Singapore Budget 2015: National Research Fund to get S$1 billion top-up this year

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THE National Research Fund will get a S$1 billion top-up this year, said Deputy Prime Minister and Finance Minister Tharman Shanmugaratnam on Monday.

This is part of the ongoing effort to invest in research and development to enhance the long-term potential of the economy.

Mr Tharman shared how, since 2011, the government's investments have catalysed S$8.6 billion of industry R&D, supported about 400 start-ups and generated 800 licenses from public sector R&D.

For the next Research, Innovation and Enterprise five-year plan, he said that there would be a greater effort to help companies develop, test and commercialise new products and solutions.

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