Singapore Economic Development Board (EDB)

The Singapore-Japan Fast Track Pitch Event in #Singapore brought together over 300 startups and corporates to explore avenues for collaboration and co-innovation. Arkema and ASL, along with Japanese MNCs AGC Group, Mitsui Chemicals Group and NTT DOCOMO ASIA Pte. Ltd., presented real-world business challenges across areas such as sustainability and the digital economy. Selected startups were invited to pitch their solutions - a demonstration of how Singapore’s small-and-medium sized enterprises (#SMEs) can partner globally-leading players as suppliers and co-innovation partners. Congratulations to Singapore startups Breathless Studios, Rainforest and Accredify for presenting winning pitches! Attendees also got the chance to hear from industry leaders as part of the Japan-Singapore Co-Creation Platform (JSCCP). Schneider Electric’s Senior Manager of Sustainability Business Alexandru Popa and Bosch Rexroth’s President and CEO of ASEAN and Oceania Michel Gunawan highlighted how international companies can form strategic partnerships with local ecosystem players and lean on their expertise to co-create new, innovative solutions. Government initiatives, such as IMDA’s Open Innovation Platform, help bridge the gap by connecting global MNCs with Singapore’s extensive network of startups and SMEs. The event was co-organised by JETRO Singapore - Accelerate Innovation with Japan -, the Ministry of Economy, Trade and Industry, the Embassy of Japan in Singapore, the Ministry of Trade and Industry (Singapore), Enterprise Singapore and EDB. #MatchMadeInSG

Collins Aerospace, an RTX business, has invested in a new, state-of-the-art US$250m manufacturing facility that will put it right in the heart of Singapore’s #aerospace hub. Scheduled for completion by 2027, the new facility at Seletar Aerospace Park will serve as the company’s innovation hub, harnessing cutting-edge technology to enhance the design, development and production of aerospace components. Developed by JTC Corporation, Seletar Aerospace Park hosts over 70 global and local aerospace companies involved in diverse activities including engine manufacturing and Maintenance, Repair and Overhaul (MRO). Collins’ relocation to Seletar will allow it to ramp up production capabilities and collaborate more closely with other leading industry players in driving innovation in advanced #manufacturing. As one of the first aerospace companies to establish a presence in Singapore, Collins Aerospace has played a pivotal role in the local aerospace ecosystem over the past 50 years, having established strong relationships as a supplier to key airframers such as Airbus, Boeing and Bombardier. Singapore also serves as Collins’ regional headquarters for Asia-Pacific, housing its MRO services, as well as manufacturing, sales and marketing. Singapore’s aerospace industry contributes about 10% of global MRO output and this is set to rise amid rising demand in Asia. Learn more about how Collins is growing its business in #Singapore: https://lnkd.in/gAWS87Z8 Aerial shot of Seletar Aerospace Park is courtesy of JTC.

Singapore will gain access to Quantinuum’s advanced H-series quantum computers for joint research and training, through an MOU signed with the leading quantum computing company. Quantinuum brings together Cambridge Quantum’s best-in-class software with US MNC Honeywell Quantum Solutions’ high-performing hardware. Its collaboration with Singapore’s National Quantum Office, A*STAR - Agency for Science, Technology and Research, National University of Singapore, National Supercomputing Centre (NSCC) Singapore will focus on computational biology, advancing drug discovery and personalised medicines. The parties will also work together on developing hybrid #computing solutions, and training and workshops to nurture quantum #talent in Singapore. These collaborations will enable knowledge exchange between researchers from Singapore and Quantinuum, while contributing to Singapore’s growing quantum community. #Singapore had earlier announced its National Quantum Strategy to strengthen our position as a leading hub in the development and deployment of quantum technologies. An additional S$300m will be invested to enhance scientific and engineering capability development, grow and build a quantum-ready workforce, and develop strong company and ecosystem partnerships here. Find out how this strategic partnership with Quantinuum will strengthen Singapore’s quantum technology ecosystem: https://lnkd.in/gGmPymWq

