Following the success of the 2018 edition, the Chamber invites tech companies to participate in its second trade mission to Singapore. From November 10 to 15, 2019, participants will take part in the very first collaborative edition of the Singapore FinTech Festival (SFF) and the Singapore Week of Innovation and Technology (SWITCH) : SFF x SWITCH
SFF x SWITCH
In 2018, the Singapore FinTech Festival (SFF) and the Singapore Week of Innovation and Technology (SWITCH) brought together nearly 57,000 participants from 130 countries. This year’s joint edition is an unparalleled opportunity for entrepreneurs, investors, researchers and professionals from various backgrounds to discover the latest technological advances and to target collaborative opportunities.
Click here for more information and to sign up for this mission!
This mission is aimed at businesses in various industries: fintech, urban solutions and sustainability, health and biomedical sciences, advanced manufacturing and engineering, and digital services.
Why Singapore?
Singapore is known as the gateway to the Asian market. It is the third largest financial centre in the world, after London and New York, with some 1,200 financial institutions, including banking industry leaders, major insurance companies and Canadian retirement funds.
Singapore is one of the largest foreign direct investment destinations for Canadian companies in Southeast Asia and its business-friendly environment is particularly favourable for fintechs.
Singapore offers the compelling mix of a supportive government, a well-established financial sector, excellent physical and digital infrastructure, a large pool of IT specialists, and a vibrant ecosystem of investors and advisers. It is a clear starting point for company looking to expand into Southeast Asia.
Singapore FinTech landscape:
- 40+ Innovation labs
- 500+ FinTech startups
- S$500M Record-high FinTech investment in 2018
The financial sector is an integral part of Singapore’s ambition to be a smart nation. In August 2019, the Monetary Authority of Singapore launched Sandbox Express to provide firms with a faster option to test innovative financial products and services in the market.
Looking back at 2018 Singapore trade mission
In 2018, the Singapore trade mission provided unparalleled opportunities to participants who could not only attend the Singapore FinTech Festival, but also take advantage of targeted meetings with key players in the international financial and technology sectors: “It was Squares Union’s second fintech mission with the Chamber, and it was a success. We had three objectives: find payment partners, set up a subsidiary in Singapore and meet with a major potential investor in Asia. It was a busy mission that allowed us to achieve our objectives.” – Freddy Noumeyi, Vice President, Operations at Squares Union
“It was a fantastic experience. One of Singapore’s characteristics is its cultural mix between Asia and America. The most important thing was to be able to align our vision with this market’s. There is no doubt that the mission was a stepping stone to the successful expansion of our company.” – Louis Cléroux, President and Chief Executive Officer of Timechain
Do you want to take advantage of this opportunity?
Click here to register for this mission! Registration deadline is September 27, 2019
The trade mission to Singapore is organized by the Chamber of Commerce of Metropolitan Montreal’s Acclr team of experts, with the special participation of the World Trade Centre Toronto/Toronto Region Board of Trade, and with the support of Air Canada, the official airline. Acclr, through its international trade department, receives financial support from Canada Economic Development for Quebec Regions.
Sources:
https://www.edc.ca/fr/info-pays/pays/singapour.html
https://iclg.com/practice-areas/fintech-laws-and-regulations/singapore
https://www.international.gc.ca/trade-commerce/trade-agreements-accords-commerciaux/agr-
acc/cptpp-ptpgp/countries-pays/singapore-singapour.aspx?lang=fra
https://www.mas.gov.sg/Singapore-Financial-Centre.aspx
https://www.mas.gov.sg/development/fintech
https://www.mas.gov.sg/news/media-releases/2019/mas-launches-sandbox-express-for-faster-
market-testing-of-innovative-financial-services
Guest Blog written by CCMM
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