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Sectors in focus

Below are some of the sectors of particular focus for Danish export to Singapore. Feel free to contact us at any time - also if you are interested sectors not listed. 

Energy, Environment & Water

Optimization, efficiency and sustainability are natural agendas when hosting a little more than the Danish population on an island almost similar in size to Bornholm. It is dense, and so is the forest. Singapore has the highest percentage of trees compared to any city in the world and they even planned for 85% of its citizens to live 400 metres from a park in the 2013 Use Land Plan. With liveability high on the agenda, clean, green and sustainable solutions are all needed and aspired. Over time, Singapore has developed into an enticing location and pivotal hub for international cleantech companies to develop and provide solutions to markets all over APAC. Even before the Copenhagen Climate Change Conference in 2009, Singapore made a pledge to reduce emissions by 16% from the 2020 business-as-usual (BAU) level. Although, it is not legally binding, Singapore remains committed and has implemented mitigation and energy efficiency measures.

Singapore has an advanced and integrated waste management system. It minimises land use and maximises resource recovery. But pursuing its Zero Waste Nation Vision, new solutions are continuously explored. Given Singapore’s limited access to renewable energy, energy efficiency is its core strategy to reduce emissions. The goal is for a 35% improvement in energy efficiency from 2005 levels by 2030.

With a location in the centre of South East Asia, international stakeholder flock to cleantech events held in Singapore. ‘Transforming Tomorrow’s Cities with Clean Environment Solutions’ is held from 8 to 12 July, and the World Cities Summit and the Singapore International Water Week are other events in 2018 worth having an eye for. These event are all global platforms for industry and government leaders to identify, develop and share solutions to address environmental challenges for the cities of tomorrow.

Tech

Singapore's geographical location and cosmopolitan environment provide companies a vantage point for meeting the needs of a rapidly developing Asia. As the region becomes the next driver of demand and innovations, Singapore is well-positioned to help Danish tech companies understand and meet the needs of consumers across and beyond Asia. Robust IPR, excellent logistics connectivity and easy access to global talent are main drivers for the attractiveness.
 
Tech opportunities can be divided into three main areas:
 
The digital economy in ASEAN is expected to grow to SGD 277 billion over the next 10 years, with e-commerce accounting for SGD 122 billion. Singapore will work with the rest of ASEAN to streamline regional trade rules governing e-commerce to promote greater digital connectivity. This will enhance the regional trade architecture for e-commerce, realise freer movement of e-commerce goods across Southeast Asia. Lastly, it will support the regional expansion of companies already based in ASEAN.
 
Since 2015, Singapore has had the ambition to be the world’s first smart nation, which makes the country a popular choice for international companies within Internet of Things. The IoT market in Southeast Asia is estimated to reach US$ 7,53 billion in 2020. IoT systems, 5G mobile networks, sensor networks, as well as the Nationwide Broadband Network will be enhanced to enable businesses to leverage on digitalisation. With the Research Information and Enterprise 2020 plan, Singapore is investing in its Smart Future – more precisely SGD 4 billion in ‘Services and Digital Economy’. Denmark and especially Copenhagen is a clear point of inspiration after being stated as the world’s smartest city in 2017. The agenda is smart and so may it very well be to push your technological innovations in Singapore and Southeast Asia.
 
Singapore is one of the leading global FinTech hubs. Technology is recognized as the enabler in the financial sector and Singapore aims to improve connectivity and infrastructure to stay relevant as a hub. Recently, two cooperation agreements between Singapore and Denmark were signed. One between the Singapore Fintech Association and Copenhagen FinTech, another between the Monetary Authority Singapore and the Danish Financial Supervisory Authority. Both underline the joint focus on technological development and eager to partner up within the financial sector.

 

Health

As Denmark, Singapore is facing a future with an ageing population. The so-called ‘silver tsunami’ is expected to entail even further investments the sector than the average 4 % of GDP spent yearly. The Healthcare 2020 Masterplan serves as a roadmap to provide accessible, affordable, and quality healthcare services to all Singaporeans. At the same time, Singapore is promoting healthy living and active ageing. It means upskilling, specialization, research and development capabilities to provide innovative technologies. This serves an opportunity for Danish companies to collaborate with scientists from Singapore-based research institutes, universities, healthcare clusters and hospitals to develop and test new medical technology. The new bed-to-bench value chain offers several Danish business opportunities.

Danish expertise in healthcare infrastructure can deliver management, consultation services and advanced technology for the many nursing homes being built in the coming years. Exactly technology and innovation is the next opportunity that can be explored by Danish companies. With Singapore moving forward with its telehealth initiatives, gaps in telehealth technology for distant care of home-based, community-based, and institute-based elderly needs to be filled. Singapore is on lookout for creative ideas to help in developing innovative technological services and solutions for chronic disease management. All adding to the aim of delivering state-of-the-art technologies to become a smart nation. Singapore needs technical know-how in e-Health and electronic medical record by collaborating with the government, various health clusters, private or public entities to help bring Singapore one step closer to its goal of achieving “one patient one record” system. The recent collaboration agreement between the Danish Technical University (DTU) and A*STAR on personalized medicine shows the joint ambition for both Denmark and Singapore.

2018 offer two major events and platforms for Danish health player to showcase their expertise and explore the Singaporean marked. Medical Fair Asia is held from 29-31 August and the International Ageing Asia Innovation Forum from 15-16 May.