Procter & Gamble signs 5-year R&D partnership with A*Star
American consumer goods giant Procter & Gamble (P&G) has inked a pact with Singapore's Agency for Science, Technology and Research (A*Star) to carry out research partnerships with local institutions for five years.
The Master Research Collaboration Agreement will provide for up to $60 million in joint funding and will pair P&G with more than 25 Singapore research, medical and educational institutions, A*Star said in a statement on Thursday.
It is an extension of a similar agreement that the two parties signed in 2010, and covers a broader range of activities than the earlier pact.
For instance, P&G will now be able to access research services and facilities at Biopolis and Fusionopolis, Singapore's research hubs. The partnership also allows for industry-relevant PhD programmes and post-doctoral fellowships