The DBS Foundation Social Impact Prize at the Lee Kuan Yew Global Business Plan Competition (LKYGBPC) will be awarded to the most innovative business plans of start-ups or early-stage ventures that address pertinent urban challenges faced by cities of today.
In addition to the evaluation criteria for the LKYGBPC, qualifying applications for the DBS Foundation Social Impact Prize are also assessed on:
- Clear identification of the social / environmental problem
- Creativity in addressing the identified challenge statement and stakeholders involved
- Ability to measure the social / environmental impact created
- Scalability and sustainability of solution and impact
The award worth SGD 150,000 includes prize money of up to SGD 100,000 and post-competition support, such as:
- Access to DBS Foundation’s capacity building programmes
- Brand awareness and marketing features on DBS Foundation’s website, brand campaigns, media stories etc.
- Use of DBS premises when in Singapore for launch or community events
- Network and connection to DBS Foundation’s social enterprise alumni community and partners
One of the start-ups to be shortlisted this year is SenzIQ Pte Ltd.
OpenGov recently had the opportunity to have a virtual chat with three of its founders Mr Azeem Khan, Mr CH Kong and Professor Rajesh Balan to find out more about their solution, its technology, how their products will improve sustainability, and plans for the future.
Back to where it all began
SenzIQ Pte Ltd has an interesting story, it all began with researchers at the Singapore Management University’s (SMU) LiveLabs Urban Lifestyle Innovation Platform, or LiveLabs for short.
LiveLabs was launched on 5 November 2012 and was funded by the National Research Foundation Singapore and run via the Interactive Digital Media Programme Office.
LiveLabs was conceived as a testbed to trial research prototypes in real-life environments. It ran for seven years, from 2012 until 2019
Among the technologies developed at LiveLabs, the one that received the most traction was the LiveLabs Indoor Location Tracking & Analytics solution, which allows venue operators to conduct indoor analytics of how people move inside indoor spaces using just Wi-Fi.
They have turned data from smartphones, wearable devices and the physical environment into powerful insights using advanced sensor technology and real-time analytics.
The technology from LiveLabs is now entering a new phase, in the form of a new startup founded by Professor Balan to commercialise the technology, called SenzIQ Pte. Ltd. Professor Balan is the former LiveLabs co-director, and is SMU Associate Professor of Information Systems.
Understanding how people move through spaces
Mr CH Kong, CMO of SenzIQ says it has one mission: “help businesses understand how people move through their spaces”.
To do this they can track each individual’s movement across space and time in an indoor location. This data is aggregated to understand how people utilise and move indoors.
SenzIQ is an Indoor Location Tracking & Analytics solution, which allows venue operators to conduct indoor analytics of how people move inside indoor spaces using just Wi-Fi.
The solution provides both retrospective insights, such as heat maps, visit durations and group sizes; and predictive insights, such as the locations they are likely to visit next.
The system utilizes the enterprise Wi-Fi networks of businesses to monitor the location of Wi-Fi based devices such as mobile phones and laptops.
The technology uses public Wi-Fi networks to track the location of smartphones in real-time as they move around. The data is fed back to a dashboard that building owners can then use to understand how people interact with the space and manage their operations and logistics accordingly.
The devices are a proxy for the person in most cases therefore tracking the Wi-Fi device provides an insight into the movement of the person carrying that device.
The unique proposition of the technology is that it is a pure software play, and this enables it to work with most enterprise Wi-Fi networks without infrastructure augmentation or modification.
Optimising buildings and office spaces and analysing traffic flow at events
Based on this technology, they have developed two separate products. One deals with space analytics and the other with event analytics.
The space analytics product helps offices understand the usage of key spaces such as meeting rooms, suggests measures to improve the utilization based on actual occupancy and proactively implement approved measures.
“For example, in a university, it is very important to figure out where to put your seminar rooms, meeting rooms and study spaces, and to know whether your meeting rooms are underutilised or over utilised,” Professor Balan said.
The event analytics product helps event organizers study, compare and contrast and run what-if analysis of layouts and movement traffic patterns during events.
Since both products are part of the workflows of the businesses utilizing them, it is expected these products to become a key component in the value.
With the use of these technologies, venue partners such as malls, convention centres, office campuses and airports, will enable businesses to customize and deliver relevant location specific messages to their customers.
This personalized location specific incentives allow customers market leadership through innovative technology driven solutions.
