Accelerating Economic Growth through Innovation-Driven Enterprises

The two strategies and their complementary initiatives to enhance collaboration between entrepreneurs, innovators and researchers in the formation, development and growth of enterprises are:

D1: Support the high growth and innovation-driven enterprise

• Ramping up creation of high growth and innovative firms through targeted assistance in nine pillars of Industry 4.0 including automation, digitalisation and Artificial Intelligence (AI)
• Strengthen the national innovation ecosystem to enable potential start-ups towards future industries by creating an entrepreneurial cluster and building up the capacity of financial sector to meet the specific needs of innovation-driven and high-tech start-ups
• Provide performance-based loans and incentives for innovation including the use of Intellectual Properties (IPs) as collateral 

D2: Facilitate technology exchange and innovation

• Enable R&D uptake and research collaboration between industry/SMEs and academia/research institutions
• Build networks in knowledge-intensive sectors with leading technology and science experts and academics around the world
• Develop market friendly university-industry collaboration to diffuse innovation