"Innovation will drive the economy of the future and understanding the process for developing business opportunities from technological innovation is critical. The key is bringing market definition closer to technology development. Our goal is to build an Innovation Centre modelled after the Deshpande Center for Technology at MIT, but modified to suit the existing Singapore ecosystem."- Howard W. Califano, Director, SMART Innovation Centre
The SMART Innovation Centre operates under the Singapore-MIT Alliance for Research and Technology (SMART) and is funded by the National Research Foundation (NRF). Similar to the highly successful Deshpande Center for Technological Innovation at MIT, the SMART Innovation Centre identifies and nurtures a broad range of emerging technologies including but not limited to biotechnology, biomedical devices, information technology, new materials, nanotechnology, and energy innovations and will act as a catalyst to create a fertile environment for faculty and student entrepreneurship to grow.
It administers a Grant Programme that enables faculty and students to pursue exciting new avenues of market-driven research and participate in programmes that will help accelerate their innovations toward commercialisation.
MISSION AND GOAL