Cleantech to Singapore

Program dates

April - June 2024

Key event

CleanEnviro SummitExternal Link, Singapore (CESG), 19-21 June, 2024

In-person attendance at the event is required 

Why this market

Singapore is poised to become the leading sustainability innovation hub in the ASEAN region. As a small, low-lying island nation with limited access to low-carbon energy resources, Singapore is forging the path to a sustainable future and actively pursuing innovative solutions at scale to help organisations meet their climate goals. The Singapore Government provides incentives and support to enable companies to adopt low-carbon technologies and practices towards a net-zero future.

Singapore has developed close bilateral relationships with international markets to launch new sustainability initiatives. For example, the Singapore-Australia Green Economy Agreement (GEA)External Link, established in 2022, lays the foundation for greater collaboration to drive growth while reducing emissions. This only builds on Australia’s substantial bilateral relationship with Singapore and existing areas of cooperation, such as the Singapore-Australia Free Trade AgreementExternal Link.

This context provide significant opportunity for NSW net-zero and clean technology companies to assist Singapore and the broader ASEAN region with its transition needs.

With its supportive and innovative policy and financing environment, NSW companies can use Singapore as a springboard for their cleantech ventures, accessing a vibrant ecosystem of 7,000 multinational companies, 4,000 startups, 200 venture capital firms, and over 200 accelerators, many of which are increasingly focused on cleantech and sustainability.

Curriculum

Introductory sessions:

• Welcome session – early April 2024
• Introduction to Singapore market
• Access to 13 self-serve factsheets developed by the Export Council of Australia exclusively for Going Global participants
• Access to Intellectual Property protection briefings from IP Australia

Market intelligence briefings and cultural training: 

• Sector-specific insights and expansion opportunities
• Briefings on setting up in Singapore (business registration, tax and structure)
• Raising capital in the Singapore (preparation, representation and legal)

Potential partner search and introductions:

• In-person participation at event with on-the-ground in-market assistance and logistical support from Investment NSW
• Targeted business meetings and networking opportunities

Ongoing advice and follow up

• Ongoing support provided by a dedicated NSW Government Export Adviser.

We estimate you will invest 8 hours on our educational/training programs prior to travelling in-market. This does not include any optional activities or work your business may need to do outside of sessions. 

*Final dates are to be confirmed and the curriculum is subject to change

Participation requirements and success factors

Eligibility for the overall Program

• Have headquarters in NSW
• Have a valid Australian Business Number (ABN) registered for NSW 
• Be export-capable and export-ready 
• Have an employee number between 5 and 199 full-time equivalent (FTE) employees 
• The product or service must be produced primarily in NSW
• The product or service is achieving sales already
• Have a website featuring the product or service
• Be prepared to adapt the product or service for the new market
• Be flexible regarding market-entry method
• Have resources to support marketing and development for a new market
• Be willing to travel to the selected market and/or to Sydney for events, and must cover own travel expenses.

Note this program is designed for NSW businesses who produce and own their own brand. This program is not for aggregators, traders, or businesses who sell services to exporters

Additional eligibility requirements for this stream

• As this is a market-entry program, exporters should generally not already be earning more than $500,000 (AUD) from Singapore-based customers in the last financial year
• Already generating revenue or already have funding to support Singapore/South East Asia expansion
• Clear pathway to profitability or already a profitable business
• Already identified potential customers / partners in the Singapore/South East Asia- and/or some market traction

Scaleups and established SMEs would be the most suitable fit for this market.

The ideal participant

The ideal participant should demonstrate a:

• Unique and innovative clean technology product and/or service
• Compelling proposition for the Singapore/ASEAN market and established a Singapore/ASEAN product-market fit
• Commitment to scale to Singapore/ASEAN within the next 12 months

Ideal product categories should align with buyer interests for the CleanEnviro Summit and Innovation/Startup Pitches in areas such as:

• Climate Action:  sustainable energy providers, sustainability services, pollution monitoring systems, carbon mitigation systems
• Resource circularity: waste-to-energy systems and technologies, waste management systems and digital or IoT systems for resource efficiency
• Public Hygiene: cleaning/disinfection management systems, solutions, technologies, systems and equipment.

Businesses not eligible for this stream

Applicants who have not previously participated in a Going Global Program to Singapore will be given priority to participate in this stream.

Apply

Applications closed on Sunday 31 March 2024.

Note:  Apply for your preferred market - you can generally only apply for and participate in one Going Global stream per financial year.