How Small, Little-known Startups are Accelerating Expansion to the World
BusinessTimesSG reported that taking part in open innovation challenges has helped two homegrown enterprises accelerate growth. With one good innovation, firms can catapult onto the radars of clients worldwide, and on the fast track to becoming a global brand. Singapore-based Tagvance went from running a pilot project with Keppel Shipyard to landing contracts and partnerships with SAP and other large companies. Drone maker Performance Rotors, started selling inspection drones to just three customers. In its second year, it won over international clients including BP. These startups managed to innovate and supercharge growth with open innovation challenges.
