SINGAPORE – The Government is ramping up efforts for technological entrepreneurship through two new programmes.
This includes an incubator supporting start-ups from polytechnic students and alumni, as well as a 10-week programme for research scientists and engineers.
Speaking at the opening address of the second Singapore Week of Innovation and Technology (Switch), Finance Minister Heng Swee Keat said the Government will continue to develop technoprenurial talent.
“Innovation is driven by people,” he said.
“Even as we bolster institutional support, we will continue to actively develop technoprenurial talent to drive innovation and enterprise.”
One new initiative is a polytechnic incubator launched at Block 71, at Buona Vista’s one-north research hub on Monday (Sept 18), named Pollinate.
Run by Ngee Ann Polytechnic, Singapore Polytechnic and Temasek Polytechnic, the incubator will help start-ups to commercialise their products and expand their markets. The National Research Foundation (NRF) will be supporting it with a $1 million fund over three years.
Another programme, the National Lean LaunchPad, is a 10-week programme for scientists and engineers, which will train them in technology commercialisation.
The NRF is pumping $8 million over five years to support this effort, which aims to train over 1,000 participants, and create 300 technologies which can be commercialised.
Mr Heng, who is the NRF’s deputy chairman, also announced a new tie-up between the agency and Temasek Holdings, which will work on commercial entities to build and invest in technology start-ups here.
In addition, the Government will make it easier for public agencies to work with start-ups by allowing them to issue intellectual property (IP) licences. A new National IP Protocol will be launched that allows public agencies to issue both exclusive and non-exclusive licences, and to issue IP, to industry, in order to strengthen public-private partnership.