$112 million more set aside for built environment research, innovation: Chee Hong Tat
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Singapore's National Development Minister Chee Hong Tat announced an additional $112 million set aside for research and innovation in the built environment over the next five years. The funds, allocated under the Research, Innovation and Enterprise 2030 (RIE2030) plan, will focus on developing safer and more productive demolition techniques, maintaining aging buildings, reducing operational and embodied carbon emissions, and facilitating the commercialization of solutions for both Singapore and overseas markets.
Chee emphasized the importance of these efforts to achieve Singapore's goal of net zero carbon emissions by 2050 and to optimize limited land resources. The first grant call for RIE2030 is expected to be launched later this year to encourage companies to co-develop new solutions and adopt promising innovations in their projects.
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