“From our own research and research papers published by Gartner and others, we know this is likely to be a potentially huge market worldwide. Indoor location tracking technologies alone is estimated to be worth USD $12B by 2021.”
“So far the technology has been deployed in major university campuses in Singapore, including SMU, in malls as well as at the Suntec Convention Centre, and at tourist attractions such as the Singapore National Museum and on Sentosa Island”, said Professor Balan Rajesh, Co-Founder, SenzIQ Pte Ltd.
Space optimisation driving sustainability
By analysing the use of public and private spaces, ‘Smart Buildings’ can use these data insights to reduce energy consumption, optimise the functionality of the space and identify opportunities to make the building more productive and efficient. This all leads to creating more sustainable spaces and buildings.
This is an attractive solution to organisations wanting to reduce their carbon footprint, to building developers wanting to reduce costs and create a more sustainable option, and for many existing large premises wanting to better understand how they can use their space more effectively and efficiently.
The next stage
Years of research has been done, many many years of expertise has been invested into the technology, the products and now starting the business – the next stage now is to accelerate the solution to market.
With the HSBC-SMU Sustainability & Innovation Grant, the funding can be used to do just that – fast track the SenzIQ journey to developing their sustainable solution and business model.
Due to the disruption caused by the global COVID-19 pandemic, the government of Singapore has adopted a new standard for protecting the verification of globally interoperable health documents based on tamper-proof distributed ledger blockchain technology.
The Singapore Government has published HealthCerts – a set of digital open standards for issuing digital COVID-19 test results and vaccination certificates, in line with international standards and the Singapore Government’s requirements.
Beginning on the 10th March, travelers undergoing a pre-departure COVID-19 test at authorised clinics in Singapore would also receive their results in a digital certificate loaded into HealthCerts.
The blockchain framework used to digitally attest HealthCerts is powered by OpenAttestation, which is an open-source document notarisation framework that uses cryptographic hashes for independent verification. Once documents are issued and stored on the blockchain, they can be verified by any auditor making it possible for outside parties to trust the submission source.
The use of digital identity and other assets is overseen by the Smart Nation and Digital Government Group, a part of the Prime Minister’s Office, which oversees the deployment of this new technology. The digital certificate stores identity details (name, national identity number, DOB, etc.) and test details (type, status, date, medical institution details). The QR Code will be sent via email or presented under the SingPass Mobile app.
According to the HealthCerts webpage, for added assurance, Digital Certificates may be digitally notarised by the Government through Notarise to ease downstream verification by ensuring:
- Untampered content – Authenticate the veracity of the Digital Certificate against blockchain hash value
- Trusted provenance – Verify the legitimacy of Digital Certificate according to Singapore’s travel policy requirements and checks that the laboratory (or clinic) is authorised to issue Digital Certificates
- Rightful ownership – Strong identity assurance through SingPass to prevent impersonation
Verify provides an easy, reliable way to ensures digital certificates have not been tampered with and issued/ notarised by a recognised entity.
Supporting the opening of cross-border travel
To support the opening of cross-border travel, there is a need to verify travellers’ identities and their associated health status. Singapore has therefore designed HealthCerts with global interoperability in mind as an open standard. Entities can sign up to issue digital certificates compliant with the HealthCerts standard.
At the moment, AOKpass, Accredify. Collinson and Trybe.ID provide issuance service to clinics and labs such as Quest Laboratories, Gleneagles Hospital and Parkway Shenton Medical Group in Singapore and overseas countries.
As Verify is open-sourced, private companies or governments can develop their own versions of Verify, with their own list of recognised COVID labs or foreign authorities.
Private sector offerings: Affinidi provides document verification services for attesting document authenticity and validation to airlines and airports.
IATA conducts verification against the rules engine of other countries to determine if the test certificate meets the destination country requirements.
The government has said it is keen to work with partners to further the work in this space, which includes further enhancing interoperability, privacy, and verifiability for such certificates.
Grab is a Singaporean multinational ride-hailing company headquartered in Singapore. It is most famously known for its transportation services, but the company offers so much more including food delivery and digital payments services via a mobile app.
Grab has just recently signed a Memorandum of Intent (MOI) with Singapore Government agencies – Infocomm Media Development Authority (IMDA) and Digital Industry Singapore (DISG) to support the development of Singapore’s tech ecosystem, by developing tech talent and R&D capabilities in Singapore.
