore technology startups in their digital journey. The new NTU-Arrow Invent Lab will elevate the support available to local startups and drive the development of advanced manufacturing, both locally and internationally.”

For example, while product development usually takes nine to twelve months, with the support of Arrow experts, startups using the lab will be able to save up to six months in development time and up to 25 percent of engineering design costs. More importantly, as a trusted advisor, Arrow will provide developers with guidance throughout the development cycle – from formulation and proof of the design concept to component sourcing, rapid prototyping, and testing, all the way to system integration and pre-production verification.

“Working with a consortium of industry associations, technology suppliers, enterprises and leading academic institutions like NTU, Arrow is dedicated to building a robust engineering support ecosystem that provides startups and innovators with quick and easy access to world-class engineering consultation, design-for-manufacturing support, and go-to-market resources,” said Natarajan MM, Arrow Electronics’ vice president of sales for South Asia. “Collaborating with NTU to launch and operate this new lab reinforces our commitment to making technology more accessible, easier to understand and better to use.”

Platform for Singapore’s innovation and technology evolution

In addition to providing the startup community with practical engineering support, the lab will also serve as a platform for educational programs and insight, sharing activities aimed at supporting Singapore’s innovation and technology evolution. Some of Arrow’s technology suppliers supporting this lab include ADI, Allegro, Diodes, Diotec Semiconductor, Fair-Rite Asia, Intel, Kioxia, Kyocera-AVX, Littelfuse, Microchip, Molex, NXP, OMNIVISION, onsemi, Panasonic, Rohde & Schwarz, Sharp, Silicon Labs, STMicroelectronics, TE Connectivity, Toshiba, Unicore Communications, Vishay, Western Digital, and Yageo. Arrow engineers and technology experts from these suppliers will host regular technical seminars and workshops on a range of fields from smart energy to mobility and intelligent sensing.

About Arrow Electronics

Arrow Electronics guides innovation forward for over 220,000 leading technology manufacturers and service providers. With 2021 sales of $34 billion, Arrow develops technology solutions that improve business and daily life.
Learn more at FiveYearsOut.com

#ArrowElectronics

Arrow Electronics Launches NTU-Arrow Invent Lab to Support Tech Startups in Singapore

New lab showcases Arrow’s commitment to empowering talent and developing a robust innovation ecosystem

SINGAPORE – Media OutReach – 21 April 2022 – Global technology-solutions provider Arrow Electronics, Inc. today announced the opening of the NTU-Arrow Invent Lab in collaboration with Nanyang Technological University, Singapore (NTU Singapore), a world top-ranked university founded on science and technology.

Arrow Electronics launches NTU-Arrow Invent Lab to support tech startups in Singapore

Arrow Electronics launches NTU-Arrow Invent Lab to support tech startups in Singapore

The lab is part NTU’s EcoLabs Center of Innovation for Energy initiative to accelerate deep-tech energy innovation development in Singapore. Aimed at the development and deployment of smart energy, mobility and intelligent sensing technologies, the new lab will offer local technology startups, system integrators and industry players free consultation and access to the world-class engineering and supply chain capabilities needed to excel and thrive.

As part of Arrow’s global network of open labs, this new Invent Lab serves as an innovation and experimental platform where the local technology community can develop ideas, unleash creativity, and tap directly into Arrow’s globally diverse engineering resources and tools as they bring their inventions to life.

Sharing knowledge, nurturing talent, and facilitating performance

Singapore ranked fifth in the Global Startup Ecosystem Report (GSER) 2021 in Asia. The report also noted that there are demands among Singapore’s most promising startups for knowledge or ability to access engineering expertise.

Designed to empower local innovators and engineers with access to design tools, resources, and engineering expertise that they often lack, this lab is equipped with state-of-the-art engineering equipment and testing modules. Experienced vertical segment experts and engineers with expertise in areas of embedded computing, sensing, connectivity and system integration are on site to provide professional guidance to users.

Professor Lam Khin Yong, NTU’s Senior Vice President (Research) said, “NTU is strategically positioned to foster an innovative ecosystem for startups with our world-class research facilities, strong industry partnerships and renowned academia talent. Our partnership with Arrow creates an invaluable opportunity for innovators and startups to access the latest technologies and connect to world-class suppliers. This joint collaboration will enable the acceleration of our innovation capabilities to support Singapore technology startups in their digital journey. The new NTU-Arrow Invent Lab will elevate the support available to local startups and drive the development of advanced manufacturing, both locally and internationally.”

For example, while product development usually takes nine to twelve months, with the support of Arrow experts, startups using the lab will be able to save up to six months in development time and up to 25 percent of engineering design costs. More importantly, as a trusted advisor, Arrow will provide developers with guidance throughout the development cycle – from formulation and proof of the design concept to component sourcing, rapid prototyping, and testing, all the way to system integration and pre-production verification.

