109
Strategic Priority – Economic Growth, Job
Creation, Competiveness and Innovation
Science, Research and Development
307.
The thrust to diversify the economy through the creation of greater value added
goods and services require continuous investment into Science, Research and
Development. In 2014, the sum of
$68.5 million was allocated for NIHERST to
implement its projects and programmes in this sector. This allocation indicates the
commitment to promote innovation and develop alternative means for production systems
and creation of new products. Some of the initiatives to support this drive include:
the Establishment of a
National Science Centre
which will serve as a
milestone project in fiscal 2014 with an allocation of $60 million for the
completion of designs and to commence construction of the
Science City
.
Expected to be completed in fiscal 2017, the Science City will include a
visitor‟s facility, administrative facility, laboratories, kiddies‟ science
„house‟, a workshop building, Science Park and an outdoor amphitheater. It
is projected that the City will accommodate over three hundred thousand
visitors annually
Sci-TechknoFest 2013
themed “The Frontiers of Knowledge” will showcase
many inventions that change the world. Given an allocation of $5 million,
the festival aims to inspire innovative thinking by highlighting great human
inventions
an apportioned sum of $1 million in fiscal 2014 to continue the Development
of a National Innovation System (Young Investors Award) which is aimed at
sensitising adults and children to the process of innovation and invention, to
GOAL
A RESILIENT, COMPETITIVE, STABLE
AND SUSTAINABLE ECONOMY
MAIN OUTCOMES:
ECONOMIC GROWTH AND JOB
CREATION
INNOVATION, ENTREPRENEURSHIP AND
PARTNERSHIP
A DIVERSIFIED ECONOMY
