India’s Department of Science and Technology (DST) signed a Memorandum of Understanding (MoU) with Singapore’s Ministry of Trade and Industry (MTI) allowing organizations in both countries to collaborate in Science, Technology and Innovation. This agreement would develop, encourage and facilitate collaborative projects in fields of mutual interest.
These projects could advance progress in innovation, research and technological development in advanced engineering and manufacturing, health and other emerging technological sectors.
Cleantech is another potential area of collaboration as Singapore and India had both announced ambitious carbon mitigation plans. The third area where both the countries can partner is in the field of genome and bioinformatics research. There will also be the finalization and passing of the Personal Data Protection Bill in India, which will facilitate cross border data flows.
The summit also saw the signing of an implementation agreement between Enterprise Singapore (ESG) and India’s DST, to bring together startups and corporates from the two countries to collaborate on developing new innovative technologies. They will open at least one call for proposal annually to invite joint proposals by the companies from both countries and funding will be provided for the final approved innovation projects.
Through this collaboration between the DST and ESG, joint research and innovation projects between more corporates and startups will be co-funded to enable them to capture new business opportunities.
The partnership aims to strengthen digital connectivity and interoperability of digital markets and to facilitate digital trade and investment between the EU and Singapore. It aims to address secure and sustainable digital infrastructure, data innovation, trusted data flows, the digital transformation of businesses and public services and the development of digital skills for workers.
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