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 Technology
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.
The Hong Kong Applied Science and Technology Research Institute Company Limited (ASTRI) and a wholly-owned subsidiary of a Hong Kong-based telecom, have introduced a jointly developed Augmented Reality (AR) solution designed to transform field engineers’ operations and maintenance processes.
Called DataHOUSE AR Remote Hand Service (AR Remote Hand), the solution leverages wearable Augmented Reality (AR) technology and brings the telecom subsidiary’s field engineers and its customers to a new era, enabling them to slash the time and cost of troubleshooting and maintenance for achieving better results.
The AR Remote Hand Service employs AR glasses to stream real-time intelligence, troubleshooting logs, graphics and encrypted data from back-end systems to on-site engineers and maintenance staff, boosting field productivity by up to 50%.
By wearing the glasses, field engineers do not have to stop their work to communicate with back-end support teams via a laptop or phone, nor to refer to a paper manual. The AR Remote Hand provides field engineers with a heads-up display for remote visualisation in real-time as they install, maintain or troubleshoot equipment, thus speeding up the whole process.
The solution enables field engineers across multiple locations to overcome the challenges of multiple languages and skillsets in multi-technology environments; as well as to manage installation and maintenance issues more efficiently and cost-effectively, resulting in improved customer satisfaction. This ability to work effectively from remote locations is also helping the telecom’s customers and staff stay safe amid the COVID-19 pandemic.
To ensure safe operations and maintain service infrastructure availability by the global remote service support teams, the subsidiary is using DataHOUSE AR Remote Hand Service in its China Data Center operations to assure regional customers’ business operations continuity.
The CEO of ASTRI stated that the strategic collaboration has demonstrated the success in leveraging next-generation technology in real-life applications that benefit Hong Kong’s people and society, in this case, smart industrial applications and field service management solutions for Hong Kong enterprises.
The CEO of the telecom’s subsidiary stated that DataHOUSE AR Remote Hand is an innovative remote maintenance service adopted in data centre scenarios, which leverages AR intelligent operations and maintenance technologies. Going forward, the parties, through further collaboration and more innovative thinking, expect to enhance the service to cope with more scenarios and bring more value and better customer experience to enterprises.
In their collaboration, ASTRI focused on developing the software platform and customisation, while the subsidiary provided related information and opinions based on its experience with business cases in various scenarios and applications. This ensured the solution could effectively address enterprise customers’ needs across a range of industries. The result is a solution that offers a wide array of benefits in service provisioning and remote location visualisation and communication capabilities:
- Intuitive AR-Guided Installation, Troubleshooting and Maintenance: With AR Remote Hand, field engineers recognise any device with a designated QR code and access real-time intelligence, graphics, and encrypted data from back-end systems streamed on-site. Field staff can access virtual step-by-step guides or even 3D manuals via AR glasses, without the need to interrupt work to check information on a laptop or in a manual.
- Historical Records Analysis: Using a pre-set routine (e.g. gestures), on-site engineers can review a device’s historical record (e.g. customers’ network traffic or cloud CPU history), speed up data analysis and troubleshooting, while cutting downtime and cost.
- Seamless Communication and Collaboration with Back-end Support: Field engineers previously communicated with back-end support via email or phone, making it difficult to describe a troubleshooting situation. Removing distance and language barriers, back-end engineers now view real-time images streamed via AR glasses through an AR operations console, improving operational speed and quality. Its powerful video conferencing feature also offers engineers instant support and fosters off-site collaboration between global operations and maintenance teams. Also, back-end engineers can give field engineers clear instructions via 3D AR labelling.
In exceptional circumstances, such as the current pandemic, it is difficult for enterprises’ IT staff to travel to data centres and manage their equipment. Equipped with the latest AR glasses development, the DataHOUSE AR Remote Hand serves as customers’ remote hands. It not only shows the status of on-site equipment as customers watch in real-time from offices or other locations but also lets customers provide live instructions to the subsidiary’s on-site engineers as they troubleshoot equipment issues without physically being in the data centre.
The team has plans to extend the AR Remote Hand service for further customer use and will enlarge the list of equipment support. Adding AI applications for the AR glasses will be the next milestone as we work to deliver even more intelligent diagnoses.
For example, when a field engineer sees the status of the target-fixing equipment through the AR glasses, they will be shown several possible causes for the problem, with each cause ranked with a percentage according to how likely it is to be the source of the problem.
Indonesia is very serious about Intellectual Property rights and this is reflected in their policies and initiatives that have significantly revamped their IP landscape.
