Leveraging Singapore’s Thriving Innovation Ecosystem To Grow Globally
Bosch has had a strong presence in Singapore since 1923, operating in four key sectors: mobility solutions, industrial technology, consumer goods, and energy and building technology. Serving as Bosch's regional headquarters, the company's operations in Singapore oversee its interests in Southeast Asia.
In keeping with its commitment to innovation, Bosch launched its regional incubator, grow platform, in Southeast Asia in 2021, which is part of the company's global in-house innovation and start-up incubation network. Out of eight carefully selected innovation hubs worldwide, grow platform Singapore is poised to capture future growth within the region by capitalizing on Singapore's thriving innovation and intellectual property (IP) landscape. The country's world-class IP regime has been instrumental in enabling Bosch to help more innovative start-ups scale as new businesses for the company, while also offering protection to these spinoffs for their creations. By leveraging Singapore's strengths in innovation and IP, Bosch is well-positioned to drive continued growth and success in the region.
"Singapore’s grow hub is unique for us strategically - not only is Singapore home to Bosch’s regional office, it is also one of the world’s most prominent innovation powerhouses reflected in the robust local start-up scene."
Mr Karsten Roenner, General Manager of the grow platform
AquaEasy, the first spin-off innovation from Bosch's grow platform, has made significant strides in shrimp farming using artificial intelligence (AI), data analytics, machine learning, and the Internet of Things (IoT). By leveraging Bosch's technology, AquaEasy has developed a suite of high-performance sensors that enable fast, reliable, and accurate monitoring of water quality and feed parameters. As Southeast Asia is a major seafood producer, AquaEasy's innovations are a welcome solution for shrimp farmers seeking to increase yield, sustainability, and predictability while reducing risks and costs.
The success of AquaEasy's innovations is evident from their deployment in many shrimp farms in Singapore, Indonesia, and Vietnam, with farmers from other key shrimp-producing markets, such as Thailand, China, India, Ecuador, and Saudi Arabia, expressing interest in collaborating. AquaEasy's latest development is the Farm Support Package (FSP), which includes the iFeeder and AquaEasy farm services, recently rolled out in Singapore, Vietnam, and Indonesia. This innovative combination has already yielded a successful harvest of 3 tons of shrimp in Vietnam, and another 50 ponds have been secured to use AquaEasy's new AI-solutions.
However, AquaEasy is not content with stopping there, as the company aims to achieve its larger goal of providing a healthy and sustainable food source. The company has partnered with a Singapore-based aquaculture player to break the world record for shrimp production on a kilogram-per square-meter basis, using its innovation and IP to create a positive impact on society and the planet. With AquaEasy's innovative approach, the future of sustainable shrimp farming looks promising.
About grow platform
The grow platform is a fully owned subsidiary of the Bosch Group with eight locations worldwide, covering all international key markets. As the global Bosch incubator, it pursues the mission of unlocking new business areas and markets by funding and scaling internally developed digital business model innovations originating from Bosch Corporate Research and internal divisions.
To meet this goal, grow platform acts as a venture capitalist as well as a venture builder to foster new transformational innovation. In addition, it offers a global Home for Bosch Intrapreneurs: A space where ambitious associates evolve, receive seamless access to resources, and apply agile innovation and product development methods.
Find out more at www.growplatform.com/