Business is not only for Multi-National Corporations (MNCs) here in Singapore. Business owners who want to start small can establish Small Medium Enterprises (SMEs). The government is very supportive of business owners whether big or small. In this particular case, let us talk about SMEs across Singapore.
SME owners are thrilled to know that A *Star’s Institute of Materials Research & Engineering (IMRE) and Spring Singapore set up S$7 million of Materials Centre of Innovation (COI). The COI will assist more than four hundred fifty SMEs throughout Singapore. The Materials COI was launched on January 28, 2014. It was Mr. Teo Ser Luck, the Minister of State for Trade and Industry who launched the new Materials COI.
If you are interested with the Materials COI, here are some things that you need to know about it:
Materials COI works closely with SMEs. This is to transfer information to create better opportunities for the entire industry. Apart from transferring of information, SMEs will be advised of technologies that can bridge the gap of industries.
The opening of Materials COI is an important step in empowering SMEs. SMEs should keep up so they need access to technologies. IMRE have many plans to empower SMEs. Empowering SMEs means giving insights and understanding complex innovations and technologies. IMRE will give solutions in creating fresh products to compete better.
The new Materials COI is the 7th COI here in Singapore. The other 6 include – COI Supply Chain Management, COI for Electronics, COI Food Innovation & Resource Centre, COI Marine & Offshore Technology, COI Environmental & Water and COI Precision Engineering. The COI have boarded 1800 projects which benefitted 2700 SMEs.