• Industry: Technology, Media, Telecommunications
  • Type: Survey report
  • Date: 9/4/2012

Singapore’s technology master plan 

Singapore is currently on its sixth technology master plan, Intelligent Nation 2015, the latest in a series dating back to 1980.

This plan seeks to infuse innovation, new business models and vibrancy into the local infocomm ecosystem through initiatives for start-ups and commercialization of technology.

Singapore has historically ranked high as a tech ecosystem, being placed second in the World Economic Forum’s Global Information Technology Report every year from 2009 to 2012. For over a decade, various investment initiatives and tax incentives have encouraged technological innovation and driven productivity.

“With China likely to surpass the US over the next 10 years to lead global technological innovation, Singapore is well placed to become an important Asia-Pacific tech innovation hub. We already have the right level of government support and incentives; and if you add a significant multinational business presence and a technology-ready population (where local broadband wireless penetration recorded 150 percent in 2012), then you have all the ingredients for a successful tech innovation ecosystem.”

- Ho Wah Lee, Head of Advisory, KPMG in Singapore


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