The Rise of One North
One North Singapore is a world-renowned research and development hub. It is home to over 400 companies, including some of the biggest global players in the tech and biomedical sectors, such as LinkedIn, P&G, and GlaxoSmithKline. One North is much more than an industrial park; it is a creative ecosystem that fosters collaboration, innovation, and entrepreneurship.
Strong Government Support
The Singaporean government has placed a high priority on developing One North as a strategic business location. To achieve this, it has implemented policies and initiatives that have attracted significant investment and talent. For instance, One North benefits from grants and subsidies for research and development, technology deployment, and manpower development. Additionally, the government has set up several labs and innovation centers in One North, such as the Advanced Remanufacturing and Technology Centre and the Centre for Healthcare Innovation.
Thriving Biomedical Ecosystem
One North has a strong focus on the biomedical sector, which is reflected in its wide range of facilities and resources. These include biomedical labs, clinical trial centers, and biomedical startups incubators. The Singaporean government has made a significant investment in developing the biomedical industry in One North, and it has paid off. According to a report by Singapore’s Economic Development Board (EDB), the biomedical sector generated S$31.4 billion in output in 2020, accounting for around 4% of Singapore’s GDP.
Innovation-Driven Real Estate Projects
One North is also home to several innovative real estate projects, such as the JTC LaunchPad @ One-North. This project provides a co-working space for startups, entrepreneurs, and innovators. JTC LaunchPad @ One-North comprises six blocks covering 67,000 sqm and has facilities that include offices, meeting rooms, labs, and maker spaces. Another exciting real estate project in One North is the Fusionopolis Two, which has 15 stories and provides about 210,000 square meters for tech-based and media companies.
Talented and Multicultural Workforce
Singapore has a highly educated and diverse workforce, and One North is one of the prime destinations to recruit and retain top talent. One North has a mix of local and international talent, and its residents come from all over the world. Singapore’s education system is world-class and has churned out a steady stream of graduates with excellent technical and soft skills. Besides, Singapore has a friendly and safe environment, with a high standard of living, which makes it an attractive destination for professionals and families alike. Looking to broaden your understanding of the topic? Utilize this handpicked external source and uncover more details. the hill one north showflat!
In summary, One North is an excellent destination for investment. It has become a world-renowned innovation hub for good reasons: it has a supportive government, top-notch facilities, a thriving ecosystem, and a talented workforce. One North is poised to grow further and continue to attract businesses and investments. Investors who are looking for sustainable growth and profitability should consider One North as their next strategic business location.
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