Local Managing Director of a Repair and Overhaul company To remain competitive in this economic environment, we encourage SMEs to adopt an innovative mindset to do business differently for long-term growth Leung Wai Ling, Assistant Chief Executive, SPRING Singapore “ “ “ “ This is great! I have been trying for years to get all my managers to identify the big picture as a team and agree on a way forward About SIMTech About SIMTech The Singapore Institute of Manufacturing Technology (SIMTech) develops high value manufacturing technology and human capital to enhance the competitiveness of Singapore’s manufacturing industry. It collaborates with various multinational and local companies in the precision engineering, medtech, aerospace, automotive, marine, electronics, semiconductor, logistics, and other sectors. SIMTech is a research institute of the Agency for Science, Technology and Research (A*STAR). With a pool of more than 400 researchers, we are committed to serving the manufacturing industry with a three-pronged approach to develop the human, intellectual, and industrial capital in Singapore. About SPRING Singapore About SPRING Singapore SPRING Singapore is an agency under the Ministry of Trade and Industry responsible for helping Singapore enterprises grow and building trust in Singapore products and services. As the enterprise development agency, SPRING works with partners to help enterprises in financing, capability and management development, technology and innovation, and access to markets. As the national standards and accreditation body, SPRING develops and promotes an internationally-recognised standards and quality assurance infrastructure. SPRING also oversees the safety of general consumer goods in Singapore. Enhanced Operation and Technology Roadmapping (OTR) Website: www.spring.gov.sg Website: www.SIMTech.a-star.edu.sg Reduce risk Identify opportunity Plan for the future Why OTR? About Enhanced OTR Few companies and organisations plan for their long-term future. With global economic uncertainty, sustainability and growth are highly dependent on sound strategy and a unified company vision, which the Operation and Technology Roadmapping (OTR) process can provide. The Enhanced OTR helps small and medium-sized enterprises (SMEs) in Broad-based industries (e.g. Precision Engineering, Manufacturing, Chemicals) become product or process owners. This is achieved by leveraging our industry partners’ expertise in market and technology scanning capabilities. The OTR process was adapted from Cambridge University’s T-Plan. More than 300 companies have undergone the programme to innovate and transform themselves to be future ready. Under the guidance of our professional facilitators, the OTR process delivers a customised and well-defined roadmap with valuable input from key company representatives and A*STAR technology specialists. 5 Half-day sessions tailored FOR YOUR COMPANY Assessment • Introduction & Briefing • Scope of Roadmap Exercise • Team Members & Timeframe • Roadmap Objectives Market/Technology Drivers Game-Changing Products/Services • Technology Trends • New Products/Services/Business • Internal Business Drivers/Strategies Models Brainstorming • Customer Wants & Expectations • Prioritisation/Selection • Market Segments Enhanced OTR - Enabling “Go-To-Market” Enhanced OTR Phase 1 Phase 2 Develop Roadmap Kick-Start Initiative Deliverables •Identify Initiatives •Identify New Products for Technology Adoption •Market Analysis •Risk Analysis •Technology/Patent Search • Technology Feasibility Study Duration •5 half days over 1 month •4 months Parties Involved • Industry Partners - IHS - Frost & Sullivan - Nielsen - BMI Research •OTR Facilitators •Tech Specialists from A*STAR Project Cost Implementation •Adopt Technology •Develop New Product •Project with Research Institutes •6 months to 2 years •Initative Leads •Industry Development Managers •Technical Leads $25K How to Get Started? Cutting-Edge Technology & Resource • Technology & Solution Identification • R&D Programme Identification • Resources Identification • Clustering & Prioritising Construct the Roadmap • Internal Goals & Milestones • New Products/Services Introduction Milestones • Project Timeline Establishment OTR enquiries: Jeff Pan | Tel: 6590 3151 | Email: [email protected] | Website: www.a-star.edu.sg/simtech/Industry/Technology-Upgrade-GET-Up/OTR.aspx Singapore Institute of Manufacturing Technology (SIMTech) Funding? Partial SPRING funding for Enhanced OTR project costs is available, subject to your company’s eligibility and SPRING approval. CDG Website: www.spring.gov.sg/cdg. Tel: 6898 1800. Email: [email protected]
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