Deadline for Submission
Singapore Israel Industrial R&D Foundation (SIIRD)
The Singapore Israel Industrial R&D Foundation (SIIRD) is a co-operation between the Singapore Economic Development Board (EDB) and the Israel Innovation Authority to promote, facilitate and support joint industrial R&D collaboration between Singapore-based companies and Israel-based companies across different industries, and to provide research grants and government funding for SMEs
Through joint R & D collaboration and SIIRD's funding, companies have:
- Created new/enhanced products and technology,
- Expanded product portfolio for customers,
- Created new markets, and
- Shortened time to bring new/enhanced products and technology into the market
SIIRD seeks to promote research and development in Singapore and Israel by helping Singapore-based and Israel-based companies with R&D Partner Search, and providing up to US$1M in funding for joint R&D projects between them.
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.
Since June 2011, the SIIRD programme has been broadened to include non-commercial Research and Development entities in Singapore (A*STAR research institutes, R&D entities in the Universities, Polytechnics, etc.).
The SIIRD team is open to discussions with non-government and non-profit organizations which possess R&D capabilities and are keen to participate in the SIIRD programme. The SIIRD team is also open to discussions with interested companies whose proposal ideas may not initially fit SIIRD's funding framework.
SIIRD provides research and development (R&D) 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 in the Proposal Submission page in SIIRD website (www.siird.com). For projects approved after May 2017, the grant disbursements to Singapore and Israeli companies would be in local currency i.e. Singapore Dollars and Israeli Shekels respectively.
The SIIRD funding covers the R&D portion of the companies’ total development cost in the joint projects. Part of the funding is also extended towards joint commercialization activities in the project.
- 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.
- Project Evaluation
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. Approval's decision of the SIIRD Board will be conveyed in writing to both Companies
Please enter the SIIRD website for submission of proposals: https://www.siird.com/proposal-submission
If you are interested in assistance to locate a suitable partner, please fill the following form: Partner Search