MTI Committee of Supply Debate 2016


       Leverage disruptive technologies to ensure Singapore remains competitive and a key global player​
    • Digital technologies such as big data analytics, artificial intelligence and cloud technology which are
      transforming our industries
      including manufacturing 
    • Industrial Internet of Things (IIoT) which integrates info-comm technology (ICT) into manufacturing value
      chains to allow real-time
      visibility and automation, immediate and predictive equipment maintenance
      and optimisation of energy usage, among others 
    • Additive manufacturing (or 3D printing) to enable rapid prototyping, cheaper low-volume production,
      shortened supply chains,
      optimised designs and mass customisati
      on ​ 
    • Robotics to enable greater automation and improve operational efficiency and productivity of manufacturing
      processes ​
       Tap on economic opportunities presented by urbanisation and rising consumerism in Asia 
       Drive deeper regional and global economic integration through trade agreements like Asean Economic
       Community (AEC), 
 Regional Comprehensive Economic Partnership (RCEP) and Trans-Pacific Partnership
       (TPP)  that will benefit our companies 
and people​​​​

                                                                                                                                                                                                                                                                         Slicing 09 back to top button.jpg

       Integrate restructuring efforts through a $4.5 billion Industry Transformation Programme
    • Industry Transformation Maps (ITM), a targeted approach to plan, guide and support sectors through customising 
    • productivity, SkillsFuture, technology roadmaps and internationalisation plans
    • Appointment of “Cluster Champions” to map out sector plans and ensure greater integration and tighter
    • National Robotics Programme (NRP) to provide over $450 million over the next 3 years to drive end-to-end
      test-bedding and deployment of robotics technology
       Deepen innovation capabilities
    • $3.25 billion from the Research, Innovation and Enterprise (RIE) 2020 fund, set aside for research in Advanced
      Manufacturing and Engineering (AME) capabilities
    • Intellectual Property Intermediary (IPI) to expand outreach to SMES
    • Enhanced GET-Up Programme to support the secondment of senior research scientists and engineers (RSEs)
      to SMEs
    • Increase of $200 million for Industry Alignment Fund (IAF) to catalyse more public-private research collaborations
      Strengthen eco-system for start-ups to scale
    • Internationalisation
    • Partnerships
    • An enabling regulatory environment
    • ​​Talent development​

                                                                                                                                                                                                                                                                         Slicing 09 back to top button.jpg 
       Provide near-term relief to companies via financing support 
    • New SME Working Capital Loan scheme for 3 years, for loans​​ up to $300,000 per SME, where Government will 
      co-share 50% of the default risk​ with participating financial institutions, to encourage bank lending to SMEs 
    • Grant budget of over $2.3 billion under the fifth tranche of the Enterprise Development Fund (EDF 5) to support existing SPRING and IE Singapore schemes including the Capability Development Grant (CDG), Innovation and Capability Vouchers (ICV), Partnership for Capability Transformation (PACT), Market Readiness Assistance (MRA), Global Company Partnership (GCP), and Micro-Loan Programme (MLP) 
    • Double Tax Deduction for Internationalisation scheme (DTDi) extended till 31 March 2020 to provide targeted assistance to address manpower needs of internationalising companies 
       Adopt a medium to long-term approach to help companies restructure via innovation and transformation 
    • More than $400 million through the Automation Support Package over the next 3 years with: 
      a) enhanced CDG which supports 50% of full scale automation project costs beyond pilot phases, up to $1 million
      b) new Investment Allowance (IA)
      c) enhanced Local Enterprise Finance Scheme (LEFS)
    • Enhanced Infocomm for Productivity and Growth (IPG) to support ancillary costs like retrofitting and business consultancy, help SMEs to upgrade to the latest solutions which work better, and provide support for the
      scaling-​​​up of solutions across all branches of a business
        Develop physical spaces to foster a vibrant and innovation-enabling environment for companies 
    • Jurong Innovation District (JID) to house several key growth areas that Singapore intends to develop, including advanced manufacturing,​ robotics, urban solutions, cleantech and smart logistics 
    • JTC Launchpad @ JID by 2017 to support start-ups, incubators and accelerators 
       Adopt a cluster development approach to revitalise and transform traditional sectors through shared 
    • JTC Food Hub @ Senoko which houses a shared Cold room and Warehouse Facility 
    • JTC’s Furniture Hub @ Sungei Kadut (to be completed in 2018) to cluster furniture and related companies
      offering trade, manufacturing, interior design, material supplies as well as distribution and fit-out services
    • ​Metals, Machinery and Timber Hub (MMT) @ Kranji (to be completed in 2020) for SMEs in metals, machinery
      and timber trades to explore productive initiatives such as the installation of overhead cranes to reduce their reliance on fork lifts and shared services like logistics, centralised heat treatment and waste management
      Work through Trade Associations and Chambers (TACs) to drive industry transformation
    • LEAD-Plus to provide wider funding to strengthen TACs’ in-house capabilities 
    • Collaboration through SPRING’s Collaborative Industry Projects (CIPs) to build TACs’ capabilities 
      Work with agencies and industries to help Singaporeans up-skill and re-skill 
    • SkillsFuture Sectoral Manpower Plans (SMPs) to identify the strategies and action plans required for developing sector-specific skills 
    • Partner MOM, MOE and industry partners on ongoing SkillsFuture initiatives and facilitate collaboration: 
      a) SkillsFuture Mentors initiative,
      b) Young Talent Programme (YTP) and
      c) SkillsFuture Earn and Learn Programme​​

​      Speeches:
      Minister of State Dr Koh Poh Koon's Speech
      Parliamentary Secretary Low Yen Ling's Speech​

      Factsheets & other resources​:
      ​Automation Support Package
      Factsheet on Jurong Innovation District (JID)
      Industry Transformation Programme

      ​High Res version of MTI COS infographic

                                                                                                                                                                                                                                                                      Slicing 09 back to top button.jpg 
LAST UPDATED 07 Aug 2017
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