Why Singapore
A Message To Israeli Companies
Ranking third in the ‘2020 World’s Most Innovative Countries’ list, Singapore hosts an ecosystem consisting of organisations and corporations exploring new approaches to handle the most complex issues in the world today. Multinational corporations and startups alike are choosing Singapore to develop, experiment, and export innovative solutions to Asia and beyond, as well as to tap into research funds.
Singapore’s success in cultivating innovation can be partially attributed to its unwavering and steadfast commitment to R&D, driven by support from the government and its collaborations with the private sector. Under the Research Innovation Enterprise (RIE) Plan 2020, the government has invested $19 billion in R&D capabilities to drive Singapore to the next stage of development.
Singapore will thus be a great launchpad for Israeli companies seeking to expand their businesses in Asia. According to the World Bank, Singapore is recognised as one of the leading locations globally to do business in with its efficient systems and processes.
Apart from being a strategic location to testbed new products and services, Singapore has extensive air connectivity to facilitate trade, high-quality infrastructure and it also provides the best Intellectual Property (IP) protection.
To develop future-ready talents in Singapore, the government has set up numerous training and scholarship programmes in tandem with educational institutions and industry partners. These initiatives, alongside factors such as the presence of world-class universities, have helped Singapore to attain the top spot for innovation among Asian nations according to the annual Global Innovation Index 2019, for which quality of human capital and research are key pillars.
Over the years, Singapore has become a nexus for international R&D collaborations and pilot programmes. Some of the notable partnerships Singapore has formed include:
- National Research Foundation Singapore and Indonesia Institute of Sciences work hand-in-hand to develop scientific capabilities in the industries of marine research infrastructure, marine biodiversity and marine plastics.
- France and Singapore collaborated in numerous projects in hopes of strengthening both of their research, talent investment and technological capabilities development.
- National University of Singapore (NUS) and University College London (UCL) have signed an agreement to advocate research collaboration in the area of data science.
The Singapore-Israel Industrial R&D Foundation (SIIRD) boasts well-networked connections with the industrial sectors of Singapore to help your firm source for a suitable technological partner. SIIRD can provide R&D financial support of up to US $1 million for collaborative R&D projects or pilot programmes between firms based in Singapore and Israel.
Should your company be keen on seeking a technology partner in Singapore, you may complete the R&D Partner Search Request Form, detailing your company’s profile and capabilities, as well as the profile of your desired partner. We will then provide you a list of Singapore firms that match the description of that profile for your consideration. SIIRD will be more than willing to assist you in making the initial contact with your shortlisted firms.
We look forward to hearing from you soon.
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