The Memorandum will see Grab working with Singapore’s government agencies to grow its core product and engineering teams’ capabilities through the support of talent development programmes such as the TechSkills Accelerator (TeSA).
“To secure our digital future, Singapore must be the place where companies choose to build unique digital products that cater for global markets. This is the only way that Singapore can sustainably capture value and differentiate ourselves in the Digital Economy. We are pleased to partner Grab, to strengthen Singapore’s tech ecosystem in these two key areas – to build our local talent in product development, and grow Singapore as the base for high-end R&D in tech,” said Lew Chuen Hong, Chief Executive, IMDA.
These programmes seek to enhance the deep technical skills of experienced professionals, and provide hands-on training opportunities for individuals looking for roles in the tech sector.
Grab seeking to hire in the fields of AI, Cybersecurity, Data Science and Software Engineering
“Despite the challenges brought forth by COVID-19, the tech industry continues to hold promise for new and renewed opportunities for talent. Grab will work closely with IMDA and DISG to grow the talent pool in Singapore, as the country advances towards a future-ready digital economy,” said Tan Hooi-Ling, Co-founder, Grab.
“As a Singapore-based tech company, Grab fully supports the development of the tech ecosystem here. We are building products that positively impact millions across Southeast Asia, and we want to continue deepening our R&D capabilities and push the boundaries of innovation, right here at our strategic base. This is only possible with the support of Grabbers across different business functions, who are continually learning and adapting to new technologies and customers’ requirements.”
Grab expects to create around 350 new jobs in Singapore this year, to support its growth plans and as part of its regional hiring efforts.
These include the expansion of products and services to support the digitalisation of micro-SMEs, the delivery of digital financial services across Southeast Asia, as well as the development of the upcoming digibank which will be managed by a Grab-Singtel consortium.
Some of these hires will come from fields including AI, Cybersecurity, Data Science, Software Engineering, as well as Product Management and Design. They would be involved in projects to improve merchants’ abilities to offer better and tailored products to their customers; as well as to improve the user experience of the merchant app, which will be an all-in-one solution featuring modularised Grab services to select from.
Many of them would also be powering Grab’s innovation engine that uses deep tech to build and enhance services for its users meaningfully; as well as building stronger integrations with local partners. Besides tech roles, Grab will be offering new employment opportunities in areas such as finance, operations, legal, public affairs and business development.
“We are excited that industry leaders like Grab are stepping up to deepen their R&D activities here while providing more job and skills development opportunities for Singaporeans. Covid-19 is an unprecedented crisis that has impacted lives and livelihoods, but such partnerships position Singapore well to weather the storm and emerge stronger than before. Together, we will continue to build a vibrant and sustainable tech ecosystem to drive innovation and capture growth opportunities,” said Ang Chin Tah, Vice President and Head, DISG.
One thing that the pandemic has shown about payments is that speed, reliability and near-universal access have never been more important. For Singapore, the first wave of non-bank financial institutions (NFIs and Fintechs), are now connected to FAST, Singapore’s real-time payment rails.
Financial tech firms believe this move signifies the growth of the local fintech industry. By giving firms access to FAST, previously the exclusive domain of banks, regulators are enabling greater competition and innovation in the payments space. Aimed ultimately to the benefit of consumers, near-universal access has never been more important in a world powered by instantaneous digital interaction.
According to them, whether it is listening to music or taking an online class, consumers are benefitting from a better experience using tech — one that is becoming faster, cheaper, more convenient and most importantly, offers a variety of choice, no matter where you are.
In contrast, they also believe that the financial services industry has largely not kept pace; while fintechs have gradually begun to fill this void by offering a variety of services that were traditionally the domain of the incumbent banks.
For the consumer, on the other hand, the benefits of this seemingly obscure change to the payments plumbing may not seem obvious. But direct participation in FAST helps non-banks level the playing field with traditional banks, increases competition and allows fintechs to offer a better, cheaper and faster service in a digital world. Beyond this, fintechs gain better control over the entire customer experience when connected directly to the national payment system, rather than having this access through a bank.
Fintechs said that this move will also curtail delays, inefficiency and high fees. A recent report from The World Bank’s Remittance Prices Worldwide showed that sending remittances costs an average of 6.75% of the amount sent — far higher than the United Nations’ goal to push this down to lower than 3%. More middlemen in the money movement process mean additional costs and delays resulting in a sub-optimal experience for the end consumer, especially for small businesses.
