Over S$25 million will be committed by the government to "bold measures" that will nurture a healthy innovation ecosystem in Singapore. This was announced by Minister Heng Swee Keat at the opening of the Singapore Week of Innovation & TeCHnology (SWITCH).
Finance Minister Heng Swee Keat announced the launch of the two new programmes at the opening of the Singapore Week of Innovation and Technology - a polytechnic incubator programme and an entrepreneurial training programme for researchers.
Singapore is a leading tech hub, but domestic entrepreneurs lack meaningful visions, according to Grace Sai, CEO and co-founder of Impact Hub Singapore. Sai was speaking during SWITCH, the Singapore Week of Innovation and Technology
Many robots can already see and identify objects but artificial intelligence start-up Movel AI is looking to make them even "smarter", which could generate greater productivity for companies. In the third instalment of a four-part series on intellectual property, co-founders Bai Haoyu, 31, and Abhishek Gupta, 29, tell Lee Xin En how they are developing software that improves the vision of robots so they can be more accurate and less prone to accidents, and why they are filing a patent.
When it comes to innovation, there is no such thing as status quo — you either improve or decline relative to everyone else, and sitting in a comfort zone for too long could prove costly. That is the philosophy of Steve Leonard, the CEO of SGInnovate, the government entity that supports entrepreneurs leading Singapore's innovation efforts.