Singapore, Your Global Technology Partner

Enterprise Singapore Singapore Economic Development Board

23 May 2019 Introduction AGENCIES UNDER MINISTRY OF TRADE AND INDUSTRY

Minister for Trade and Industry Minister-in-charge of Trade Relations Mr. Chan Chun Seng Mr. S Iswaran

Economic Enterprise Singapore Singapore Tourism Board Sentosa Development Development JTC Corporation Corporation Board

Department of Statistics

Agency for Science, Competition Commission Energy Market Authority Technology and of Singapore Research

Manufacturing %that each industrythecontributesGDP to

Business Services

2018 GDP: Financial & Insurance S$487.1 bn (~US$359.7 bn) Wholesale & Retail

2018 GDP Growth: 3.2% Transport & Communications Construction & Utilities

2019 GDP Others growth forecast: 1.5% - 3.5%

Source: Economic Survey of Singapore 2018, MTI GLOBAL LEADERSHIP POSITIONS Singapore – A globally competitive manufacturing hub

AEROSPACE LOGISTICS MARINE ENGINEERING

Close to 25% of the Asia- World’s busiest transhipment 50% global market share for Pacific MRO (maintenance, hub. high specs jack-up rigs. repair and overhaul) market.

BIOMEDICAL SCIENCES ENERGY & CHEMICALS ELECTRONICS Top 5 export oil trading and Refining hub globally, with 6 out of the top 10 drugs are 1.38 million barrels of 40% of global hard disk media manufactured in Singapore. refining capacity manufactured. (source: BP Statistical Review) HOME IN ASIA FOR GLOBAL BUSINESSES 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 SINGAPORE’S RANKINGS Singapore is the top-ranked Asian country in the Global Innovation Index 2018

Labour Force Innovation Input Ease of Doing Business Logistics Performance in Asia

Rank Country Rank Country Rank Country Rank Country 1 Japan 1 Singapore 1 Singapore 1 New Zealand 2 Singapore 2 Taiwan 2 Switzerland 2 Singapore 3 Hong Kong 3 USA 3 Sweden 3 Denmark 4 Republic of Korea 4 Switzerland 4 UK 4 Republic of Korea 5 China 5 Japan 5 Finland 5 Hong Kong

Source: World Bank’s Global Source: BERI’s 2018 Labour Force Source: Global Innovation Index Source: World Bank’s Doing Logistics Performance Index 2018 Evaluation 2018, Innovation Input Sub-Index Business Report 2018

* Singapore ranks 5th overall in GII 2018, outperforming Hong Kong, Korea, Japan and China. SINGAPORE’S CORPORATE TAX REGIME A GLOBAL HUB FOR INDUSTRY 4.0 & ADVANCED MANUFACTURING STRONG BASE OF IT & OT TECH PROVIDERS DEVELOPING PIONNEERING SOLUTIONS

40-man Global Pervasive 28-man Global Internet of McKinsey Lighthouse Digital Sensing Centre of Excellence Things Centre of Excellence Competency Centre

93-man Global Integrated 28-man IoT Development Industry 4.0 Centre of Controls & Information CoE Centre Excellence

42-man Software Industry 24-man IoT Analytics 10-man Global IoT Lab for Solutions Centre Competency Team Smart Filtration

50-man Global IIoT 95-man Global Innovation 81-man Global IoT Digital Co-Innovation Centre Centre for Machine Learning Services Centre of Excellence

18-man Industrial 29-man IoT Solution Centre of 60-man GE Asia Digital Cybersecurity Centre of Excellence Innovation Centre Excellence

500-man Integrated 10-man Industrial IoT Centre 50-man Global Digital Digitalisation Hub of Excellence Solutions Centre STRENGTHENING OUR R&D CAPABILITIES

Research Innovation & Enterprise (RIE) Plan 2020 Developed and launched 2 Model Factories as platforms S$3.2B towards Adv Manufacturing & Engineering for awareness building and R&D innovation

SIMTech Learning Factory Smart Factory @ ARTC

Established new research programmes for Adv Mfg

Industrial IoT Research Progamme on Cognitive & Secure Systems

Industrial Internet Initiative (I3): Open Platform for Edge Tech Development 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 LAYERS 3 BUILDING BLOCKS, 8 PILLARS AND 16 DIMENSIONS BEYOND READINESS, SIRI HELPS COMPANIES PRIORITISE AND SET THE DIRECTION FOR DIGITAL TRANSFORMATION