Global #semiconductor MNCs can count on partnerships and a vibrant local ecosystem in Singapore to support their innovation and sustainability goals. Equipment and substrate companies, semiconductor equipment assembly players and solution providers are among the diverse pool of suppliers and partners helping MNCs plug production gaps and build supply chain resilience. Among them are: ⚪ ELH Additive Manufacturing: A local precision engineering company that moved into Additive Manufacturing for metal/polymer materials. It works with MNCs across industries such as aerospace, defense and semiconductor manufacturing. ⚪ Gauss Labs: A Singapore-based industrial AI startup focusing on AI-based solutions that can improve high-volume semiconductor manufacturing efficiency by reducing process variability by 30%. ⚪ Gurobi Optimization: A Singapore-based company specialising in computational mathematical programming and prescriptive analysis that can help companies leverage data to optimise business decisions. Industry trade associations like the Singapore Semiconductor Industry Association (SSIA) play a crucial role in driving partnerships between global players and Singapore enterprises. At their annual Business Connect event this week, themed "Empowering SMEs through Collaboration and Innovation", SSIA brought together global semiconductor giants, local enterprises (including small-and-medium-sized enterprises), research institutes and government agencies to foster knowledge exchange and collaboration within the semiconductor ecosystem. Read this article to find out more about Singapore’s semiconductor industry: https://lnkd.in/gW38cbXA Photos courtesy of SSIA.

US #biopharmaceutical giant Pfizer is expanding its presence in Singapore with a S$1b state-of-the-art manufacturing facility in Tuas Biomedical Park. The site – a best-in-class facility featuring flexible and modular #manufacturing, smart technologies, and sustainable features – is poised to become a long-term strategic site for Pfizer’s global operations. It will produce small molecule Active Pharmaceutical Ingredients (APIs) for oncology, pain, and antibiotic medicines for global markets, and is expected to create over 250 highly skilled roles. Pfizer is the largest contributor to pharmaceutical manufacturing output in Singapore. It has significantly expanded its presence in Singapore over the last 60 years through manufacturing and regional HQ functions. Pfizer also develops engineering solutions and #innovative manufacturing technologies from Singapore, in partnership with our ecosystem players, which have been deployed at its manufacturing sites globally. Singapore continues to bolster the vibrancy of our biomedical sciences ecosystem to welcome pharmaceutical companies investing in leading-edge manufacturing technologies and facilities dedicated to new drug modalities. We are growing our bench strength of talent and improving worker productivity through advanced training. Find out more about Pfizer’s decision to continue expanding in Singapore, supported by our strong track record of quality and safety, and robust regional connectivity: https://lnkd.in/gmCbvhrV

Japanese chemicals manufacturer Denka Company Limited is marking 40 years in Singapore! DENKA SINGAPORE PRIVATE LIMITED operates four industry-leading facilities that produce seven key products for global markets, including bio-based styrenic polymers, a sustainable raw material used to make consumer goods. The Singapore office is also Denka’s regional R&D hub, leveraging Singapore’s robust ecosystem to drive #innovation. In 2017, Denka embarked on a smart factory conversion plan to enhance productivity and efficiency across its plants. It has seen improvements in efficiency and a reduction in power consumption. Denka is also striving towards carbon neutrality, in alignment with Singapore’s #netzero ambitions. Denka, which has a workforce of about 300 in Singapore, has prioritised nurturing its Singaporean #talent pool, sending management cadets for training in Japan to foster skills transfer and provide global exposure. As we celebrate Denka’s journey, we continue to welcome like-minded companies to drive innovation and sustainability in Singapore’s robust chemicals sector. Read about Denka’s past 40 years in Singapore, and what lies ahead for the Japanese manufacturer: https://lnkd.in/gG2VGYX2

