Singapore’s National Water Agency, PUB, will be launching a new dedicated space today to further the growth of the vibrant and dynamic water industry in the country. Launched by Dr Amy Khor, Senior Minister of State (MEWR), the Singapore Water Exchange is the first specialised development designed to house water companies spanning the entire water value-chain. With this new facility, PUB aims to build a collaborative ecosystem of water start-ups, technology companies, system integrators, investors, accelerators, market advisors and associations. This will provide opportunities to leverage on mutual strengths and potential synergies to push the frontier of water innovation and business growth.
The Singapore Water Exchange is located within PUB’s WaterHub premises at Toh Guan Road East and situated alongside the Singapore Water Academy, a leading learning institution for both local and international water professionals. As an incubator of water technology innovation, the 6-storey building offers 24 private office units, some of which comes with reinforced flooring for conversion into laboratory or workshop areas. Besides private offices, there are furnished serviced offices for companies that need an operationally-ready office with minimum renovation.
To support international water companies that are exploring water business opportunities in Singapore and in the region, Singapore Water Exchange offers virtual offices and co-working facilities with flexible lease terms. The companies housed in Singapore Water Exchange will also have access to a suite of services that support technology development, corporate functions, financing, and entry into key regional markets. The under-one-roof facilities and services will provide a conducive environment for water-related companies to collaborate and operate, and to accelerate technology commercialisation from test-bedding to the market.
“Having the water companies located within a single development allows them to foster more collaboration and innovation, enhance their productivity across the value chain and increase their competitiveness,” said Dr Pang Chee Meng, Director of Industry Development, PUB. “The Singapore Water Exchange is sited close to PUB facilities, and this allows technology developers to test-bed their innovations under real life conditions to improve their product’s viability and market readiness. This provides a great opportunity for companies to carry out their product’s proof of concept and build track records, and is a stepping stone for the product’s future global implementation.”
Singapore Water Exchange’s proximity to PUB’s offices, facilities and suite of water experts will provide opportunities for companies to upskill and access PUB’s network of industry counterparts. One of the companies that have benefited from a co-located space with PUB is Visenti Pte Ltd, a Singapore-based smart water analytics company.
“Visenti was based in PUB’s Waterhub. This proximity allowed us to develop solutions with PUB and get useful feedback from their engineers that helped us improve,” said Ami Preis, Visenti’s Co-founder and Executive Director of Engineering Systems. Their parent company, Xylem, has expressed interest in taking up office space at Singapore Water Exchange. “Thanks to our collaboration with PUB, Visenti received international recognition for our water solutions, which led to the eventual acquisition by a global water technology company, Xylem Inc. Now we have the opportunity to work with water utilities all over the globe from China to the US.”
“BlueOcean is a start-up related to NUS. We intentionally looked for Waterhub as our office because we are upbeat about sharing space with other like-minded water companies,” said Wong Toon Suan, Founding Chairman, BlueOcean Memtech, a current tenant at PUB’s Waterhub, who also plans to set up office in Singapore Water Exchange. “This will definitely give us more opportunities to boost our marketing and research capabilities, and provide more competitive edge when it comes to pushing out our innovations and market beyond current customers in Singapore, China, the Philippines and the Unites States (U.S.).”
Nine water related companies have expressed interest in taking up close to half of the available office space, ahead of operations that are expected to start in the third quarter of the year. This includes Visenti’s parent company, Xylem and existing companies in WaterHub, as well as international companies such as Metasphere, a sensors and data analytics company based in the United Kingdom (U.K.), Nihon Suido and NJS, which are Japanese consultancy companies specialising in water supply and sewage treatment, and Sinomira, a Chinese company specialising in desalination pre-treatment.