Launched its new Technology Centre and announced Launched a first-of-its-kind global Internet of Things Implement I4.0 solutions in its Singapore facilities, such that it is investing S$587 million in its future in initiative in Singapore 1) to digitalise its drones for site inspections, data analytics and Singapore over the next few years. This new centre will manufacturing plants 2) build a platform to enhance mechanization to support maintenance activities, and focus on developing new advanced manufacturing visibility and sophistication to the Group’s global setting up a wireless network that tracks where people technologies such as artificial intelligence, robotics, supply chain information management. and equipment are in the plant real-time. fluid dynamics and vision systems.

Invested S$12 million to establish a iSmart Factory Opened a S$65 million Global Distribution Center in To transform its Fab 12i into a next-gen Smart project to testbed solutions in robotics, automation and Singapore, equipped with leading-edge Internet-of- Factory, UMC will embark on a series of smart factory software. The ambition is to yield a 20 to Things (IoT) technology. The center is one of the digitalization initiatives, which include establishing 1) 30% increase in productivity, with the aim of scaling world’s first IoT-enabled high bay Automated Storage a control tower to manage its operations remotely, these solutions in Meiban’s factories in the region. and Retrieval System that is built directly on top of the and 2) a big data platform to collect and analyse pallet warehouse. manufacturing data from various production processes. INDUSTRIAL TRANSFORMATION ASIA PACIFIC (ITAP) A HANNOVER MESSE EVENT – THE WORLD’S LARGEST INDUSTRIAL FAIR Singapore’s Startup Landscape Singapore’s startup ecosystem at a glance

Increased entrepreneurial activity in tech sectors Increased venture funding activity & amounts Improved international standing 3,400 4,300 80 deals 174 deals Tech startups Tech startups US$136.4M US$1.37B (2012) (2016) (2012) (2017) #17 #12 Source: DOS Source: Pitchbook out of 20 cities out of 20 cities (2012) (2017) 4 Unicorns in SG

Raised US$528m Received $1bn from Raised US$87m Sold for from IPO in HK in Alibaba for 51% in from Series C in ~ US$83m to Source: Startup Genome Global Startup Ecosystem Reports 2012 and 2017 2017 2016 and another 2018 Sekisui Chemical in $1bn in 2017 2018

100 incubators/accelerators helping startups 30 corporate incubators/ventures seeking 150 venture capital investors with regional scale in Asia innovation and technology opportunities presence in Singapore

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

1. Benefit from 6. Leverage SG as a supportivegovernment Launchpad for policies and expansion intoAsia infrastructure Government GlobalEcosystem Partners

2. Benefit from the 5. Co-innovatewith mentorship and support local research and from international Incubators and innovation centres incubators / accelerators Accelerators IHLs andRIs

3. Leverage SG’s active 4. Pilot innovative solutions venture funding with leading corporates & landscape for government agencies as Investors investments and deal Corporates reference customers flow Benefit from supportive government policies…

the brand and identity of our startup ecosystem Startup SG schemes …

• Government co-investment initiative to co-invest with independent, • Entrepass (entrepreneur visa) to support foreign entrepreneurs to qualified 3rd part investors into innovative Singapore-based tech assess Singapore’s ecosystem 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) • 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) • Angel Investor Tax Deduction (AITD) for angel investors that provides a tax deduction of 50% at the end of the two-year holding period • Partners to have a unique value proposition, specific program and proven track record • 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 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 • Provides space at one of JTC’s Launchpads for startups and enablers to grow, experiment and flourish

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

Continuous Flow Community for Diversity of Of ideas, Innovation, Networks & Partnerships industries, Activities & Startups & Talent to Form Players

8 56,000 blocks sqm Blk Blk 67 Blk 69 79 Blk Blk Blk 77 73 71 Blk 81 Blk 75 800 50 startups enablers Benefit from the mentorship and support from international incubators / accelerators

