Could you share more about your internationalisation programs and how they support tech businesses expanding globally?
Eureka empowers businesses throughout its network of 47 countries to unlock global opportunities. We are committed to helping them expand their reach and thrive on the global stage. With our extensive range of international programmes, we offer unparalleled opportunities for businesses to engage, collaborate, and grow beyond borders.
By joining Eureka’s international initiatives, businesses gain access to invaluable knowledge transfer, which fuels innovation and enhances competitiveness. These programmes facilitate long-term business relationships that not only foster partnerships but also open doors to new markets, driving commercial success.
The benefits of Eureka’s programmes go beyond immediate international collaboration. They have a proven track record of creating jobs, helping businesses take their first steps in international collaboration, and attracting private investment for expansion. These programmes act as a catalyst, empowering businesses to explore new horizons and achieve sustainable growth.
Can you share some success stories of startups you’ve helped enter the Singapore market? What factors contributed to their success?
The longstanding relationship between Enterprise Singapore and Eureka, including the Globalstars calls and current participation in all Eureka programmes, has facilitated global collaborations, especially for startups working with Singaporean organisations. Through Eureka’s Innowwide programme, European SMEs can target non-European markets like Singapore to develop business relationships and expand their exports.
Two SMEs that have explored the Singaporean market are:
• Fiber Engineering GmbH (Germany) collaborated with Widuz Pte Ltd. (Singapore) on a project to develop sustainable bamboo fibre composites for construction and furniture. The project successfully demonstrated the feasibility of the product and technology in Southeast Asia, establishing partnerships and market opportunities. It positions bamboo composites as an eco-friendly alternative to conventional materials, with plans for further R&D, scale-up, and regional market expansion.
• Navozyme Pte Ltd. (Spain) worked on a waste traceability solution using blockchain technology for the maritime sector. The project achieved its technical objectives and identified business opportunities in Singapore and ASEAN countries. Though the local maritime ecosystem is still developing, the project’s innovative approach to waste management has shown promise, with future phases focusing on blockchain interoperability and system integration.
Are there specific programs, partnerships, or events that have proven particularly beneficial for startups from your network looking to understand and tap into Singapore’s business ecosystem?
Eureka offers highly targeted networking opportunities that are designed to connect companies within our network with key partners in Singapore. One such opportunity is through our involvement in the SWITCH event, where businesses can participate as part of our investment-readiness programme.
At SWITCH, companies have the chance to meet with potential investors, collaborators, and partners from Singapore’s thriving innovation ecosystem.
This is an invaluable platform for businesses looking to expand into Southeast Asia, particularly Singapore, which serves as a key gateway to the region. Our investment-readiness programme ensures that companies are well-prepared to engage in meaningful conversations and secure strategic partnerships that could propel them towards international success. It’s a win-win for both sides, as it encourages cross-border innovation, drives business growth, and fosters long-term relationships.
