SINGAPORE - If you are a private sector setup with an innovative product or solution that needs access to public sector intellectual property or infrastructure for test-bedding, you could find it easier to gain this access in Singapore's new economic landscape.
There could also be customised platforms to integrate capabilities of research institutions, private and public sector agencies, such as consortia between companies in the same sector to develop a common agenda for research.
These are some examples of how innovation and commercialisation of R&D can be strengthened to reap greater economic benefits, said the high-level Economic Strategies Committee (ESC).
It has outlined a three-pronged strategy which includes growing R&D expenditure to 3.5 per cent of growth domestic product (GDP) by 2015, focusing on commercialisation of R&D and giving emphasis to design-driven innovation.
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Author: Azhar Khalid
