Singapore Economic Development Board (EDB)

Can AI be truly sustainable? Demand for high performance computing will exponentially increase with #AI adoption – but so too will energy consumption and its environmental cost. Addressing this challenge will require solutions like the HyperCube by Singapore-headquartered SMC - Sustainable Metal Cloud. Powered by advanced immersion technologies, the HyperCube is a commercial-scale Data Centre (DC) that offers businesses more computing power at lower energy costs – the better to quickly and sustainably scale their AI ambitions. Launching the HyperCube from land- and water-constrained Singapore speaks to the city-state’s commitment to working with companies like SMC towards a green AI-powered future. Read on to learn about SMC’s vision for a #sustainable AI factory.

How is #Singapore partnering companies to build factories of the future? 1️⃣ By accelerating digital transformation: The Smart Industry Readiness Index (SIRI) helps manufacturers create a roadmap to embrace Industry 4.0 technologies, so they can be more productive and competitive. 2️⃣ By driving #innovation through collaboration: Through research partnerships with A*STAR - Agency for Science, Technology and Research's Advanced Remanufacturing and Technology Centre (ARTC) and NAMIC Singapore, as well as collaboration with Singapore’s local enterprises, including a pool of 286,000 SMEs, global players can tap on a vibrant ecosystem to co-develop new and localised products and solutions. 3️⃣ Through #sustainability efforts: From improving access to renewable energy and strengthening the carbon services ecosystem to grants for emission reductions, Singapore is helping manufacturers and logistics players decarbonise and adopt green solutions. Manufacturing forms nearly 20% of Singapore’s GDP and provides jobs for almost 12% of the workforce. Singapore’s focus is on growing high-value sectors like semiconductors, healthcare, specialty chemicals and aerospace. Click to read more and hear from EDB's Managing Director Jacqueline Poh on Singapore’s approach to building factories of the future.

High-quality datasets are essential for increasing the accuracy and trust of #AI models. #Singapore is partnering with companies to address this need through AI Singapore’s 100 Experiments (#100E) initiative. Since its launch in 2020, the programme has provided more than 100 companies with access to funding and expertise to create quality training datasets for AI tools in addressing business challenges, greatly speeding up their plans to build their own AI teams. Successful projects include: ⚪ SembWaste’s new plastic-sorting system that improves plastic waste sorting accuracy from 85 to 95%. ⚪ Q & M Dental Group (Singapore) Limited's AI model for dental X-rays, which was trained with 20,000 scans to achieve between 85 and 95% accuracy. Find out more about 100E here: https://lnkd.in/g7YiCHTQ

By 2030, Asia will account for 60% of the world’s population, with one in four people aged 60 or above and at higher risk of living with a chronic disease. The demand for #MedTech solutions such as hearing aids and pacemakers will grow, and the region’s MedTech market is expected to reach US$225b (S$304b) that same year. For the more than 400 MedTech companies based here, Singapore’s strong research ecosystem, skilled workforce and robust IP protection make it an ideal base to serve the region’s healthcare needs and innovate for better treatment outcomes. Globally-leading companies here include BIOTRONIK, Leica Microsystems, EssilorLuxottica and WSAudiology. About 16,000 people are employed in Singapore's MedTech sector, occupying regional HQ to advanced manufacturing and R&D roles. Watch our video on Trevor Wong, an Electro Acoustic Design Engineer at WS Audiology: https://lnkd.in/g__heygc Discover what #Singapore offers MedTech companies looking to expand and access new markets in the region.

