The first Flagship will focus on semiconductor and microelectronics R&D and the first Grand Challenge will look at healthy and successful longevity.
We welcome SICC members who are engaged in these domains to work with us on these platforms. We will be announcing more Grand Challenges and Flagships in the years to come.
Another way that we are fostering collaboration is by facilitating stronger connectivity between larger firms, SMEs and startups.
Since 2017, Enterprise Singapore has supported innovation partnerships between large corporates and smaller enterprises through Open Innovation. Over the year, more than 350 matches have been catalysed through this platform.
SICC members like Olam and Shell, for example, have been matched with SMEs and startups from Singapore and overseas to develop new solution in sustainable agriculture and clean energy distribution.
A third way is by connecting innovators more closely across borders, with one another as well as with investors and partners, to jumpstart collaborations.
Strong networks with other ecosystems provide enterprises with local insights and partnerships to make the most of new opportunities.
In this regard, Enterprise Singapore’s Global Innovation Alliance or GIA connects Singapore startups and enterprises with established innovation hubs worldwide, facilitating market access and cross-border R&D collaborations.
So far, the GIA has empowered more than 600 startups with market access across 24 cities, and catalysed cross-border research with over 40 countries.
We also host the Singapore Week of Innovation and Technology or SWITCH to strengthen linkages between our enterprises and those globally and to deepen our innovation capabilities, particularly in deep tech.
SWITCH offers good opportunities for enterprises, including SICC members, to network and better understand the latest developments in emerging technologies like climate tech, advanced manufacturing, and AI.
I encourage SICC members to attend the 10th edition of SWITCH taking place this October.
And Chambers like SICC, with your diverse membership and networks, also play a role in strengthening Singapore’s position as a Global-Asia node.
In this regard, let me make a suggestion to SICC – to consider introducing a new, sixth category to your awards to recognise collaborations that are “Best Cross-Border Innovations”.
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