Singapore, Your Global

Technology Partner

Enterprise Singapore

Singapore Economic Development Board

23 May 2019

Introduction

Enterprise Singapore

Agency for Science,

Technology and

Research

Economic

Development

Board

JTC Corporation

Competition Commission

of Singapore

Singapore Tourism Board

Energy Market Authority

Sentosa Development

Corporation

Department of Statistics

AGENCIES UNDER MINISTRY OF TRADE AND INDUSTRY

Minister-in-charge of Trade Relations

Mr. S Iswaran

Minister for Trade and Industry

Mr. Chan Chun Seng

Transport & Communications

Business Services

Manufacturing

Wholesale & Retail

Financial & Insurance

Construction & Utilities

Others

2018 GDP: S$487.1bn

2018 GDP

Growth: 3.2%

2019 GDP

growth

forecast: 1.5% - 3.5%

(~US$359.7 bn)

Source: Economic Survey of Singapore 2018, MTI

% th

at e

ac

h in

du

stry

co

ntrib

ute

s to

the

GD

P

GLOBALLEADERSHIP POSITIONS

AEROSPACE

Close to 25% of the Asia-

Pacific MRO (maintenance,

repair and overhaul) market.

BIOMEDICAL SCIENCES

6 out of the top 10 drugs are

manufactured in Singapore.

LOGISTICS

World’s busiest transhipment

hub.

MARINE ENGINEERING

50% global market share for

high specs jack-up rigs.

ENERGY & CHEMICALS

Top 5 export oil trading and

Refining hub globally, with

1.38 million barrels of

refining capacity

(source: BP Statistical Review)

ELECTRONICS

40% of global hard disk media

manufactured.

Singapore – A globally competitive manufacturing hub

Singapore:

Strategic geopolitical location at the

crossroads of Asia

36,400 international companies

6,700 Chinese and Indian companies

Over 4,000 regional HQs of companies

HOME IN ASIAFOR GLOBAL BUSINESSES

Ease of Doing Business

Rank Country

1 New Zealand

2 Singapore

3 Denmark

4 Republic of Korea

5 Hong Kong

Rank Country

1 Singapore

2 Taiwan

3 USA

4 Switzerland

5 Japan

Labour Force Innovation Input

Rank Country

1 Singapore

2 Switzerland

3 Sweden

4 UK

5 Finland

Source: Global Innovation Index

2018, Innovation Input Sub-Index

Source: BERI’s 2018 Labour Force

Evaluation

Source: World Bank’s Doing

Business Report 2018

Singapore is the top-ranked Asian country in the Global Innovation Index 2018

* Singapore ranks 5th overall in GII 2018, outperforming Hong Kong, Korea, Japan and China.

SINGAPORE’SRANKINGS

Logistics Performance in Asia

Source: World Bank’s Global

Logistics Performance Index 2018

Rank Country

1 Japan

2 Singapore

3 Hong Kong

4 Republic of Korea

5 China

SINGAPORE’SCORPORATE TAX REGIME

A GLOBAL HUB FOR INDUSTRY 4.0 & ADVANCED MANUFACTURING

40-man Global Pervasive Sensing Centre of Excellence

93-man Global Integrated Controls & Information CoE

42-man Software Industry Solutions Centre

50-man Global IIoT Co-Innovation Centre

28-man IoT Development Centre

18-man Industrial Cybersecurity Centre of

Excellence

28-man Global Internet of Things Centre of Excellence

500-man Integrated Digitalisation Hub

10-man Global IoT Lab for Smart Filtration

24-man IoT Analytics Competency Team

81-man Global IoT Digital Services Centre of Excellence

95-man Global Innovation Centre for Machine Learning

60-man GE Asia Digital Innovation Centre

29-man IoT Solution Centre of Excellence

McKinsey Lighthouse Digital Competency Centre

Industry 4.0 Centre of Excellence

10-man Industrial IoT Centre of Excellence

50-man Global Digital Solutions Centre

STRONG BASE OF IT & OT TECH PROVIDERSDEVELOPING PIONNEERING SOLUTIONS

Research Innovation & Enterprise (RIE) Plan 2020S$3.2B towards Adv Manufacturing & Engineering

