NRF- National Research Foundation
"On 1 January 2006, the government established the National
Research Foundation (NRF) to intensify national R&D
spending,
provide resources and support to bolster private sector
R&D
growth, and to invest in strategic R&D areas. Funds for
public
sector R&D spending from FY2006 to FY2010 will increase
to
$13.55 billion. Of this, $5.4 billion has been allocated to
the
Agency for Science, Technology and
Research, $1.05 billion
for academic research and $2.1 billion for the Economic
Development Board to promote private sector R&D. $5
billion
has been committed to the National Research Fund to be
managed by the NRF."
DSO annual report FY 05/06.
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how about 1% of that funds S$135millions (Rescue & Dedicate)
for 2600 old folks living on 2 meals pls. 