Singapore reveals five-year NRF program

Singapore reveals five-year NRF program

Singapore reveals five-year NRF program

This month the National Research Foundation of Singapore announced its S$19 billion, five-year research program. The program aims to increase private investments and convert the city-state’s raw research into commercial opportunities. 

The research body intends to create a more collaborative approach, enabling laboratories to work together and assist with talent from research and industry parties. 

In the past 25 years, Singapore Government’s spend of S$40 billion on R&D comprising work on stomach cancer, eye diseases and water treatment, has propelled Singapore to world-leader status. However with private investment falling by 2.5 per cent last year in gross domestic product investment, R&D and private sector funding requires improvement. 

The five-year program includes health and biomedical sciences, together with funding for digital sectors, advanced manufacturing and engineering and funding for urban solutions and sustainability.

With the R&D tax incentives and a strong IP system, Singapore offers the ideal environment for innovative businesses looking to make contributions on a global scale. We are working closely with many businesses to develop IP strategies to take full advantage of these developments.  What’s your plan?



Previous article Technology, Media and Telecommunications (TMT) Next article Pharmaceutical Patent Term Extension and Data Exclusivity in Singapore