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Seagate's Lyve Innovator of the Year event is coming to Singapore for 2022

By Glenn Chua - on 1 Jul 2022, 9:00am

Seagate's Lyve Innovator of the Year event is coming to Singapore for 2022

This year's award is its third iteration, and the first to be held in Singapore (Screenshot: Seagate Lyve Labs website)

Earlier this year, Seagate launched its Lyve Cloud technology and Lyve Labs innovation centre in Singapore. The data storage company, which entered Singapore in 1982, said that the Lyve launches marked 40 years of Seagate in the country, and hoped that they would support Singapore's goal of expanding its digital economy.

Lyve Labs in particular is an initiative by Seagate to enhance collaboration with local startups and innovators to create data-centric solutions. And with that aim, Seagate's Lyve Labs is bringing its Lyve Innovator of the Year 2022 award to Singapore.

The award, which began in 2020 and held its first two iterations in Israel, is an annual event for startups to pitch their own data-centric solutions to Seagate executives and industry leaders, of which winners will be rewarded with cash prizes and networking opportunities. In the case of this year's event, the grand monetary prize is a S$30,000 startup grant and a S$10,000 cash prize.

As for the process, participants can focus their solutions on four categories, these being: 

  • Transformative Digital Technologies, such as AI and machine learning, blockchain and big data
  • Manufacturing and Connectivity, including fields like automation and advanced manufacturing
  • Environment, Energy and Green Technology, including agritech and clean energy
  • Consumer Media, Goods and Services, which have to do with retail technology, advertising technology and other consumer-oriented fields

As for the timeline, in summary, the first round will see the top 40 teams shortlisted before the list tightens up to the top 8 teams, which will compete in the final pitch event. This is what teams can expect:

The full timeline of the competition. (Screenshot: Lyve Innovator of the Year 2022 website)

The top 8 shortlisted participants can expect pitch coaching and mentorships, with provided mentors including those from Seagate management, as well as industry mentors from other companies. 

This year's Innovator of the Year award is also partnered with SLINGSHOT 2022, another pitch competition organised by the government statutory board Enterprise Singapore, which focuses on enterprise development. The winner of the Innovator of the Year award will get the chance to pitch their solutions to investors and companies in the Singapore Week of Innovation and TeCHnology in October, and select members of the winning team also get the chance to travel to the United States to network.

Potential participants can head over to the Innovator of the Year 2022 website, which includes more specific details such as deadlines, deliverables, rules and prizes. For a start, participants have until August 26th to submit a 10-slide maximum PDF presentation which includes the solution, KPI metrics and milestones and relevance to Seagate's Lyve Cloud technology.

The website is also where you can sign up to participate, so if you work in a startup planning to pursue the award, that's where you can begin your journey.

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