P&G opens $250m research and development centre in Biopolis

P&G opens $250m research and development centre in Biopolis
Above: Deputy Prime Minister Tharman Shanmugaratnam

SINGAPORE - Deputy Prime Minister Tharman Shanmugaratnam noted that the centre was now the biggest private sector tenant in Biopolis. It is also one of Singapore's largest R&D centres.

Get the full story from The Straits Times.

Here is the full speech by DPM Tharman Shanmugaratnam at Biopolis:

It gives me great pleasure to join you this morning at the opening of P&G's Singapore Innovation Centre (or "S-G-I-C") in Biopolis. 2. For 177 years, P&G's brands have touched and improved consumers' lives. But P&G brands are in fact backed by deep science.

And this is what the SgIC stands for. It is P&G's lead R&D centre in Asia, supported by world-class scientific talent in more than 30 disciplines1, including our very own Singaporean scientists.

Singapore: A vibrant Science and Technology hub in Asia

Like P&G, Singapore is also deeply committed to R&D. It has to be a key part of our ecosystem, the way companies create new business opportunities, manage costs, and the way we create good jobs for Singaporeans.

We have made progress. We have doubled the number of research scientists and engineers in Singapore over the last 10 years to about 30,000 in 2012. 70 per cent of these scientists and engineers are locals. 1,400 new R&D jobs have been created in the Consumer Businesses industry alone.

Companies have found value placing strategic R&D investments in Singapore, because of the strength of our public-private partnerships.

This is best represented by Biopolis, and its cadre of 2,500 public and private sector researchers. SgIC is now one of Singapore's largest R&D centres, and the largest private sector tenant in Biopolis.

The P&G-A*STAR Master Research Collaboration Agreement ("MRCA") represents public-private partnership at the most strategic level. First signed in 2010, the partnership was renewed in 2013 for another five years to 2018.

The agreement now includes joint funding of up to S$60 million, and covers partnerships with Singapore's larger research community, such as our universities and public hospitals.

Beyond physical infrastructure such as Biopolis, Singapore is committed to grooming local scientific talent. An example is the "Returning Singaporean Scientists Scheme", which aims to attract overseas Singaporean scientists to continue their careers in Singapore, and eventually take up research leadership positions here.

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