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Innovators Academy launched to develop future entrepreneurs, business leaders and innovators in Singapore

· Press Release

1. Singapore’s Economic Development Board (EDB) today launched the Global Innovation Alliance (GIA) Innovators Academy, a national programme which aims to create overseas internship opportunities for students at start-ups or companies that undertake entrepreneurship and innovation. The announcement was made by Minister for Finance Heng Swee Keat at the opening of the Singapore Week of Innovation and Technology (SWITCH).

2. With funding support from the GIA programme, participating schools will source overseas internships and offer these opportunities to AU students, as well as organise events and field trips to provide entrepreneurial education, exposure and mentorship, to enable networking and innovation.

3. The programme will be available to all autonomous university (AU) students through its first four partners, Nanyang Technological University, Singapore (NTU Singapore), National University of Singapore (NUS), Ngee Ann Polytechnic and Singapore Management University (SMU). It will create opportunities for more than 1,300 students to participate in entrepreneurship immersion programmes across 17 cities in 11 countries – Bangkok, Beijing, Berlin, Boston, Boulder, Chengdu, Guangzhou, Ho Chi Minh, Jakarta, London, Manila, Shanghai, San Francisco, Suzhou, Sydney, Tel Aviv and Toronto.

4. On the sidelines of SWITCH, a MOU was also signed between SMU and QBO, a Philippines innovation hub which links stakeholders and partners in the Philippines to support the startup community. This MOU is one of the collaborations under the GIA Innovators Academy that will facilitate the placement of SMU students with startups in the Philippines.

5. “The GIA Innovators Academy will give Singapore students exposure to entrepreneurship and innovation activities in overseas markets.” said Chan Ih Ming, Director, Global Innovation Alliance Programme Office. “By providing opportunities to learn from innovation ecosystems abroad, we believe these valuable experiences will inspire homegrown entrepreneurs, business leaders and innovators to adopt a global perspective and pursue their dreams.”

6. The GIA Innovators Academy is one of the key pillars of the Global Initiative Alliance that was established in 2017. A key recommendation in the Committee on the Future Economy (CFE) 2016 report, the GIA was launched to strengthen Singapore’s connection to major innovation hubs around the world. The GIA aims to create more opportunities for Singaporeans, students, entrepreneurs and businesses to gain overseas experience, connect, and collaborate with their overseas counterparts.

About the Singapore Economic Development Board
The Singapore Economic Development Board (EDB), a government agency under the Ministry of Trade and Industry, is responsible for strategies that enhance Singapore’s position as a global centre for business, innovation, and talent. We undertake investment promotion and industry development, and work with international businesses, both foreign and local, by providing information, connection to partners and access to government incentives for their investments. Our mission is to create sustainable economic growth, with vibrant business and good job opportunities for Singapore.
For more information on EDB, please visit www.edb.gov.sg.

For media queries, please contact:
Ms Deborah Yap
Senior Lead, Public Affairs
Singapore Economic Development Board
Tel: +65 6832 6346
Email: deborah_yap@edb.gov.sg

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