Singapore Budget 2018 Part 2 of 3 : ENHANCING DIGITAL CAPABILITIES
The Government announced a slew of measures to help businesses innovate. In another area, to help businesses find partners to co-create solutions, the Government is also piloting a virtual crowd-sourcing platform, where companies may list specific challenges that can be addressed by digital solutions.
Called the Open Innovation Platform, the initiative will run in the later half of this year and be administered by the Info-communications Media Development Authority (IMDA). It will help match businesses with solution providers such as info-communications and technology (ICT) firms and research institutes, to spark collaborations to develop innovation digital products.
These measures are meant to strengthen innovation, one of the three key enablers that lay the foundation for Singapore’s S$4.5 billion industry transformation programme. There are roadmaps developed for 21 industries so far, with the remaining two to be launched by next month.
As the economy undergo changes, workers and businesses would need to build digital capabilities, so the Government will set aside S$145 million over the next three years to expand the Tech Skills Accelerator (Tesa), an initiative by the IMDA.
Tesa will also support more people who want to acquire emerging digital skills, such as in data analytics, artificial intelligence, the Internet of Things and cybersecurity.
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