OUR VISION
A Global Leader
A Great City
A Home in Asia
For Business, Innovation
and Talent
We create sustainable
economicgrowth, with
vibrant business and good
job opportunities for
Singapore.
The Lead Agency that plans and executes Economic and
Industrial Development Strategies for Singapore
OUR MISSION
ATTRACT
FOREIGN
INVESTMENTS
GROW
INDUSTRY
VERTICALS
ENHANCE
BUSINESS
ENVIRONMENT
Agency for Science,
Technology and
Research
Economic
Development
BoardJTC Corporation
Competition Commission
of Singapore
Singapore Tourism Board
Energy Market Authority
Sentosa Development
Corporation
Department of Statistics
Minister (Trade & Industry) Chan Chun Sing
Enterprise
Singapore
Hotel Licensing
Board
2019 GDP: S$507 Billion (approx. USD 358 Billion)
Biomedical Manufacturing
Chemicals
Electronics
Precision Engineering
Transport Engineering
General Manufacturing
Sectoral breakdown for Manufacturing
Business-friendly environment• Pro-business environment
World-class Talents• Highly educated workforce
Critical Connector to the Rest of the World • Connected to the global trade
network• Openness to talent
Great Place to Live• A safe and vibrant city to work,
live and play
Trusted Partner • Government as a trusted partner
Manufacturing
Construction
Utilities
Wholesale
& Retail Trade
Transportation & StorageAccommodation
& Food Services
Information &
Communications
Finance &
Insurance
Biz
Services
Other Services
Ownership of Dwellings
Nominal GDP
2019
21%
17%14%
15%
MARINE & OFFSHORE
Top maritime capital of the world.
(Source: Leading Maritime Capitals of the World Report, 2019)
ENERGY & CHEMICALS
Top 5 largest refinery export hub globally.
(Source: BP Statistical Review of World Energy 2019)
ELECTRONICS
Accounts for 25% of global semiconductor equipment output in 2017.
(Source: SEMI Global Industry Association)
ADVANCED MANUFACTURING
4th largest exporter of high-tech goods globally, in terms of value-add.
(Source: World Bank Data)
SUPPLY CHAIN & CONNECTIVITY
2nd busiest container sea port and 12th busiest air cargo hub in the world.
(Source: Lloyd’s List 2017 – Top 100 Container Ports 2017; Airports Council International - World Airport Traffic Report 2018)
HUB SERVICES
46% of Asia RHQs are based in Singapore, across a diverse range of industries.
(Source: Singapore Business Review, as quoted in KPMG, “Budget 2018/2019 Report”)
INNOVATION
1st in Asia, for innovation performance.
(Source: Global Innovation Index 2019)
DIGITAL
Asia’s top-ranked country in digital transformation, and 1st in digital infrastructure.
(Source: Asian Digital Transformation Index 2018)
AEROSPACE
#1 aerospace city of the future globally.
(Source: fDi’s Aerospace Cities of the Future 2018/19)
In light of global developments, companies increasingly see the need to rethink strategies and global footprints
Sources: Nikkei News, CNBC, Harvard Business Review
Supply Chains:
Efficiency VS Resiliency
Centralisation VS Decentralisation
Technology and Digitalisation
HUB SVCS
FINANCE
CONSUMER
ADVANCEDMFG
SMART INDUSTRIESPOWERED BY DIGITAL
A ROBUST DIGITAL SECTOR with strong capabilities across 6 industry segments
TRANSPORT & LOGISTICS
HEALTHCARE & AGING
PUBLIC& URBAN SERVICES
HOUSING & ENVIRONMENT
IoTHARDW
ARE, WEARABLESPA
YMEN
TS, E
-COM
MER
CE,
SHAR
ING
ECON
OMY CO
NSU
MER
ELECTRONICSIN
TERN
ET &
PLAT
FORM
S ENTREPRENEURIAL
TECHNICAL CREATIVE
A SMART NATIONPOWERED BY DIGITAL
New technologies are set to drive economic growth in Singapore
Infocomm and Media Industry Transformation Map
Investing in key technology areas will generate key economic opportunities for Singapore
S$749mProjected Market Size
3-year CAGR of 9.5%
SG (2018)
Source: PwC Analysis 2016, AT Kearney 2015, MTI
S$3.78bProjected Market Size
4-year CAGR of 32.9%
SG (2018)
Source: PwC Analysis, AT Kearney 2015, MTI
S$23.9bProjected Market Size
3-year CAGR of 27.6%
SG (2018)
Source: Markets and Markets 2013, PWC Analysis 2014
S$384mProjected Market Size
4-year CAGR of 9%
SG (2018)
Source: Frost and Sullivan: Hypergrid, Infonetics Research, Markets and markets, PwC Analysis, 2014; AT Kearney, Global
Economic Outlook, 2015, MTI
A place where top tech MNCs and rising startups establish their RHQs & innovation centers
Nominal VA: S$33.4 Billion
Total Employment: 195,000
VA/worker: S$170,000
o 80 of the world’s top 100 tech companies call Singapore home, with their RHQs and innovation centers based here
o 1st in Asia for global startup ecosystem, accounting for >40% of the deal flow in SEA, with 5,200 digital startups (Compass 2015)
o Innovation partnerships across corporate segments (e.g. Accenture-Sumitomo) and private-public collaborations (Grab-NUS AI Lab, Alibaba-NTU Joint Research Institute).
