NTUC LHUB, UOB’s Innovation Accelerator The Finlab, Ngee Ann Polytechnic and NTUC U SME Announce Partnership To Digitalise 500 Companies by 2021 Through ‘Reboot’ Programme | Taiwan News

The programme brings collectively subject material experience of the companions to construct the digital competencies of Singapore’s workforce

SINGAPORE – Media OutReach – 9 March 2021 – NTUC LearningHub (NTUC LHUB), NTUC U SME, United Abroad Financial institution (UOB)’s innovation accelerator The FinLab, and Ngee Ann Polytechnic right this moment signed a Memorandum of Understanding (MOU) to formally launch the SME Digital Reboot programme. The programme goals to assist 500 corporations nationwide deepen their digital capabilities by the top of 2022, to ensure that them to remain related and aggressive in a remodeled enterprise panorama.

NTUC LHUB, UOB’s Innovation Accelerator The Finlab, Ngee Ann Polytechnic and NTUC U SME Announce Partnership To Digitalise 500 Companies by 2021 Through ‘Reboot’ Programme | Taiwan News

NTUC LearningHub (NTUC LHUB), United Abroad Financial institution (UOB)’s innovation accelerator The FinLab, Ngee Ann Polytechnic and NTUC U SME right this moment signed a Memorandum of Understanding (MOU) to formally launch the SME Digital Reboot programme.

NTUC LHUB, UOB’s Innovation Accelerator The Finlab, Ngee Ann Polytechnic and NTUC U SME Announce Partnership To Digitalise 500 Companies by 2021 Through ‘Reboot’ Programme

Trainees of the SME Digital Reboot programme studying examine the costs of groceries on-line utilizing Robotic Course of Automation (RPA).

Whereas the SME Digital Reboot programme is relevant to corporations of all sizes, the outreach efforts for which is able to focus strongly on Small Medium Enterprises (SMEs). Using greater than two-third of Singapore’s workforce, SMEs contribute an estimated half of Singapore’s Gross Home Product. Many SMEs consider digital transformation as an unique measure that solely bigger corporations can afford as they’re unaware of the help accessible to drive digital transformation in their very own SMEs. The SME Digital Reboot programme goals to create a mindset shift for SME employers, push for upskilling of SME staff, and assist SMEs create sustainable enterprise instruments for them to adapt to modifications. By a pilot programme, 40 corporations have benefitted from the ‘reboot’, turning digital disruption to digital help of their companies.

The SME Digital Reboot programme, which is led by NTUC LHUB, helps to synergise the distinctive strengths of key companions to uplift corporations to preserve tempo with the age of digitalization. This will likely be finished by means of an end-to-end resolution overlaying wants evaluation, curated coaching programmes and office studying classes.

Firstly, NTUC U SME will leverage their broad community of SMEs and associations to spice up outreach efforts. Secondly, with The FinLab’s experience in supporting ASEAN SMEs with their enterprise transformation journeys, the organisation will present corporations entry to a variety of digital assets and instruments on The FinLab On-line designed to assist them perceive their enterprise wants and to find out a sustainable digitalisation technique. Thirdly, NTUC LHUB and NP will present coaching throughout 5 tracks together with Digital Communication and Collaboration, Workflow Automation, Course of Automation, Knowledge Processes and Visualisation, and Digital Advertising and marketing. Lastly, to make sure that the studying could be utilized successfully, the programme consists of on-ground implementation assist by means of office studying classes by NP lecturers, graduates and college students (Annex A).

A key group benefitting from the pilot is the Affiliation of Employment Businesses Singapore (AEAS), the one trade affiliation representing employment businesses in Singapore. AEAS members are made up of manpower-lean employment businesses the place employees coaching absenteeism is seen as manpower prices incurred. Beneath the programme, AEAS members could be supplied employment advisory for coaching, coaching programs for employees and the appropriate instruments to kickstart their digital transformation. Having benefited as one of many early adopters of the SME Digital Reboot programme, AEAS signed a MOU with NTUC U SME right this moment as a pledge to assist extra of their members kickstart their digital transformation by means of this programme.

Quotes by Key Representatives of SME Digital Reboot Programme

Ng Chee Meng, Secretary-Basic of NTUC

“NTUC, LHUB and our unions will proceed to companion with our employers to rework their workforce as know-how is quick evolving the office and enterprise operations. Because the highway to digitalisation gathers tempo, I’m assured that with SME Digital Reboot programme’s launch, our SME employers may have a constructive mindset shift and achieve confidence in investing of their employees, upskill their digital expertise to stay related and preserve tempo with the instances. Concurrently, we’ll speed up our SMEs’ and firms’ transformation by constructing digital competencies that are very important in driving Singapore’s remodeled enterprise panorama.”

Eugene Wong, Chairman of NTUC LHUB

“SMEs are key engines of our economic system, but 40% of SMEs surveyed cited the dearth of assist and experience as limitations to digitalisation. Because the digital wave sweeps over Singapore, it’s essential for SMEs to successfully reboot their companies to remain aggressive and drive Singapore’s progress. Transformation is a steady journey, and NTUC LHUB is dedicated to serving to SMEs construct future expertise that align with industrial modifications. The strategic partnership with The FinLab and Ngee Ann Polytechnic to roll out a structured SME Digital Reboot program will empower organisations to take the first step of their digital transformation technique by constructing in-demand expertise to navigate in the direction of digital success. NTUC LHUB endeavours to proceed increasing our ecosystem of companions to rework employees for a remodeled future.”

