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Innovation is core to Singapore’s economy: IDA Chairman

Zafar Anjum | Nov. 6, 2013
In her opening address at the Google Big Tent event on 29 October, IDA Chairman Yong Ying-I, made several points on how Singapore fostered a culture of innovation.

- IDA is also building the enabling environment for data innovation in other ways, such as strengthening both our hard infrastructure (creating a nationwide sensor network, in addition to the Next Generation Nationwide Broadband Network), and soft infrastructure (developing 'the capabilities of our people, our tech talent').

No "me-too" ideas please

However, she said that many innovators in Singapore pursue "me-too" ideas in highly competitive spaces. "I urge our budding innovators to have the resilience and courage to seek differential competitive advantage," she said. She urged the local innovators to consider pursuing areas that leverage Singapore's competitive strengths, much like how YFind focused on indoor positioning for mobile phones using wi-fi and Digify focused on security.

The other point she made was that innovators should take advantage of Singapore's small size. "I believe Singapore's strength lies in our interconnected ecosystem, and the ability to come together to create innovative and useful solutions for the future," she said.

"There are many disadvantages to being small, but being able to bring the ecosystem into one Big Tent is our strength and advantage. There is no other nation in the world better placed than Singapore to unify policy, technology and industry towards being a Smart Nation. I hope we can all work together - the industry, researchers, our universities and polys, government and our citizens must come together and collaborate. Let's write the next chapter of the Singapore story together."

The event was organised by Google Singapore and had many distinguished speakers offering their views on nurturing innovation in Singapore.

 

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