A*STAR is opening a new institute called Singapore Institute of Clinical Sciences (SICS) to turn discoveries into “profitable products”.

The Singapore Institute of Clinical Sciences (SICS) will focus on developing basic scientific discoveries into actual medical treatments.

Also known as ‘translational research’, this has been identified as a critical area in the continued development of Singapore’s biomedical science industry.

http://www.channelnewsasia.com/stories/singaporelocalnews/view/271544/1/.html

The government has committed S$1.5 billion for translational research for five years from 2006 to 2010.

I wonder where they will spend this billion… *chuckles*