Yeo Wan Ling, Director NTUC U SME

“NTUC U SME is dedicated to offering focused help to our companion SMEs, to assist their employees upskill and their firm remodel digitally to adapt within the post-COVID-19 world. SMEs are one of many key pillars of Singapore economic system using a big portion of Singapore’s workforce. With the added enhance from the current Singapore Finances 2021, I hope to have interaction extra corporations and associations like the Employment Businesses (Singapore) to assist them innovate and improve their productiveness.”

Janet Younger, Co-founder and Director, The FinLab

“COVID-19 has made digital transformation crucial and therein lies the important want to assist SMEs not solely to climate the speedy influence on their companies however to thrive in a remodeled world. To do this, we’re tapping the expertise of NTUC LHUB, NTUC U SME and Ngee Ann Polytechnic along with UOB’s experience and The FinLab’s suite of digital assets and group of trade consultants to supply SMEs the steerage they should digitalise sustainably. Drawing on UOB’s intensive SME community in Singapore and ASEAN, we’ll proceed to broaden our attain to assist extra corporations profit by means of the SME Digital Reboot programme.”

Clarence Ti, Principal of Ngee Ann Polytechnic (NP)

“We’re honoured to be a part of this programme to supply a one-stop resolution to assist SMEs efficiently digitalise and remodel. By combining coaching, consultancy and solutioning, this programme takes a holistic strategy which we consider will drastically profit SMEs. To make sure an efficient implementation of digital options, NP has tailored the coaching pedagogy within the type of use-case playbooks and finest practices. NP can be wanting ahead to providing post-training session and steerage to assist SMEs roll out their digital options easily. Being a part of the SME digitalisation journey not solely presents an awesome alternative for our employees, college students and alumni to contribute our experience, but in addition permits us to construct up further use circumstances to additional improve our coaching programmes on this space.”

Corporations are inspired to leverage the accessible SkillsFuture Singapore (SSG) Funding to enroll into the programme. For extra data, please go to: https://www.ntuclearninghub.com/digital-reboot-digitalise-your-business-today/

Chinese language Names and Phrases 中文名称与词汇

Time period

Translation

Nationwide Trades Union Congress (NTUC)

全国职工总会 (职总)

The FinLab

大华银行(UOB)创新实验室FinLab

Ngee Ann Polytechnic

义安理工学院

NTUC U SME

职总U中小企业协作平台

NTUC LearningHub

职总恒习

SME Digital Reboot

中小企业数码重启

Clarence Ti

Principal, Ngee Ann Polytechnic

郑文辉

义安理工学院校长

About UOB’s Innovation Accelerator The FinLab

Based in 2015, The FinLab is an innovation accelerator powered by UOB and SGInnovate for fintechs and start-ups to develop fit-for-market options. In 2018, it expanded its scope to assist small- and medium-sized enterprises (SMEs) to rework their companies. In 2019, to assist the wants of SMEs within the area and to serve UOB’s massive SME buyer base, The FinLab expanded to different ASEAN markets. The FinLab is presently current in three international locations –Singapore, Malaysia, and Thailand–to assist companies scale throughout ASEAN by connecting them to trade consultants, mentors and facilitating the appropriate know-how options to energy their progress, maximise their effectivity and allow long-term success.

In 2020, The FinLab On-line was launched to allow extra companies to faucet on the data, instruments and assets from The FinLab’s regional community established through the years.

About Ngee Ann Polytechnic

Ngee Ann Polytechnic began in 1963 and is right this moment one in every of Singapore’s main establishments of upper studying with over 14,000 enrolled college students in over 30 disciplines. It seeks to develop college students with a ardour for studying, values for all times, and competencies to thrive in a worldwide office.

For extra data, go to: http://www.np.edu.sg

About NTUC U SME

Established in 2014, NTUC U SME is a Labour Motion initiative to assist small and medium enterprises (SMEs) deal with important points and challenges. By working with SME enterprise leaders and human assets practitioners, U SME strives to satisfy the targets of constructing:

Each SME a greater SME, Each SME job a greater job, Each SME employee a greater employee

By NTUC’s community of affiliated unions and associations in addition to companions for a variety of companies and assets by way of the NTUC-led U SME, SMEs can now obtain the next:

Office Safety for the pursuits of SME employeesProgression alternatives for SME staff to develop future-ready ability setsPlacement programmes to nurture and to achieve out to new talentPrivileges to supply aggressive employees welfare advantages

SME enterprise leaders with U SME can even faucet into alternatives for enterprise progress:

Big selection of management and administration programmes to arrange SME enterprise leaders to be future-ready Enterprise advisory and productivity-related grants to help SME enterprise leaders to rework their companies Occasions and actions akin to SME Symposium and Studying Journeys to realize new data and contacts

About NTUC LearningHub

NTUC LearningHub is the main Persevering with Schooling and Coaching supplier in Singapore which goals to rework the lifelong employability of working individuals. Since our corporatisation in 2004, we’ve got been working employers and particular person learners to supply studying options in areas akin to Cloud, Infocomm Expertise, Healthcare, Employability & Literacy, Enterprise Excellence, Office Security & Well being, Safety, Human Sources and Overseas Employee Coaching.

So far, NTUC LearningHub has helped over 25,000 organisations and achieved over 2.5 million coaching locations throughout greater than 500 programs with a pool of over 460 licensed trainers. As a Complete Studying Options supplier to organisations, we additionally forge partnerships and provide a variety of related end-to-end coaching options and work continuously to enhance our coaching high quality and supply. In 2020, we’ve got accelerated our foray into on-line studying with our Digital Stay Lessons and, by means of working with best-in-class companions akin to IBM, DuPont Sustainable Options and GO1, asynchronous on-line programs.

For extra data, go to www.ntuclearninghub.com.

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