The Allan Labor Government is deepening its ties with Singapore to boost investment and turbocharge innovation in the health technologies, biomedical and renewable energy sectors – key drivers of Victoria’s economic growth.
The MoU will deepen strategic alliances between Singaporean and Victorian companies, fostering collaboration to explore new opportunities, share market insights, exchange expertise and broaden business networks across both regions, reaffirming support for businesses to expand and innovate in both regions.
It also seeks to enhance connections among companies, investors, and entrepreneurs – promoting commercial partnerships and driving investment in emerging technologies, with the biomedical and renewable energy sectors highlighted as key areas for collaboration.
EnterpriseSG, as Singapore’s trade and enterprise development agency, is recognised for its global experience and connections.
The Labor Government is driving economic growth, increasing investment and fostering innovation through its Economic Growth Statement, backed by $240 million in funding through the Victorian Budget 2025/26.