singapore israel industrial r&d foundation collaborate to innovate
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Singapore Israel Industrial R&D Foundation Collaborate To Innovate. May 2008. About SIIRD. since 1997: Co-operation between Singapore’s EDB (Economic Development Board) & OCS (Israel’s Office of Chief Scientist) - PowerPoint PPT PresentationTRANSCRIPT
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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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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