Singapore, South Korea sign MOU for science and technology cooperation
Singapore and South Korea have signed a Memorandum of Understanding (MOU) for greater collaboration in science and technology.
The MOU was inked between Singapore's Agency of Science, Technology and Research (A*STAR) and the Korea Health Industry Development Institute (KHIDI) during Singapore Prime Minister Lee Hsien Loong's three-day visit to South Korea.
A*STAR said it symbolises the growing bilateral cooperation in the field of biomedical sciences and the establishment of a closer relationship in science and technology cooperation.
Besides spurring biomedical science and medical technology (med-tech) research and development, A*STAR said the collaboration also hopes to promote talent exchange and development, and facilitate the commercialisation of joint projects.
A five million US dollar A*STAR-KHIDI Joint Research Fund has also been established, with the first grant call taking place next year.
Also planned is a potential Biomedical Sciences Development Centre to be set up in Singapore by KHIDI, the key driver of health technology R&D in South Korea and student exchange programmes between A*STAR and Dongguk University.
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