Singapore's S$37 Billion Research Bet: Fixing the Lab-to-Market Gap

Singapore believes it can finally crack the "valley of death" — the graveyard where promising research goes to die before reaching commercial reality — by injecting a record S$37 billion into research and innovation, with a brand-new S$300 million grant aimed squarely at bridging the lab-to-market gap.

Evidence For

• RIE2025 data released today shows business R&D spending surged 64% from S$5.5 billion in 2018 to S$9 billion in 2023, with the private sector now...