Last updated: 13 March 2023
Published on: 21 May 2018
4 MINS READ
The Digital Economy framework for action comprises three thrusts:
- Helping industries and companies ACCELERATE their digitalisation journeys;
- Strengthening Singapore’s ability to COMPETE internationally, through open innovation and and the fostering of new ecosystems, enabled by digitalisation;
- TRANSFORM the ICM sector to deepen capabilities in frontier technologies and nurture the next generation of globally competitive digital champions
In support of the three thrusts of its Digital Economy framework for action, IMDA introduced a suite of programmes to help businesses, regardless of their size and where they are in their digitalisation journey, transform and seize new opportunities in an increasingly digitalised global marketplace.
1) A nationwide e-invoicing standard, as a first step to get all businesses to start their digitalisation journey. Singapore will adopt the Pan-European Public Procurement On-Line (PEPPOL) e-invoicing standard, and will be become the national authority outside Europe, and first in Asia, to do so;
2) A boost in Singapore’s e-commerce sector, by awarding BluPort and SingPost as the Federated Locker operators for the pilots at Bukit Panjang and Punggol respectively. As part of this pilot, IMDA has also awarded a tender to Parcel Perform to develop and run an open, interoperable nationwide platform that allows different parcel operators to deliver to the federated lockers, thus benefitting e-commerce players and consumers;
3) A new initiative, Digital Project Management Services, to enhance the SMEs Go Digital programme, will be launched to help SMEs realise the full potential of their digital investments. Under this initiative, SMEs can tap on a pool of digital project managers to help with the implementation of their digital plans. The Singapore Manufacturing Federation (SMF) has been appointed as the first operator of these services
1) The Open Innovation Platform, a virtual crowd-sourcing platform to connect and matche problem owners and problem solvers, will be launched in June 2018. The platform is supported by a structured innovation process from ideation to commercialisation, as well as a physical innovation facility for rapid prototyping. OIP’s first Challenge Call will take place in June 2018;
2) Supporting four Digital Platforms1 to enable AI and data services. The Digital Platforms will act as aggregators of AI and data services to make them more accessible to businesses and also drive adoption of AI and data services
Transform ICM sector
1) Help local media enterprises and professionals acquire new capabilities; and partnering with new digital content platforms and integrated ecosystem players through the Future of Media programme;
2) Immersive media has been identified as one of four frontier technologies to transform Singapore’s ICM sector and drive innovation in traditional industries. IMDA will support construction sector’s first pilot digital shared platform incorporating multi-user VR environment. This is expected to improve communications amongst players across the construction value chain resulting in cost savings and shortened project delivery;
3) ICT solutions that are cyber-secured and trusted enjoy a competitive edge. To help strengthen ICT SMEs’ cyber security capabilities, IMDA partnered Singapore Institute of Technology (SIT) to launch GoSecure, to offer 200 ICT companies Security by Design Consultation and Vulnerability Assessment at a nominal fee
- E-Invoicing Fact Sheet (146.82KB)
- Federated Lockers Overview Fact Sheet (314.11KB)
- SMEs Go Digital Project Management Fact Sheet (174.52KB)
- Digital Platforms Fact Sheet (120.01KB)
- Open Innovation Platform Fact Sheet (114.29KB)
- Future of Media Fact Sheet (105.92KB)
- IDA Tech Fact Sheet (81.87KB)
- GoSecure Fact Sheet (138.59KB)
1Digital platforms create value by facilitating exchanges between two or more interdependent groups
ISSUED BY THE INFOCOMM MEDIA DEVELOPMENT AUTHORITY
About Infocomm Media Development Authority (IMDA)
The Infocomm Media Development Authority (IMDA) leads Singapore’s digital transformation with infocomm media. To do this, IMDA will develop a dynamic digital economy and a cohesive digital society, driven by an exceptional infocomm media (ICM) ecosystem – by developing talent, strengthening business capabilities, and enhancing Singapore’s ICM infrastructure. IMDA also regulates the telecommunications and media sectors to safeguard consumer interests while fostering a pro-business environment, and enhances Singapore’s data protection regime through the Personal Data Protection Commission.
For more news and information, visit www.imda.gov.sg or follow IMDA on Facebook IMDAsg and Twitter @IMDAsg.
For media clarifications, please contact:
Adrian CHAN (Mr)
Senior Manager, Communications and Marketing, IMDA
DID: (65) 6211 1510
Eugene NEUBRONNER (Mr)
Manager, Communications and Marketing, IMDA
DID: (65) 6211 1182
Hian Hou CHUA (Mr)
Deputy Director, Communications and Marketing, IMDA
DID: (65) 6202 4956
IMDA and United States Federal Communications commission signed MOU to promote bilateral cooperation
The Infocomm Media Development Authority (IMDA) of Singapore and the United States Federal Communications Commission (FCC) have...
Nominations for 3rd edition of 100 Women in Tech list now open
Public invited to nominate women who are making an impact on Singapore’s tech industry “Girls in Tech” category returns for female...
Singapore and the European Free Trade Association launch negotiations on Digital Economy Agreement
Singapore and the European Free Trade Association (EFTA) have launched negotiations on an EFTA-Singapore Digital Economy Agreement...
Singapore and the European Union Sign Digital Partnership
Minister-in-charge of Trade Relations S Iswaran and European Commissioner for Internal Market Thierry Breton signed the...
Singapore firms can now tap on Temus-IMDA's talent conversion programme to fill tech roles
Singapore’s Minister for Communications and Information Mrs Josephine Teo officiated the launch of Temus’ Step IT Up programme...
Enhanced measures against scam SMS
As part of the measures announced by the Infocomm Media Development Authority (IMDA) in October last year, all organisations that...
IMDA and ACMA signed Memorandum of Understanding for enhanced cooperation to combat scam and spam communications
Infocomm Media Development Authority (IMDA) and Australian Communications and Media Authority (ACMA) signed Memorandum of...
The Korea-Singapore Digital Partnership Agreement Enters into force
The Korea-Singapore Digital Partnership Agreement (KSDPA) will enter into force on 14 January 2023. The KSDPA was signed by Second...
IMDA announces a $5 million fund to support Singapore’s media industry to adopt virtual production
To ensure that the local media industry remains competitive as the international partner of choice to create premium IP, the...
20 Industry Digital Plans, which have contributed to the uplifting of more than 85,000 businesses, will be progressively refreshed, with the Food Services Sector being the first to benefit from the refreshed model
The refreshed Food Services Industry Digital Plan will include a refreshed Digital Solution Roadmap, introduction of a roadmap...