Adding value to Singapore's knowledge-based economy.
Philips' new development focus complements Singapore's efforts to become a knowledge-based economy and will strengthen further our mutually beneficial, long-term partnership.
Under its Industry 21 initiative, Singapore aims to develop into a vibrant and robust global hub of knowledge-driven industries. To achieve this vision, Singapore will develop world-class capabilities, top talents and a strong knowledge base. These assets, together with the Singapore government's active support of R&D and Singapore's comprehensive technology infrastructure, will enable Philips Innovation Campus to thrive.
Philips Innovation Campus, in turn, will enhance the skills of Singapore's talent pool through knowledge transfer, international exposure and collaborations with local research institutions and universities. Development work at the campus will also give birth to new design ideas and innovations that will generate economic spin-offs and add value to Singapore's knowledge-based economy.
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