What Ah Keong said is very true for the life science industry. Specifically referring to hard core research work, you will need a minimum PhD degree to be allowed to exercise your own idea. Any degree less than that, you will have to follow other people’s idea.

Going back to the topic why life science is so quiet now… Let’s just say that the hype has quiet down because
1. the government has achieved the aim of attracting young talents to the field and
2. many foreign pharmas have started to set up base here.

So the challenge now is to see if the life science hype really can be a pillar of economy. By nature of the industry itself, that will take many years to materialize and to bear fruit. We will have to wait and see.

Many local venture capitalists are not use to the idea of “large capital, very long term investment” required in the pharmaceutical industries. Patience is a virtue in this game.

http://www.salary.sg/2009/what-happe.../#comment-5137