Singapore Economic Development Board (EDB)
250 North Bridge Road, #24-00
Raffles City Tower
179101
Singapore
Phone:
65-336-2288
Fax:
65-339-6077
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The Singapore Economic Development Board (EDB), is the lead government agency that promotes high value-added investments to boost the Singapore economy. It focuses on the manufacturing, manufacturing services, and exportable services sectors.
The EDB works closely with corporate investors to create innovative solutions to meet their business needs, while constantly updating Singapore's long-term strategic plans to respond to changing business and industry environments.
The Life Sciences cluster is a growth industry that will be developed as one of the key pillars of Singapore's manufacturing sector. It comprises the pharmaceuticals, biotechnology and medical devices sectors. In 1999, the Life Sciences cluster grew by 60% in output to reach S$6.3 billion with value-added jumping 75% to S$5.2 billion.
Singapore's vision is to be a World-Class Hub for Life Sciences with capabilities across the entire value chain, from research to manufacturing and regional headquarters.
Singapore, is the premier pharmaceutical manufacturing and clinical development hub in Asia, home to world's leading players such as American Home Products, Adventism, Merck, Sharpe & Dohme, Glaxo, SmithKline, and Schering Plough. In addition, leading medical devices companies such as Baxter, Becton-Dickinson, and Siemens have substantial R&D and manufacturing activities here. While Singapore's biotechnology sector is relatively young, it is growing rapidly.
The excellent IPR and regulatory infrastructure, skilled workforce, and conducive environment for R&D, as well as availability of venture funding for start-up investments are some of the key factors that have contributed to the high growth of the Life Sciences sector in Singapore.
Last Updated 8/14/00
Email:
webmaster@edb.gov.sg
Ownership:
Private
Web Site:
Singapore Economic Development Board (EDB)
Employees:
500
Symbol:
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