Industrial IoT Research Progamme on Cognitive & Secure Systems

Developed and launched 2 Model Factories as platforms for awareness building and R&D innovation

SIMTech Learning Factory Smart Factory @ ARTC

Established new research programmes for Adv Mfg

Industrial Internet Initiative (I3): Open Platform for Edge Tech Development

STRENGTHENING OUR R&D CAPABILITIES

SIRI IS AN INITIATIVE LAUNCHED BY EDB TO HELP CATALYSE COMPANY’S DIGITAL TRANSFORMATION

EDB launched the Index and Assessment Matrix with TUV SUD back in November 2017. Since then, it has been piloted with over 220 companies.

The Prioritization Matrix, the second tool under SIRI was developed with McKinsey, SAP, Siemens and TUV SUD to help companies architect their implementation roadmap. It will be launched in Hannover 2019

THE INDEX HAS 3 LAYERS3 BUILDING BLOCKS, 8 PILLARS AND 16 DIMENSIONS

Copyright © 2017 Economic Development Board, Singapore. All rights reserved.

BEYOND READINESS, SIRI HELPS COMPANIES PRIORITISE AND SET THE DIRECTION FOR DIGITAL TRANSFORMATION

Launched its new Technology Centre and announced

that it is investing S$587 million in its future in

Singapore over the next few years. This new centre will

focus on developing new advanced manufacturing

technologies such as artificial intelligence, robotics,

fluid dynamics and vision systems.

To transform its Fab 12i into a next-gen Smart

Factory, UMC will embark on a series of

digitalization initiatives, which include establishing 1)

a control tower to manage its operations remotely,

and 2) a big data platform to collect and analyse

manufacturing data from various production

processes.

Launched a first-of-its-kind global Internet of Things

initiative in Singapore 1) to digitalise its

manufacturing plants 2) build a platform to enhance

visibility and sophistication to the Group’s global

supply chain information management.

Opened a S$65 million Global Distribution Center in

Singapore, equipped with leading-edge Internet-of-

Things (IoT) technology. The center is one of the

world’s first IoT-enabled high bay Automated Storage

and Retrieval System that is built directly on top of the

pallet warehouse.

Implement I4.0 solutions in its Singapore facilities, such

drones for site inspections, data analytics and

mechanization to support maintenance activities, and

setting up a wireless network that tracks where people

and equipment are in the plant real-time.

Invested S$12 million to establish a iSmart Factory

project to testbed solutions in robotics, automation and

smart factory software. The ambition is to yield a 20 to

30% increase in productivity, with the aim of scaling

these solutions in Meiban’s factories in the region.

LEADING MANUFACTURERS COMING ONBOARDDRIVE STRATEGIC INITIATIVES FROM SINGAPORE

INDUSTRIAL TRANSFORMATION ASIA PACIFIC (ITAP)A HANNOVER MESSE EVENT – THE WORLD’S LARGEST INDUSTRIAL FAIR

Singapore’s Startup Landscape

18

Singapore’s startup ecosystem at a glance

Increased entrepreneurial activity in tech sectors

3,400Tech startups

(2012)

4,300Tech startups

(2016)Source: DOS

Source: Startup Genome Global Startup Ecosystem Reports 2012 and 2017

Improved international standing

out of 20 cities

(2017)

out of 20 cities

(2012)

#12#17Source: Pitchbook

Increased venture funding activity & amounts

80 dealsUS$136.4M

(2012)

174 dealsUS$1.37B

(2017)

