OUR VISION

A Global Leader

A Great City

A Home in Asia

For Business, Innovation

and Talent

We create sustainable

economicgrowth, with

vibrant business and good

job opportunities for

Singapore.

The Lead Agency that plans and executes Economic and

Industrial Development Strategies for Singapore

OUR MISSION

ATTRACT

FOREIGN

INVESTMENTS

GROW

INDUSTRY

VERTICALS

ENHANCE

BUSINESS

ENVIRONMENT

Agency for Science,

Technology and

Research

Economic

Development

BoardJTC Corporation

Competition Commission

of Singapore

Singapore Tourism Board

Energy Market Authority

Sentosa Development

Corporation

Department of Statistics

Minister (Trade & Industry) Chan Chun Sing

Enterprise

Singapore

Hotel Licensing

Board

2019 GDP: S$507 Billion (approx. USD 358 Billion)

Biomedical Manufacturing

Chemicals

Electronics

Precision Engineering

Transport Engineering

General Manufacturing

Sectoral breakdown for Manufacturing

Business-friendly environment• Pro-business environment

World-class Talents• Highly educated workforce

Critical Connector to the Rest of the World • Connected to the global trade

network• Openness to talent

Great Place to Live• A safe and vibrant city to work,

live and play

Trusted Partner • Government as a trusted partner

Manufacturing

Construction

Utilities

Wholesale

& Retail Trade

Transportation & StorageAccommodation

& Food Services

Information &

Communications

Finance &

Insurance

Biz

Services

Other Services

Ownership of Dwellings

Nominal GDP

2019

21%

17%14%

15%

MARINE & OFFSHORE

Top maritime capital of the world.

(Source: Leading Maritime Capitals of the World Report, 2019)

ENERGY & CHEMICALS

Top 5 largest refinery export hub globally.

(Source: BP Statistical Review of World Energy 2019)

ELECTRONICS

Accounts for 25% of global semiconductor equipment output in 2017.

(Source: SEMI Global Industry Association)

ADVANCED MANUFACTURING

4th largest exporter of high-tech goods globally, in terms of value-add.

(Source: World Bank Data)

SUPPLY CHAIN & CONNECTIVITY

2nd busiest container sea port and 12th busiest air cargo hub in the world.

(Source: Lloyd’s List 2017 – Top 100 Container Ports 2017; Airports Council International - World Airport Traffic Report 2018)

HUB SERVICES

46% of Asia RHQs are based in Singapore, across a diverse range of industries.

(Source: Singapore Business Review, as quoted in KPMG, “Budget 2018/2019 Report”)

INNOVATION

1st in Asia, for innovation performance.

(Source: Global Innovation Index 2019)

DIGITAL

Asia’s top-ranked country in digital transformation, and 1st in digital infrastructure.

(Source: Asian Digital Transformation Index 2018)

AEROSPACE

#1 aerospace city of the future globally.

(Source: fDi’s Aerospace Cities of the Future 2018/19)

In light of global developments, companies increasingly see the need to rethink strategies and global footprints

Sources: Nikkei News, CNBC, Harvard Business Review

Supply Chains:

Efficiency VS Resiliency

Centralisation VS Decentralisation

Technology and Digitalisation

HUB SVCS

FINANCE

CONSUMER

ADVANCEDMFG

SMART INDUSTRIESPOWERED BY DIGITAL

A ROBUST DIGITAL SECTOR with strong capabilities across 6 industry segments

TRANSPORT & LOGISTICS

HEALTHCARE & AGING

PUBLIC& URBAN SERVICES

HOUSING & ENVIRONMENT

IoTHARDW

ARE, WEARABLESPA

YMEN

TS, E

-COM

MER

CE,

SHAR

ING

ECON

OMY CO

NSU

MER

ELECTRONICSIN

TERN

ET &

PLAT

FORM

S ENTREPRENEURIAL

TECHNICAL CREATIVE

A SMART NATIONPOWERED BY DIGITAL

New technologies are set to drive economic growth in Singapore

Infocomm and Media Industry Transformation Map

Investing in key technology areas will generate key economic opportunities for Singapore

S$749mProjected Market Size

3-year CAGR of 9.5%

SG (2018)

Source: PwC Analysis 2016, AT Kearney 2015, MTI

S$3.78bProjected Market Size

4-year CAGR of 32.9%

SG (2018)

Source: PwC Analysis, AT Kearney 2015, MTI

S$23.9bProjected Market Size

3-year CAGR of 27.6%

SG (2018)

