Large anchor institutions such as international and local universities are catalyst for a knowledge based and talent driven urban economy. They are talent magnets that attracts faculty researchers, students, and foreign born talents who are all key to building a knowledge based economy and a world class R&D Centre.

With constant interactions and contributions between corporations and the universities, these academic institutions will be able to establish research and development programmes to provide scientific input vital to the innovation process and apply theoretical knowledge into practice. This will be possible with financial support and commercial expertise from corporations.