The National Research Fund Act (Chapter 201A)

The National Research Fund was first established in February 2006, when Parliament passed the National Research Fund Act. The objective of the Fund is to make provision for the funding and administration of research and development activities with a view to:

• Encouraging the development in Singapore of innovative products, processes and services;
• Increasing investment by the public and private sectors in Singapore in research and development activities that will make Singapore more internationally competitive;
• Promoting the technological advancement of the public and private sectors in Singapore through a focus on innovation; and
• Creating an environment that is conducive to increase commercialisation of new processes and product technologies.

The latest version of the Act may be found here.