Singapore steps up efforts to turn research into real-world impact under S$37 billion RIE2030 plan
Singapore has unveiled its S$37 billion RIE2030 plan, which aims to boost the commercialization of public research. A new Research Translation Grant will specifically fund early-stage technologies to bridge the gap between academic discovery and private sector investment.
Why it matters
This strategy reflects a national effort to ensure that heavy government investment in R&D translates into tangible economic growth and industrial innovation.
A new Research Translation Grant will fund the development of early-stage technologies from public research so the private sector can invest in and further develop them.
Chairman of the National Research Foundation Heng Swee Keat speaks during the President's Science and Technology Awards at Nanyang Technological University, Aug 28, 2026. (Photo: CNA/Wallace Woon)
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