The Singapore Economic Development Board (EDB) is a government agency responsible for planning and executing strategies to enhance Singapore's economic growth. Established in 1961, its primary focus is to attract foreign investment, promote industrial development, and support local enterprises. The EDB plays a crucial role in shaping the country's economic landscape by fostering innovation and creating a conducive business environment. In addition to attracting investments, the EDB collaborates with various sectors, including technology, biomedical sciences, and manufacturing, to drive sustainable economic development. The agency also provides support for research and development initiatives, helping to position Singapore as a global hub for business and innovation.