February 21, 2024

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Singapore Government pledges $19 billion towards Research, Innovation, and Enterprise Plan

Singapore Government pledges $19 billion towards Research

This past Friday, the Singapore Government revealed the RIE2020 plan which is committing to funding $19 billion in research, innovation and enterprise over the next five years.

The outcome of this research funding will boost the lives and adaptability of Singaporeans, strengthen societal bonds, as well as improve the quantity and quality of economic opportunities.

The primary spotlight of the RIE2020 plan is: to capitalise on investments already made thus far, expedite private-sector R&D capabilities, and nurture high growth innovative enterprises.

Under the RIE2020 plan, the government has prioritised research funding in four technology domains where Singapore has developed comparative advantage in research excellence or meets national needs. These domains include Advanced Manufacturing and engineering (AME), Health and Biomedical Sciences (HBMS), Services and Digital Economy (SDE), Urban Solutions and Sustainability (USS).

These domains will then be supported by three essential cross-cutting programmes: Academic Research, Manpower, and Innovation & Enterprise.

Coupled with increased governmental efforts, collective efforts with multi-national companies (MNCs), large local enterprises (LLEs) and small- and medium-sized enterprises (SMEs) will help to construct the foundation of progress for Singapore.

“[RIE 2020] reflects the Government’s continued commitment to research, innovation and enterprise, so as to develop a knowledge-based, innovation-driven, economy and society, and build the foundations of Singapore’s progress for our next 50 years.”

Singapore is presently embarking on a Smart Nation journey which hinges upon innovation and knowledge-intensive industries.

This will call for the need for a more tight-knitted public-private collaborations so that together, the foundations of Singapore’s progress for the next 50 years can be built.

Image from William ChoCC BY -SA 2.0

PARTNER

Qlik’s vision is a data-literate world, where everyone can use data and analytics to improve decision-making and solve their most challenging problems. A private company, Qlik offers real-time data integration and analytics solutions, powered by Qlik Cloud, to close the gaps between data, insights and action. By transforming data into Active Intelligence, businesses can drive better decisions, improve revenue and profitability, and optimize customer relationships. Qlik serves more than 38,000 active customers in over 100 countries.

PARTNER

CTC Global Singapore, a premier end-to-end IT solutions provider, is a fully owned subsidiary of ITOCHU Techno-Solutions Corporation (CTC) and ITOCHU Corporation.

Since 1972, CTC has established itself as one of the country’s top IT solutions providers. With 50 years of experience, headed by an experienced management team and staffed by over 200 qualified IT professionals, we support organizations with integrated IT solutions expertise in Autonomous IT, Cyber Security, Digital Transformation, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

Well-known for our strengths in system integration and consultation, CTC Global proves to be the preferred IT outsourcing destination for organizations all over Singapore today.

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Planview has one mission: to build the future of connected work. Our solutions enable organizations to connect the business from ideas to impact, empowering companies to accelerate the achievement of what matters most. Planview’s full spectrum of Portfolio Management and Work Management solutions creates an organizational focus on the strategic outcomes that matter and empowers teams to deliver their best work, no matter how they work. The comprehensive Planview platform and enterprise success model enables customers to deliver innovative, competitive products, services, and customer experiences. Headquartered in Austin, Texas, with locations around the world, Planview has more than 1,300 employees supporting 4,500 customers and 2.6 million users worldwide. For more information, visit www.planview.com.

SUPPORTING ORGANISATION

SIRIM is a premier industrial research and technology organisation in Malaysia, wholly-owned by the Minister​ of Finance Incorporated. With over forty years of experience and expertise, SIRIM is mandated as the machinery for research and technology development, and the national champion of quality. SIRIM has always played a major role in the development of the country’s private sector. By tapping into our expertise and knowledge base, we focus on developing new technologies and improvements in the manufacturing, technology and services sectors. We nurture Small Medium Enterprises (SME) growth with solutions for technology penetration and upgrading, making it an ideal technology partner for SMEs.

PARTNER

HashiCorp provides infrastructure automation software for multi-cloud environments, enabling enterprises to unlock a common cloud operating model to provision, secure, connect, and run any application on any infrastructure. HashiCorp tools allow organizations to deliver applications faster by helping enterprises transition from manual processes and ITIL practices to self-service automation and DevOps practices. 

PARTNER

IBM is a leading global hybrid cloud and AI, and business services provider. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity and service.

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