SGTech and techUK sign Memorandum of Understanding to collaborate on digital trade facilitation, cyber security and digital identities cooperation
Following the United Kingdom-Singapore Digital Economy Agreement (UKSDEA), the MOU is a firm commitment for the leading tech industry bodies in both countries to create vast opportunities in tech and digitalisation
SGTech Executive Director Ms Yean Cheong (left) and techUK CEO Mr Julian David (Right) met virtually on 23 February 2022 as a kick-off to the bilateral cooperation
SINGAPORE – 25 February 2022: SGTech and techUK, the foremost tech industry associations in Singapore and the United Kingdom (UK) respectively, announced a new cooperation agreement to facilitate industry-to-industry partnership between both tech ecosystems, and to promote and foster commercial links on areas such as digital trade facilitation, artificial intelligence, cyber security, digital identities cooperation and emerging tech.
The Memorandum of Understanding (MOU) formalises the mutual agreement and the long-term cooperation on emerging technologies in tech sectors that interest both SGTech and techUK members. It will do so by focusing on joint activities that promote commercial opportunities in areas of mutual interest as well as allow for greater interaction through dialogue on regulatory cooperation in digital and tech issues.
SGTech, as the leading trade association for Singapore’s tech industry and the largest community serving all companies on their technology adoption journey, is committed to better position Singapore as a global node for digital and data built upon digital trust.
Yean Cheong, Executive Director of SGTech, said: “We are pleased to ink this understanding with techUK, our first MOU with a partner outside of Asia. The UK has traditionally been a home to technological innovation and enterprise – both local start-ups as well as global companies – and we are excited to have the opportunity to collaborate with and learn from such industry players and leaders through techUK.”
Both SGTech and techUK have a shared mission to be strong industry pillars enabling greater digital transformation and tech innovation across companies such as innovative start-ups and small and medium-sized businesses.
As a start, SGTech Executive Director Ms Yean Cheong and techUK CEO Mr Julian David met virtually on 23 February 2022 as a kick-off to the bilateral cooperation. Both associations will also organise a roundtable session in the coming months to discuss the key opportunities and concerns companies in the cybersecurity sector face.
Julian David, CEO of techUK, said: “techUK is delighted to formalise an agreement with SGTech to support the flourishing of tech ecosystems in both the UK and Singapore and create opportunities for innovative businesses in tech and digitalisation. Our cooperation under this MOU will complement UK’s first digital trade deal and strengthen bilateral cooperation on the key tenets detailed in the UK-Singapore Digital Economy Agreement. We look forward to working with SGTech to drive regulatory cooperation on digital and tech issues and enhance industry exchanges in areas such as cyber security, digital trade facilitation and emerging tech between both countries.”
Foo Chi Hsia, Assistant Chief Executive (International), Infocomm Media Development Authority (IMDA) of Singapore added: “This MOU between techUK and SGTech is a great complement to the UK-Singapore Digital Economy Agreement. It will facilitate businesses of all sizes to make full use of the Agreement to connect, innovate, and create value through tech and digitalisation – not just between the UK and Singapore, but through Singapore to the fast-growing digital economies in the rest of ASEAN.”
SGTech, celebrating its 40th anniversary in 2022, is the leading trade association for Singapore's tech industry. Representing nearly 1,000 member companies ranging from top multinational corporations, large local enterprises, vibrant small and medium-sized 4 enterprises, and innovative start-ups, it is the largest community in Singapore where companies converge to advocate for change and drive what enables tech innovation and accelerates tech adoption to spur greater sustainability in the sector. SGTech's mission is to catalyse a thriving ecosystem that powers Singapore as a global tech powerhouse.
techUK is a membership organisation in the United Kingdom whose mission is to champion the technology sector and prepare and empower the UK for what comes next, delivering a better future for people, society, the economy and the planet. It is the UK’s leading digital technology membership organisation, with more than 850 members spread across the UK. These companies range from leading FTSE 100 companies to new innovative start-ups. The majority of techUK’s members are small and medium-sized businesses.