Singapore, 8thMarch 2019 – The SCS IT Leader annual awards honour outstanding individuals who have made their mark in the infocomm and digital media industry through their achievements and contributions to the industry.
Jeffery Tiong, PatSnap founder and CEO was awarded the IT Leader Entrepreneur of the Year 2019 by the independent judging panel at the Gala Dinner Ceremony on 8thMarch. Last year, he was awarded Singapore’s EY Entrepreneur of the Year. He will now go on to represent Singapore in the EY World Entrepreneur of the Year Forum in Monaco.
Jeffrey founded PatSnap in 2007, soon after graduating from the National University of Singapore (NUS). The company’s first office was fashioned from a disused shipping container and funded by an incubator program at NUS. From these humble beginnings, Jeffrey soon opened offices in China, then expanded the company globally with presences in London and Los Angeles. The firm recently opened a dedicated R&D centre in Singapore, as well as its second North American office in Toronto.
Under Jeffrey’s stewardship, PatSnap has secured over $100m USD in consecutive Series A, B, C and D funding rounds from Vertex Ventures, Summit Partners and Sequoia Capital. The firm now spans East and West, with over 750 employees and 8,000 clients worldwide. PatSnap was also recently named as the 25th fastest growing technology company in the UK in 2018 by the Sunday Times Hiscox Tech Track 100.
Jeffey Tiong said “Innovation is the key to our collective future, and it impacts everyone. But while software tools powered by big data are now providing unparalleled insights to business functions such as sales, marketing, and finance, R&D teams have so far been relatively underserved by these innovations. Our mission is to bring R&D processes into the 21st century by applying artificial intelligence and machine learning to global innovation datasets, and equip innovators with the tools that they desperately need to make better decisions, faster.”
PatSnap is the leading provider of research and development (R&D) analytics, for analysing tech trends, driving innovation, market planning, competitor intelligence and maximising return on IP assets. Founded in 2007, PatSnap is used by R&D and IP professionals in thousands of commercial and not-for-profit organisations globally, and has offices in the UK, USA, Singapore, and China.