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SMEs pump more money into research and development

Block 71 opened in Jakarta last month (July) to allow businesses from Singapore and Indonesia to explore R&D and collaboration opportunities.

[SINGAPORE] Investments by small and medium-sized enterprises in research and development (R&D), a linchpin of Singapore's economy, have picked up, said Finance Minister Heng Swee Keat.

But future economic growth requires companies to explore beyond their sectors as "the real world is messy, and does not fit neatly into one specific discipline", he said at the opening of the second annual Leaders in Science Forum held at the Biopolis research hub in Buona Vista on Wednesday (Aug 16).

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