Enterprise application software company SAP officially opened its SAP Next Business and Technology Research Centre in Singapore today.
The new research centre is the largest in the region and acts as the headquarters for SAPs research initiatives in Australia, India and China.
Housed in the CREATE campus (Campus of Research Excellence and Technology Enterprise), the research centre is a collaboration between the Singapore Economic Development Board (EDB), SAP and the Singapore National Research Foundation.
According to SAP's announcement, the centre will focus its research on social business networks and collaboration, real-time intelligence and analytics and possibly in future, applications for the financial and medical sectors.
Leveraging local talent
SAP claims that the company will collaborate with local universities through PhD and student internship programs.
Jason Yotopoulous, Global Head of SAP Next Business and Technology described bringing on students as "evangelizing the entrepreneurial spirit."
The research centre will also house the SAP Global Business Incubator, the second location in Asia Pacific after Brisbane, Australia.
"Singapore is also a strategic hub and springboard for business owners and entrepreneurs," said Yotopoulous, describing the business incubator as a 'Petri dish to leverage technology'.
According to SAP, the company expects the research centre to make up 15 percent of the global research team by 2014. With an approximate current headcount of 30, this would equate to a tripling of the centre's workforce to about a 100.
"Today, Singapore continues to focus on R&D as we transform into a knowledge-based and innovation driven economy," said Yeoh Keat Chuan, Managing director for EDB. "The translation of R&D into innovative new solutions is equally, if not, more important to ensure sustainable economic growth."
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