The National Research Foundation has announced on June 12 an additional S$195 million in funding to spur R&D in the energy sector. Part of the funding will also go towards competitive grants for green startups.
The investment will be channeled towards better power grids, energy-efficient buildings, solar energy, and carbon dioxide reuse and capture. This is in line with the inter-agency Energy Innovation Programme Office’s aim to add S$1.7 billion and 7,000 jobs to the Singapore economy by 2015.
This round of funding follows an earlier shot in the arm of S$140 million by the NRF in the clean energy sector.
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