UK tech scale-up Tyk APAC opened its first overseas office in Singapore in 2017, after finding that users in APAC were the first adopters of its open-source product. Tyk now manages APIs for over 10,000 businesses globally and has been named a Leader in Gartner's Magic Quadrant for API Management. Hear from COO and co-founder James Hirst about overcoming the challenges of internationalisation and how accreditation by IMDA helped Tyk establish trust and credibility with customers across the region. APAC is expected to register the highest CAGR globally for digital transformation between 2023 and 2030. The rapid adoption of mobile, expansion of connectivity and technology infrastructure, as well as utilisation of cloud computing, are fuelling demand for digital technologies, creating opportunities for businesses. Read about Tyk’s growth journey in Asia. Is your company expanding to Southeast Asia? Sign up today for The Workshop, a complimentary and personalised consultation series with professional services providers to support your global expansion on market entry, hiring and talent, incorporation, financial management and more: https://lnkd.in/gvp7Ay-s

When Rolls-Royce Solutions Asia marked its 50th anniversary in Singapore in May, we featured three Singaporeans who spoke about their career journeys with the power system solutions provider. Ravi Nithinathan, Lin Ting Xuan Alex and Jessica Lim are among Rolls-Royce Solutions Asia’s 300-strong Singapore talent pool, helping the company to lead the expertise in sales, engineering and service for its mtu product portfolio across APAC. Giovanni Spadaro, President of Global Markets Rolls-Royce Power Systems AG and Managing Director of Rolls-Royce Solutions Asia, spoke to us about the company's presence and priorities here. Watch the video to hear from him on why Singapore will remain Rolls-Royce Solutions Asia’s hub for the region.

#Singapore is well-placed to help deep tech startups incubate innovative climate technologies, says Microsoft co-founder and founder of climate investment firm Breakthrough Energy Bill Gates. He recently announced the launch of a regional hub in Singapore to support #climatetech in Southeast Asia, adding that Asia was a strong source of scientific capabilities. Read our quarterly update for more details on Singapore’s #sustainability landscape and initiatives. Learn about how Singapore is expanding access to clean energy and building up trust in carbon credits, including: 1️⃣ Building more hydrogen-compatible power plants and expanding solar capacity through solar farms. 2️⃣ Partnering with Indo-Pacific countries to promote long-term cooperation on climate solutions. 3️⃣ Establishing a carbon credit agreement between Singapore and Ghana to enable firms to offset part of their carbon tax liability.

From the first made-in-Singapore electric bus to a fully automated agricultural rack for harvesting vegetables, MNCs and local enterprises in #Singapore are joining forces to grow in Asia. Initiatives such as the Partnerships for Capability Transformation (PACT) scheme administered by EDB and Enterprise Singapore, aim to encourage greater collaboration between MNCs and the 286,000 small and medium-sized enterprises (#SMEs) in Singapore’s business ecosystem. Both sides benefit from these partnerships. Local enterprises can acquire expertise from MNCs to develop new capabilities, while MNCs can partner with local businesses in innovating new solutions to strengthen supply chains and ensure a shorter time to market. Read on to learn about the win-win outcomes from collaborations between Volvo Group and SC Auto, Illumina and KPP Packaging Pte Ltd, and OMRON Group and CLEMVISION PTE LTD. #MatchMadeinSG

The global #travel #retail market is expected to be worth S$197.2b (US$145.5b) by 2030, with APAC accounting for 40% of global market share by revenue. Here’s why #Singapore is the ideal hub for global consumer brands looking to capitalise on travel retail growth in APAC: ⚪ Singapore is well-connected to all three high-growth travel retail regions – China, India and a rising Southeast Asia. ⚪ Travel retail businesses based in Singapore will find it easy to build a skilled workforce with an understanding of Asia. ⚪ Singapore’s supportive and vibrant innovation ecosystem offers brands a low-cost approach to consumer innovation in the form of unique, differentiated retail concepts and experiences. Read on to discover some of the key trends shaping the travel retail space and how global brands can use Singapore as a strategic base for their expansion into Asia.

#Singapore has committed more than S$1b in funding over the next five years into #AI compute, talent and industry development, so that businesses here can unlock growth opportunities through AI-powered #innovation. From attracting AI talent and reskilling the workforce to anchoring new AI centres of excellence, Singapore’s refreshed National AI Strategy contains action plans to position the country as a leader in the field of AI. Hear from Accenture Singapore’s Country Managing Director Mark Tham on how Singapore’s AI ecosystem can help businesses accelerate transformation and growth through the use of AI.