Having just moved from South Asia where I was the General Manager South Asia Austrade, I am excited to be working with the energetic and resourceful Austrade team here in Singapore. On my part, I am also looking forward to meeting with our Singapore customers and exploring how we can partner/collaborate with them, not only with bringing Australian expertise and innovation into Singapore but also assisting Singaporean groups bring their investments into Australia to fruition.
For the past three months, the team had also been truly flying, driving establishment of Australian-Singaporean business connections and pushing into new areas of engagement. In particular:
- Australia’s best startups are anchoring in Singapore with the seventh cohort completing their in-market deep-dive in late March and the next cohort, already confirmed, commencing in April 2019. The Australian Landing Pad was on “air” recently – an interview with Money FM89.3.
- Launch in February 2019, Agriculture 4.0 a new government digital platform – to help better connect Australian AgTech and foodtech businesses with overseas investors and innovators.
- A trade mission of Australian fintech delegates to Singapore for Money2020 Asia, a Payments and Fintech event in March 2019. The event marked the signing of an Australia-Singapore Fintech Memorandum of Understanding between Fintech Australia and Singapore Fintech Association. The terms of the MOU included the strengthening of two-way trade and investment opportunities for FinTech firms through collaboration on specific initiatives, joint participation in relevant programs and events, and better access to investor communities.
Singapore is targeting to reduce emissions intensity by 36% below 2005 levels by 2030. To achieve this, Singapore has embarked on plans to improve energy, carbon and vehicle fuel efficiency. Australia can turn significant natural resources into a uniquely Australian energy product, with the additional benefit of supply source security. With Australia’s National Hydrogen Roadmap, Australia will continue partnering with Singapore to develop and expand clean energy adoption capabilities underpinned by technical and regulatory expertise. As Singapore transitions to a low-emissions energy future, we would literally be exporting Australian sunshine to power ASEAN’s Super Hub.
As reported by the country’s main television channel, ChannelNewsAsia “Singapore companies shoot for the stars as space technology gets more accessible”. Over in Australia, the link between security and space is seen as both a challenge and an opportunity. Increased access to space and space-derived information has made capabilities such as intelligence, surveillance, and reconnaissance attainable for more countries and non-state actors. Australia has capability in secure space communications, and can play a role in supporting global rules for safe and secure operations in space, as well as developing standards for responsible behaviour in space. Our office is exploring opportunities for collaboration in the space sector between Australia and Singapore.
In the Straits Times on 28 March, it was reported that the Singapore government is focusing on three core areas: food, medicine, and digital technology, as part of its science and technology research strategy with focus being placed on health and medicine, and the aim is to create AI systems to identify patients predisposed to chronic diseases like diabetes, develop robots to perform repetitive tasks, and wearable sensors that can activate early identification of patients predisposed to these diseases. In Australia, AI is a fast-growing sub-sector of the IT industry, impacting multiple sectors of the Australian economy, including education, retail, health and financial services.
Why wait? Contact Austrade Singapore now to explore opportunities for collaboration and partnerships with Australian industry expertise ranging from Food, Agtech, Research & Development, Edtech, Health & Medical (incl AI), Space, Cybersecurity, Built Environment (Smart Cities) as well as Australian investment opportunities.
Take a look at The Best of Australia in Singapore - a playlist that the team had created for you in YouTube. Connect with us on @Austrade on LinkedIn.