Raised US$87m

from Series C in

2018

Raised US$528m

from IPO in HK in

2017

Sold for

~ US$83m to

Sekisui Chemical in

2018

Received $1bn from

Alibaba for 51% in

2016 and another

$1bn in 2017

Unicorns in SG4

100 incubators/accelerators helping startups

scale in Asia 30 corporate incubators/ventures seeking

innovation and technology opportunities150 venture capital investors with regional

presence in Singapore

Global startups and enablers can benefit from SG’s vibrant ecosystem

GlobalEcosystem

Partners

Incubators and

Accelerators

CorporatesInvestors

IHLs andRIs

Government

5. Co-innovatewith

local research and

innovation centres

4. Pilot innovative solutions

with leading corporates &

government agencies as

reference customers

2. Benefit from the

mentorshipand support

from international

incubators / accelerators

6. Leverage SG as a

Launchpad for

expansion intoAsia

1. Benefit from

supportivegovernment

policies and

infrastructure

3. Leverage SG’s active

venture funding

landscape for

investments and deal

flow

Benefit from supportive government policies…

the brand and identity of our startup

ecosystem

• Entrepass (entrepreneur visa) to support foreign entrepreneurs to

assess Singapore’secosystem

Startup SG schemes …

• Supports partners, primarily incubators and accelerators in strategic

growth sectors

• Multipliers help high potential startups through programs, mentorship

and provision of resources (e.g financing)

• Partners to have a unique value proposition, specific program and

proven track record

Partnership Opportunities with Local Multipliers

• Multiplier to Multiplier partnerships for startup exchange, possible

bilateral funding for multipliers to develop new structured programs

facilitating startup exchanges

• Angel Investor Tax Deduction (AITD) for angel investors that provides

a tax deduction of 50% at the end of the two-year holding period

• Section 13H Tax incentive for approved venture capital and private

equity funds that provides zero-rated tax relief for a period of up to

10 years in respect of gains arising from divestment of approved

portfolio holdings

• Provides space at one of JTC’s Launchpads for startups and enablers

to grow, experiment and flourish

• Government co-investment initiative to co-invest with independent,

qualified 3rd part investors into innovative Singapore-based tech

startups

• Investment Cap is up to S$2m for info-comms and tech startups and up

to S$4m for deep tech startups (e.g. medical, advance manufacturing,

clean technology)

Blk

81

Blk

77

Blk

75

Blk

71

Blk

79 Blk

73

Blk

69

Blk

67

ContinuousFlowOf ideas, Innovation,

Startups & Talent

Diversity of

industries, Activities &

Players

Community for

Networks & Partnerships

to Form

Infrastructure -For instance, the JTC Launchpad@one-north houses over 800 startups with over 40 nationalities

8blocks

56,000sqm

800startups

50enablers

Benefit from the mentorship and support from international incubators / accelerators

• Launched SG-based global

accelerator programme in

partnership with Rakuten that

includes $20k equity

investment and option of

$100k convertible note

• Focus on social messaging

and technologies and

startups that align with

Rakuten’s chat app Viber

• Israeli-based Trendlines Group

set up an SG-based medtech

incubator, together with B.Braun

• Inked partnership with National

Healthcare Group to build

popeline of medtech startups

and global solutions

• Collaborated with SG-based VC

K2 Global to co-invest in

medtech companies looking to

raise Series A funding

• SG-based IoT-focused

accelerator for digital health

and smart cities, co-owned

by Ascendas-Singbridge and

SG-Innovate

• Signed an MOU with

NTUitive to provide support

in Beijing to enable market

access for startups that want

to expand to China

• Founded by Magnus Grimeland

(co-founder of Zalora)

• Aggregates top tech talents

from leading companies,

universities and institutions to

groom them into successful

startup founders

• Engages top-tier mentors from

Ivy-league universities and

consulting firms suchas

McKinsey

> 100 global startupenablers

helping startups scale in Asia

Leverage SG’s active venture funding landscape for investments and deal flow

• SG-based VC firm co-founded

by Eduardo Saverin

• Focuses on Series B and C

investments into healthcare,

fintech and industrial/consumer-

enabler businesses

• Closed US$360m at the final

close of its first fund

• Invested into SG startupsNinja

Van andCXA

Government co-investment initiative to invest

into innovative Singapore-based tech startups

Investment Cap is up to S$2m for info-comms and

tech startups and up to S$4m for deep tech

startups (e.g. medical, advance manufacturing,

clean technology)

