Launch of New Online Digital Resource to Boost Singapore's Medtech Sector

Online, June 2, 2013 (Newswire.com) - - Where can overseas corporations find relevant and accurate information to evaluate medtech investment projects in Singapore?

- Who are the local companies that provide medtech-related products and services?

- How can a medtech entrepreneur efficiently set up a local manufacturing or research operations?

- How can Singapore medtech companies boost their marketing and business development productivity?

These are just a few of the questions that the Singapore Medtech Portal (URL: http://www.medtech.sg) aims to address. Set up by AsiaPac Bio LLP, this new website features relevant business and industry information as well as a comprehensive online medtech company directory. The portal targets local and overseas business users in the medtech sector.

The key sections of the Singapore Medtech Portal are:

INVEST - provides information and data on the local business operating environment that are relevant to overseas companies considering investing in Singapore.

RESEARCH - offers information on the medtech research scene that is useful to companies seeking R&D partners or initiating R&D activities here.

SETUP - gives comprehensive guidelines and best practices in setting up operations in Singapore in a range of topics including licenses and permits, human resources and bio-logistics.

DIRECTORY - provides up-to-date contact information and profiles of medtech companies, organisations, service providers, suppliers and distributors.

This free-to-use portal aims to be a one-stop information resource on Singapore's medtech sector, linking up the local community with the global industry. It provides regularly updated information and data on Singapore's medtech industry which will be critical for overseas players who are keen to establish operations here. It will also be an important channel which local companies can leverage upon to proactively reach out to potential local and overseas customers.

"Singapore's medical technology industry almost tripled its total output over the past decade, to S$4.3 billion in 2012. This robust growth is supported by an ecosystem of home-grown start-ups, clinical and research institutions, as well as leading multinational corporations. The Singapore Medtech Portal will be a useful information resource for businesses to link up with investment and partnership opportunities in Singapore," said Mr Kevin Lai, Director, Biomedical Sciences Group, Singapore Economic Development Board.

"To stay ahead of the competition in the biomedical scene, it is imperative for our local enterprises to continuously enhance their business capabilities and devise clear market development strategies for growth, apart from strengthening their technical expertise. To support our biomedical enterprises in these efforts, SPRING works with partners to develop platforms such as the Singapore MedTech Portal that helps to facilitate strategic business and technology partnerships within the community," said Ms Samantha Su, Director, Services and Biomedical, SPRING Singapore.

"From the perspective of a Singapore SME, this new portal is a practical way for us to reach out to the global market. I see it as a platform to generate more awareness and present our company to potential clients and partners overseas," said Mr Tan Kae Yuan, CEO, REKA Health Pte Ltd, a medtech company that is developing and marketing interactive health technology solutions.

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About AsiaPac Bio LLP
AsiaPac Bio LLP (APB) is an information services and consulting firm focused on the biomedical sciences industry in Asia. Leveraging on our in-depth knowledge of operations setup and regional business environment, we help companies to expand their manufacturing, R&D and business activities in Asia and beyond. APB also develops e-information platforms for investors and businesses to acquire critical information about the biomedical sciences sectors in selected Asian countries.