S$25m for 'bold measures' to nurture innovation in Singapore

Singapore

OVER S$25 million will be committed by the government to "bold measures" that will nurture a healthy innovation ecosystem in Singapore. This was announced by Minister Heng Swee Keat at the opening of the Singapore Week of Innovation & TeCHnology (Switch) on Monday.

The new measures include an over-S$16 million boost to the cybersecurity sector, as well as the launch of Pollinate (a S$1-million programme) and the National Lean LaunchPad (S$8 million), two initiatives by tertiary institutions to nurture inventors from young.