• Japanese VC founded by

Japanese billionaire TaizoSon

• Partnered with Golden Equator

Group and SPECTRUM to help

business ventures expand into

Indo-Asia Pacific and

internationally

• Led US$3.5m investment into SG-

based data-driven venture

investment platform Hatcher+

Pilot innovative solutions with leading corporates…

• Launched a startup incubation

programme for IIOT startups

• Partnered with SPGroup to

develop IIOT capabilities and

intelligent applications to enhance

power network reliability and

efficiency in SG

• Partnered with Platform E to

advance industrial internet

entrepreneurship in SG

• Launched engineering-based

incubator, Innosparks, that aims to

address needs in mobility, energy

and healthcare

• Provides startups with up to

S$500k in funding, co-working

space and includes access to ST

Engineering’s expertise and

networks

• Scaling startups will be connected

to ST Engineering’s Corporate

Venture Unit

• Launched corporate venture arm,

PSAunboxed, with an initial fund

sizeof S$20m

• Aims to invest in and nurture

startups to create logistics,

engineering and transaction

solutions

• Selected startups will receive up

to S$50k as an initial sum in seed

funding and be provided with

incubator facilities at PSA

• One of our local manufacturing

and engineering firm

• Established Zicom Medtacc, a

medtech accelerator that has

committed S$15m for investments

into medtech startups

• Portfolio of growth-stage SG-

based medtech startups like

Histoindex, Curiox, Biobot, INEX

etc.

… and government agencies as reference customers

• 80% of Singaporeans live in

housing built by HDB

• Establish government incubator to

support startup to pilot and

commercialise products and

solutions

• Successful products and solutions

will be included in future tender

specifications

• Industrial landlord that

developed 7,000 ha of industrial

land and 4 mil sqm of ready-

built facilities.

• Launched calls for innovative

robotics and automation solutions

• Has earmarked S$8mil to fund

the development and test-

bedding of 16 to 20 proposals

Leverage SG as a Launchpad for expansion into Asia

28

Launched Global Innovation Alliance to boost Singapore’s connections with

global innovation hubs

Piloted in 4 cities, with plans to roll-out to more locations globally

San

FranciscoBeijing

Bangkok

Jakarta

1. Provide an opportunity for startups to gain early exposure

to investors, corporates, industry leaders, mentors, media,

tech-savvy early adopters

2. Receive valuable feedback from a panel of industry

specialists

3. Find partners (e.g. tech professionals)

For Startups

WHAT IS SLINGSHOT?

OVERVIEW

1. Investors – provide an aggregation of high potential

startups for investment

2. Corporate partners – support MNCS/LLEs innovation

efforts

3. Potential customers (e.g. SMEs) – provide an opportunity

to obtain products at the forefront of technology

For Ecosystem

SLINGSHOT is an international startup competition that gives

promising startups a platform to showcase their technology and

business ideas, gain early exposure to investors, corporates,

industry leaders, mentors, media, and tech-savvy early adopters.

