SBF signs MOU with SIMTech for research collaboration

The partnership will assist local manufacturing and services companies develop R&D capabilities.

Both parties will jointly promote the transfer of knowledge and expertise, organise initiatives and programmes, and identify gaps for technological enhancement to increase the competitiveness of the manufacturing and services industries.

SIMTech, a research institute of the Agency for Science, Technology and Research (A*STAR), will be able to build closer links with the Singapore Business Federation member companies who are seeking advanced and cost-effective manufacturing technologies to raise their competitiveness and venture into emerging markets. SBF members will also be able to tap on SIMTech’s manufacturing technologies, training and membership programmes and obtain market insights.

SBF Chief Operating Officer Mr Victor Tay explained, “The MOU will bridge member companies of SBF to a scientific hub where they are able to access breakthrough research findings, catalyse technology innovation projects and test their ideas. Manufacturing and services companies will now have access to first-hand knowledge on acquiring the latest technologies to undertake higher precision and higher value manufacturing activities to meet stringent performance requirements of this high growth region and gain competitive advantages over their competitors.”

Dr Lim Ser Yong, Executive Director of SIMTech, said, “More Singapore-based companies are keen to explore new grounds and invest in new technologies and markets but lack the expertise on licensing, intellectual property, technological and operational know-how. Through our partnership with SBF, SIMTech will be able to reach out to more companies that are interested in exploring R&D and technology licensing for growth.”