Singapore has great technological potential but few technology-based entrepreneurial activities. This prevents it from achieving higher economic growth rates and stronger export demand in the high-tech sector. The main problem is the lack of involvement of researchers, including professors. For example, only one professor has succeeded in creating technology-based startups, and only one other is actively pursuing commercial applications at the technology-focused Nanyang Technological University. To better facilitate the creation of technology-based companies, the Singapore government should redirect some of its funding from student entrepreneurship programs to create new initiatives that encourage researchers' exploration of commercial applications of technologies in universities. In the late 1980s, the Singapore government began focusing more of its efforts on improving the country's research and development capabilities and providing an environment conducive to entrepreneurship in hopes of increasing the number of technology-based start-ups. technology in Singapore, which can lead to the development of a thriving technology sector in Singapore and contribute to significant economic growth. The government has initiated numerous initiatives and created favorable policies that have led to the creation of cutting-edge technologies, particularly in biotechnology and water technologies, and to Singapore's international rankings high in the business environment for start-ups. However, despite this progress, Singapore ranked ninth lowest in terms of early-stage entrepreneurial activity out of 42 countries included in the 2006 Global Entrepreneurship Monitor report, and the country continued to experience low rates of technology-based entrepreneurship. of paper ......a form of reform and strengthening of the institutions' intellectual property and technology transfer functions. By providing these additional resources, SPRING would be able to encourage university researchers to be more open to the idea of ​​taking their projects beyond the laboratory, thus facilitating a potentially significant contribution from these institutions to Singapore's economy. Significant economic gains can be achieved through an increased level of technology-based entrepreneurial activity in Singapore, something that requires the active participation of professors and students. While current programs focus on incentives for students, the government must also encourage researchers to take part in entrepreneurial activities by creating strong programs and creating the infrastructure needed to bring technologies to market.