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Lee Kuan Yew Water Prize to encourage innovation
June 4, 2007

Singapore on Monday announced the set up of the Lee Kuan Yew Water Prize,
with a value of 300,000 Singapore dollars (about 200,000 U.S. dollars),
aiming to encourage innovative water solutions. more

"The Lee Kuan Yew Water Prize aims to recognize individuals or
organizations for their outstanding contributions towards solving the
world's water problems, be it in applying innovative technologies, or in
implementing polices and programs to improve the life of people," Yaacob
Ibrahim, Singapore's Minister for the Environment and Water Resources,
said at a conference on water and wastewater technology.

The prize will be awarded on the Singapore International Water Week, an
inaugural conference held by Singapore next June, he added.

Apart from these initiatives, Singapore has also launched other programs
to spur growth in the water sector, hoping to become a global hydro hub.
Two months ago, Singapore's Environment and Water Industry Development
Council (EWI) announced the approval of an estimated 18 million Singapore
dollars (about 11.8 million U.S. dollars) in funding support for some 22
research and development (R&D) projects from both public and private
sectors to develop into marketable products or services.

It has also launched a 100 million Singapore dollars Technology Pioneer
Scheme to encourage early adoption of new environment and water
technologies in Singapore.

Other programs included the 10 million Singapore dollars Fast-Track
Environmental and Water Technologies Incubator Scheme, to accelerate the
growth of environmental and water start-ups by providing both financial
incentives and mentoring by established firms.

According to the minister, over the next five years, the government has
also committed a sum of 30 million Singapore dollars to support two
graduate scholarship schemes so as to expand the number of specialists for
the water industry and research organizations.

Over the last four decades, Singapore has endeavored to develop technology
and R&D in water management. One notable outcome of this focus is the
development of reclaimed water, or "NEWater." "NEWater" is the outcome of
using advanced membrane technology to recycle used water on a large-scale

By 2015, Singapore hopes to double the number of jobs in the water
industry to 11,000 and triple the value-add to the economy to 1.7 billion
Singapore dollars. Xinhua


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