Singapore investing billions more into biomedical R&D

Impatient to see a big payback in new jobs and companies in return for its huge investment in biomedical R&D, Singapore is setting up a $1 billion fund to help promote ties between the science and technology industries. Singapore is preparing to sink another $12 billion into R&D between 2011 and 2015. The city-state is upping the amount of money devoted to achieving economic success from 65 percent of its funds to 70 percent. Story