SME’s Pump More Money into R&D

By • on October 4, 2017

The Straits Times website reported that to sustain economic momentum, the Singapore Government renewed its five-year $19 billion research fund in January last year (2016). The sixth Research Innovation and Enterprise  road map – 1 per cent of the nation’s gross domestic product – will see R&D investments in sustainable energy, artificial intelligence and advanced manufacturing, among other areas, through 2020. And “open innovation” is the way forward, as set out by the Committee on the Future Economy tasked to chart Singapore’s blueprint for economic growth. This means tapping the expertise of overseas entrepreneurs or the many research institutions here.

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