Singapore Seeks Faster Returns With Research Fund
This article is for subscribers only.
Singapore strengthened its research and development focus on money-making outcomes and will set up a S$1.35 billion ($1 billion) fund to promote closer ties with the science and technology industries.
Out of the S$16.1 billion the government has budgeted to spend on research and development from 2011 to 2015, 70 percent will be for projects aimed at achieving economic success, rising from 65 percent in the past five years, Minister for Trade and Industry Lim Hng Kiang said in a speech in Singapore yesterday.