Israel – Singapore Industrial R&D Foundation
Established in 1997, the Singapore-Israel Industrial R&D Technological Innovation Fund (SIIRD) is a cooperation between Enterprise Singapore (EnterpriseSG) and the Israel Innovation Authority (IIA) to promote, facilitate and support co-innovation by and pilot projects between companies from Israel and Singapore, which would lead to successful commercialization.
Through its funding schemes, SIIRD helps companies develop new or improved products and technologies, shorten time-to-market, and explore new markets.
To support different stages of technological development – from proof of concept to full-scale pilot – SIIRD offers four funding tracks:
- Feasibility Track:
- Companies from Israel and Singapore considering an R&D partnership may decide to perform preliminary investigations to determine the technical feasibility or market acceptability of a new product, technology concept, and so on. This can be done as a test of the project’s viability, before committing to a R&D or Strategic Sector Project, which would be of much higher cost and longer duration.
- For Feasibility Study Projects, SIIRD may co-fund a maximum of USD 50,000 or 50% of the total project cost, whichever is lower.
- The maximum duration of a Feasibility Study Project is six months.
- R&D Track:
- The SIIRD R&D Programme aims to support Israeli and Singapore companies looking to co-develop innovative products or technologies for commercialization purposes.
- The maximum duration of an R&D Project is up to two years. SIIRD may co-fund a maximum of USD 1,500,000 or 50% of the total project cost, whichever is lower
- Pilot Track
- The purpose of the SIIRD Pilot Programme is to facilitate the commercialization of near-market technologies (e.g. TRL 7-8) by two or more companies through joint piloting or testing of the product with potential customers or third-party beta sites.
- The maximum duration of a Pilot Project is one year. SIIRD may co-fund a maximum of USD 1,000,000 or 50% of the total project cost, whichever is lower.
- Strategic Track
- The SIIRD Strategic Sector Programme aims to facilitate the development of disruptive technologies in sectors of strategic importance for both Singapore and Israel by tapping on academia and research performers, and to fast-track the commercialization of such technologies.
- The sector area of focus will be decided by the Governing Board of SIIRD and vary each year. Aside from companies in Singapore and Israel, it is also mandatory for research performer (e.g. academia or research institutes) to participate in the project as subcontractor or third-party consultant.
- The maximum duration of a Strategic Sector Project is three years. SIIRD may co-fund a maximum of USD 3,000,000 or 66% of the total project cost, whichever is lower.
To explore more, please check SIIRD’s guidelines & SIIRD’s Call for Proposals Application Guide. For the Singaporean companies interested in SIIRD, please visit Enterprise Singapore SIIRD’s webpage.
Looking for guidance regarding your application or looking for potential partners? Please reach out to SIIRD fund manager, Mr. Tal Ben Avner at [email protected]