> 100 global startupenablers helping startups scale in Asia

• Launched SG-based global • Israeli-based Trendlines Group • SG-based IoT-focused • Founded by Magnus Grimeland accelerator programme in set up an SG-based medtech accelerator for digital health (co-founder of Zalora) partnership with Rakuten that incubator, together with B. Braun and smart cities, co-owned includes $20k equity by Ascendas-Singbridge and • Aggregates top tech talents investment and option of • Inked partnership with National SG-Innovate from leading companies, $100k convertible note Healthcare Group to build universities and institutions to popeline of medtech startups • Signed an MOU with groom them into successful • Focus on social messaging and global solutions NTUitive to provide support startup founders and technologies and in Beijing to enable market startups that align with • Collaborated with SG-based VC access for startups that want • Engages top-tier mentors from Rakuten’s chat app Viber K2 Global to co-invest in to expand to China Ivy-league universities and medtech companies looking to consulting firms suchas raise Series A funding McKinsey Leverage SG’s active venture funding landscape for investments and deal flow

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)

• SG-based VC firm co-founded • Japanese VC founded by by Eduardo Saverin Japanese billionaire TaizoSon

• Focuses on Series B and C • Partnered with Golden Equator investments into healthcare, Group and SPECTRUM to help fintech and industrial/consumer- business ventures expand into enabler businesses Indo-Asia Pacific and internationally • Closed US$360m at the final close of its first fund • Led US$3.5m investment into SG- based data-driven venture • Invested into SG startupsNinja investment platform Hatcher+ Van and CXA Pilot innovative solutions with leading corporates…

• Launched a startup incubation • Launched engineering-based • Launched corporate venture arm, • One of our local manufacturing programme for IIOT startups incubator, Innosparks, that aims to PSA unboxed, with an initial fund and engineering firm address needs in mobility, energy sizeof S$20m • Partnered with SP Group to and healthcare • Established Zicom Medtacc, a develop IIOT capabilities and • Aims to invest in and nurture medtech accelerator that has intelligent applications to enhance • Provides startups with up to startups to create logistics, committed S$15m for investments power network reliability and S$500k in funding, co-working engineering and transaction into medtech startups efficiency in SG space and includes access to ST solutions Engineering’s expertise and • Portfolio of growth-stage SG- • Partnered with Platform E to networks • Selected startups will receive up based medtech startups like advance industrial internet to S$50k as an initial sum in seed Histoindex, Curiox, Biobot, INEX entrepreneurship in SG • Scaling startups will be connected funding and be provided with etc. to ST Engineering’s Corporate incubator facilities at PSA Venture Unit … and government agencies as reference customers

• 80% of Singaporeans live in • Industrial landlord that housing built by HDB developed 7,000 ha of industrial land and 4 mil sqm of ready- • Establish government incubator to built facilities. support startup to pilot and commercialise products and • Launched calls for innovative solutions robotics and automation solutions

• Successful products and solutions • Has earmarked S$8mil to fund will be included in future tender the development and test- specifications bedding of 16 to 20 proposals Leverage SG as a Launchpad for expansion into Asia Launched Global Innovation Alliance to boost Singapore’s connections with global innovation hubs

San Beijing Francisco

Bangkok

Jakarta

Piloted in 4 cities, with plans to roll-out to more locations globally 28

OVERVIEW

WHAT IS SLINGSHOT? 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.

For Startups 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 Ecosystem 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 SLINGSHOT 2018 HIGHLIGHTS

DIVERSE AND QUALITY EXTENSIVE GLOBAL PROMINENT JUDGING HIGH EVENT ENHANCED BENEFITS STARTUP OUTREACH PANEL ATTENDANCE TO STARTUPS PARTICIPANTS

> 1,000 completed 58% international teams in Senior representation from >5,000 event attendees Gear Up workshop startup applications were qualifying round accelerators, VCs, MNCs , across 3 days - Co-organized by ESG in received from >80 LLEs and international collaboration with Antler, Found countries Across 8 industry sectors partners (e.g. B Capital Group, and ImpacTech (including Australia, China, of interest* Bayer, DeClout, Google, - Provided insights & mentorship France, India, UK, US) Increased quality through Mistletoe Inc, P&G) support partnerships SLINGSHOT Networking Dinner - Partner competitions Size of the judging panel was - Exposure to potential partners. - International partner doubled from 2017 corporates and investors incubatorsaccelerators - Well attended by over 130 individuals

Video* highlights at: https://youtu.be/xu55sa2dJ_s 2019 Competition framework

End April – End June End June – End Oct: 12 – 13 Nov: Call for entries Online review platform to shortlist Top 100 Global Startups Top 100 Pitching sessions

