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Singapore Israel Industrial R&D Foundation

Collaborate To Innovate

May 2008

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• since 1997: Co-operation between Singapore’s EDB (Economic Development Board) & OCS (Israel’s Office of Chief Scientist)

• Mission : To promote, facilitate and support joint Industrial R&D projects between companies from Israel and Singapore

About SIIRD

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Organizational Chart

Chan Eng Chye General Manger

Singapore

Shirley Refuah Manager

Israel

Jackson Phang Manager Singapore

Rachel ChanExecutive Singapore

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About SIIRD- budget info’

• US$3 million fund per year

• An average of 10 projects approved per year

• As at May 2008, 74 Projects approved (software, IT, electronics, gaming etc.)

• Facilitated R&D Investment of over US$ 70 million & Employment of more than 1,000 Scientists & Engineers

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What is an R&D project ?

• Development of new technology that would lead to a new innovative product

• Upgrade of existing technologies into a new “upgraded product” and innovative customization

• Integration of some technologies into an innovative technology applications

• ALL SECTORS / TECHNOLOGY AREAS

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About SIIRD – Support & Services

• Matchmaking Support - Provide matching and brokerage assistance for companies from Singapore and Israel keen on R&D collaboration

• Information - Provide linkage to Government agencies and

organizations in Singapore and Israel

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SIIRD Funding Support• Funding support - can reach a ceiling of

US$750,000 (or ~ S$1 million*) * 1.3 SGD = 1 USD

• Funding support - up to 50% of qualified R&D cost items in a project

• One condition - At least 30% of the actual R&D cost must be spent in Singapore & in Israel (both companies should be R&D companies)

• A conditional Grant = Repayable - if the project is successfully commercialized, royalties should be paid to SIIRD (2.5% of annual sales) or…..

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Savings in RepaymentGrants of 2.5% of annual sales or

Years FollowingFirst Commercial

Transaction

Maximum Percentage ofConditional 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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Eligible Cost Items of SIIRD Funding

• Direct Manpower

• Consultancy & Sub-Contractors

• Equipment

• Expendable Material & Supplies

• Travel Between Singapore & Israel

• Upon Approval - 25% Overheads + 5% G&A

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• Fund up to US$30,000

• OR 50% of the eligible costs

Mini R&D Project

• Fund up to US$100,000 or

• 50% of the eligible R&D costs

• Project duration not more than one year

• Fund between US$100,000 and US$750,000 or

• Up to 50% of the eligible R&D costs

• Project duration between one to three years

Full-Scale R&D Project

Tim

e

Financial Support

Feasibility Study

Types of SIIRD Funding

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Benefits of Joint R&D Collaboration

• SIIRD shares companies’ risk in facilitation of new products development

• Increase ability to create innovative product features

• Expand product portfolio for new customers and markets • • SIIRD does not take equity

• SIIRD does not acquire Intellectual Property rights developed

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Project Evaluation & Review process

– Parallel Evaluations in Israel by OCS evaluators and in Singapore – by Professors from universities such as NUS (National University of Singapore).

– Approval by SIIRD Board Of Directors– If approved ……– Reviews (Interim & Final) by SIIRD Israel &

Singapore

Evaluation Process

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Recent Approved Project

Hardware Accelerated AI for Innovative Massive Multiplayer (MMP) Game

Lighting Energy Management System (LEMS) Project

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Partner Search Request http://www.siird.com

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R&D Opportunities in Israel http://www.siird.com

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SIIRD Important Events • CommunicAsia Singapore

Biggest Telecom Exhibition in Asia Pacific 17-20 June 2008

• Water Expo Singapore 24-26 June 2008

• Telecom Israel 4-6 November 2008

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TODA RABA

THANK YOU