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Sumitomo Mitsui Banking Corporation Signs Memorandum of Understanding with the Agency for Science, Technology and Research to Promote Japanese R&D Activities to Singapore(1/1)
August 18, 2014
Sumitomo Mitsui Banking Corporation
Sumitomo
Mitsui Banking Corporation Signs Memorandum of Understanding with the Agency
for Science, Technology and Research to Promote Japanese R&D Activities to
Singapore
TOKYO, AUGUST 18, 2014 – Sumitomo Mitsui Banking Corporation (gSMBCh,
President: Takeshi Kunibe) signed a memorandum of understanding (gMOUh) today
with the Agency for Science, Technology and Research (gA*STARh) on a
partnershipwith the common aim to support Japanese research and development
(gR&Dh) activities to Singapore for the next three years.
With its favorable geographical
location, ease of doing businesses, infrastructure, human resources, high level
of R&D capability, government support, and other encouraging factors,
Singapore is an excellent choice of location for R&D setups to companies
that develop their products in order to cater to the unique characteristics of
the expanding markets in Southeast Asia, India, and Oceania.
A*STAR, through its role as Singaporefs
lead public sector agency, provides a unique infrastructure through its
activities centered in Biopolis and Fusionoplis, Singaporefs twin research hubs
for biomedical and engineering research as well as the 18 biomedical sciences
and physical sciences and engineering research entities that it oversees. By
providing intellectual, human, and industrial capital to its partners in
industry, A*STARfs open innovation framework actively supports enterpriseson
their R&D activities.
With the partnership, SMBC continues
its strong support to customers on their global strategic efforts through the
organizing of seminars and the provision of information on R&D activities
in Singapore as well as further contributing to the development of R&D
activities in Singapore.
Profile of A*STAR
Name: The Agency for Science, Technology and
Research
Year of Establishment: 1991
Address: 1 Fusionopolis Way, #20-10,Connexis
North, Singapore 138632
Background: A*STAR is Singaporefs lead public sector agency that oversees
18 biomedical sciences and physical sciences and engineering research entities
and supports its partners in industry on their R&D activities by providing
intellectual, human and industrial capital to drive economic growth and
transform Singapore into a vibrant knowledge-based and innovation driven
economy.