Singapore Backs Lab-Grown Meat, Robots in $535 Million Push
- City-state to allocate S$724 million in tech transformation
- Investments in digital tech, cell therapy, food innovation
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Singapore will allocate S$724 million ($535 million) under a current plan to transform its economy into one that relies more on fields such as research and on companies that create new markets and jobs.
The additional investment includes S$500 million for digital technologies such as artificial intelligence, super-computing and robotics under the five-year plan ending 2020, a government advisory panel on research and innovation said in a statement Wednesday. The amount includes S$300 million announced by Minister for Communications and Information S. Iswaran earlier this month.