Singapore Polytechnic has signed an agreement to speed up the pace of turning research produced by A*Star's 12 research institutions into working products by tapping expertise.
On 31 Aug 06, the five polytechnics - Nanyang, Ngee Ann, Republic, Singapore and Temasek - signed a memorandum of understanding to come up with new projects with Exploit Technologies the commercialisation arm of the Agency for Science, Technology and Research (A*Star), witnessed by Minister of State for Manpower and Education Gan Kim Yong.
Exploit will set aside $10 million over the next five years to fund such projects with the polytechnics, said the division's executive chairman and A*Star managing director Boon Swan Foo.
'The polytechnics have matured and are now hotbeds of industrial innovation,' he said. 'Linking up with them will benefit A*Star and lead to a faster route to market.'
The move also formalises A*Star's many small ad hoc engagements with these schools in the past, Mr Boon added.
Under the agreement, either Exploit or the polytechnics may initiate a project for funding, which will then be assessed by a committee chaired by A*Star.
Staff and students from the polytechnics can then work on approved projects by taking the ideas from A*Star's labs, and developing them into working prototypes with the potential to be manufactured for the mass market.
Such partnerships, said our principal Low Wong Fook, ‘gives our students and lecturers the opportunity to apply cutting edge technologies coming out of A*Star research laboratories for the benefit of society. The up-to-date knowledge that our lecturers will gain will enable them to help our students when they work on real life projects. It is also exciting for them to apply new technologies in the development of prototypes which could eventually lead to commercialisation, thus further strengthening our links with industry’.