AAIS International Networking Lunch & Spotlight Sessions

The Singapore Pavilion continued to buzz with activities on Day 2, kicking off with the AAIS International Networking Lunch.

Held on the astroturf of the Seletar-themed JTC booth, the luncheon saw exciting announcements, new connections and exchanges between attendees comprising AAIS members and partners, Singapore Pavilion exhibitors, as well as visiting delegations from Australia, Canada, France, Japan, and the USA.

Launch of Aerospace Open Innovation Challenge

A highlight of the event was the launch of the Aerospace Open Innovation Challenge (AOIC) which aims to foster collaboration and innovation between industry players and promising startups and SMEs within the aerospace industry. The AOIC is an initiative by JTC Corporation and Enterprise Singapore with support from AAIS and EDB and the first aerospace-focused innovation challenge in Singapore of such scale. Seven global aerospace companies  – Airbus, Bell Textron, Collins Aerospace, GE Aerospace, Jet Aviation, Singapore Component Solutions, and ST Engineering Commercial Aerospace – have issued 12 challenge statements in the areas of sustainability, productivity, and digitalisation. Startups and SMEs are invited to trial and scale their solutions, with more than S$500,000 in grants available to support the co-development and piloting of solutions. Corporates will also lend expertise and resources to nurture promising SMEs and startups in the aerospace field.

Find out more about the AOIC here: https://aerospace.innovation-challenge.sg/en/challenges/aerospace-open-innovation-challenge-2024 

HCAA-SIMC MOU on Specialised Mediation Framework for Aviation

A second highlight of the lunch programme was the signing of a Memorandum of Understanding (MOU) between two alternative dispute resolution institutions seated in Europe and Asia. A collaboration between the Hague Court of Arbitration for Aviation (HCAA) and the Singapore International Mediation Centre (SIMC) marks Asia’s first specialised mediation framework for the aviation industry. It promises a fast, flexible, and cost-effective mode of dispute resolution, crucial for the fast-paced and mission-critical aviation sector. Through the MOU, Hague CAA and SIMC will promote the incorporation of suitable model dispute resolution clauses in Asia’s aviation industry and collaborate on joint events and training opportunities.

Following these announcements, attendees engaged in valuable networking opportunities over a delectable lunch spread. Amidst the lively conversations, guests also took some time to explore the diverse offerings showcased at the Singapore Pavilion.

Spotlight Sessions @ Singapore Pavilion