Financial tech firms are also looking forward to building more competitive products that make payments even faster and cheaper for citizens. They also added that for the fintech sector to thrive, policymakers need to manage risks while encouraging growth. Striking this balance between regulation and fintech innovation is not easy, especially with the rapid speed of technological change.
Accordingly, as reported by OpenGov Asia, The Monetary Authority of Singapore (MAS) pushed the commencement of the Singapore Payment Services Act (PS Act). The new PS Act will enhance the regulatory framework for payment services in the country, strengthen consumer protection and promote confidence in the use of e-payments. The PS Act adopts an activity-based licencing framework in recognition of the different kinds of activities and new developments in payment services.
Just recently, as also reported by OpenGov Asia, Enterprise Singapore (ESG), Infocomm Media Development Authority (IMDA) and the SG Digital Office (SDO) announced that 10,000 stallholders – more than half of Singapore’s stallholders – have adopted e-payments. 10,000 hawkers using e-payments, with transactions growing four times since June 2020. Transactions volume and value for January 2021 also crossed the 1.2 million and S$14 million mark respectively for the first time.
As one of the centres of innovation in the world, Singapore is well-placed to foster a more open and transparent payment ecosystem that benefits consumers. The country aims to lead the charge in encouraging constructive competition and closer collaboration in the sector.
To support the objectives of the Singapore Green Plan 2030, the second edition of the Singapore Energy Grand Youth Challenge will garner ideas using Minecraft: Education Edition (M:EE) from secondary school and junior college students on the following topic – “How would your carbon-free school or neighbourhood in Singapore look like in 2050?”.
The top three teams with the most innovative ideas in each of the two categories will be awarded up to $10,000 in cash prizes.
The Challenge is a partnership between the Energy Market Authority (EMA) and Microsoft Singapore, and supported by the Infocomm Media Development Authority (IMDA). Registration starts 1 March 2021. It is held as part of the Singapore Together movement where Singaporeans can partner the government and one another to co-create solutions and realise the Green Plan.
The Singapore Green Plan 2030 is a whole of nation movement to advance Singapore’s national agenda on sustainable development. The youth play an important role in reducing carbon emissions and saving resources and energy.
“As part of the Singapore Green Plan 2030, Singapore is making the transition towards a carbon-free energy future. To achieve this, we need to change the way we produce and use energy. We encourage youth to envision how emerging low-carbon technologies like carbon capture and innovative energy efficiency solutions can make Singapore more sustainable in the future.” said Mr Ngiam Shih Chun, Chief Executive, Energy Market Authority.
To engage more youth on sustainability issues, this year’s Challenge has been expanded to include junior college students within the new Senior category, together with upper secondary students.
Lower secondary students will be placed in the Junior category. Members of the public will also be invited to vote for the entry which best resonates with their ideas for a carbon-free Singapore.
The inaugural Singapore Energy Grand Challenge for the Youth was launched in March 2020 and invited secondary school students to co-create Singapore’s Energy Story with the question “How would your energy efficient school or neighbourhood in Singapore look like in 2050?”.
92 teams across 29 secondary schools took part in the Challenge. Teams from Raffles Girls’ School (Secondary), Bedok Green Secondary School and St Hilda’s Secondary School were crowned the top three winners and their submissions can be viewed online.
Students interested to participate in this year’s Challenge may register online by 15 April 2021. Students must form teams of two to four schoolmates, and submit a three-minute video showcasing their idea for a carbon-free Singapore with their registration. Shortlisted teams will be contacted and invited to attend specialised workshops to help them with their final submissions.
All submissions will be judged by a panel of representatives from EMA, IMDA, Microsoft Singapore and relevant industry players according to the criteria of relevance, creativity, and presentation. The top three teams from both the Junior and Senior categories will receive their awards in end-July 2021.
Vietnam Prime Minister Nguyen Xuan Phuc recently said that if the country is not brave enough to invest in science and technology and innovation, Vietnam would get stuck in the low-productivity, low-added value and middle-income trap.
Investing in technology and innovation is vital for the nation to bring products to new levels and escape the rut of being the outsourcing hub for others – a reputation which the country has been associated with for decades. This is not only true, he said, for technology firms but for all enterprises in the economy. Applying and inventing new technologies can help increase productivity and heighten enterprises’ positions.
