More funding for technology start—ups under new initiative

SINGAPORE : Singapore’s Institution of Engineers has launched an initiative to give technology start—ups more funding.

It is getting the National Research Foundation and private investors to fund up to S$600,000 for every chosen enterprise.

This is one of the new initiatives announced by the Institution at its 46th anniversary dinner on Friday evening. The event was graced by Deputy Prime Minister Teo Chee Hean.

Another move is the setting up of an aerospace engineers registry, which firms can use to hire talent for projects.

In addition, the Institution launched a ’Certified Engineer’ title, which will mark those in the field as being among the most qualified.

Mr Teo, who is also Home Affairs Minister, said: "Engineering is about building better lives for people. And engineers are people who dream, but dream in a practical way, because they know that at the end of it all, there needs to be a practical outcome to what they are dreaming about. And in that sense, engineers help to make all our dreams come true."

The Institution also announced that Singapore will be hosting the inaugural World Engineers’ Summit from September 7 to 13 next year.

— CNA/ms