Innovation
o Top 2 Asian universities, tied at 11th globally, (NUS & NTU) with deep capabilities in digital and engineering (NUS is Asia’s 1st in EEE & 2nd in CS)
o Robust research ecosystem with 31,900 scientists & S$19 billion in research investments, across digital & engineering domains
o 1st in Asia for talent availability in AI and advanced analytics, 2nd
most attractive destination for global talent and 2nd in the world for startup talent.
Talent
Digital Infrastructureo >50% of SEA data center capacity, which is estimated
to grow by another 25% by 2021
o 27 submarine internet cables
o Roll-out of four 5G networks in 2020, two for nationwide usage and two for industrial needs
o Singapore Digital (SG:D) Framework for Economy, which looks at developing key enablers of talent, R&D, policy and physical & digital infrastructure.
o S$40M set aside to support 5G R&D to develop Singapore as a 5G use-case innovation hub.
o National AI Strategy to drive innovation & adoption of AI.
Government
“ ”Singapore is the most digitally competitive place in Asia
– World Global Competitiveness 2019 Ranking by IMD
Our local ecosystem will allow you to access the right talent, find customers and collaborate with other partners.
SOFTWARE ENGINEERING
Graduating >1400 bachelor degree and
>500 diploma holders each year in computer science and
computer engineering fields
DATA SCIENCE & ANALYTICS
Graduating >700 students each year in applied analytics
Enhanced training pathways to close global skills gap
through courses e.g. General Assembly, Knowledge Hut and
Coursera
3Masters
13Bachelors
11Diplomas
We have a strong talent pool of talent in both Software Engineering and Data Science & Analytics.
7Bachelors
4Diplomas
5Masters
• MTech in Software
Engineering
• Master of Computing –
Computer Science
Specialization
• Bachelor in Computing
• Bachelor in Computer
Engineering
• MSc in Artificial
Intelligence
• Bachelor in
Computer
Engineering
• Bachelor in
Computer
Science
• Diploma in
Information
Technology
• Diploma in
Mobile Software
Development
• PhD in Computer
Science, covering
the following
research areas:
• Algorithms &
Theory, AI,
Database,
Programming
Languages &
Software
Engineering
• Master of IT in
Business (Analytics)
• BSc Information
Systems (Track in
Business
Intelligence &
Analytics)
• Specialist Diploma in
Business & Big Data
• Diploma in Business
Intelligence & Analytics
Deepening our technological capabilities and encouraging collaboration & open innovation efforts.
Research Institutes
Institutes of Higher Learning
S$400M for research &
innovation (Services &
Digital Economy Sector)
• Institute of Data Science
• Learning & Vision Lab
• Human Language Tech
Lab
• Data Science and
AI Research
• NTU NLP Group
• Centre for AI and
Data Governance
• SUTD AI
Program
A*STAR Deep Learning
2.0
• Computing Science Dept
• Social and Cognitive
Computing
Integrated Circuit and AI
Hardware Dept
The Monetary Authority of Singapore (MAS) has announced a $27m AI &
Analytics grant to catalyze adoption of AI in the financial services sector.
