Singapore grows biomedical industry in a decade
5 November 2013 Last updated at 10:09 GMT
To stay competitive, a country needs to constantly innovate.
Where the US has Silicon Valley, Singapore has Biopolis - a major biomedical research and development hub.
From almost nothing more than a decade ago, the sector has grown to account for a quarter of the country's manufacturing output.
The BBC's Sharanjit Leyl reports.