The Directorate General of Intellectual Property falls under the Ministry of Law and Human Rights DGIP Vision and Mission. With a vision to be an Intellectual Property Institution that guarantees legal certainty and a driver of innovation, creativity and national economic growth, it serves to achieve quality intellectual property services and enforcement.
There are three important pillars to improving intellectual property management in Indonesia including filing, commercialisation and law enforcement. The DGIP continues to communicate these three pillars to the regions and ministries of the relevant institutions, which in turn has had an impact on increasing IP applications with the DGIP, including patents, copyrights and trademarks.
Interestingly, Intellectual property registrations in Indonesia have increased during the COVID-19 pandemic
“It can be seen from the intellectual property registration income, that where we have implemented an online system, there were around Rp 250 billion (US$ 17 million) entries during March and April this year, up from the same period last year at only Rp 130 billion (US$ 8.8 million). This is beyond our expectations,” said Freddy Harris, the Director-General of the Intellectual Property, in the IP Talks From Home online talkshow via YouTube, as quoted from official information received by Kontan e-paper.
While only 3,000 copyrights were registered a few years ago, currently registrations have reached 21,000. Earlier domestic patent registrations formed about 10% of overall patent registrations but now makeup about 15%.
The DGIP has been successful in setting up virtual counters, the first virtual IP registration counters in Indonesia. “People have been very enthusiastic about the virtual counters, as seen from recent transactions. They no longer need to come to the physical counters because it is very risky for spreading the virus. With these counters, people are being adequately serviced and the DGIP’s acceptance rate has increased,” said Mr Harris.
Most recently, the Minister of Law and Human Rights, Yasonna Laoly graduated 139 new Intellectual Property Consultants (KIs). With this inauguration, Indonesia has 964 IP consultants. The inauguration of the batch of KI graduates is considered important by as IP consultants are a strategic piece to help protect the intellectual property rights of the community. Yasonna advised all KI consultants to always maintain integrity and trust – becoming consultants who maintain integrity, professional code of ethics, follow principles and obey the law.
The existence of KI consultant is intended to help and represent the public, especially intellectual property rights applicants such as creators, inventors, designers, rights holders or other parties who have the right to apply for registration in the field of intellectual property expounded Yasonna explained during the inauguration ceremony for KI consultants.
Not only in the intellectual property registration process, Yasonna said that IP consultants also have a moral responsibility to introduce the importance of IP protection to the public. IP consultants encourage Indonesians to protect their work as well as regional property through intellectual property registration.
KI consultants mobilise and encourage people to continue to be creative. According to him, research shows that the number of intellectual property applicants, be it brands, patents, industrial designs, or others, has a positive correlation with the economic growth of a nation. He exhorted the batch of consultants to encourage regions to register communal intellectual property as well as geographical indications.
In this connection, the Minister of Law and Human Rights (Menkumham) praised West Java’s contribution in terms of protecting communal intellectual property. West Java is one of the important economic pillars that contributes greatly to the field of intellectual property as a province with the largest brand ownership and geographical indication in Indonesia.
In addition, West Java is an exemplary province in developing regional regulations in the field of intellectual property, including communal intellectual property in the form of dances, traditional clothing and other cultures. These are all legacies that we must preserve because the progress of the times does not need to erode local wisdom.
Minister Yasonna is also optimistic that the Alam Santosa tourism village will further increase West Java’s contribution to the preservation and protection of communal intellectual property. With the Alam Santosa tourism village as a learning centre based on Indonesian culture to develop local policy insights as a contribution to the development of national cultural values, Kemenkumham is optimistic about West Java’s potential and contribution in the field of intellectual property in the future.
An incubatee at the Hong Kong Smart Government Innovation Lab has announced the launch of a new solution. It is now ready to be acquired by companies and institutions.
Solution description
The solution, called the NB-IoT/LoRa Dual-detection parking occupancy sensing system, can accurately sense the occupancy status of parking space or spaces through its fully integrated dual-detection from Radar/mmWave and magnetometer sensing.
Equipped with leading NB-IoT and LoRa WAN technologies, the end-to-end system is easy to use and can be rapidly deployed. The solution also provides cross-system integration for various payment methods including self-help automatic payment, membership payment, and on-site payment. Data is displayed on the parking operation platform including parking space status, vehicle status, turnover rate, illegal parking behaviour and much more.
Application Areas
The solution was designed to enhance areas including City Management as well as Transport.
Technologies Used
The innovation is equipped with the latest Internet of Things (IoT) technology.
