The advisors for Innovation, Technology and Science (IA) Singapore are looking to the innovation policies of the Netherlands and Singapore. IA focusses on the common technology development domains of Singapore and the Netherlands.

Innovation policy the Netherlands

Innovative businesses can help develop solutions to major social issues like global food security, ageing populations or life-threatening diseases. By developing new products they can also gain access to new markets. Innovation boosts economic growth and creates jobs. That’s why the government provides financial support for innovative enterprise. So businesses can bring their innovative products and services onto the market more quickly. The Netherlands’ innovative top sectors are among the world’s best. The government wants to further strengthen their international position. The Netherlands has nine top sectors; Horticulture and propagation materials, Agri-food, Water, Life sciences and health, Chemicals, High tech, Energy, Logistics and Creative industries. The government, private sector, universities and research centres are working together in the Top Sector Alliance for Knowledge and Innovation (TKI) to make top sectors even stronger. The alliance looks for ways to get innovative products or services onto the market.

Innovation policy Singapore

Singapore is a small country with a high density and without natural resources. To face the National challenges Singapore is transforming to become a Smart Nation, where citizens live meaningful and fulfilled lives empowered by digital technology, where digital connectivity leads to stronger community bonds and many more opportunities for Singaporeans to pursue their aspirations and contribute to Singapore’s future. This is a whole-of-nation journey that Singapore is embarking on, enabled by digital technologies. Digital technologies will impact how we live our daily lives, open up new possibilities for the way to manufacture goods and deliver services, expand healthcare options, and revolutionise the way to plan and run the city. Singapore is systematically putting in place the infrastructure, policies, ecosystem and capabilities that will power the Smart Nation effort. Singapore encourage a culture of experimentation, and works together with citizens and companies to co-create solutions and better serve citizens, who are at the heart of the Smart Nation vision.

Research, innovation and enterprise are cornerstones of Singapore’s national strategy to develop a knowledge-based innovation-driven economy and society. Public investment in research and innovation has grown over the last 25 years. In the next five years (2016 to 2020), under the sixth science and technology plan for Singapore – the RIE2020 Plan – the government has committed $19 billion to research, innovation and enterprise, to take Singapore to the next stage of development. With continued commitment to research, innovation and enterprise, Singapore seeks to support and translate research, build up the innovation capacity of Singapore companies to drive economic growth, and leverage science and technology to address national challenges. Singapore encourages stronger cooperation between research and industry and focusses on value creation.

Singapore prioritised four strategic technology domains to have competitive advantages and/or important national needs. These are; Advanced Manufacturing and Engineering (AME), Health and Biomedical Sciences (HBMS), Urban Solutions and Sustainability (USS) and Services and Digital Economy (SDE).

Singapore has been built on several key industries and to stay atop of the ever-changing economic landscape, the Republic has invested heavily in developing industries to keep pace and scale for growth.