Singapore has unveiled its plan to sustain investments of about 1% of the country’s gross domestic product (GDP), equal to $25b, for research, innovation, and enterprise activities from 2021 – 2025.
Deputy Prime Minister and National Research Foundation (NRF) Chairman Heng Swee Keat announced the plan at the launch of the Research, Innovation, and Enterprise (RIE) 2025 plan.
The plan seeks to build on the progress of previous RIE investments, as the government has identified that science and technology (S&T) will be key to Singapore’s ability to meet future challenges and to respond to shifts in the global economy.
