"For innovation to occur, there has to be a highly networked ecosystem. There must be continuous interactions across different actors to share knowledge and push back boundaries. It is not just the stock of ideas that matters but how knowledge is distributed throughout the economy. This requires dynamic links across firms, research performers, intermediary institutions and the public sector," said Dr Balakrishnan. "By catalysing more innovative companies and strengthening our innovation ecosystem, we can help companies deliver more value and support Singapore's transition to an innovation-driven economy."
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