The “Make in Vietnam” initiative, promoted by the Ministry of Information and Technology (MIC) has infused fresh vitality in the startup community. Vietnam has become the fifth country in the world mastering 5G technology, producing 5G infrastructure equipment and 5G smartphones. This stems from Make in Vietnam pride. Over 13,000 digital technology firms were established just in the last year, raising the total number of digital technology firms to 58,000.
In fact, 2020 saw a rigorous start to digital transformation in all fields. The Ministry of Information and Communications built numerous programmes and plans over the course of the year to facilitate a prompt digitalisation process towards digital transformation as well as the engagement of businesses in the information technology sector. Noteworthy was that the IT sector quickly teamed up with others to develop digital products serving efforts in COVID-19 prevention and control and adapting to the “new normal”.
If Vietnam continues is to continue outsourcing, it should only be a very small part of the value chain. Domestically, there is a range of sectors and products that Vietnam has had significant success in. Electric cars, mobility and smartphones are an area that the Vietnamese versatitlity and expertise of shows.
State-owned Viettel, one of the fastest-growing telecom operators, is building a digital business culture with the focus on flexibility, creativity, customer orientation, digital thinking and openness. Other than telecommunications, the company also has expertise in hi-tech research and manufacturing, postal services, construction and commerce. It has accelerated digital transformation in internal administration, applying modern technologies with international standards. All documents at Viettel have been digitised, 50% of manual work has been liberalized, and 30-40 percent of tasks have been automated. Its ecosystem of digital products provides B2C and B2B services in a wide range of fields, from finance, digital marketing and OTT, customer care e-government and smart cities.
In order to accomplish that, the space for creativity must be expanded, while management thinking needs to be reformed, so that creativity is not hindered by rigid regulations and officials’ bureaucracy. The deputy head of the Vietnam Economics Institute stressed that Vietnam needs to reform the way of thinking and the institutional regime with the aim of encouraging participation of non-state sectors in science and technology development and innovation. He believes that information technology and digital transformation should be seen as an important push and pillar to support the recovery process, strengthen resilience, and improve growth quality.
Minister of Information and Communications Nguyen Manh Hung said, ” Becoming a pioneer has always been the aspiration of the Vietnamese nation and every Vietnamese citizen. It is difficult to implement this, but it is not impossible.”
While Vietnam may currently be behind many countries, missing opportunities along the development path, Vietnam has made up for that. Now it is among the top countries in the region and the world in some fields, such as telecommunications and power, maintaining high growth rates. With more power from the 4.0 industrial revolution and its digital transformation strategy, Vietnam’s growth engine will have an additional push to achieve its aspirations of becoming a high-income country by 2045 into reality.
With the pandemic still at hand, countries from all over are looking for further improvements on COVID-19 testing procedures. In Singapore, clinics authorised to conduct pre-departure COVID-19 tests (PDTs) for outbound travellers will now have to issue digital test result certificates, instead of the current physical certificates.
The digital test results will look to improve Singapore Airlines’ (SIA) existing online portal testing programme where passengers can choose from a list of recognised testing facilities and book appointments for pre-departure Covid-19 polymerase chain reaction (PCR) and serology tests. This is part of a digital health verification process based on the International Air Transport Association (Iata) Travel Pass framework.
The digitalisation initiative was supposed to start recently, but it had been delayed to allow clinics and labs additional time to set up the capability to digitalise the PDT certificates.
The Smart Nation and Digital Government Office (SNDGO) said that the new digital certification system is based on HealthCerts, an open-source framework for issuing digital COVID-19 test result certificates. The use of HealthCerts for digital PDT certificates enables an inter-operable, verifiable, and tamper-proof solution that will smoothen and expedite check-in processing and customs clearance at foreign and local immigration checkpoints.
Travellers will need to notarise the digital COVID-19 test certificate – which means having the document certified by the Ministry of Health – so it can be recognised at the airport and overseas. The certificate will need to be uploaded on the Government’s Notarise website, after which a notarised digital PDT certificate containing a QR code will be sent to travellers.
Airline and immigration officials can scan the QR code to check the authenticity of the PDT certificate using a tool called Verify, developed by a technology agency, or by a verification tool currently being piloted by the SIA. The platform will be able to check whether the digital certificate was tampered with and whether the certificate has been notarised by the Health Ministry.
