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From Fintech to Hospitality: A Look at Singapore’s Innovation Labs

They vary in their method of funding, time span horizon, level of formality and freedom versus employer ties. Some address market gaps or seek to solve tangible problems, creating new revenue streams or bolstering existing ones with improved productivity or speed, while others test prototypes, incubate outlandish startups or provide an environment in which customers can become better acquainted with cutting-edge technologies.