Singapore Government's initiatives towards a Smart Nation announced at InnovFest Unbound 2017

The Smart Nation initiative is promoted by the Singapore government to support better living using technology. With different kinds of smarter ideas, applications and digital solutions, the government hopes to improve the current state of our

  • transport system
  • home and environment
  • business productivity
  • health and enabled ageing
  • public sector services.

At the InnovFest Unbound event held on the 3rd May 2017, the Minister for Communications and Information announced some new initiatives and investments as part of the whole Smart Nation Project. Here are the 6 notable announcements/comments.

  1. Launch of AI.SG to boost Singapore's AI Capabilities

    The National Research Foundation (NRF) will launch AI.SG to power our future, digital economy. AI.SG will be drive by a government-wide partnership comprising of NRF, Smart Nation, Digital Government Office, EDB, IMDA, SGInnovate and IHiS. AI.SG will also bring together local research institutions and companies developing AI products to grow the knowledge, create the tools and develop the talent to power Singapore's AI efforts.

    AI.SG has three objectives.

    1. Use AI to address magor challenges that affect society and industry.
    2. Invest in deep capabilities to catch the next wave of scientific innovation.
    3. Broaden adoption and use of AI and machine learning within industry.

  2. The setting up of the Singapore Data Science Consortium
    The NRF will also set up the Singapore Data Science Consortium together with NUS, NTU, SMU and A*STAR. The consortium will strengthen collaborative research linkages between Institutes of Higher Learning, research institutes and industry in data science R&D, with the aim of facilitating industry adoption of the latest cutting-edge data science and analytics technologies to address real-world challenges.

  3. The Accreditation@IMDA initiative update

    Accreditation@IMDA is a key initiative that was launched in 2014. This programme provides customized assistance to high-growth start-ups and SMEs to accelerate their growth and to internationalize through IE Singapore and enterprise partners. This has helped companies to better engage their customers. Companies also found it easier to close their funding round much faster as investors relied on the Accreditation evaluation for their technical due diligence. To date, Accreditation@IMDA has accredited 17 companies.
  4. MOI between local banks to drive innovative FinTech solutions within their organizations and sector
    IMDA will partner with DBS, OCBC and UOB to drive innovative FinTech solutions within their organisation and sector. The partnership ill also enable IMDA-Accreditated companies to scale up, by gaining access to real problem statements and opportunities to work on innovative FinTech projects within the bank and expand into international markets through the banks' global footprint. 

  5. SMEs Go Digital initiative update

    SMEs Go Digital initiative was announced at Budget 2017 to help SMEs build stronger digital capabilities. SMEs Go Digital now has close to 50 pre-approved digital tech solutions that SMEs could tap on to innovate.

  6. Growing tech talents in Singapore

    IMDA's TechSkills Accelerator will continue to equip the Singaporean workforce with tech skills for the digital economy. In areas of frontier technology where Singapore has yet to build deep capabilities, the government will continue to be open to global talent.

    Startup SG's Founder initiative will also encourage first-time entrepreneurs to start new businesses in frontier tech areas. SGInnovate's BASH , which is Singapore's all-in-one facility for startups, will also help build tech communities and networks across the entire value chain.
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