The MOUs were focused on boosting collaboration between both organisations for training and innovating to create more opportunities for workers and other organisations in both countries.
“Singapore’s strong technical capabilities, intellectual property protection and highly-skilled talent pool will enable companies like Bosch to innovate and develop new ventures from Singapore, capturing opportunities emerging in the region for long-term growth,” Gian Yi-Hsen, Executive Director, Conglomerates, EDB.
One of the MOUs signed was for the provision of training attachments to ITE students by Bosch Rexroth, which will take place at Bosch Rexroth’s Academy campus. The partnership is focused on encouraging cross border vocational education exchange in areas such as Industry 4.0, IoT and connected hydraulics.
This exchange program will centre on the field of mechanical and mechatronics engineering. This will allow for students of Bosch Rexroth and ITE to acquire technical skills and expertise beyond the common knowledge shared in the present environment.
They will also be made aware of the different approaches to Industry 4.0 and gain a better cultural perspective while enhancing their language skills.
Over a five-year period starting from 2020, the exchange program will see ITE students given the opportunity to take on a two to three weeks assignment at various Bosch Rexroth locations in Germany.
While at that, ITE will provide and arrange training attachment places at its Singapore location for students of Bosch Rexroth Academy. The training programmes will include the implementation of practical examples from various production areas such as manual workplaces and fully automated production.
Furthermore, the students will also benefit from state-of-the-art e-learnings and training systems of the Bosch Rexroth Academy.
Another MOU saw the signing of agreement between Enterprise Singapore and Munich Network to set an innovation hub for GROW, Bosch’s global in-house innovation and start-up incubation network, which will enhance networking between Singapore and Germany.
Tech start-ups in Singapore and SMEs may also gain bigger opportunities for entering the German market.
It will also be made available to external corporates whom are keen on using Bosch’s agile business model development methodology which provides the validation of innovative ideas in a fast, structured and cost-efficient way.
“Singapore has developed a thriving start-up ecosystem in recent years and it is our goal to further strengthen the entrepreneurial landscape by becoming the go-to innovation launchpad for local and foreign Bosch entrepreneurs.”
The signing of these two MOUs were witnessed by Singapore’s President Halimah Yacob with Minister for Education Ong Ye Kung, President of Bosch Southeast Asia Martin Hayes and Member of the Bosch board of management Peter at the Bosch Internet of Things (IoT) Campus in Berlin.
This was Madam Halimah’s Yacob’s first state visit to Germany. It marks a historic milestone, as the first state visit to Germany by a Singapore President since both countries established diplomatic ties 54 years ago.
“I believe that this partnership will create new ventures in the digital field that enable us to stay ahead of the innovation game and shape Bosch’s future business development in the region,” said Mr. Peter Tyroller, member of the Bosch board of management.