Measuring Success in National R&D and Private Sector Collaborations and Safeguards to Prevent Loss of Singapore-based Expertise
Ministry of FinanceSpeakers
Summary
This question concerns the metrics used to evaluate collaborations between national R&D institutions and private sector partners, differentiating between coordinating vendors and developing in-house expertise, and safeguards against hollowing out local knowledge. Mr Kenneth Tiong Boon Kiat inquired about these measures, and Deputy Prime Minister and Minister for Trade and Industry Gan Kim Yong responded that success is tracked through intellectual property licensing, innovative product development, and startup formation. These collaborations aim to build institutional capabilities while helping companies stay globally competitive through the commercialisation of publicly funded research and development. This strategy stimulates private sector R&D investment and the creation of high-value jobs within the Research, Innovation and Enterprise ecosystem. Ultimately, these partnerships are designed to be mutually beneficial, ensuring that national research institutions strengthen their knowledge leadership while contributing to Singapore’s broader economic growth.
Transcript
1 Mr Kenneth Tiong Boon Kiat asked the Prime Minister and Minister for Finance (a) what metrics does the Government use to measure success of collaborations between national R&D institutions and private sector partners; (b) how the Government differentiates success as a "project manager" coordinating vendors versus a "knowledge leader" developing in-house capability; and (c) what steps prevent hollowing-out of Singapore-based expertise in the national R&D institutions due to over-reliance on subcontracting.
Mr Gan Kim Yong (for the Prime Minister): The Autonomous Universities, A*STAR and other public research institutes collaborate with private sector partners to conduct industry-relevant research and development, and to commercialise inventions and technologies from publicly funded research. Through these collaborations, our institutions build up capabilities and know-how while meeting industry needs. At the same time, they contribute to the economy and strengthen our Research, Innovation and Enterprise (RIE) ecosystem.
Beyond capacity and knowledge building, the Government also tracks various indicators to measure the success of these partnerships, including Intellectual Property licensing, development of innovative products and services, and formation of new startups.
These collaborations between national research institutions and the private sector have been mutually beneficial. Our researchers are able to commercialise their intellectual property with companies, developing innovative products and services that help the companies stay globally competitive. This in turn spurs increased private sector research and development investments in Singapore and the creation of new high value jobs and further strengthens Singapore's RIE ecosystem.