The application must be jointly submitted by a Singapore-registered company and an Israel-registered company. Either company must not have more than 20% shareholding in the partnering company. The joint project must be undertaken in Singapore and Israel. At least 30% of the actual R&D work must be done in Singapore as well as in Israel. Technology and product developed must have potential for commercialization.
Discuss and Decide to Collaborate
If there is interest to submit a project co-funding application to SIIRD, after their discussion on joint R&D collaboration, Companies are advised to contact the SIIRD Managers in the respective countries to understand more about the SIIRD Program and to share with the SIIRD Managers the proposed project in mind.
Submit Executive Summary to SIIRD
If SIIRD is receptive to the proposal, both Companies shall jointly prepare an Executive Summary using the Guidelines for Executive Summary and submit to SIIRD via Email.
Submit Full Proposal to SIIRD
After the submission of the Executive Summary, both Companies shall work on the Full Proposal using SIIRD’s Guidelines and Templates. Both Companies can use the following checklist to double-check on the documents required for the official submission:
- Full R&D Proposal with Project Gantt Chart, Project Members' Resumes, Revenue Forecast Table and Audited Financial Reports of Each Company
- Project Budget of Each Company
- Other Supporting Documents, if any
- The finalised set of documents are to be submitted to SIIRD via Email, and 5 sets of hardcopy to the SIIRD Singapore Office.
Following the Full Proposal Submission, Evaluation Meetings will be conducted in Singapore and Israel at the Companies’ premises respectively. Independent Reviewers and the SIIRD team will visit the Companies and presentation on the Project will be required from both Companies during the Meetings.
SIIRD Board Approval
After the Project Evaluation, the Project Proposal will be presented to the SIIRD Board for approval. The SIIRD Board Meeting is convened twice a year. The decision of the SIIRD Board will be conveyed in writing to both Companies.