GIOSIS Pte Ltd (Qoo10 Singapore) and Nanyang Polytechnic’s (NYP) Singapore Institute of Retail Studies (SIRS) have signed a Memorandum of Understanding (MoU) that will see SMEs getting a digital boost to fully maximise opportunities in today’s online marketplace. The Qoo10-SIRs programme will support local companies with the resources to achieve digital transformations and stay relevant in today’s rapidly changing technological spheres through a series of specially-curated training workshops.
Aimed at equipping local SMEs with the knowledge to improve their e-commerce literacy and skills to grow their businesses online, the workshops will cover operational and marketing aspects of e-commerce. The programme will target both current merchants in Qoo10’s marketplace who intend to further boost productivity and ultimately increase sales figures, as well as local SMEs who want to jumpstart their online sales.
As part of the MoU, students from NYP’s Schools of Business Management, Engineering, Digital & Interactive media, and IT may have the opportunities to do internship with Qoo10, currently Singapore’s biggest online marketplace with 2.5 million registered users. The e-commerce platform has also expanded into the greater Asian region, including Korea, Japan and China. Qoo10 will also give NYP students opportunities to work on projects.
The joint partnership is in line with the Singapore government’s initiatives to help SMEs flourish in the e-commerce sector through its SME Go Digital programme, which remains as one of the main focus in this year’s Budget announcement. The government is committed to helping SMEs overcome barriers to innovation, R&D and technology adoption. With the support from both public and private sectors, SMEs will be able to identify appropriate solutions and guide them on changing their business processes to take full advantage of technology.