The announcement came from Mr Heng Swee Keat, Singapore Deputy Prime Minister and Coordinating Minister for Economic Policies.
Speaking at the opening address of the ATxSummit, Mr Keat revealed that Singapore will be stepping up investments to unlock the full potential of the digital revolution through collective action.
Investment in research and innovation is key to building solutions for the future and staying at the forefront of the digital economy. Singapore will invest close to US$50M under the Research, Innovation and Enterprise (RIE) plan, to launch their first national Future Communications Research & Development Programme (FCP).
The FCP supports cutting-edge communications and connectivity research, and will in turn grow local capability to translate that into innovative products, services, and companies. This will be accomplished through the setup of new communications testbeds in 5G and beyond-5G, and support technology development, translation and training, while building up the talent pool in the areas of communications and connectivity technologies.
