China-based telecom equipment and services provider Huawei and National University of Singapore’s entrepreneurial education arm, NUS Enterprise, have formed an internet-of-things (IoT) accelerator called I5Lab, Tech in Asia reported on Monday.
I5Lab aims to develop IoT innovations in areas such as smart living, transport and logistics. The IoT industry could generate up to $11.1 trillion a year by 2025, equating to about 11% of the global economy, according to a 2015 McKinsey report cited by Huawei.
The incubator will capitalise…