Use case
The solution has the following benefits:
- Privacy: the system does not use the camera data to identify license plates or individuals’ faces, thereby eliminating privacy concerns;
- Low-cost: the parking timer sensor installation and maintenance costs are much lower camera installation costs;
- Mobile app: an interconnected app has been developed to help drivers navigate the parking areas;
- Special Parking Management:
- Detects and alerts users of no parking zones and U-turn area.
- Can Interlink with a speaker those with disabilities and for enhanced night safety parking.
- Charges different commercials accordingly (the system can be set to charge vehicles by number, hour, and time – for example, taxis, vehicles in temporary parking, and those in loading zone parking can all receive different rates).
- Detects scooter and heavy motorcycle parking spaces.
- Detects and manages shared parking.
- Can confirm whether a VIP or special user has parked in the appointed space.
The smart parking market
The global smart parking market is expected to rise from its initial estimated value of US3.38 billion in 2018 to an estimated value of US12.60 billion by 2026, registering a CAGR of 17.85% in the forecast period of 2019-2026. This rise in market value can be attributed to the increasing concerns of parking amid growth in the number of vehicles. The high cost of implementing and subsequent increase in the cost of the vehicles is expected to act as a restraint to the market growth.
Known as the “super project“, the Hong Kong-Zhuhai-Macao Bridge Zhuhai Port has the most complex technology and the most difficult implementation in the history of Chinese bridge construction. It has 18 lanes and about 2500 parking spaces so far.
Additionally, a smart parking management system has been developed for the port. The all-in-one smart transportation solution for the car park of Hong Kong-Zhuhai-Macao Bridge Zhuhai Port includes a license plate recognition/card system, a video parking guidance system, and more to achieve unattended parking. It also has a license plate scan to go system, parking guidance and voice IP intercom. Car owners can experience rich multimedia functions, such as pictures, videos, animations, and instructional information.
Thus, as the number of vehicles continues to rise, so will the need for bigger, better, smarter parking and Hong Kong is at the epicentre of innovations in the field.
About the Smart Government Innovation Lab
In 2018, the Government established the Smart Government Innovation Lab to explore hi-tech products such as AI and relevant technologies, including machine learning, big data analytics, cognitive systems and intelligent agent, as well as blockchain and robotics from firms, especially local start-ups.
The Lab is always on the lookout for innovation and technology (I&T) solutions that are conducive to enhancing public services or their operational effectiveness. I&T suppliers are encouraged to regularly visit the Lab’s website to check on the current business and operational needs in public service delivery and propose innovative solutions or product suggestions to address them.
The Assurance, Care and Engagement (ACE) Group, in partnership with the Smart Nation and Digital Government Group, the Building and Construction Authority, the Economic Development Board and industry partners such as The Singapore Contractors Association, will be distributing more than 450,000 contact-tracing devices to all migrant and local workers living or working in dormitories, as well as those in the Construction, Marine Shipyard and Process sectors.
The distribution of the devices will be carried out in phases from 18 October 2020 and is expected to be completed by early November 2020.
Contract Tracing Devices purpose built for worksite environments
The contact-tracing devices, BluePass tokens, are purpose-built for the dormitory and worksite environment. They are compact and water-resistant, and can be worn at all times.
They will be interoperable with and complement the use of the TraceTogether app on migrant workers’ smartphones, as some workers may not always be carrying their phones at work and at the dormitories.
The ACE Group and sector agencies will trial and evaluate how these tokens function and perform in the rugged work environments, and how the data from the tokens can help improve contact tracing and the quarantine process when new COVID-19 cases are detected.
Tokens will help minimise COVID-19 transmission and work disruptions
This will benefit employers and workers because only close contacts will be isolated, thereby minimising any work disruptions.
Data can also be extracted from the tokens, to assess the extent of intermixing amongst the workers. This can help employers and workers better understand how preventive measures can be taken to minimise intermixing and potential transmission of the virus.
The contact-tracing devices will be distributed with the support of the Forward Assurance and Support Teams to migrant workers living in purpose-built dormitories.
Workers living in other types of accommodation will be issued their devices at Regional Screening Centres for Rostered Routine Tests.
Self-collection points will be set up for workers residing in decant sites and other forms of accommodation. Employers and workers will be informed of the collection dates subsequently.
Photo Credit: www.gov.sg
From 2021, Vietnam plans to provide digital transformation ranking to ministries and provinces each year, measuring the extent to which national and local authorities have developed online activities in all areas of the society and economy.
