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Technology Pipeline and Innovation Fund Targets Cutting-Edge Technology
We believe that innovation and experimentation are the drivers that will take our services and products to the next level. The Company is always exploring technologies that can add value to our operations, and make our businesses more competitive and efficient.
Working closely with technology companies, investors, accelerators and startups, New Ventures is a specialised team that identifies emerging trends and accelerates the adoption of creative solutions at scale for Swire Properties. We do this in two ways – by identifying and trialling best-in-class technologies that can help grow our businesses, and by actively investing in companies. This allows us to flexibly adapt our strategy in light of emerging technology trends.
Corporate Venture Capital Programme
Under New Ventures, Swire Properties has set up a US$50 million venture fund to invest in Series A to Series C technology startups globally. We invest in promising organisations that can complement our businesses in different ways. Our target investments include but are not limited to: “PropTech”, office-of-the-future, smart retail, smart building, construction and hotel technologies.
Tech Experimentation Fund
To encourage innovation and collaboration, New Ventures also operates a Tech Experimentation Fund that sponsors trials across the organisation. Since 2017, New Ventures has carried out 50 trials across 16 different business units at Swire Properties. Trials include PropTech as well as emerging technologies such as AI, robotics, VR, blockchain, and logistics and software-as-a-Service (SaaS) companies.
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