Intel Global Challenge winner demonstrate its solution to Industry 4.0 at Computex Taipei 2016
Since 2013, more than 90 startup teams in Asia Pacific have participated in the Intel APEC Challenge conducted together with the Ministry of Economic Affairs. The participants include more than 1,300 people from multinationals, venture capital companies, angel investors, incubation centers, and business accelerators, making the event a springboard to early-stage investment available to startups. Gogolook — a Taiwan company and a winner in 2013 — was successfully acquired by Naver, LINE’s mother company, at US$18 million. ServTech, which won the first place in Internet, Mobile and Software Computing at Intel Global Challenge in Silicon Valley in November 2014, is the first Taiwan champion at the event. AirSig — a winner in 2014 — has received equity investment of US$2 million from Foxconn, making it the most valuable startup company in Taiwan. In 2015, Taiwan teams won six of the ten awards at the Intel APEC Challenge, and iStaging won the top prize of US$100,000.
Focusing on IoT applications, innovation and startups, and business solutions, Computex Taipei 2016 invited ServTech to demonstrate how the company helps traditional industries address ineffective time at factories in order to enhance overall performance. The company showcased the trend of value creation by IoT, Taiwan’s Productivity 4.0 Initiative, and locally developed cloud applications and solutions. The newly inaugurated President was very impressed.
According to C.T. Yen, President of ServTech, his company’s Servolution — an important factory IoT solution – is independently developed by the company. Servolution integrates industrial big data, plant facilities, and awareness and connectivity to enable manufacturing process customization by software’s automatic gathering of production facility data. Therefore, smart plant management, enhancement of average individual productivity, and even a paradigm shift in the Taiwan manufacturing sector can be achieved to strengthen export competitiveness and increase Taiwan’s national output value.
Since its win at Intel Global Challenge, ServTech has been focusing itself on developing the solutions to different categories of smart machinery. Its solutions are provided to machine tools, aerospace manufacturing, as well as car and motorcycle manufacturing. ServTech customers are able to decrease ineffective time to increase annual productivity by 20% to 30%. Its customers include Super Alloy International, the world’s second largest tire rim processing company; Aerospace Industrial Development Corp., Taiwan’s aerospace industry leader; and Fair Friend Group, the world’s third largest machine tool manufacturer. With the help from ServTech, they are moving toward Industry 4.0 and steadfastly increasing their competitiveness.
It is Intel’s belief that outstanding startup companies such as ServTech featuring innovative, unique technologies and solutions are able to let the world witness Taiwan’s innovation strengths when they have an effective platform provided together by the private and public sectors, such as the Intel APEC Challenge.
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