Singapore recently joined forces with the global outlet to hold a live broadcast of the "Outpost Southeast Asia Forum", how Chinese enterprises should combine with Singapore's scientific research strength, in order to move towards the global topic of in-depth discussion, the Nanyang Technological University Graduate School Dean Professor Wen Yonggang, and investor Wang Yuquan live broadcast into a text, this is the fifth chapter after "Singapore Government is the best angel investor in technology enterprises".
As a global city-state, Singapore has gradually become an important base for international innovation and entrepreneurship with its advantages in technology, talent, internationalization and capital. At the same time, China has formed a unique competitiveness with its huge market and mature manufacturing capacity. The effective combination of the advantages of the two will surely produce a synergistic effect and promote scientific and technological innovation and economic development.
Singapore's advantages include the following:
(1) Scientific and technological advantages Singapore has invested a lot of resources in scientific research and innovation, and has a number of world-class universities and research institutions. These institutions have made remarkable achievements in cutting-edge fields such as biomedicine, information technology, and clean energy. In addition, the Singapore government has introduced a number of policies to support the development of start-ups.
(2) Talent advantage Singapore has attracted outstanding talents from all over the world and has a sound education system, especially in the field of STEM (science, technology, engineering and mathematics), and has cultivated a large number of high-quality scientific and technological talents.
(3) International advantages As an international financial center, Singapore's business environment is extremely open and its legal system is transparent, attracting a large number of foreign enterprises and investors, and providing a good development platform for local enterprises.
(4) Capital advantage
Singapore's venture capital ecosystem is maturing, with many investors actively looking for promising start-ups, especially in the technology sector.
China's advantages are:
(1) Manufacturing advantages China is the world's largest manufacturing country, especially in the field of electronics and machinery, forming a complete supply chain system. Cities such as Shenzhen are world-renowned for their manufacturing capabilities, providing strong support for start-ups.
(2) Market Advantage China has a huge consumer market, and the rise of the middle class provides a broad space for the promotion of new products and technologies.
(3) Policy support In recent years, the Chinese government has introduced a series of policies to encourage innovation and entrepreneurship, providing financial and tax support for science and technology enterprises.
Professor Wen shared the successful development of two companies founded by NTU professors who have made full use of the advantages of Singapore and China:
In 1998, an NTU professor founded a manufacturing company with headquarters in Singapore and a production base in Shenzhen. This is a typical model that leverages Singapore's technological advantages and develops with the help of China's strong production and supply chain. When the company was later listed on the Singapore Exchange, it also broke the record for that year.
Recently, a professor's self-driving company started in Singapore, but as the technology matured and market demand increased, it eventually chose to return to Chinese mainland for mass production. Professor Wen believes that this way of starting in Singapore and scaling up in China has proven effective.
Globally, the common challenge faced by many tech companies is how to achieve manufacturing at scale. Many investors lack an in-depth understanding of the manufacturing process, leading to their reluctance to invest money.
In this regard, Wang Yuquan put forward a concept of combining production and investment.
For example, a start-up needs to build a complex human-friendly robot, but due to the high technical threshold, the company cannot complete the manufacturing itself, which may affect the confidence of investors. Wang Yuquan suggested that when start-ups connect with manufacturers, they can not treat the manufacturer as an OEM factory, but try to absorb the manufacturer as a part of the enterprise, and do not directly pay the manufacturer OEM fees, but promise that if the quality and quantity of the product pass, the shares of the enterprise will be distributed to the manufacturer as compensation. In this way, the company can achieve mass production, and also ensure the feasibility of investment.
At the same time, it is suggested that a platform could be explored to connect Singapore's technology companies with the Chinese market. Such a cooperation forum can not only help Singapore enterprises quickly find market and investment support when entering the VC stage, but also provide more innovative investment opportunities for Chinese investors.
The platform can attract Singapore's technology companies to connect with Chinese investors and manufacturers through regular roadshows, exchange meetings and other activities. Such cooperation will effectively promote the integration and optimization of resources of both parties and provide support for the development of technology enterprises.
Professor Wen Yonggang agrees with Wang Yuquan's suggestion. He said that there are many good products and ideas, and after leaving the laboratory, it is difficult to find a production line that can match in Singapore, while there are many places in China where there are already complete production lines and supply chains for mass production.
Professor Wen took the Sino-Singapore Guangzhou Knowledge City as an example, and through the establishment of a local R&D center, Singapore's technology companies can better meet the needs of the Chinese market and achieve rapid implementation of technology.
From January 7 to 10, 2025, the global technology event, the Consumer Electronics Show, will be held in Las Vegas, United States. As the world's largest and most influential consumer electronics technology exhibition, CES is known as the "vane of electronic technology", attracting the attention of countless technology enthusiasts and industry leaders.
Tech giants and well-known innovators from around the world will gather to showcase the latest cutting-edge technologies. Singapore passport holders enjoy the convenience of visa-free entry and experience the feast of cutting-edge technology for the first time!
Singapore Eye joined hands with Outpost Technology, led by Wang Yuquan, a technology investor and global expert in the technology innovation industry, to form the CES Singapore Pavilion to embark on this technological journey with like-minded business seekers.
Registration for CES is now open, and space is limited, so hurry up!
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