Australia-Singapore alliance to build innovation hub
The Australian government has launched a Landing Pad in Singapore to help start-ups, research institutions, multinationals, and ICT players promote innovation, research and development (R&D).
In a show of support for regional R&D alliances, the Australian government has launched a Landing Pad in Singapore. This gateway will enable Australian companies to leverage innovation and technology expertise across the region.
With more than 3,500 multinationals headquartered in Singapore, this Landing Pad enables Australian entrepreneurs to access a broader network of contacts and opportunities. The aim is to provide a gateway to more than 600 million consumers across Southeast Asia.
The Singapore Landing Pad is one of five being established by Australia across major innovation hubs globally. Australia’s network of Landing Pads also includes facilities in Berlin, San Francisco, Shanghai and Tel Aviv. The broader thrust is to help domestic entrepreneurs bring their ideas to market and build successful enterprises.
The Australian government is fast-tracking initiatives that will help startups in cutting edge industries, including services. This is to build new export market opportunities.
Singapore’s attractiveness for Australian startups is underpinned by its dynamic venture capital and investment community. The city state maintains a reputation as one of Asia’s leading research and development centres.
This regional program is part of the Australian government’s National Innovation and Science Agenda. This agenda includes initiatives worth $1.1 billion over four years. The innovation program is driving smart ideas that create business growth, local jobs and global success.