SINGAPORE, Aug. 31 -- The National Research Foundation (NRF) has released the full details of the S$37 billion (RM117 billion) Research, Innovation and Enterprise (RIE2030) plan, outlining a major shift toward accelerating the translation of scientific research into commercial products, deep-tech ventures and solutions for national challenges.

CNA reported that a centrepiece of the plan is the new Research Translation Grant, designed to close long-standing gaps in commercialisation. The grant will fund up to S$2 million per project, and up to S$3 million for projects that secure early investor involvement - a move aimed at ensuring commercial considerations are built in from the start. "This helps ensure that commercial considerations ar...