DIVERSE AND QUALITY

STARTUP

PARTICIPANTS

HIGH EVENT

ATTENDANCE

EXTENSIVE GLOBAL

OUTREACH

58% international teams in

qualifying round

Across 8 industry sectors

of interest*

Increased quality through

partnerships

- Partner competitions

- International partner

incubatorsaccelerators

>5,000 event attendees

across 3 days

> 1,000 completed

startup applications were

received from >80 countries (including Australia, China,

France, India, UK, US)

PROMINENT JUDGING

PANEL

Senior representation from

accelerators, VCs, MNCs ,

LLEs and international

partners (e.g. B Capital Group,

Bayer, DeClout, Google,

Mistletoe Inc, P&G)

Size of the judging panel was

doubled from 2017

SLINGSHOT 2018 HIGHLIGHTS

*

ENHANCED BENEFITS

TO STARTUPS

Gear Up workshop

- Co-organized by ESG in

collaboration with Antler, Found

and ImpacTech

- Provided insights & mentorship

support

SLINGSHOT Networking Dinner

- Exposure to potential partners.

corporates and investors

- Well attended by over 130

individuals

Video highlights at: https://youtu.be/xu55sa2dJ_s

2019 Competition framework

Call to launch on 26 April

6 sector tracks

1. Healthtech

2. Consumer Products & Services;

Media & Advertising; Retail &

Food Services

3. FinTech & InsurTech

4. FoodTech & AgriTech

5. Manufacturing, Logistics &

Transportation

6. Urban Solutions &

Sustainability

12 – 13 Nov:

Top 100 Pitching sessions

1st phase of

review

Top 100

Global

Startups

Investors

Track

End April – End June

Call for entries

End June – End Oct:

Online review platform to shortlist Top 100 Global Startups

600

Shortlisted

Startups

All

applicationsCorporate

Judges track

Announced

End Aug

Top 5/Sector

Top 30

announced

‘Gear-Up’ +

Networking

Dinner

8 – 10 Nov

1. Local & Intl Partner

Competitions

2. Open Call (End Apr

– End Jun)

3. Intl Partners

Active facilitation

through

Investor/Corporate

virtual interaction

platform

33

1

1 Winners of partner competitions and top startup from Intl partners will be fast tracked to Top 100 startups

6 SLINGSHOT

Sector

Winners

(S$50k

Startup SG

Grant each)

1 SLINGSHOT

Grand Winner

(S$200k Startup

SG Grant)

Other

sponsored

prizes

• HT

• CMRF

• FT/IT

• FT/AT

• MLT

• USS

2

Investors brought

in to shortlist

investment opptys

Participate in

sectorised judging

panel to review

600 startups

1-on-1 meetings between

the Top 100 Slingshot

startups and investors /

corporates

Connections to SG

ecosystem

100 startups/Sector

SLINGSHOT is looking for startups that:

a) have an MVP

b) show initial signs of traction

c) must have some technology or proprietary solution.

In summary…Singapore’s thriving startup ecosystem is a Launchpad to Asia as

well as a reference pilot and test-bedding hub

> 300 global venture capital investors

with presence in SingaporeIHLs/RIs that have groomed startup

talent and generated spin-offs and licenses

> 100 global startup enablers helping

startups scale in AsiaMNCs and large enterprises seeking

innovation and technology opportunities

ANNEX 1

SINGAPORE – HOME IN ASIA FOR

LATIN AMERICAN BUSINESSES

Latin-Asia Bootcamp 2019Organizado pela Singapore Economic Development Board (EDB)

Publico Alvo Empresas Latino-Americanas com grande

interesse em internacionaização por meio de

parcerias comerciais, vendas e/ou abertura de

representação na Ásia.

Data 16 - 18 de Outubro, 2019

Formato do Evento Apresentado por Professional Services Firms;

Painéis temáticos para discussão com executivos

do Sudeste Asiático;

Oportunidades de Networking com potenciais

parceiros de negócios.

Visita a Innovation Facilities.

1. Visualizar oportunidades de negócios na Ásia e aprender como

utilizar Singapura como uma porta de entrada para Ásia.

LATIN-ASIA BOOTCAMP 2019

Principais Objetivos

2. Construção de Relacionamento e Network com potenciais

parceiros (fornecedores, distribuidores, fabricantes, etc.) para

explorar parcerias comerciais para acesso ao mercado asiático.

