Prime Minister Lawrence Wong announced on February 12, 2026, that Singapore would allocate S$37 billion (USD 27.5 billion) through its Research, Innovation and Enterprise 2030 plan, with quantum technology identified as a strategic priority. The plan represents a 32 percent increase over the previous S$28 billion RIE 2025 allocation and is the country’s largest research investment since 1991, according to the Quantum Insider.
Wong singled out quantum technology as an area where Singapore made “an early and deliberate bet” with the 2007 establishment of CQT. He noted that Quantinuum would host its most powerful quantum computer in Singapore by 2026, and cited a quantum computing startup co-founded by a Nobel laureate choosing Singapore for its manufacturing strengths.
Approximately 29 percent, or S$10.8 billion, of the RIE 2030 funding will support four domains unchanged from the prior plan: human health and potential, manufacturing, urban solutions, and the smart nation and digital economy. Quantum sits within the broader strategy of anchoring critical global supply chains in Singapore.