After allocating last year’s budget towards ’emergency support’ in response to the COVID-19 pandemic, Singapore’s government will spend SG$24 billion ($18.1 billion) over the next three years to help local businesses innovate and build capabilities needed to take them through the next phase of transformation.

The financial boost will go towards various initiatives such as the Emerging Technology Programme, which will see the government co-fund the cost of trials and adoption of emerging technologies including 5G, artificial intelligence (AI) and cybersecurity. 

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Published On: February 23rd, 2021 / Categories: Industry news / Tags: , , , /

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