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Speaking
on the issue , Mica permanent secretary
Dr. Tan Chin Nam said, "The economic
potential of IDM is tremendous and its impact
transformational. Collectively, the implementation
of the four initiatives, together with the
efforts of the agencies including MDA, EDB,
IDA, A*STAR, the Ministry of Education (MOE)
and Mica, will help position Singapore as
a global media city."
MDA CEO Christopher Chia added, "Going
forward, as we prepare to move into the
digital age, MDA will actively engage the
community and work closely with our industry
partners to ensure that consumers will enjoy
more tangible benefits with the roll-out
of these initiatives."
To provide focus for the R&D initiatives,
three R&D directives have been identified:
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Animation, games and effects - to strengthen
investments in technology R&D, tools
and platform development, as well as explore
new genres.
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Media intermediary services - to invest
in technical capabilities in the organisation,
distribution and security of digital media.
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On-the-move media services - to invest in
R&D to identify new ways of reaching
and interacting with mobile-connected people
who are always on the move.
IDM R&D executive director programme
office Michael Yap said, "We aim to
bring together all the stakeholders including
IHLs and businesses to build sustainable
and vibrant industry sectors around these
R&D focus areas. The four initiatives
unveiled today provide the IDM R&D Programme
Office with the necessary means to do so."
The IDM sector is projected to make a significant
contribution to the growth of the media
industry that aims to realise a value-added
contribution of S$10 billion (UDS$ 6.5 billion),
up from S$3.8 billion (USD$ 2.5 billion)
in 2003, as well as create approximately
10,000 new jobs by 2015.
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