3. Explorar oportunidades do Ecosistema de Inovação de

Singapura para desenvolver produtos e serviços, aprimorar a

cadeia de suprimentos, bem como todo o processo de negócios

da empresa.

1. Visualizar oportunidades de negócios na Ásia e aprender

como utilizar Singapura como uma porta de entrada para o

mercado Asiático.

Panorâmica dos principais setores em

crescimento na Ásia e na Associação das

Nações do Sudeste Asiático (ASEAN);

Percepção dos consumidores asiáticos e suas

implicações na criação de produtos,

desenvolvimento de branding & marketing;

Impactos do crescimento do e-Commerce na

Ásia;

Apresentação e Estudos de Caso sobre a

Singapore F&B Innovation Ecosystem.

Como estabelecer seu negócio em Singapura;

Otimização Fiscal para seu negócio na Ásia;

Design Global-Asia supply chain (aquisição,

forneciemnto, produção, entrega);

Financiamento para o seu negócio na Ásia.

Tendências & Oportunidade de Negócios na

Ásia

Estabelecendo & Estruturando seu Negócio

em Singapura

1. Oportunidades de Negócios 2.Painéis Temáticos & Networking 3. Innovation Ecosystem

Painéis temáticos & Networking para ganhar conhecimento prático

sobre oportunidade de negócios e conhecer potenciais parceiros

comerciais

“Leveraging Singapore’s ecosystem for open innovation”

Panelists & networking participants include Brazilian companies based in Sg, Flavors & Fragrance

Companies, Consumer Insights Market Research Firms, A*STAR Research Institutes and Start-ups.

“Leveraging Singapore as the regional business hub to drive sales across Southeast Asia”

Panelists & networking participants include Brazilian companies based in Singapore, Southeast Asia

Businesses, Distributors, Retailers and Logistics Service Providers.

Painel Temático 1:

Panel Temático 2:

1. Oportunidades de Negócios 2.Painéis Temáticos & Networking 3. Innovation Ecosystem

First Innovation

centre outside

Germany: innovative

logistics services,

driverless shuttles

and drone delivery

for time-critical

goods.

Fully-automated

centre high speed

sorting system that

can sort up to

12,000 packages

per hour.

Dedicated to

research and deploy

new solutions on

connected

warehouses, with a

focus on data

analytics and IoT.

Visita a Innovation Facilities em Singapura, para desenvolver produtos e

serviços, aprimorar a cadeia de suprimentos, transformar as operações da

empresa.

1.Asian Business Opportunities 2.Panel Discussion & Networking 3. Innovation Ecosystem

A*STAR ARTC & SIMTECH Manufacturing Control Tower Logistics & Supply Chain Innovation

Advanced Remanufacturing Technology Centre (ARTC) - A state-of-the-art

facility to source and to test advanced technologies and solutions in the following

areas:

1. Advanced robotics

2. Industrial Internet of Things (IoT)

3. 3D Printing

SIMTECH Manufacturing Control Tower - Simulated next-generation production

environment which showcases the seamless connectivity between cyber-physical-

production systems & how various technologies (e.g. 3D Printing) are system

integrated & directed by the Manufacturing Control Tower.

Photo: DHL Asia Pacific Innovation Centre Diagram: A*STAR ARTC

42

Gostaríamos de enfatizar que o número de inscrições para o Latin-Asia Bootcamp

2019 é limitado e o registro deve ser feito até o dia 30 de Junho de 2019.

Para maiores informações, detalhes do programa e itinerário de viagem, por favor,

entre em contato por e-mail.

Sr. Bruno Nogueira

Marketing Officer (São Paulo Centre)

Singapore Economic Development Board

Email: Bruno_nogueira@edb.gov.sg

Telefone: + 55 11 3050 2122

Participantes do Bootcamp 2017:

CARIUMA

This material contains confidential and/or official information. The terms and conditions

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Thank Youwww.edb.gov.sg

www.enterprisesg.gov.sg

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Index (SIRI), please drop an email to Bruno Nogueira at

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