SMU and NUS will be collaborating with DFS Venture Singapore, the Singapore Economic Development Board (EDB) and SPRING Singapore to launch the new Retail Centre of Excellence. This is the first in Singapore, and is seen as an ideal opportunity to raise retailing standards. DFS will base an in-house team in Singapore to partner SMU and NUS to design specialised retail programmes, conduct research collaborations and provide internships for fast track industry integration and career opportunities.