Team Excellence Award | PatSnap
PatSnap
Founded in 2007, PatSnap is a leading innovation intelligence platform used by over 12,000 customers across 50 countries. It offers insights in market, technology and competitive intelligence, aiding innovators in bringing products from ideas to market.
Founder Mr. Jeffrey Tiong's inspiration for PatSnap came during his NUS Overseas Colleges (NOC) programme in the US, leading to its inception with co-founder Ms. Guan Dian, both NUS alumni. Using AI and machine learning, PatSnap helps users connect innovation dots through its vast dataset analysis. With over 1000+ employees and 12,000+ customers globally, the company reached a valuation of over US$1 billion in 2021 with backing from investors like SoftBank and Tencent.
During the pandemic, PatSnap provided free access to its database, supporting intellectual property efforts. It's recognised as a Technology and Innovation Support Center, providing training and resources, collaborating with authorities to aid innovation, and offering NUS student internships. The founders actively share their experiences with NUS.
Team Excellence Award | ShopBack
ShopBack
Established in 2014, the ShopBack Group is Asia-Pacific's leading shopping, rewards, and payments platform. Founded by NUS Overseas Colleges alumni Henry and Joel, the platform aims to be the world's most rewarding way to shop, saving members money and time while enhancing their shopping experience.
ShopBack collaborates with over 15,000 online and in-store partners, generating over US$3.7 billion in annual sales and facilitating over half a million daily transactions. Expanding its reach, ShopBack introduced financial services such as ShopBack Pay and PayLater in 2022, adding responsible and convenient payment options for members and enhanced engagement for partners. The company has secured over US$300 million in funding, including US$80 million from Temasek's 65 Equity Partners in a Series F round last year.
ShopBack actively supports NUS students with internships, fostering experience in marketing, data science, and e-commerce. The founders, Henry and Joel, frequently share their experiences with NUS.
