MAS committing over $150m to help foster innovation
Ravi Menon reveals plans to help create a ‘vibrant ecosystem for innovation’
The Monetary Authority of Singapore (MAS) will commit S$225 million ($167 million) over the next five years to supporting "the creation of a vibrant ecosystem for innovation", managing director Ravi Menon said today (June 29).
This comes as part of its efforts to help build a "smart financial centre". The investment will be made under a financial sector technology and innovation scheme and can be used for a range of purposes.
The money could be used to attract financial institutions and
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