gia: Singapore to set up more Global Innovation Alliance nodes in India cities beyond Bengaluru | India News – Times of India

NEW DELHI: will set up more Global Innovation Alliance (GIA) nodes in Indian cities like the one it had set up in Bengaluru two years ago. The Alliance will help start-ups expand their businesses to cities across the globe by connecting to mentor networks and relevant ecosystem players by benefiting from Singaporean tech companies as well as small and medium-sized enterprises (SMEs).
Referring to the GIA node in Bengaluru, Singaporean minister for transport and minister-in-charge of trade relations, S Iswaran, said more GIA nodes will be established in Indian cities for SMEs and start-ups to scale up by using Singapore as a springboard for operations in Asia and the world.
He was addressing the 28th edition of DST-CII India-Singapore Technology Summit on Wednesday. Launched in 2017, the GIA is a tech startup network, connecting Singapore with the tech ecosystem across many cities across the globe. It aims to strengthen Singapore’s connections to major innovation hubs around the world through creating an exchange of ideas and knowledge to promote innovation.
Besides Bengaluru, the cities which are currently in the GIA network include Beijing, Shanghai, Paris, Berlin, Munich, Jakarta, Tokyo, Bangkok, Ho Chi Minh City and San Francisco.
Iswaran said that bi-lateral trade between India and Singapore increased by 35% from 19.8 billion dollars to 26.8 billion dollars from 2020 to 2021. He also flagged three key areas of future cooperation like D-Tech using AI for smart cities, for carbon mitigating technologies in aviation and transport sectors, and joint projects on genome and bioinformatics research.
Addressing the Summit, S Chandrasekhar, secretary, department of science and technology (), said India has taken up many missions on innovation right from school level to explore new opportunities. He said innovation has high risk for investments, but rewards are also very high in this sector.