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Budget 2016: National Research Fund to get S$1.5b top-up
TO support the Research, Innovation and Enterprise (RIE) 2020 effort, the government will provide a top-up of S$1.5 billion to the National Research Fund this year, said Finance Minister Heng Swee Keat in Parliament on Thursday.
Of the commitment announced for the RIE 2020 plan, up to S$4 billion will be directed to industry-research collaboration.
"This represents a concerted shift towards innovation and enterprise, to capture the economic and social value of R&D," said Mr Heng.
- For more Budget stories, go to bt.sg/budget_16. For live analysis by commentators on our blog go to bt.sg/budget2016blog.