Good science = great business for Australia and Singapore

| June 6, 2018
Michaelia Cash, the Federal Minister for Jobs and Innovation, has encouraged business leaders and scientists in Singapore and Australia to join forces to secure future prosperity for both countries during the first ‘Good Science = Great Business’ festival in Singapore in September.

Singapore is a key partner for Australia, being our largest trading partner in ASEAN, eighth-largest trading partner overall and sixth-largest foreign investor.

Under the Comprehensive Strategic Partnership, Australia and Singapore are deepening cooperation across all sectors and advancing shared interests, including in the innovation and science space.

The festival, delivered by the Australian High Commission, in collaboration with Austrade, CSIRO and Australia’s leading universities, will promote collaboration between Australian scientists and businesses and their counterparts in Singapore and ASEAN countries.

It will stage a series of high-profile events in Singapore highlighting the contribution science makes to creating future industries and growing economies in the Indo-Pacific region.

Events will include commercialisation workshops and ‘pitch’ events for research institutions, Australian industry delegation visits to Singapore medtech and biotech facilities, a lecture series and a gala dinner featuring the Australian National University Vice Chancellor Brian Schmidt.

Minister Cash said the festival will demonstrate the Australian Government’s commitment to fostering international collaborations that would help Australian businesses grow and reach into global markets.

“Singapore is a natural partner for Australia in entrepreneurship, science and technology activities thanks to its openness to exchanging ideas and talent.

“The ‘Good Science = Great Business’ festival will show collaboration between business, industry, universities and researchers in Australia and Singapore remains central to fostering vibrant innovation systems in both our nations,” said Minister Cash.