Govt to invest S$150 million into Singapore's space R&D: Gan Kim Yong
Minister for Trade and Industry Gan Kim Yong giving an opening address at the Global Space and Technology Convention 2022.
The Government will be investing S$150 million into space research and development to develop Singapores space capabilities, Trade and Industry Minister Gan Kim Yong announced on Wednesday (Feb 9).
Speaking at the Global Space and Technology Convention, Mr Gan said that the investment will be made by the Office for Space Technology and Industry — which oversees the country's space industry — and the National Research Foundation.
This S$150 million will go into the Space Technology Development Programme, which seeks to develop Singapore’s space capabilities in areas such as aviation, maritime and sustainability.
One project that is benefiting from this programme is the building of a microsatellite, which will fly at a low earth orbit and will carry the first Singapore-designed space camera.
Separately, Singapore Space and Technology Limited (SSTL), the organiser of the convention, is setting up a commercial fund — said to be Asia’s first dedicated commercial fund for startups venturing into space research.
