Innovation among S’pore firms: What could help boost success?

SINGAPORE – More help to deepen a local talent pool and greater support for longer-term research and development (R&D) projects are some forms of support businesses here hope to receive as they innovate to remain competitive, amid the roll-out of the

Enterprise Innovation Scheme that was announced in Budget 2023.

Deputy Prime Minister and Finance Minister Lawrence Wong, who

delivered the Budget on Feb 14,

said there is a need to nurture and sustain innovation across the economy.