Germany and Singapore are ranked among the leading countries poised to gain from emerging technologies of Industry 4.0 based on a recent report from the World Economic Forum. As industrial transformation picks up pace, countries are using new approaches to public-private collaboration to accelerate the transition.
The Singapore Economic Development Board organised an outreach event targeted at German SMEs or Mittelstand in the advanced manufacturing sector on 18 January 2019 to share opportunities and programmes that these Singapore-based companies can tap on to grow their businesses. To promote co-innovation between Singapore and German enterprises, Lim Ming Khai, Deputy Director of IPI, shared with the participants how they could benefit from technology partnerships through open innovation platforms, such as IPI’s Online Marketplace and TechInnovation, its flagship technology matching event. He also highlighted that IPI has a strong connection to the local innovation ecosystem and access to global innovation nodes to better facilitate technology collaborations for enterprises based in Singapore.