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Searching for R&D partners
to complement your strengths in product development?
Looking for financial support in
the joint R&D project with your partner?
SIIRD organises matchmaking opportunities
between Singapore and Israeli companies in the field of Research and
Development. Interested companies can provide SIIRD with information on
their R&D Partner Search Request Form,
such as desired profile of the R&D partner and brief description of
the proposed R&D project, so that SIIRD's offices in Singapore and
Israel can help to locate potential R&D Partners.
At the same time, companies can refer to the
list of companies from Singapore and Israel who have indicated interest to
look for R&D partners. Please contact the SIIRD
Management if you have identified suitable partners from the list
and we will link you up with the relevant parties.
SIIRD also provides funding up to US$1M for joint R&D projects
between companies based in Singapore and Israel. Interested companies
are welcome to apply for this funding by following the instructions here. The submitted proposals will be subjected to
evaluations by independent professionals from Singapore and Israel,
after which the evaluated proposals will be submitted to SIIRD Board
for approval. SIIRD Board convenes at least twice a year. For the
latest submission deadline for proposals, please refer to the News and Calendar.
Qualifying costs include: Direct Manpower, Expendable Materials &
Supplies, Consultancy Services, Subcontractors, Expenses for Travel
between Singapore and Israel, and Depreciation or Leasing costs of
Capital Equipment essential to the project.
- SIIRD shares companies' risk from R&D
projects
- SIIRD does not require equity in the
funded companies
- SIIRD does not share Intellectual
Property Rights of developed products/technologies
- SIIRD does not require collateral from
the funded companies
Should a project be successfully
commercialised, SIIRD is entitled to repayment based on the product
sales, up to 100% of the SIIRD funding or Conditional Grant. All
repayment to SIIRD are considered as pre–tax expenses. Repayment
shall be based on either of the following:
- The Conditional Grant shall be repaid in
US Dollars at the rate of 2.5% of Gross Sales, until 100% of the
Conditional Grant has been repaid or;
- When the following maximum percentages
of the Conditional Grant have been repaid in any of the following years
following the first commercial transaction, no additional payments to
SIIRD on account of the Conditional Grant shall be required.
Years Following
First
Commercial Transaction |
 |
Maximum Percentage
of Conditional Grant and Other Sums to Be Repaid |
| 1 |
 |
68% |
| 2 |
|
76% |
| 3 |
|
82% |
| 4 |
|
91% |
| 5 |
|
98% |
| 6 or more |
|
100% |
|
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