On 1 June, the German Singapore Business Forum will take place once again. In addition to insights into the innovation landscape of both countries, participants can expect special matchmaking sessions. it's OWL supports the two-hour event with its strategic initiative 'STRATOSFARE'.
Southeast Asia continues to be a bright spot due to the Association of Southeast Asian Nations, or ASEAN. Real GDP growth of 4.5 per cent is forecast for 2021. ASEAN's growth is expected to accelerate with the implementation of the Regional Comprehensive Economic Partnership (RCEP), which will create the world's largest trading bloc, comprising about 30 per cent of global GDP and about one-third of the world's population.
This is STRATOSFARE
it's OWL supports the German-Singapore Economic Forum through its STRATOSFARE initiative. STRATOSFARE bridges the gap between start-ups and established companies with the so-called 'Venture Client Model'. Established companies become early customers (so-called venture clients) of the start-ups, which apply their technology to products, processes or business models of the established company. The model is only suitable for mature, technology-oriented start-ups that have mastered and can apply a relevant technology. The initiative acts as a global brand and organises the complete process of the model for it's OWL companies. Start-ups are centrally sought in the most important high-tech hotspots worldwide and presented to the it's OWL companies. A STRATOSFARE software platform is used for start-up scouting and supports the further cooperation process. The initiative is fully financed by the companies - participation of other companies is still possible. A parallel research project is being planned. STRATOSFARE project manager Martin Rabe will present the strategic initiative at the Business Forum.
What to expect at the German Singapore Business Forum
The Asia-Pacific Committee of German Business (APA) and Enterprise Singapore (ESG) jointly present the 'Germany Singapore Business Forum Connect: Manufacturing and Innovation in Southeast Asia'. This two-hour virtual event will begin with a spotlight on the manufacturing landscape in Southeast Asia and the investment and partnership opportunities available to German manufacturing companies in the region. In the second hour, German companies will discuss their specific innovation interests and co-innovation opportunities with Singapore companies.