institutions and corporations catered to talent development will start operating in August this year, when a new human-resource institute moves in. The Human Capital Leadership Institute (HCLI), which began its operations in February this year, will relocate from its current office in the Singapore Management University to its permanent home at Nepal Hill in three months' time.

The institute will be the first tenant to move into the Buona Vista venue, which is expected to eventually house a cluster of business schools, human-resource consultancies and corporative universities, under the Economic Development Board's (EDB) Leadership Initiative for Building Networks and Knowledge (Link).

Launched last September by Prime Minister Lee Hsien Loong at Singapore's annual Human Capital Summit, the Link initiative aims to anchor Singapore as the regional centre for developing talent and leadership training.

Mr Leo Yip, EDB's chairman, said that EDB is in talks with various key organisations and hopes to have more tenants within the next few months. The Link initiative will occupy more than 20 black-and-white bungalows at Nepal Hill, which were refurbished by home-grown industrial realestate company JTC.

Several multi-storey buildings might be built to offer shared facilities such as cafeterias, Mr Yip said. Mr Gan Kim Yong, Minister for Manpower, said that in order for Singapore to be a home for talent, it needs 'a vibrant ecosystem, where businesses can find and develop the necessary talent capital to helm their operations here'.

At HCLI's official opening yesterday, he added: 'HCLI will be the centrepiece of Link@Nepal Hill and will play the critical role of an integrator.'

The institute will provide talent-development expertise by working with global companies which wish to enter the Asian market, and Asian companies which want to adopt human-capital and leadership strategies to compete at the global stage.

It will hold roundtable sessions with humanresource experts, and work with organisations to conduct Asia-centric research initiatives and case studies which will be published in a biannual journal.

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