|SSIA Summit 2016 - Sharpening Industry-Academia Collaboration in the Semiconductor Industry|
Future growth in the semiconductor Industry is expected to come from identifying and anchoring high value activities in Singapore companies and the presentation by Dr Lim Khiang Wee, Executive Director, National Research Foundation was a refreshing update on the R&D sector in driving an economy driven by innovation and enterprise. His presentation covered key attributes of Research, Innovation and Enterprise (RIE) 2020 Plan in establishing Singapore as a global research and development (R&D) hub.
He pointed that investment in R&D is on the rise in global knowledge economies highlighted key spendings in R&D sector since 1991 in Singapore and noted that almost 1% of GDP of Singapore is now spent on R&D sector . The government will be sustaining its commitment to research, innovation and enterprise, and will invest $19 billion for the RIE2020 Plan over 2016 to 2020 . He noted that R&D and Technology have key roles in strengthening our Existing Manaufacturing Sectors andTranslating Scientific & Technological advances in innovative ways to deliver future growth.
He gave an idea of various academic & research programs in which funding is allocated to achieve the desired R&D Objectives . In an interesting observation, he noted that an analysis of the achievements of the NRF scholars with their peer group pointed to the face that outstanding world class research is being conducted in Singapore. He gave examples of few key achievements and quality of University research in NUS and NTU particularly semiconductor research and also highlighted few key examples of research collaboration with industry such as Singapore Spintronics Consortium , Lux Photonics Consortium and asked the Industry to tap on the expertise of A*Star's ARTC (Advanced Remanufacturing and Technology Centre).
He noted that in the coming years we will have to move to new technologies such as IoT and other Industry should tap on various government initiatives to drive few economic growth.
He emphasized that there is sharper focus on value creation and highlighted key Innovation and Enterprise mechanisms which will be in place to provide the ecosystem support for I&E activities in Singapore from idea to early growth stage.
Article contributed by: SANDEEP CHATTERJEE Executive Committe Member, SSIA Managing Director, Flexione Pte Ltd
Article contributed by:
Executive Committe Member, SSIA
Managing Director, Flexione Pte Ltd