Singapore puts megabucks in marine R&D, awards top students internships
SINGAPORE is to invest S$77 million (US$62 million) to support maritime technology R&D, raise the sector's productivity and develop its manpower through sponsored global internship awards to top local students.
High-achieving undergraduates from local universities will be offered a fully sponsored maritime focused internship with local and overseas components.
The Maritime Innovation and Technology (MINT) Fund will receive S$50 million over the next five years of the programme, originally established in 2003 for a 10-year period backed by S$100 million to support the development of maritime technologies by universities, research institutes and companies in Singapore.
"The Maritime and Port Authority (MPA) will also introduce a new S$25 million Productivity Programme under the Maritime Cluster Fund to co-fund initiatives like automation and business process re-engineering.
The MPA will also set aside S$2 million from the MCF for a new global internship over the next five years.
SINGAPORE is to invest S$77 million (US$62 million) to support maritime technology R&D, raise the sector's productivity and develop its manpower through sponsored global internship awards to top local students.
High-achieving undergraduates from local universities will be offered a fully sponsored maritime focused internship with local and overseas components.
The Maritime Innovation and Technology (MINT) Fund will receive S$50 million over the next five years of the programme, originally established in 2003 for a 10-year period backed by S$100 million to support the development of maritime technologies by universities, research institutes and companies in Singapore.
"The Maritime and Port Authority (MPA) will also introduce a new S$25 million Productivity Programme under the Maritime Cluster Fund to co-fund initiatives like automation and business process re-engineering.
The MPA will also set aside S$2 million from the MCF for a new global internship over the next five years.