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Companies bank on R&D centres to stay competitive
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Innovate 360 director John Cheng says the incubator, which was set up by food manufacturer Cheng Yew Heng, works with educational institutions and corporations on venture-building programmes and projects.
ST PHOTO: NG SOR LUAN
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SINGAPORE - Coming up with a world-beating idea is one thing, but turning it into a saleable product requires a different approach, one that is being fine-tuned by firms setting up innovation centres here.
These centres focus intensely on research and development (R&D) to help them stay competitive, bolster their supply chain resilience while also serving to reinforce the companies' commitment to Singapore.
