Singapore’s role in the hub for open innovation
Singapore is ranked first in the World Economic Forum’s 2019 Global Competitiveness Report. The country’s competitiveness stems from its strategic location, competitive workforce, pro-business environment, and forward-looking economic policies. With a strong track record for open innovation, Singapore is an ideal location for Hyundai to test transformative ideas through HMGICS.
As part of its Smart Nation initiative to drive the adoption of digital innovation across multiple industries, Singapore is actively fostering the use of digital technologies such as AI, digitalization, and smart urban mobility.