Source link : https://news7.asia/science-and-nature/empowering-southeast-asias-future-the-vital-role-of-investing-in-science-technology-and-innovation/
The Asian Development Bank (ADB) has underscored the urgent need for increased investment in science, technology, and innovation across Southeast Asia to drive sustainable economic growth and competitiveness. In a recent statement, the multilateral lender emphasized that accelerating these sectors is crucial for the region to overcome development challenges and tap into the digital economy’s potential. With Southeast Asia poised to become a major global innovation hub, ADB’s call highlights the pivotal role of enhanced funding and policy support in fostering a vibrant ecosystem for technology-driven advancement.
ADB Emphasizes Urgent Need to Boost Science and Technology Funding in Southeast Asia
The Asian Development Bank (ADB) has highlighted a critical gap in funding for science, technology, and innovation across Southeast Asia, urging governments and private sectors to significantly increase their investments. As digital transformation accelerates globally, Southeast Asian countries risk falling behind without adequate support for research and development. Key sectors such as healthcare, agriculture, and renewable energy are increasingly dependent on technological advancements to drive sustainable economic growth and enhance regional competitiveness.
To achieve these goals, the ADB recommends targeted funding initiatives focusing on:
- Enhancing digital infrastructure to support innovation ecosystems
- Promoting STEM education and training to build a…
—-
Author : Ethan Riley
Publish date : 2025-08-03 03:32:00
Copyright for syndicated content belongs to the linked Source.
—-
1 – 2 – 3 – 4 – 5 – 6 – 7 – 8