THE EUROPEAN UNION AND SINGAPORE SIGN PACT ON INFORMATION AND COMMUNICATION TECHNOLOGY
The MOU provides a broad framework for ICT research and development (R&D) collaborations between entities from Europe and Singapore including companies, public and private research institutes, universities and other R&D organisations. The MOU will strengthen ICT cooperation and linkages between both sides, in particular through the EU Research Programme and Funds.
In Singapore, the Government recently announced its commitment to set aside S$230m in funding over 5 years for the Singapore Media Fusion plan to develop the local media industry, a 40% increase in funding from the previous Media 21 Master plan. This is on top of existing government support of S$500 million over five years for Interactive Digital Media (IDM) R&D.
Said EU Commissioner Reding, “I am glad that this MOU is signed as there is great synergy and compatibility between Europe and Singapore. It helps to build the competitive advantage of both Europe and Singapore in the area of ICT and this will certainly lay the foundation for the economies of Europe and Singapore for when the global economy recovers from this recession.” Agreeing, Minister Lim said, “The MOU will facilitate more ICT research collaborations between Europe and Singapore, which may in turn open up more commercialization opportunities for companies from both sides to ride along the economic upturn and beyond.”
Ministry of Trade and Industry, Singapore
European Commission, Information Society and Media Directorate-General
Ms Luenne Angela Choa
Press Officer
European Commission Delegation in Singapore
Tel : +65 96949110
E-mail : Luenne.Choa@ec.europa.eu
Ms Guenevere Cordeiro
Assistant Director, Corporate Communications
Ministry for Trade and Industry
Tel : +65 6332 7478
E-mail : guenevere_cordeiro@mti.gov.sg