Government and Technology Transfer: The Case of Singapore

Abstract

DR. YEONG WEE-YONG AND ASSOCIATE professor Kay Ah-Keng are both with the faculty of business administration, National University of Singapore. In order to sustain the high economic growth Singapore has enjoyed in the last two decades and to face the new challenges ahead, the Singapore government has recently reviewed its economic development strategy and formulated several new plans. One of the steps Singapore is taking is to encourage all industries to exploit and apply new advances in technology. This paper reviews the Singapore government's role in technology transfer and the assistance it provides to small and medium enterprises in the upgrading of their operations. Two case studies are also given to illustrate how local small companies have benefitted from the new programmes.