Industry associations SGTech and techUK are working together to facilitate industry-to-industry partnership between both ecosystems, and to promote and foster commercial links on areas such as digital trade facilitation, artificial intelligence, cyber security, digital identities cooperation and emerging tech.
They signed a memorandum of understanding, which commits both groups in joint activities that promote commercial opportunities in areas of mutual interest. The MOU also allows for greater interaction through dialogue on regulatory cooperation in digital and tech issues.
SGTech, as the leading trade association for Singapore’s tech industry and the largest community serving all companies on their technology adoption journey, is committed to better position Singapore as a global node for digital and data built upon digital trust.
Yean Cheong, executive director of SGTech, said this is their first MOU with a partner outside of Asia.
“The UK has traditionally been a home to technological innovation and enterprise – both local start-ups as well as global companies – and we are excited to have the opportunity to collaborate with and learn from such industry players and leaders through techUK,” said Cheong.
Both associations will also organise a roundtable session in the coming months to discuss the key opportunities and concerns companies in the cybersecurity sector face.
Julian David, CEO of techUK, said their partnership will complement UK’s first digital trade deal and strengthen bilateral cooperation on the key tenets detailed in the UK-Singapore Digital Economy Agreement.
“We look forward to working with SGTech to drive regulatory cooperation on digital and tech issues and enhance industry exchanges in areas such as cyber security, digital trade facilitation and emerging tech between both countries.”
Foo Chi Hsia, assistant chief executive of the Infocomm Media Development Authority (IMDA) of Singapore, said the MOU will facilitate businesses of all sizes to make full use of the UK-Singapore Digital Economy Agreement to connect, innovate, and create value through tech and digitalisation – not just between the UK and Singapore, but through Singapore to the fast-growing digital economies in the rest of ASEAN.