Dawn earlier mentioned about building a “learning component” to these awards.
Doing so enables the spirit of innovation behind the collaborations we recognise this evening to also inspire others in the business community.
To borrow a social media term, let us make innovation viral.
I have spoken on the importance of staying open to globalisation, and harnessing technology and innovation.
Putting these together, it means we need to achieve scale to make an impact.
Building on SICC’s initiative in recognising and promoting collaborative innovation, to achieve greater impact, we must scale this further – within Singapore, and across borders.
I believe that a central pillar of Singapore’s future economic strategy, and our future economic value, is to position Singapore as a Global-Asia node, connecting the world to Asia with a very clear focus on technology and innovation.
We must continue to work with innovation nodes around the world to deepen innovation, to find new growth sectors and tackle common challenges.
Businesses, both foreign and local, and across all sizes and scales, can make useful contributions in this area.
The Government has initiated several schemes to encourage collaboration across sectors, borders and even regions.
One way is by building purposeful partnerships between businesses and our Research, Innovation and Enterprise or RIE ecosystem to harness innovation and solve targeted problems. I am glad to see a few of this year’s finalists featuring such cross-sector collaborations!
The National Research Foundation, EDB, and A*STAR and other agencies have supported the establishment of various Corporate Labs between industry players and our universities and research institutes.
Over the years, we have set up more than 20 such corporate labs including with SICC member companies like ST Microelectronics and ExxonMobil. I invite others who are keen to also consider a similar tie-ups.
During this year’s Budget Debate a few weeks ago, I announced that we are developing new RIE Flagships and Grand Challenges as part of the next bound of building our research ecosystem and driving Singapore’s future growth.
These platforms will pull together research and translational capabilities across our universities, research institutes, public agencies and the private sector to create value in new economic sectors and to address real-world problems and needs.
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