Singapore to help firms embrace innovation

Innovation is important in ensuring Singapore's small and open economy remains nimble and able to respond to changes in global trends, said Senior Minister of State for Trade and Industry Koh Poh Koon. - ST

SINGAPORE (The Straits Times/ANN):- The Government will be doing more to help companies in Singapore foster a spirit of innovation, from increasing funding options for certain sectors to creating a co-working space to help companies from the medtech and other sectors work on their unique products, Senior Minister of State for Trade and Industry Koh Poh Koon said on Tuesday (March 3).

Innovation is important in ensuring Singapore's small and open economy remains nimble and able to respond to changes in global trends, said Dr Koh during the debate on the ministry's budget.