Innovation and Research & Development powerhouse
R&D as a pillar
Research centres such as A*Star’s Fusionopolis and Biopolis, National Research Foundation’s Campus for Research Excellence and Technological Enterprise (Create), CleanTech Park, Tuas Biomedical Park, and Science Park are home to over 1,000 research collaborations with leading players such as Hewlett-Packard, Fujitsu, BASF, Mitsui Chemicals and Nitto Denko.
The Committee of Future Economy report 2017 outlined the importance of innovation and adoption of digital technology (particularly data analytics and cybersecurity) in solutions and business models across all industries. The report highlighted Singapore’s leadership in digital maturity and network readiness , which the country must build on.
Innovation Business Events: Opportunities for growth
As Asia’s most innovative economy, Singapore provides event organisers with a stimulating environment to connect with innovative leaders, new content and ideas across a variety of industries. There is keen interest in trade conferences that inspire change, promote exploration or risk-taking and cultivation of the entrepreneurial drive. On the technology front, there is also growing demand for events in new frontiers such as wearable technology, big data and how the next generation of digitally and socially connected enterprises can leverage new business concepts such as crowdsourcing and crowdfunding.
Did you know?
- Between 1,500 and 2,000 patents are filed worldwide every year as a result of research and development conducted in Singapore1.
- Singapore had committed US$12 billion in continued support of research, innovation and enterprise activities between 2011 and 20152.
- Another US$14.2 billion is committed to spur the country’s R&D capabilities, enterprise innovation and entrepreneurship through the Research, Innovation & Enterprise (RIE) 2020 Plan3.