# Singapore research and innovation investment

> Live situation record from CLSTR: https://clstr.news/situations/singapore-research-and-innovation-investment
> Updated: 2026-08-31T02:00:00.000Z. Sources: 2. Developments: 2.

Singapore’s inaugural report on the Research, Innovation and Enterprise 2025 (RIE2025) plan shows a 64 per cent increase in business R&D spending, reaching S$9 billion between 2018 and 2023. The number of firms conducting R&D grew by approximately 20 per cent, while the value-add generated by these firms increased by more than 75 per cent to S$161.2 billion in 2023.

Industrial R&D jobs also grew by 33 per cent to 32,509 in 2023. Following these developments, the RIE2030 plan was introduced, which includes a S$37 billion allocation for research and innovation in sectors such as semiconductors and healthy ageing.

## Timeline

### 2026-08-31: Singapore business R&D spending rises 64% to S$9 billion

Singapore's RIE2025 report shows business R&D spending rose 64% to S$9 billion between 2018 and 2023, with a growing number of firms and R&D jobs contributing to the nation's innovation ecosystem.

2 sources. https://clstr.news/cluster/singapore-business-rd-spending-rises-64-to-s9-billion

### 2026-08-13: Ireland research expenditure reaches €953m in 2025

Enterprise Ireland’s 2025 report shows Irish research expenditure rose to €953m, supporting 178 spin-out companies and employing 2,467 people through increased industry R&D collaboration.

2 sources. https://clstr.news/cluster/ireland-research-expenditure-reaches-953m-in-2025

---
Cite as: Singapore research and innovation investment. CLSTR, https://clstr.news/situations/singapore-research-and-innovation-investment