Hewlett Packard Enterprise has established a Singapore-based regional headquarters in a pushÂ to help address aÂ demand for new technologies acrossÂ the Asia-Pacific and Japanese markets, NikkeiÂ Asian Review reported Tuesday.
HPE said it foresees “strong growth” opportunities in theÂ internet of things and hybrid information technology sectors in Singapore,Â Japan, Australia and India, according to the report.
The regional officeÂ has an innovation center and facilities for the company’sÂ marketing, research and development activities, Nikkei reported.
ZDNet reported MondayÂ that HPE CEO Meg Whitman said the company plans toÂ investÂ $140 million overÂ the next five years toÂ expandÂ operations, skills and R&DÂ projects in Singapore.
The company will allocateÂ $16 million for anÂ incubator program it established with Singapore’s economic development board, according toÂ the publication.
The InnovateNext program aims to support technology startups in efforts to develop and commercialize products and services.