Innovation

Funds will go towards the university’s Design AI Innovation & Venture Exploration (Dive) programme

Allkin, Care Corner, Fei Yue Community Services will have dedicated innovation teams

The investment falls under RIE2030, and integrates earlier sector-based research

 Commercialisation, not being conversant, is the real metric

For both companies and their investors, the opportunity is specific and time-bound

Unlike politicians, economists admit that they don’t know why countries prosper or stagnate

It is fundamentally a commercialisation gap, and if this is so, the country’s policy mix needs to reflect that

At least 100 roles in research, engineering and product development are set to be created

The challenge now lies in how quickly ideas can be turned into something that works