New Government Grant Initiatives in Singapore

Date: 2018-11-27
Author: Desmond Tan

New government grants were recently announced to support Singapore companies protect and develop their technology.  Enterprise Singapore, which is the amalgamation of various Singapore government agencies that had some focus on entrepreneurship and innovation, now administers all of these grants.  We provide a summary below of the more important grants available.

For companies seeking to file IP Applications outside of Singapore

Market Readiness Assistance Grant

  • To aid Singapore-based companies to defray a portion of costs (eg. IP costs for search and registration) when expanding outside of Singapore.
  • Funding of up to 70% of costs for eligible activities (capped at S$20k/year), including filing of foreign IP applications.
  • Retrospective applications not allowable.
  • For companies incorporated in Singapore with minimum 30% local shareholding.
  • Annual turnover of < S$100 million per annum or less than 200 employees.
  • Full details are available at this link.

For companies seeking to develop and grow an IP Strategy/Roadmap

Enterprise Development Grant 

  • To aid Singapore-based companies to upgrade, innovate and venture overseas.
  • Subject to certain conditions, the grant is usable for IP-related consultancy projects.
  • Funding of up to 70% of costs for third party consultancy fees.
  • Retrospective applications not allowable.
  • For companies incorporated in Singapore with minimum 30% local shareholding.
  • Requires engagement of a lead management consultant with recognized certifications, for example, RMC, PMC, SCMC certificates.
  • Full details are available at this link.

For companies seeking to grow their IP Portfolio while developing their proprietary technology

Startup SG Tech Grant 

  • To aid cash flow of startups when developing proprietary technology solutions, and to provide early-stage funding for the commercialisation of proprietary technology.
  • Involves giving up some equity in exchange for the grant.
  • Caps of S$250k at proof-of-concept stage and S$500k for proof-of-value stage.
  • Subject to certain conditions, the grant is usable for IP costs for proprietary technology solutions.
  • Retrospective applications not allowable.
  • For startups (< 5 years) incorporated in Singapore with minimum 30% local shareholding.
  • Annual turnover of < S$100 million per annum or less than 200 employees.
  • Core activities should be carried out in Singapore.
  • Full details are available at this link.

If you have any questions, please direct them to our Principal in Singapore, Desmond Tan. He is contactable at +65 8288 8218 or desmond.tan@fpapatents.com.sg

Note: All information is obtained from publicly available sources.