Singapore SME Innovation Support Schemes - PRO INNO Europe
Singapore SME Innovation Support Schemes - PRO INNO Europe
Singapore SME Innovation Support Schemes - PRO INNO Europe
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The RIE2015 has six main thrusts;<br />
o Investment in basic science as the basis for future innovations<br />
o Attracting and developing scientific talent to locate in <strong>Singapore</strong><br />
o Greater emphasis on competitive funding as a means to select the best ideas<br />
o Fostering of greater synergy between public and private enterprises.<br />
o A greater focus on research with economic outcomes<br />
o Strengthened support for technology commercialisation<br />
2.1 Main Actors in the <strong>Innovation</strong> <strong>Support</strong> System<br />
The diagram in Figure 2 illustrates the main actors and their position in the <strong>Singapore</strong><br />
RD&I framework. Public funding for industrial RD&I comes mainly through the Ministry<br />
of Trade and Industry. It funds 10 Statutory Boards, including SPRING <strong>Singapore</strong><br />
(Standards, Productivity and <strong>Innovation</strong> Board) and A*STAR (Agency for Science, Technology<br />
and Research). Other agencies include the Economic Development Board, which<br />
formulates and executes strategy for growing the <strong>Singapore</strong> economy, and International<br />
Enterprise <strong>Singapore</strong> which helps <strong>Singapore</strong>-based companies expand overseas.<br />
Figure 2: The R&D Framework in <strong>Singapore</strong><br />
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