Singapore is taking significant steps to support small and medium-sized enterprises (SMEs) in embracing innovation and seizing growth opportunities. According to Minister for Trade and Industry, Mr Gan Kim Yong, Enterprise Singapore (EnterpriseSG) is set to establish two Centers of Innovation (COIs) to provide SMEs with specialized expertise and resources.
The first COI, focused on robotics and automation solutions in the built environment, will be a collaboration between Temasek and Ngee Ann Polytechnics. This center aims to help SMEs develop and adopt robotics and automation solutions in urban environments. By leveraging the expertise and facilities of the polytechnics, the COI will support SMEs in creating innovative products and services tailored to the unique challenges of built-up areas.
The second COI, dedicated to food manufacturing, will expand its offerings to include emerging areas such as alternative proteins and sustainability. Singapore, Nanyang, Republic, and Temasek Polytechnics will join forces to provide SMEs in the food manufacturing sector with access to training courses, innovation projects, and resources. This collaborative effort will empower companies to explore sustainable approaches and stay at the forefront of industry trends.
These COIs will serve as one-stop innovation hubs, offering SMEs access to specialized equipment, labs, and training. They will also provide support in the form of consultancy, validation studies, and co-development. With the establishment of these two new COIs, EnterpriseSG will have a total of 12 innovation centers under its wing.
In addition to the COIs, the Agency for Science, Technology and Research (A*Star) has signed memorandums of understanding (MOUs) with Ngee Ann and Singapore Polytechnics. These MOUs aim to ensure a continuous supply of talent that meets the evolving needs of the business landscape. The polytechnics will develop operation and technology roadmaps for local enterprises and offer continuing-education and training programs to enhance the skill level of the workforce.
Singapore’s commitment to supporting SMEs through innovation centers and talent development underscores its dedication to creating a conducive environment for growth and fostering a culture of innovation. By leveraging the expertise of polytechnics and collaborating with industry partners, Singapore aims to empower SMEs and drive economic progress.
1. What is the purpose of the Centers of Innovation (COIs)?
The COIs aim to provide SMEs with specialized expertise, resources, and innovation support in areas such as robotics and automation solutions in the built environment and food manufacturing.
2. How many COIs will EnterpriseSG have?
With the establishment of two new COIs, EnterpriseSG will have a total of 12 innovation centers.
3. How will the COIs support SMEs?
The COIs will serve as one-stop innovation hubs, offering SMEs access to specialized equipment, labs, training, consultancy, validation studies, and co-development support.
4. What are the additional focus areas of the COI for food manufacturing?
The COI for food manufacturing will expand its offerings to include emerging areas such as alternative proteins and sustainability, enabling SMEs to explore innovative approaches and industry trends.
5. How will talent development be supported?
Polytechnics will develop operation and technology roadmaps for local enterprises, while also offering continuing-education and training programs to enhance the skill level of the workforce and meet evolving business needs.