The Singapore government is pumping $50 million over the next five years into an R&D war chest.

The money is up for grabs if a businessman or researcher has a brilliant energy technology project that can make a difference and it needs funding.

Administered by an inter-ministry and agency group, its Head, Mr Ko Kheng Hua said that they were not putting any limits on the amount, if proposals were good enough.

The one requirement: Whether corporate laboratories, companies, or research institutions, all must be based here.

A roughly 10-man panel will be convened to judge the worthiness of these projects.

Visit rita.nrf.gov.sg/cerp for more details from Friday (2 Nov 2007).

 There’s money up for grabs, people :)