Investors brought 8 – 10 Nov Connections to SG ecosystem 1. Local & Intl Partner in to shortlist Competitions1 investment opptys 1-on-1 meetings between 2. Open Call (End Apr ‘Gear-Up’ + the Top 100 Slingshot – End Jun) Networking startups and investors / corporates 3. Intl Partners Investors Dinner Track 1 SLINGSHOT Grand Winner All 2 1st phase of 600 Corporate Top 100 Top 30 (S$200k Startup applications review Shortlisted Judges track Global announced SG Grant) Startups Startups 6 SLINGSHOT • HT • CMRF Call to launch on 26 April Sector • FT/IT 6 sector tracks 100 startups/Sector Participate in Announced Active facilitation Top 5/Sector • FT/AT sectorised judging Winners • MLT through • USS 1. Healthtech panel to review End Aug (S$50k Investor/Corporate 2. Consumer Products & Services; 600 startups Startup SG virtual interaction Media & Advertising; Retail & Grant each) Food Services platform 3. FinTech & InsurTech SLINGSHOT is looking for startups that: Other 4. FoodTech & AgriTech sponsored 5. Manufacturing, Logistics & a) have an MVP Transportation b) show initial signs of traction prizes 6. Urban Solutions & c) must have some technology or proprietary solution. Sustainability 33 1 Winners of partner competitions and top startup from Intl partners will be fast tracked to Top 100 startups In summary… Singapore’s thriving startup ecosystem is a Launchpad to Asia as well as a reference pilot and test-bedding hub

> 100 global startup enablers helping MNCs and large enterprises seeking startups scale in Asia innovation and technology opportunities

> 300 global venture capital investors IHLs/RIs that have groomed startup with presence in Singapore talent and generated spin-offs and licenses ANNEX 1 SINGAPORE – HOME IN ASIA FOR LATIN AMERICAN BUSINESSES

Latin-Asia Bootcamp 2019 Organizado 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. LATIN-ASIA BOOTCAMP 2019 Principais Objetivos

1. Visualizar oportunidades de negócios na Ásia e aprender como utilizar Singapura como uma porta de entrada para Ásia.

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

1. Visualizar oportunidades de negócios na Ásia e aprender como utilizar Singapura como uma porta de entrada para o mercado Asiático. Tendências & Oportunidade de Negócios na Estabelecendo & Estruturando seu Negócio Ásia em Singapura  Panorâmica dos principais setores em  Como estabelecer seu negócio em Singapura; crescimento na Ásia e na Associação das  Otimização Fiscal para seu negócio na Ásia; Nações do Sudeste Asiático (ASEAN);  Design Global-Asia supply chain (aquisição,  Percepção dos consumidores asiáticos e suas forneciemnto, produção, entrega); implicações na criação de produtos, desenvolvimento de branding & marketing;  Financiamento para o seu negócio na Ásia.  Impactos do crescimento do e-Commerce na Ásia;  Apresentação e Estudos de Caso sobre a Singapore F&B Innovation Ecosystem. 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

Painel Temático 1: “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.

Panel Temático 2:

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

Visita a Innovation Facilities em Singapura, para desenvolver produtos e serviços, aprimorar a cadeia de suprimentos, transformar as operações da empresa.

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

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 First Innovation Fully-automated Dedicated to 2. Industrial Internet of Things (IoT) centre outside centre high speed research and deploy 3. 3D Printing Germany: innovative sorting system that new solutions on SIMTECH Manufacturing Control Tower - Simulated next-generation production logistics services, can sort up to connected environment which showcases the seamless connectivity between cyber-physical- driverless shuttles 12,000 packages warehouses, with a production systems & how various technologies (e.g. 3D Printing) are system and drone delivery per hour. focus on data integrated & directed by the Manufacturing Control Tower. for time-critical analytics and IoT. goods.

Photo: DHL Asia Pacific Innovation Centre Diagram: A*STAR ARTC 42 Participantes do Bootcamp 2017:

CARIUMA

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: [email protected] Telefone: + 55 11 3050 2122 To keep up to date with latest business developments and news in Singapore and Asia, sign up to EDB’s mailing list Thank You with the QR Code. www.edb.gov.sg To receive the white papers for the Smart Industry Readiness www.enterprisesg.gov.sg Index (SIRI), please drop an email to Bruno Nogueira at [email protected].

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