Companies bank on R&D centres to stay competitive

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SINGAPORE – Coming up with a world-beating idea is one thing, but turning it into a saleable product requires a different approach, one that is being fine-tuned by firms setting up innovation centres here.

These centres focus intensely on research and development (R&D) to help them stay competitive, bolster their supply chain resilience while also serving to reinforce the companies’ commitment to Singapore.

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Economy