The country’s administration is prioritising e-government as a central pillar of its ambitious national digital transformation strategy to increase digital infrastructure, solutions, and capacity in the government, industry, and society.
The aim is to emerge from the COVID-19 pandemic with every branch of government operating in a digital technology environment. Two important national databases will digitise information about the population and land, enabling e-identification and authentication to be in place by the end of 2021.
Other measures include capacity development and digital skills training for both government and businesses. Vietnam is set to rank among the top four ASEAN countries on the United Nations (UN) e-government rankings by 2030 – and among the top 70 worldwide.
With a population of about 100 million and a consistent GDP growth rate of around 7% over the past 30 years, Vietnam is rapidly digitising its infrastructure. The national broadband rollout and 4G/5G deployment are keys to digital transformation and international economic competitiveness.
Starting in major urban centres such as Hanoi and Ho Chi Minh, affordable 5G will be critical in building smart cities and powering the fourth industrial revolution to increase economic growth, generate jobs, and work towards achieving the UN’s sustainable development goals (SDGs).
Scientific and technological innovation, including new applications like artificial intelligence (AI), blockchain, and virtual/augmented reality (VR/AR), underlie this strategy. They are dependent on international cooperation in research, development, and the transfer of new technologies and commercial models in Vietnam.
According to a press release, all of this will be on display at ITU Virtual Digital World 2020. It is an online three-day event from 20 to 22 October. The first-ever virtual event from ITU Telecom, Virtual Digital World 2020 will build the foundations for the next physical event, ITU Digital World 2021 in Hanoi, next year.
Vietnam has hosted high-level virtual conferences before, including the online 36th ASEAN Summit earlier this year. The focus was on cooperation and unity in recovering from the health, social, and economic impact of the pandemic – a theme expected to underpin discussions at ITU Virtual Digital World 2020.
This October, the emphasis will be on how national digital strategies have changed or are changing in the era of COVID-19. The critical importance of digital technologies to governments, economies, society, and individual lives has never been clearer, and neither has the digital inequality gap, the release stated.
The event will explore questions that will be discussed during the roundtables and forum debates, including:
- How can governments and private sector players work together with the help of the international community to invest in network deployment, redirect resources and refocus strategies to close the digital divide?
- Which new or emerging technologies might be the most cost-effective or fit-for-purpose?
- Will the pandemic stimulate sufficient demand, or are other demand-side initiatives needed – and who should then take the lead on developing them?
Vietnam has been eager to reinvent itself and key among its strategies is their digital transformation. The nation is are keenly aware of the decisive role perception plays in this.
Digital platform development is a breakthrough solution to promote faster digital transformation, reduce costs and increase efficiency. The country also recognises that people are at the centre of digital transformation and that institutions and technology are the driving force of digital transformation.
According to the report “Southeast Asia’s Digital Economy 2019”, Vietnam’s digital economy was valued at $12 billion in 2019. Over the past 5 years, Vietnam’s e-commerce market grew by over 25% per year. Vietnam’s digital economy is forecasted to contribute 5% to the country’s GDP and is expected to reach $43 billion by 2025.
Vietnam has made tremendous strides in its digital economy and tech-related industry and the country has managed to attract many big investors including numerous tech giants. The overall number of ICT firms in Vietnam (both domestic and foreign-invested) are a staggering 46,000 units. Vietnamese ICT industry’s revenue in 2019 was US$ 110 billion, the B2C e-commerce contributed about US$ 10.8 billion and the digital content industry’s revenue was pegged at US$ 850 million.
Much of the domestic revenue has been driven by a rapidly increasing national reliance on digital communication and internet-driven activity. Internet users account for nearly 80% of the nearly 100 million total population and 57% use social networks. The total telephone subscribers are 129.49 million, of which 126.09 million were mobile subscribers. There are 16 million fixed broadband Internet subscribers and nearly 67 million mobile broadband subscribers.
Another aspect of the country’s strategy has been to create national, in-house capacity in an effort to reduce foreign dependence on expertise. Vietnam currently has 149 universities with faculties offering training courses in IT, electronics and telecommunications and information security. The number of ICT students graduating from universities and colleges annually is estimated at 50,000 people.
Early this year, on June 3, 2020, the Prime Minister approved the National Digital Transformation Programme which is moving Vietnam towards a new development space – digital economy, digital society, e-government, opening up great opportunities for Vietnam. The NDTP has ambitious targets for the next 5 years and prioritises digital transformation in the fields of health, education, finance – banking, and agriculture.