Source: Markets and Markets 2013, PWC Analysis 2014

S$384mProjected Market Size

4-year CAGR of 9%

SG (2018)

Source: Frost and Sullivan: Hypergrid, Infonetics Research, Markets and markets, PwC Analysis, 2014; AT Kearney, Global

Economic Outlook, 2015, MTI

A place where top tech MNCs and rising startups establish their RHQs & innovation centers

Nominal VA: S$33.4 Billion

Total Employment: 195,000

VA/worker: S$170,000

o 80 of the world’s top 100 tech companies call Singapore home, with their RHQs and innovation centers based here

o 1st in Asia for global startup ecosystem, accounting for >40% of the deal flow in SEA, with 5,200 digital startups (Compass 2015)

o Innovation partnerships across corporate segments (e.g. Accenture-Sumitomo) and private-public collaborations (Grab-NUS AI Lab, Alibaba-NTU Joint Research Institute).

Innovation

o Top 2 Asian universities, tied at 11th globally, (NUS & NTU) with deep capabilities in digital and engineering (NUS is Asia’s 1st in EEE & 2nd in CS)

o Robust research ecosystem with 31,900 scientists & S$19 billion in research investments, across digital & engineering domains

o 1st in Asia for talent availability in AI and advanced analytics, 2nd

most attractive destination for global talent and 2nd in the world for startup talent.

Talent

Digital Infrastructureo >50% of SEA data center capacity, which is estimated

to grow by another 25% by 2021

o 27 submarine internet cables

o Roll-out of four 5G networks in 2020, two for nationwide usage and two for industrial needs

o Singapore Digital (SG:D) Framework for Economy, which looks at developing key enablers of talent, R&D, policy and physical & digital infrastructure.

o S$40M set aside to support 5G R&D to develop Singapore as a 5G use-case innovation hub.

o National AI Strategy to drive innovation & adoption of AI.

Government

“ ”Singapore is the most digitally competitive place in Asia

– World Global Competitiveness 2019 Ranking by IMD

Our local ecosystem will allow you to access the right talent, find customers and collaborate with other partners.

SOFTWARE ENGINEERING

Graduating >1400 bachelor degree and

>500 diploma holders each year in computer science and

computer engineering fields

DATA SCIENCE & ANALYTICS

Graduating >700 students each year in applied analytics

Enhanced training pathways to close global skills gap

through courses e.g. General Assembly, Knowledge Hut and

Coursera

3Masters

13Bachelors

11Diplomas

We have a strong talent pool of talent in both Software Engineering and Data Science & Analytics.

7Bachelors

4Diplomas

5Masters

• MTech in Software

Engineering

• Master of Computing –

Computer Science

Specialization

• Bachelor in Computing

• Bachelor in Computer

Engineering

• MSc in Artificial

Intelligence

• Bachelor in

Computer

Engineering

• Bachelor in

Computer

Science

• Diploma in

Information

Technology

• Diploma in

Mobile Software

Development

• PhD in Computer

Science, covering

the following

research areas:

• Algorithms &

Theory, AI,

Database,

Programming

Languages &

Software

Engineering

• Master of IT in

Business (Analytics)

• BSc Information

Systems (Track in

Business

Intelligence &

Analytics)

• Specialist Diploma in

Business & Big Data

• Diploma in Business

Intelligence & Analytics

Deepening our technological capabilities and encouraging collaboration & open innovation efforts.

Research Institutes

Institutes of Higher Learning

S$400M for research &

innovation (Services &

Digital Economy Sector)

• Institute of Data Science

• Learning & Vision Lab

• Human Language Tech

Lab

• Data Science and

AI Research

• NTU NLP Group

• Centre for AI and

Data Governance

• SUTD AI

Program

A*STAR Deep Learning

2.0

• Computing Science Dept

• Social and Cognitive

Computing

Integrated Circuit and AI

Hardware Dept

The Monetary Authority of Singapore (MAS) has announced a $27m AI &

Analytics grant to catalyze adoption of AI in the financial services sector.

