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The initiatives expand the scope of the $100 million Aviation Development Fund set up to develop the Singapore aviation industry.
For the aviation industry in Singapore to enhance its competitiveness, the industry needs to raise its productivity and increase its access to new markets and business opportunities. To this end, the Civil Aviation Authority of Singapore (CAAS) has expanded the scope of the programmes under its Aviation Development Fund (ADF), with the enhancement of the Aviation Innovation Programme (AIP) and the addition of the Aviation Promotion Programme (AProP). The ADF programmes will enable the sustained, longterm growth of the Singapore aviation industry in the dynamic global aviation landscape.
The programmes were announced by Mr Lui Tuck Yew, Minister for Transport and Second Minister for Foreign Affairs, at the Aviation Community Reception (ACR), held at the Red Dot Design Museum.
“The global aviation landscape is increasingly marked by challenges, demands and pressures, requiring aviation companies to stay ahead in the highly competitive environment. The two initiatives launched under the Aviation Development Fund will provide platforms for aviation companies in Singapore to grow their businesses and keep Singapore at the forefront of aviation.” Said Mr Yap Ong Heng, Director-General, CAAS.
Enabling Singapore companies to expand business horizons M4 AProP is the fourth initiative under the ADF1, with a budget of S$5 million from 1 April 2012 to 31 March 2015. Open to Singapore-registered companies, organisations and industry trade associations, AProP aims to strengthen the Singapore aviation brand and help Singapore companies to expand their reach in international markets and their access to business opportunities. The AProp will assist Singapore companies to showcase their products and services at major international trade shows. Singapore companies will be encouraged to exhibit under a Singapore Pavilion, contributing to enhancing our position as a comprehensive aviation hub. AProP will also encourage the adoption of international best practices at the cluster level by supporting business missions, study trips and consultancy studies by Singapore companies, organizations and industry trade associations.
Another platform to raise industry productivity 5 The AIP has been expanded to bolster the productivity of the Singapore aviation industry. Launched in 2010 with a budget of $25 million over 5 years, the AIP seeks to encourage organisations to embark on innovative projects, initially to develop new or enhanced capabilities. With its enhanced scope, the AIP will now also support companies embarking on projects geared towards achieving transformative productivity goals, i.e. significant and sustainable productivity gains of at least 20%. These can include process reengineering, the adoption of new technologies and the development of new tools to increase operational efficiency. The programme continues to be open to all Singaporeregistered
companies and organisations and those with a presence in Singapore; including institutes of higher learning and research centres.
Process Innovation Chllenge
In 2011, along CAAS’ efforts to bolster the aviation industry’s productivity, CAAS launched the Process Innovation Challenge to encourage aviation companies to implement “quick win” projects to improve their productivity. The top 8 projects received funding of up to $50,000 each. These companies will now share their projects via various industry platforms, including a Productivity in Aviation Seminar to be held in July 2012, to facilitate intra-industry learning and accelerate the adoption of productivity improvement initiatives across the aviation sector in Singapore.
Theodore is the Co-Founder and Managing Editor of TravelDailyNews Media Network; his responsibilities include business development and planning for TravelDailyNews long-term opportunities.
