New Tech.Pass will create a flywheel effect: Chan Chun Sing


Sylvester Stallone has role in James Gunn’s…
Hidden Seletar cafe has chill outdoor se…
SpaceX aims for night crew launch, Musk…
Leaked specs of the Samsung Galaxy S…
Biden advisers to meet vaccine firms as…
Wendy’s Is Bringing Back This Popular…
These Drumstick Mini Drums Are Perfect For…
The First 10 Things You Need to Do in an…
Hyundai Motor Group to launch NVIDIA
Key West residents voted to ban large…
Why the Pfizer-BioNTech vaccine is…
Wilde shares photo of kids amid split from…
Men need to open up about mental health…
Questions remain as Bushiri’s Malawi trip…
How to watch SpaceX’s first operational Crew…
What The Crown Gets Right & Wrong About…
Restaurants are setting up tents and …
The Most Likely Stars of Chelsea’s 2020/21…
More wealthy travelers are turning to private…
The New S$868 Surface Laptop Go Is Here To…
Lesley Manville was inspired by Kevin…
Digital nomads find opportunities during…
Peru’s interim president Manuel Merino…
The best apps to send self-destructing…
Exclusive: Chile health minister hopes Biden…
Trust in vaccines vital to halting pandemic
This bourbon cider cocktail is the perfect…
Liverpool hit with new injury scare
Car travel won’t see a huge drop this…
Little India feels far from festive
YoonA’s millions of fans can now know much…
Marie-Antoinette’s silk slipper fetches $50,000
iFixit’s iPhone 12 mini teardown looks at…
SIA prices $850m convertible bonds at…
Exercise classes reduce loneliness and social…
This Soul Food Chain Is Planning to Open 200…
Gareth Southgate opens up on awkwa…
Should SG swallow cost of migrant workers’ meals?
Olivia Wilde Ditches Her Engagement Ring After Jason Sudeikis Split
Singapore — Tech.Pass, a new work pass designed to attract top tech talent from around the world, will be open for applications from January next year, according to an announcement by the Economic Development Board (EDB) on Thursday (Nov 12).
Under this scheme, aimed to bolster the country’s tech ecosystem, applicants do not need to be sponsored by a firm. Furthermore, it allows holders to be flexible in business operations in that they can be an investor, employee, consultant or director in one or more Singapore-based companies, mentoring start-ups and lecturing at local universities.
The new pass, with an initial 500 places, will be valid for two years, according to the EDB.
And while some locals have been unhappy with the level of competition they have faced from foreigners especially amid uncertain economic times, the Tech.Pass should not add to these concerns since it does not apply to mid-tier tech levels where competition has been intense.
Instead, the pass is aimed at those who have proven themselves in contributing significantly to the global technology ecosystem, which is aligned with the Government’s thrust to become the innovation and technology hub in the region.
This endeavour has been evident in the past few years, with Facebook, Google, Alibaba and Tencent among the tech giants who have found their way to Singapore, in large part due to incentives and grants, according to scmp.com.
Trade and Industry Minister Chan Chun Sing said at a closed-door dialogue with the European Chamber of Commerce on Thursday (Nov 12): “Tech.Pass will add to the critical mass of established tech talent in Singapore and create a flywheel effect to further strengthen our position as a leading tech hub for the region.”
And in a Facebook post on the same day, he said: “Tech.Pass is a targeted programme that seeks to attract top-tier tech talent with experience in established or fast-growing tech companies globally, so as to facilitate knowledge exchange with our local talent and contribute to the development of Singapore’s tech ecosystem.”
Singapore has been hard-hit by the economic fallout of the Covid-19 pandemic, seeing job losses amid fears of locals losing their jobs to foreigners. And while the Government has been supportive towards citizens, it has also reiterated Singapore’s need to stay open to foreign talent. /TISG
A more complete measure of ESG in Mexico
OBD2 Diagnostic Tool