Prince Daniel carries out an entrepreneurial trip to Singapore

On Tuesday 21 and Wednesday 22 May, Prince Daniel visited Singapore together with a delegation consisting of young entrepreneurs and business leaders linked to Prince Daniel's Fellowship. The aim of the visit was to gain an insight into Singapore's business climate, focusing on start-ups and innovation.

Singapore is consistently ranked as one of the world's most innovative countries, and more than 250 Swedish companies are established here.

Presentation of the Port of Singapore. Photo: Clement Lim/The Swedish Embassy in Singapore

The Port of Singapore

On the first morning of the trip, the delegation visited the Port of Singapore, one of the world's busiest ports, where they gained an insight into the port's complex logistics system.

Prince Daniel thanks the hosts at NTU. Photo: Qashrul Hidafi/Nanyang Technological University

Nanyang Technological University

During the morning, The Prince and the delegation were welcomed to Nanyang Technological University (NTU). NTU was founded in 1991, and is one of the world's leading educational institutions. Professor Subra Suresh, President of the university, gave a presentation to the group about NTU's innovation and entrepreneurship programme.

The Prince speaks with Tharman Shanmugaratnam, Singapore's Senior Minister and Coordinating Minister for Social Policies. Photo: Clement Lim/The Swedish Embassy in Singapore

Ministerial meeting

In the afternoon, the delegation met Tharman Shanmugaratnam, Singapore's Senior Minister and Coordinating Minister for Social Policies, for a discussion on innovation and entrepreneurship in Singapore. The discussion was moderated by Marcus Wallenberg, Chairman of Prince Daniel's Fellowship.

Sami Jääskeläinen presents the Nordic Innovation House. Photo: Clement Lim/The Swedish Embassy in Singapore

The Nordic Innovation House

The Nordic Innovation House was then presented to the group. This is a meeting place for small and medium-sized Nordic businesses to share their experiences and get help in the Singaporean market. Representatives from a number of Nordic companies had the opportunity to present their businesses and to talk about their experience of working in Singapore.

In the evening, Ambassador Niclas Kvarnström hosted a reception in connection with Prince Daniel's Fellowship's visit. Photo: Clement Lim/The Swedish Embassy in Singapore

Reception at the Swedish residence

During the evening, Sweden's ambassador to Singapore, Niclas Kvarnström, hosted a reception at the Swedish Residence. The reception was attended by guests including Singaporean representatives, Swedish businesses operating in the country and the Nordic ambassadors.

During the reception, Prince Daniel gave a speech in which he said:

"In 1966 Sweden recognised Singapore. But our relations, of course, go back much further. Swedish ships started sailing here in the 19th century. Since then our relations have been rooted in trade.

"Even though our nations differ in many ways, we have a lot in common. We are both countries with small populations and are highly dependent on export. We know that our countries would never survive if we only produced goods for the domestic market.

"This strong belief in free trade and our openness to the world and entrepreneurship has taken Sweden to where we are today, and I believe, also Singapore.

"We have come here to get to know your market.

"We have come here to establish new relations.

"And above all, we have come here to learn from you."

Read the speech in full hereopens in new window.

Marcus Wallenberg, Chairman of the Steering Group for Prince Daniel's Fellowship, Prince Daniel and Piyush Gupta, CEO of DBS. Photo: David Chang/The Swedish Embassy in Singapore

Bank visit

The trip continued on Wednesday morning when the delegation visited DBS Bank. DBS is Southeast Asia's biggest bank, and a leader within digitalisation in the banking sector.

The delegation visits Temasek, a Singaporean international investment company. Photo: David Chang/The Swedish Embassy in Singapore

Temasek

The morning also included a visit to Temasek. Temasek was founded in 1974, and is a state-owned Singaporean international investment company.

After an introduction and discussions, the delegation's Anna Stenberg from WES and David Frykman from the Norrsken Foundation gave a presentation of Sweden's start-up ecosystem to representatives from Temasek.

Prince Daniel speaks with Zee Yoong Kang from the Singapore Health Promotion Board. Photo: David Chang/The Swedish Embassy in Singapore

Discussion on exercise and health

Lunch was followed by a visit to the Singapore Botanic Gardens. While the delegation was given a guided tour, Prince Daniel met Zee Yoong Kang from the Singapore Health Promotion Board. The discussions focused on a programme and activities to persuade young Singaporeans to live an active and healthy life. Prince Daniel also had the opportunity to talk about the work involved in the Healthy Generation Foundation and Generation Pep.

Prince Daniel visits Hooi Ling, founder of the mobile app Grab, a Singaporean 'unicorn'. Photo: David Chang/The Swedish Embassy in Singapore

Visit to GRAB

Later on in the afternoon, The Prince and delegation visited GRAB. The company runs an app that offers services within transport, food, phone payments and other payment solutions to millions of Southeast Asians.

Prince Daniel speaks with President Halimah Yacob. Photo: C. Hwee/Ministry of Communications and Information, Singapore

Presidential visit

The Prince then paid a courtesy visit to Singapore's President Halimah Yacob. During their discussions, The Prince spoke about Prince Daniel's Fellowship and the visit to Singapore.

The delegation concluded by visiting the Singapore Economic Development Board. Photo: David Chang/The Swedish Embassy in Singapore

The Singapore Economic Development Board

The trip to Singapore then concluded with a question and answer session at the Singapore Economic Development Board, a state agency within the country's Ministry of Trade and Industry. The session, which covered topics including Singapore's position as a global hub for innovation and entrepreneurship, was moderated by Ambassador Niclas Kvarnström.