“Working with a consortium of industry associations, technology suppliers, enterprises and leading academic institutions like NTU, Arrow is dedicated to building a robust engineering support ecosystem that provides startups and innovators with quick and easy access to world-class engineering consultation, design-for-manufacturing support, and go-to-market resources,” said Natarajan MM, Arrow Electronics’ vice president of sales for South Asia. “Collaborating with NTU to launch and operate this new lab reinforces our commitment to making technology more accessible, easier to understand and better to use.”

Platform for Singapore’s innovation and technology evolution

In addition to providing the startup community with practical engineering support, the lab will also serve as a platform for educational programs and insight, sharing activities aimed at supporting Singapore’s innovation and technology evolution. Some of Arrow’s technology suppliers supporting this lab include ADI, Allegro, Diodes, Diotec Semiconductor, Fair-Rite Asia, Intel, Kioxia, Kyocera-AVX, Littelfuse, Microchip, Molex, NXP, OMNIVISION, onsemi, Panasonic, Rohde & Schwarz, Sharp, Silicon Labs, STMicroelectronics, TE Connectivity, Toshiba, Unicore Communications, Vishay, Western Digital, and Yageo. Arrow engineers and technology experts from these suppliers will host regular technical seminars and workshops on a range of fields from smart energy to mobility and intelligent sensing.

About Arrow Electronics

Arrow Electronics guides innovation forward for over 220,000 leading technology manufacturers and service providers. With 2021 sales of $34 billion, Arrow develops technology solutions that improve business and daily life.
Learn more at FiveYearsOut.com

#ArrowElectronics

Expect higher standards of culture and conduct from Financial Adviser Representatives (FA Reps) and Financial Adviser Firms (FAFs) as industry pushes ahead to build greater trust in the profession

Third set of guidelines by the Insurance Culture and Conduct Steering Committee (ICCSC) to elevate quality of financial advisory services as demand for protection, investments and savings grows

SINGAPORE – Media OutReach – 21 April 2022 – The Insurance Culture and Conduct Steering Committee (ICCSC) recently released its third paper ‘Intermediary Culture and Conduct Best Practices – Promoting Ethical Culture and Conduct in Insurance Intermediaries (Life)’ [1] as part of the Committee’s continued efforts to elevate the culture and conduct standards of the life insurance ecosystem in Singapore by focusing efforts on people, performance, and processes. The first two papers focusing on Human Resources and Corporate Governance were released in March 2022.[2]

This third paper for Life Intermediaries aims to enhance the quality of financial advisory service sector through the practices of FA Reps and FAFs by providing:

  • Guidance on the role of supervisors in setting the right tone from the top to ensure accountability from leadership that priorities are not only placed on achieving sales and revenue growth. Recommendations are aimed at strengthening industry practices in the three key areas of Supervisors’ Quality Indicators, Quality Management Framework, and Promotion Criteria for Supervisors.
  • Best practices on establishing key performance measures that effectively encourage FA Reps to provide customers with high quality financial advisory services. Guidelines focus on calibrating and standardising industry practices in the areas of FA Reps’ Quality Indicators, Rewards and Recognition on Culture and Conduct, as well as Post-Sales Services to Customers.
  • Collaboration on enhanced disclosures to customers and information sharing between insurers and non-tied Financial Advisory Firms (FAFs) to align and protect customers’ interests through regular engagements and dialogues with recommendations centred on Proper Disclosure to Customers on Products and Incentives, as well as the Sharing of Sales Quality Data to improve Culture and Conduct.

“This is an extension of the first two papers with a specific focus on intermediaries within the life insurance eco-system – from FA Reps to FAFs. Our aim is to enhance professionalism within the industry more consistently and elevate the standard of care for customers in the advisory process,” said Dr Khoo Kah Siang, Chairperson of the Insurance Culture and Conduct Steering Committee (ICCSC).

These best practices build on foundations of the Life Insurance Association Guidelines and complement current rules in the Financial Advisers Act, Insurance Act, and their subsidiary legislations.

The committee, consisting of senior leaders in the industry, was established in December 2019 to foster sound culture and strengthen standards of conduct among insurers in Singapore. [3] They are supported by the General Insurance Association of Singapore (GIA), the Life Insurance Association (LIA) and the Singapore Reinsurers’ Association (SRA).

Appendix: Infographic on Intermediary Culture and Conduct Best Practices – Promoting Ethical Culture and Conduct in Insurance Intermediaries (Life)

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[1] Refer to appendix for infographics with key takeaways for the Papers. All three Papers are available for download at: https://www.lia.org.sg/industry-guidelines/industry-practices/
[2] ‘Expect higher standards of culture and conduct from Singapore’s insurance industry’ (Mar 22, 2022). Insurance Culture and Conduct Steering Committee. Available at: https://www.lia.org.sg/media/3340/20220322_press-release_expect-higher-stds-of-culture-and-conduct-from-insurance-industry.pdf