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Asia News

Singapore, Germany deepen collaboration to accelerate SME development

Source: Xinhua    Time:2020-10-16 09:02:12
Enterprise Singapore and the Asia-Pacific Committee of German Business (APA) signed a Memorandum of Understanding (MoU) to better leverage the complementary strengths of Singapore Small and Medium-sized Enterprises (SMEs) and German Mittelstand, according to a joint press release issued on Thursday.

With the MoU signed, the two sides will support enterprise development through industrial and digital transformation in sectors of common interest, including advanced manufacturing, digitalization and innovation, medical technology and healthcare, and future of mobility.

This will be done via enhanced collaboration in open innovation, and by jointly accessing market opportunities in Southeast Asia and Europe, said the press release.

The press release also said Enterprise Singapore and APA will co-organize the refreshed Germany Singapore Business Forum Connect which will feature sector-specific events held throughout the year to facilitate more frequent collaborations between German and Singapore companies.

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