Dubbed the RIE2025 plan, this will to build on the progress of previous investments in RIE, as science and technology remain key to shape Singapore’s ability to meet future challenges and respond to shifts in the global economy, he added..
The Singapore government will set aside $25 billion, or about 1% of its GDP to sustain investments in Research, Innovation and Enterprise (RIE) between 2021 to 2025.
This comes as "science, technology and innovation will be critical to overcome Covid-19 and in enabling us to emerge stronger," Deputy Prime Minister Heng Swee explained at a virtual press conference on Dec 11.