By 2025, the programme is looking to drive Vietnam into the 50 leading countries for IT development. Strategies have been put in place to ensure Vietnam’s digital economy accounts for 20% of the nation’s GDP. As part of the inclusive and comprehensive growth plans, the programme aims to have 50% of the population have electronic payment accounts. To do this, the country plans to ensure that 80% of households are covered with broadband fibre optic cable connectivity and that every citizen to have a smartphone.
Targets to 2030 are even more aspiring and Vietnam wants to be in the group of 30 leading IT countries in the world, universalise fibre and 5G cables, have 100,000 digital technology businesses and have digital technology human resources of 1.5 million people.
The Ministry of Information and Communications is promoting Vietnam’s digital transformation process, bringing together Vietnamese digital technology businesses to form a large community to perform a national digital transformation, creating digital life and a driving force for the country’s socio-economic development.
OpenGov Asia has been regularly reporting on Vietnam’s digital journey and recently chronicled the nation’s telecom decisions that paved the way for digital growth.
With a focus on becoming the best place for technology firms, Vietnam has made an intentional shift from doing outsourcing to making its own products. A part of its digital infrastructure creation, the nation plans a second software park in Da Nang.
Vietnam is taking the security of its digital landscape seriously and has taken significant steps to safeguard itself including cooperation with regional partners. Most recently the Vietnamese Ministry of Public Security and the Singaporean Ministry of Communications and Information held a virtual ministerial meeting to discuss bilateral cooperation on cybersecurity.
Enterprise Singapore and the Asia-Pacific Committee of German Business (APA) signed a Memorandum of Understanding (MOU) to support enterprise development through industrial and digital transformation in sectors of common interest, including advanced manufacturing, digitalisation and innovation, medical technology and healthcare, and future of mobility.
Under the MOU, Enterprise Singapore and APA will co-organise the refreshed Germany Singapore Business Forum Connect which will feature sector-specific events held throughout the year to facilitate more frequent collaborations between German and Singapore companies.
Mr Peter Ong, Chairman of Enterprise Singapore and Co-Chair of GSBF Connect, said, “In this changing business environment, our enterprises need to connect with one another in more and better ways. Germany and Singapore are trusted partners who place a high emphasis on delivering quality and innovative products and services. The MOU between Enterprise Singapore and APA will cement this commitment to help our companies collaborate and leverage each other’s strengths. I look forward to forging new partnerships with Germany, and welcoming our German friends and partners to join us for the upcoming series of GSBF Connect events.”
Partnerships between Singapore and German companies are expected to grow as both countries deepen business ties through a suite of initiatives. In the last four years alone, the Germany Singapore Business Forum (GSBF) has brought together more than 400 German and Singapore companies.
Platforms such as the GSBF have raised interest amongst Singapore companies to explore opportunities in
Germany, as reflected in the number of business missions to Germany led by Enterprise Singapore which has almost doubled on a year-on-year basis.
The number of business missions to Germany increased from 13 in 2018 to 22 in 2019, benefitting over 150 companies in 2019, across sectors including advanced manufacturing, medical technology and healthcare, future of mobility, and e-sports.
Prof. Axel Stepken, Chairman of the Management Board TÜV SÜD AG and Co-Chair of GSBF Connect, said, “Singapore is attractive to German companies in several ways – as a proven long-term partner with whom new technologies and innovative business models can be developed, but also as an experienced bridge builder into the emerging ASEAN region.
“Singapore has a strong record as a leading R&D hub and digital trendsetter, while German companies are known for their ability to manufacture state-of-the-art machinery and products. I still see many fields and sectors in which we can bring our specific strengths together. With the GSBF Connect, we want to make a relevant contribution to realize these untapped potentials.”
The first edition of GSBF Connect, dedicated to the manufacturing sector, will be held virtually during Industrial Transformation ASIA-PACIFIC 20203 on 21 October. A second edition of GSBF Connect will be held during the Singapore Week of Innovation and Technology on 9 December 2020.
Singapore and German SMEs have collaborated in co-innovation projects under the Germany-Singapore SME Funding Programme, jointly managed by Enterprise Singapore, and AiF Projekt GmbH on behalf of the German Federal Ministry for Economic Affairs and Energy.
A new partnership between Singapore Polytechnic, German testing, inspection and certification company TÜV SÜD, industrial automation leader Delta Electronics and Singapore’s Smart I4.0 Transformation Alliance (SiTA) was announced on 14 October 2020.
