Winner of the OPPO Inspiration Challenge, HUAYI Medical Technologies, Secures SGD30,000 Grant at SLINGSHOT Global Startup Competition in Singapore

In a world driven by technological advancements, innovation takes center stage. Shenzhen HUAYI Medical Technologies Co., Ltd. (HUAYI) is making waves in the tech startup scene, and their journey is nothing short of inspiring. Recently, they achieved recognition in the 2023 OPPO Inspiration Challenge and have now advanced to the domain finals of SLINGSHOT, a prestigious deep tech startup competition, as part of the Singapore Week of Innovation and Technology (SWITCH) 2023. Join us as we delve into this exciting tech adventure.

The OPPO Inspiration Challenge: Igniting Innovation

HUAYI is one of the shining stars in the 2023 OPPO Inspiration Challenge, which has a special focus on sparking creativity and innovation. This challenge is a partner competition of SLINGSHOT, offering a platform for early-stage companies to showcase cutting-edge technologies and inventive business models to a global audience. The event is jointly organized by Enterprise Singapore and Startup SG, making it a hotbed for tech pioneers, business leaders, and international investors.

During the OPPO Inspiration Challenge, HUAYI was presented with a grant of SGD 30,000 by Sophia Qiao, Head of the Investment Department at OPPO, and Sophia Ng, Executive Director of SWITCH & Startup Development at Enterprise Singapore. This financial support serves as a catalyst for HUAYI’s groundbreaking work in the tech industry.

Immersion into the Innovation Ecosystem

Before the SLINGSHOT finals, HUAYI’s Chief Financial Officer, Tingying Chen, participated in a three-day Physical Immersion Program. This unique opportunity allowed her to engage in in-depth discussions with investors, exploring how Singapore’s innovation ecosystem could further fuel HUAYI’s growth. Such interactions are vital for tech startups looking to expand their horizons and secure investments to bring their ideas to life.

HUAYI’s Innovative Solution: Contactless Health Monitoring Technology

In the final pitch event, HUAYI presented its Contactless Health Monitoring Technology, which incorporates WonTrack technology. This innovative solution focuses on the continuous monitoring of personal physical indicators, empowering users to stay well-informed about their health status and that of their family. This technology promises a new era of healthcare, where data-driven insights play a pivotal role in keeping us healthy.

Global Winners of the OPPO Inspiration Challenge

The 2023 OPPO Inspiration Challenge revolved around two categories: “Inspiration for People” and “Inspiration for the Planet.” It garnered an impressive 687 innovative proposals from 66 countries and regions. Among the global winners were HUAYI, along with other outstanding teams:

• Bluepha: Eco-friendly packaging solutions.
• Ommo Technologies: Permanent magnet-based 3D tracking technology.
• SkiteLight: Next-generation displays made using perovskite MicroLED.
• Woola: Repurposing surplus wool for protective packaging.

OPPO’s commitment doesn’t end with the challenge. They plan to support these winning teams in further developing and implementing their innovative proposals through financial backing and collaborative efforts. It’s a testament to the power of partnership and innovation in the tech industry.

Virtuous Innovation and the Power of Technology

As tech continues to reshape our world, companies like HUAYI and OPPO are at the forefront of virtuous innovation. These initiatives unlock the potential of technology to make a meaningful impact on people’s lives. By supporting startups and fostering a culture of innovation, they are ensuring that more individuals can benefit from the transformative power of technology.