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Singapore - A hotbed for Innovation

 

As we move into the final quarter for 2018, we have seen increased focus from various government bodies and media up-playing Singapore as an integral place for Innovation & Technology.

Straits Times Article - Singapore needs foreign tech talent: Ong Ye Kung - 21 September 2018

Straits Times Article - Singapore ranked second-best Asian city for tech firms: Report - 20 September 2018

 

In another insightful article, EDB highlights Singapore as the center for Artificial Intelligence and other R&D innovations. According to the Global Innovation Index, Singapore was ranked #1 in Asia and #7 globally among the world's most innovative countries of 2017.

Both global corporate giants and local start-ups thrive in Singapore where R&D is concerned (particularly in technology and biomedical science).

Quote: "An inviting business climate and a talented workforce are attracting technology companies to Singapore". 

In another quote, "The nation will maintain little restriction on foreign labour for high-end jobs such as in artificial intelligence, while keeping a quota system for lower-skilled industries including construction"

Would this perhaps indicate increasing opportunities for Singapore PR / Citizenship applicants employed in this sector?

Higher Approval Rates for Singapore Permanent Residence Applicants from Technology Sectors?

 

In recent years, the Singapore government has been initiating policies to encourage the growth of certain key industries. This shifting trend in governmental approaches to local business development can be dated back to the 1990s and early 2000s, where the government encourages the building of a “knowledge-based economy”, with a focus on innovations in technology as well as research and development in other sectors.

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