Companies can participate in the following ways:

EXPERIMENT

• Under MAS’ purview, companies can partner other

enterprises, Financial Institutions (FIs), regulators,

and VCs in a low-risk, fail safe environment

• To co-innovate & develop new AI solutions

VALIDATE

• Deploy AI solutions with technologically ready &

forward-thinking partners in our

• Leverage Singapore’s trusted brand as a financial

hub to export your solutions globally

Green Buildings Innovation Cluster to

accelerate the adoption of energy

efficient technologies

FINTECHNEXT GENERATION MOBILITY

HEALTHCAREBUILD ENVIRONMENT

• Consists of 7 dedicated blocks with a tenant-mix of start-ups, incubators and investors

• Action Community for Entrepreneurship (ACE) Welcome Centre

• Business concierge for visitors & start-ups; community building

• Co-location of incubators/accelerators/investors

• IMDA’s BASH @ Blk 79; NUS@Blk 71; NTUitive etc - Start-up facilities for accelerators, investors, incubators & entrepreneurs

• Additional campuses to promote start-up innovation:

• LaunchPad @ Cleantech Park

• LaunchPad @ Jurung Innovation District

•

There are various enablers within Singapore’s Tech ecosystem for companies to leverage on

• We have ~4,000 tech start-ups in Singapore and

we are ranked amongst top global start-up

ecosystems (#14)

• On AI, we have >200 start-ups offering

innovative products & solutions, based on

different technology areas such as machine

learning, computer vision and natural language

processing.

START-UP ECOSYSTEM CONSORTIA EVENTS & WORKSHOPS

• AI.SG Makerspace

• 100 Experiments

• Set up by NRF, NUS, NTU, SMU

and A*STAR, aims to help

industry identify problem

statements

• Open Innovation Platform

• Community Enabler to connect

researchers, data scientists etc.

• SGInnovate Deep Tech Workshops

• Features key global financial

institutions, corporates,

innovators from FinTech start-ups

to unicorns70% OF DEAL VALUE FROM

SOUTHEAST ASIA

6.65 B IN VC INVESTMENT

2018

MNCs

StartupEcosystem

STARTUPS/ACCELERATORS/VC/CORPORATE VENTURE ARMS

TECHNOLOGY COMPANIES END USER COMPANIES

28-man Internet of Things Centre of Excellence for Resources

Embark on a first-of-its-kind Global IoT Initiative for

Sumitomo Group, to bring greater visibility and

sophistication to the Group's global supply chain

information management and to digitize production plant-

related work.

Expected Outcomes: Advancement in work efficiency,

standardizing operations, raising plant capacity utilization

and optimizing energy conversion efficiency, enabled by

data analytics, sensors and smart devices. with a number

of sensors installed in production plants or promoting the

use of smart devices by on-site workers.

Helped Sumitomo to design &

implement a digitalization

roadmap for its 3 facilities

Global Machine Learning Centre of

Excellence

75-man team executing SAP’s

global roadmap to embed ML

across product suite

Centre for Blockchain Innovation

for Trade and Finance

Creating world-first enterprise

solutions for trade and finance,

using blockchain and AI

Global Technology Hub for

Research & Development

[Data Science for Urban Mobility]

200-man data science &

engineering team creating new

mobility services for Grab

Pay Pal Innovation Lab

Singapore

[Fintech]

Partnering local IHLs on joint deep

tech research, and startups, to

develop new payments solutions

Nvidia Technology Centre Asia

Pacific

[AI Hardware]

Deep Learning R&D, with a focus

on urban mobility and smart cities,

in collaboration with corporates,

IHLs and research institutes

Research and Development Centre

[Software Engineering]

Responsible for product

development and engineering

across various Autodesk products

IoT Solution Center of Excellence

[Software Engineering]

29-man team to create sustainable

solutions to solve urban solutions

IoT Analytics Competency Team[Analytics]

24-man team to develop analytics

solutions for various applications

Corporate Innovation Labs

P&G Digital Innovation CentreFirst e-Centre outside of the US,

responsible for driving global digital

transformation through supply chain

management, analytics and business

processes

MSD Global Innovation Hub160-man team driving innovation in new products

& efficiency through data science

Asia Pacific Innovation CentreInnovation in logistics services through partnerships

& emerging tech

Allianz Asia Lab10-man team using analytics to improve efficiency

& develop new business models

MasterCard LabsTechnology innovation center spearheading new

solutions in mobile payments & remittance

!Business

EnvironmentTalent &

CapabilitiesLead

DemandDigital

ConnectivityVenture Capital

Policy & Regulations

o Regulatory sandboxes to promote innovation in new areas, e.g. Fintech

o Heart of investment in SEA, home to a large pool of VCs

o Connectivity Hub of SEA, hosting mission critical-data for innovation & delivery of digital services

o Gov-led demand (e.g. Smart Nation, Smart Industries)

o Industry-led demand – large base of end-users digitalisingfrom SG

o Industry & IHLs developing interdisciplinary talent

o Public funding for R&D to develop key capabilities

o Innovation clusters & live test-beds (JTC Launchpad, Digital Districts)

o Partnerships between MNCs, startups, IHLs

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