Research, Innovation and Enterprise (RIE) will continue to play important roles in Singapore’s transition to a knowledge-driven economy. The next 5-year plan under RIE 2020 will focus our investments in key areas where Singapore has a competitive advantage and a strategic need and where we can best leverage R&D to support Singapore’s future economic growth and build a resilient nation. Building on the R&D ecosystem that has been established over the years, specialist expertise would be further deepened and strengthened in the priority areas to be identified. The details of RIE 2020 are still being fleshed out, but I have no doubt that it will position Singapore to continue reaping the benefits of our investments in R&D for many years to come.

Speech by President Tony Tan Keng Yam at GYSS 2015 Closing Ceremony