OBAYASHI SINGAPORE PRIVATE LIMITED, the Japanese #construction giant that constructed JEWEL Changi Airport and built Singapore’s MRT tracks, is launching its R&D hub for Asia, in Singapore. Obayashi Construction-Tech Lab Singapore (OCLS), located within BCA Academy in Braddell, will be a base for industry players, universities, research institutions, construction companies, and #startups across Asia to conduct joint R&D. The Japanese construction giant is also launching a joint lab with the Singapore Centre for 3D Printing at Nanyang Technological University Singapore to develop sustainable construction materials and advance 3D printing technologies. Obayashi will also work with the Singapore University of Technology and Design (SUTD) to integrate robotic and artificial intelligence solutions for construction. With the support of Building and Construction Authority, Obayashi is set to deploy advanced construction technologies such as concrete levelling and trowelling robots in Singapore, significantly reducing the manual labour traditionally required in construction projects. This initiative will enhance productivity and address the critical challenge of manpower constraints in the industry. Obayashi has been shaping Singapore’s urban landscape for nearly 60 years through its civil engineering projects. Learn about how OCLS will enrich Singapore’s vibrant #research and #innovation ecosystem and deliver groundbreaking construction technologies for regional and global applications: https://lnkd.in/gTSvk-yt

Chemicals manufacturer PCS Pte. Ltd. marks 40 years in Singapore this year! A pioneer of the chemicals industry, it now has two world-scale crackers on #JurongIsland supplying essential feedstock to companies that make products for high-growth markets – from EVs to electronics, solar panels and more. Through the years, PCS has been a strong supporter of Singapore’s #netzero efforts, embarking on #sustainable production to reduce emissions, and water and energy usage. Singapore is working with PCS and the industry to implement larger-scale carbon abatement projects such as #CCUS and pursue more bio-based or circular production pathways to develop sustainable products. A standout achievement for PCS – they have achieved a major safety milestone of 20 years without any Lost Time Incidents, reflecting the vigilance of their employees,the organisation’s commitment to safety and strong partnership with their contractors. Singapore will continue to partner chemicals firms here to shape a sustainable and innovative future for the industry. Read about PCS’ journey in Singapore.

The Singapore Leaders Network (SGLN) recently marked its 2nd anniversary! Supported by EDB and the Human Capital Leadership Institute (HCLI), SGLN has doubled its membership to more than 2,000 members, creating a robust network of peers and mentors to support Singaporean business #leaders in their personal and professional growth.   As part of the celebrations, Singaporean executives in the SGLN Fellowship programme had an engaging fireside chat with President Tharman Shanmugaratnam. They discussed how corporate leaders can navigate an increasingly complex business environment, what Singaporeans can do to be ready for international #leadership roles and the importance of leading with empathy and open-mindedness. Among the participants was SGLN Fellow Sueann Yeo, CAIA, Head of APAC Private Wealth at EQT Group, who gave a thumbs up to the Fellowship programme for offering enriching perspectives from leaders of diverse industries. Sueann's mentor Savita Iyer, CFO of SEA for The Walt Disney Company, said she wished there were such programmes when she first started on her leadership journey but is happy to be able to give back by supporting up-and-coming corporate leaders.   The SGLN Fellowship aims to equip Singaporeans with the relevant skills and experience to become global-ready leaders. There are currently 60 SGLN Fellows. Find out more about the programme here: https://lnkd.in/gU-nvHb3

Singapore’s small and medium-sized enterprises (#SMEs) are part of the thriving and comprehensive #semiconductor ecosystem here. They play an important role as suppliers (of solutions, services, materials and equipment) and co-innovation partners of global chip players. Local SMEs can tap on government support, such as the enhanced Partnerships for Capability Transformation (PACT) scheme, to help them navigate challenges in transformation and improve their capabilities. ELH Additive Manufacturing and Forefront AM are among the SMEs working with larger players like STMicroelectronics and GlobalFoundries. Through collaborations with MNCs, SMEs can expand their customer base and gain access to new markets, while building specialised #manufacturing capabilities to take on more complex jobs. For MNCs, the availability of strong local suppliers with relevant technologies helps strengthen their supply chain, ensuring that there’s minimal downtime in factories. Read about how collaborations between MNCs and local enterprises are strengthening the local semiconductor ecosystem and building a more resilient supply chain. #MatchMadeInSG