Companies can participate in the following ways:
EXPERIMENT
• Under MAS’ purview, companies can partner other
enterprises, Financial Institutions (FIs), regulators,
and VCs in a low-risk, fail safe environment
• To co-innovate & develop new AI solutions
VALIDATE
• Deploy AI solutions with technologically ready &
forward-thinking partners in our
• Leverage Singapore’s trusted brand as a financial
hub to export your solutions globally
Green Buildings Innovation Cluster to
accelerate the adoption of energy
efficient technologies
FINTECHNEXT GENERATION MOBILITY
HEALTHCAREBUILD ENVIRONMENT
• Consists of 7 dedicated blocks with a tenant-mix of start-ups, incubators and investors
• Action Community for Entrepreneurship (ACE) Welcome Centre
• Business concierge for visitors & start-ups; community building
• Co-location of incubators/accelerators/investors
• IMDA’s BASH @ Blk 79; NUS@Blk 71; NTUitive etc - Start-up facilities for accelerators, investors, incubators & entrepreneurs
• Additional campuses to promote start-up innovation:
• LaunchPad @ Cleantech Park
• LaunchPad @ Jurung Innovation District
•
There are various enablers within Singapore’s Tech ecosystem for companies to leverage on
• We have ~4,000 tech start-ups in Singapore and
we are ranked amongst top global start-up
ecosystems (#14)
• On AI, we have >200 start-ups offering
innovative products & solutions, based on
different technology areas such as machine
learning, computer vision and natural language
processing.
START-UP ECOSYSTEM CONSORTIA EVENTS & WORKSHOPS
• AI.SG Makerspace
• 100 Experiments
• Set up by NRF, NUS, NTU, SMU
and A*STAR, aims to help
industry identify problem
statements
• Open Innovation Platform
• Community Enabler to connect
researchers, data scientists etc.
• SGInnovate Deep Tech Workshops
• Features key global financial
institutions, corporates,
innovators from FinTech start-ups
to unicorns70% OF DEAL VALUE FROM
SOUTHEAST ASIA
6.65 B IN VC INVESTMENT
2018
MNCs
StartupEcosystem
STARTUPS/ACCELERATORS/VC/CORPORATE VENTURE ARMS
TECHNOLOGY COMPANIES END USER COMPANIES
28-man Internet of Things Centre of Excellence for Resources
Embark on a first-of-its-kind Global IoT Initiative for
Sumitomo Group, to bring greater visibility and
sophistication to the Group's global supply chain
information management and to digitize production plant-
related work.
Expected Outcomes: Advancement in work efficiency,
standardizing operations, raising plant capacity utilization
and optimizing energy conversion efficiency, enabled by
data analytics, sensors and smart devices. with a number
of sensors installed in production plants or promoting the
use of smart devices by on-site workers.
Helped Sumitomo to design &
implement a digitalization
roadmap for its 3 facilities
Global Machine Learning Centre of
Excellence
75-man team executing SAP’s
global roadmap to embed ML
across product suite
Centre for Blockchain Innovation
for Trade and Finance
Creating world-first enterprise
solutions for trade and finance,
using blockchain and AI
Global Technology Hub for
Research & Development
[Data Science for Urban Mobility]
200-man data science &
engineering team creating new
mobility services for Grab
Pay Pal Innovation Lab
Singapore
[Fintech]
Partnering local IHLs on joint deep
tech research, and startups, to
develop new payments solutions
Nvidia Technology Centre Asia
Pacific
[AI Hardware]
Deep Learning R&D, with a focus
on urban mobility and smart cities,
in collaboration with corporates,
IHLs and research institutes
Research and Development Centre
[Software Engineering]
Responsible for product
development and engineering
across various Autodesk products
IoT Solution Center of Excellence
[Software Engineering]
29-man team to create sustainable
solutions to solve urban solutions
IoT Analytics Competency Team[Analytics]
24-man team to develop analytics
solutions for various applications
Corporate Innovation Labs
P&G Digital Innovation CentreFirst e-Centre outside of the US,
responsible for driving global digital
transformation through supply chain
management, analytics and business
processes
MSD Global Innovation Hub160-man team driving innovation in new products
& efficiency through data science
Asia Pacific Innovation CentreInnovation in logistics services through partnerships
& emerging tech
Allianz Asia Lab10-man team using analytics to improve efficiency
& develop new business models
MasterCard LabsTechnology innovation center spearheading new
solutions in mobile payments & remittance
!Business
EnvironmentTalent &
CapabilitiesLead
DemandDigital
ConnectivityVenture Capital
Policy & Regulations
o Regulatory sandboxes to promote innovation in new areas, e.g. Fintech
o Heart of investment in SEA, home to a large pool of VCs
o Connectivity Hub of SEA, hosting mission critical-data for innovation & delivery of digital services
o Gov-led demand (e.g. Smart Nation, Smart Industries)
o Industry-led demand – large base of end-users digitalisingfrom SG
o Industry & IHLs developing interdisciplinary talent
o Public funding for R&D to develop key capabilities
o Innovation clusters & live test-beds (JTC Launchpad, Digital Districts)
o Partnerships between MNCs, startups, IHLs
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