Minister-in-charge of the Smart Nation Initiative in the Prime Minister’s Office Vivian Balakrishnan said in Parliament during the debate on the PMO’s budget that the notarised pre-departure test results will be available on the SingPass Mobile app. The notarised test results will also be sent via e-mail.
Meanwhile, the Government will also look to expand this measure on vaccine certificates.
However, SNDGO noted that the World Health Organisation’s current recommendation is that COVID-19 vaccinations should not be imposed as a condition of entry. They also added that the Government is closely monitoring international developments on the use of digital vaccination certifications for travel and is in discussions with the International Civil Aviation Organisation and various countries on the mutual recognition of such certifications.
There are currently nine HealthCerts-compliant technology providers, which clinics can buy from to start issuing digital certificates. SNDGO clarified that the individual’s data remains private with the digital test certificate.
This is all in line with the country’s efforts in providing a robust system to verify the authenticity of COVID-19 tests and vaccinations, said Prime Minister Lee Hsien Loong. A standardised system is essential to reopen borders and resume international travel, he said in a special address to the World Economic Forum (WEF) Davos Agenda 2021. He further said that countries need to strengthen international cooperation, which is essential in tackling the global pandemic. If countries are to tackle COVID-19 coherently, international cooperation and multilateral efforts, as well as an international order underpinned by stable great power relations, are critical.
Australian government sector IT spend is on track to grow 6.2% this year to $13.26 billion as government organisations continue to embrace remote work and connected public services, according to an IT service management company.
Spending is tracking to increase across all categories, with the biggest growth expected to be seen in software, which is set to experience another year of double-digit growth. The IT service management company predicts spending will increase by 10.5% to $3.39 billion, which compares to a 14.1% growth in 2020.
Meanwhile, data centre spending is expected to rebound from a 5% decline in 2020 to grow 7.4% to $426 million in 2021. Telecom services spending is likewise expected to recover from a 2.4% decline in 2020 to grow 7.1% to $741 million this year.
The remote work boom will meanwhile see device spending grow 4.3% to $563 million, with IT services spending up 5.7% to $5.58 billion and internal services spending up 1.8% to $2.56 billion.
The firm’s VP for Executive Programs stated that public health and safety measures, including vaccinating citizens, are the top concern for public sector organisations in Australia, pushing them to continue to accelerate their digital transformation. Most technologies spend is now linked to digital programs, for example, cybersecurity and digital identity programs.
“We’re seeing the public sector changing IT operating models and innovating at a quicker pace by adopting commercially available technology solutions and software — particularly software as a service. Government budgets will continue to address the recovery and growth needs of communities and businesses in 2021. In addition, investments to address digital equity and access to remote government services will be prioritised,” he said.
OpenGov Asia recently reported that COVID-19 is proving to have some benefit for Australian businesses, according to findings from an international research company. Ecommerce is now a bright spot in the Australian economy and a lifeline for consumers who are working and sheltering at home. Businesses that quickly transitioned to the new normal to survive are now debating if these are not short-term adjustments wondering how long this change will last and if further investments are essential for long-term e-commerce sustainability and growth.
All the signs point to a long-term change in consumer behaviour and the need to step up e-commerce functionality. Findings indicate that the e-commerce market in Australia has been on a steep growth curve during the past few years and has received an additional boost from the COVID-19. The pandemic is expected to ramp up e-commerce sales in the country at a compound annual growth rate (CAGR) of 10.3% between 2020 and 2024.
Experts argue that the pandemic has altered consumer buying behaviour and are increasingly shifting from offline to online channels. The crisis opened the e-commerce market to a whole new set of consumers, who were not using online channels.
OpenGov Asia also reported that The federal government has expanded the scope of Australia’s fledgeling permanent migration scheme for highly-skilled technologists after tripling the program’s intake for this financial year. The change is contained in a new direction for the two feeder visas used for the ‘Global Talent Independent’ (GTI) program – subclass 858 and subclass 124 – issued last month.
The direction (direction 89) will be replacing an earlier one outlining the target sectors for the GTI program when it was first launched in November 2019 to attract tech talent from across the globe. New target sectors of note are education, tourism and the “circular economy”, while the remaining seven areas are largely an expansion of the original seven.
The remaining seven sectors are resources; agri-food and agtech; energy; health industries; defence, advanced manufacturing and space; digitech; and financial services and fintech. They are broadly similar to the former fields, with ‘Digitech seemingly covering what was previous ‘quantum information, advanced digital, data science and ICT, as well as cybersecurity.