Five global tracking studies have recognised Singapore in the area of Innovation and Research and Development (R&D) and the nation is set to become Asia's Innovation Capital.
This announcement was made by the Agency for Science, Technology and Research (A*STAR) in Singapore, which is organising an innovation focused two-day conference in collaboration with the U.S. National Academies.
"The various rankings indicate that we are headed in the right direction and we are encouraged by such positive feedback," said Lim Chuan Poh, chairman, A*STAR. "A*STAR is proud of how far Singapore has come in R&D and will continue to work hard to position Singapore as Asia's Innovation Capital."
The conference titled "Innovation Economies and New Global Paradigms: Policy Challenges for Science, Technology, and Innovation" is scheduled to be held 15-16 May 2013.
Attendees of the conference will have insight on the challenges of innovation policies and learn about the state of biomedical innovation.
The two day conference will include keynote addresses and panel discussions on the challenges of innovation policies. The event will highlight how to create an innovation economy and round up with opportunities for cooperative innovation.
This event will be attended by a mix of government officials with policy and operational responsibilities. Distinguished academics, experts and representatives from industry and venture capital will also grace the occasion.
Singapore has been ranked third in the 2012 Global Innovation Index; ranked top in the 2012 Global Innovation Policy Index (GPII); and ranked second in the 2012 World Economic Forum Competitive Report.
The nation was termed the most competitive city in Asia among 120 of the world's major cities and third worldwide in the 2012 Economist Intelligence Unit Study.
"This is an important event in furthering cooperation within an already close relationship between the two countries," said Dr Charles Wessner, director of the Academies Innovation Program. "Singapore was chosen as the partner and location for the conference, because of its large growth in R&D and scientific talent as well as its world-class research infrastructures."
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