Singapore Government Supports ICT Firms in Displaying Technology Progress

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Tech News Summary:

  • The Indonesian Ministry of Industry is supporting local ICT companies in their efforts to become more competitive globally by facilitating their participation in the CommunicAsia 2023 expo in Singapore.
  • Seven domestic ICT companies showcased their latest technologies in fields such as broadband, FTTx, connected services, satellite communication, IoT, and AI-powered data centers at the expo.
  • This support for domestic industry products aligns with the government’s program “Making Program Indonesia 4.0” and aims to achieve national goals established in Presidential Regulation No. 18 of 2020 regarding the National Medium-Term Development Plan 2020-2024.

The Singaporean government has recently announced a series of initiatives aimed at boosting the country’s information and communications technology (ICT) industry. The move is seen as a bid to keep the nation at the forefront of tech innovation, amid growing competition from other Asian countries.

One of the key measures announced was the launch of an ICT showcase, which will serve as a platform for Singapore-based companies to display their latest technological innovations. The exhibition will be held in the city-state in the coming months, and is expected to attract a wide range of stakeholders from the tech community.

In addition to the showcase, the government also revealed plans to provide more funding and support for local ICT startups. This will include grants and subsidies for research and development initiatives, as well as access to expertise and mentoring from established players in the sector.

Commenting on the moves, Singapore’s Minister of Communications and Information, S. Iswaran, said: “These initiatives will help to strengthen the country’s ICT ecosystem, and will ensure that home-grown companies continue to compete on the global stage. We are committed to supporting the growth of this sector, and we believe that there is significant potential for innovation and entrepreneurship in Singapore.”

The measures have been welcomed by the local tech community, which has long been calling for greater support from the government. Many industry players believe that Singapore has the talent and resources to rival other tech hubs, such as Silicon Valley and Shanghai, but that more needs to be done to foster an innovation-friendly environment and support local startups.

With the launch of the new ICT showcase and other initiatives, the Singaporean government is making a strong statement about its commitment to the future of the tech industry. It remains to be seen how successful these measures will be in driving growth and innovation in the sector, but if they are implemented effectively, they could put Singapore well ahead of its competitors in the region.

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