The introduction of a new COI for the Built Environment and expansion of the Food Manufacturing COI bolster support for SMEs.
Enterprise Singapore has announced the launch of a new Centre of Innovation (COI) dedicated to the Built Environment industry, along with the expansion of the existing COI for Food Manufacturing. This strategic move increases the network of COIs to 12, covering various fields and significantly bolstering support for Small and Medium Enterprises (SMEs) in Singapore.
The COIs are designed to foster innovation among SMEs by facilitating collaboration with tertiary institutes and R&D facilities. These partnerships aim to provide SMEs with access to emerging technologies, specialized training, and market expertise, thereby enabling them to innovate new products or services effectively.
The new COI for the Built Environment is set to become a cornerstone for SMEs operating within this sector, offering them a platform to engage with cutting-edge research and development resources. This initiative underscores the importance of the Built Environment industry in Singapore’s economy and its potential for innovation-led growth.
Similarly, the expansion of the Food Manufacturing COI is a testament to the sector’s dynamic nature and its critical role in the nation’s strategic economic development. With this enhancement, food manufacturing SMEs can expect a wider array of support services, including access to the latest food technologies, process improvements, and sustainable practices.
Enterprise Singapore’s expansion of the COIs network demonstrates a strong commitment to nurturing a vibrant ecosystem for SME innovation. By bridging the gap between SMEs and the worlds of research and technology, the COIs aim to accelerate the development of innovative solutions that can meet the challenges of tomorrow’s markets.
This initiative not only supports SMEs in their innovation journeys but also contributes to the broader goal of maintaining Singapore’s position as a competitive and forward-looking economy.
Source & Image Credit – MTI Facebook
