Singapore South Korea call for innovative projects
The national funding bodies from Singapore – Enterprise Singapore (EnterpriseSG) and South Korea – Korea Institute for Advancement of Technology (KIAT) have allocated funding for organisations collaborating on international R&D projects.
You can submit your R&D project application for this call for projects between 01 June 2022 to 31 Aug 2022. Your project consortium must include one Singapore-based company and one South Korea-based company.
- 01 JUN 2022 Call opens
- 31 AUG 2022 Submission deadline
- November 2022 Eureka Label
- South Korea
Although this call invites project in all thematic areas or application domains, special focus is given to the following domains (but are not limited to):
- Bio Technology and Medical Technology
- Smart Cities and Digital Transformation
- Artificial Intelligence and Information and Communication Technology
- Carbon Reduction and Future mobility
Eureka has limited eligibility criteria for organisations participating in a Network projects consortium:
- Your project idea must represent international cooperation in the form of a specific project.
- The project must be directed at researching or developing an innovative product, process or service with the goal of commercialisation.
- The project must have a civilian purpose.
- Your consortium must include one Singapore-based company and one South Korea-based company.
- No single organisation or country can be responsible for more than 70% of the project budget.
EnterpriseSG has additional criteria for Singapore organisations to be eligible to receive funding:
- Be a business entity registered and operating in Singapore
- Have a minimum of 30% local shareholding
- Be in a financially viable position to start and complete the project
KIAT has additional criteria for South Korea organisations to be eligible to receive funding:
- Korean consortium must include at least one company (private enterprise).
- Korean company should be in operation for more than one year after the establishment, and the company is required to have 'corporate R&D centre certification' issued by the Korean Government (Korea Industrial Technology Association).
EnterpriseSG helps Singapore companies grow and transform through the Enterprise Development Grant (EDG). This grant supports projects that help companies to upgrade their business, innovate or venture overseas under three pillars: Core Capabilities, Innovation & Productivity and Market Access.
- EDG funds up to 70% of qualifying costs for SMEs, and up to 50% of qualifying costs for non-SMEs. Grant applications will be assessed on Group Revenue and Group Employment Size.
- The grant funds qualifying project costs, namely third-party consultancy fees, software and equipment, and internal manpower cost.
- There are no pre-approved vendors for EDG.
- All EDG applications should include commitments to worker outcomes as part of the qualifying requirements. Worker outcomes include increase in wage increment, job creation, job re-design, or training for existing staff.
- Unionised companies and e2i partners under the Labour Movement are eligible to receive an additional 10% funding, subject to NTUC-e2i’s endorsement.
South Korea (KIAT):
The Korean dedicated budget provided by the Ministry of Trade, Industry and Energy (MOTIE) and managed by KIAT is open to all applications from companies with registered R&D laboratories, research institutes and universities.
- The funding amount is up to KRW 500,000,000 (approximately € 370,000, exchange rate is ₩1,350/€ 1, quoted as an illustrative purpose) annually
- The maximum duration of the project is 3 years.
- The partners should consist at least one Korean R&D performing commercial company.
- Research institutes or universities are welcomed as additional participants or subcontractors according to each country’s funding regulations.
- Project funding comprises government grants and civilian dues (cash and in-kind). The amount of government grants will vary depending on the type of executing organisations and project in accordance with Article 24 (Funding criteria) and Article 25 (Civilian dues) of the Common Operational Regulations for the Industrial Technology Innovation Programs.
- The total costs for each of the partners in the consortium should also be reflected in the SmartSimple application form and match with the national application.
- A party that participates in a project shall carry out its project using the government grants allocated to it, and for-profit organisations shall individually bear the cash portion of civilian dues.
- If there is no allocated budget for your organisation type in your country and you want to participate in a project consortium, contact your national funding body using the form below to see whether there are other funding opportunities available or talk to them about self-funding.
Your project application will be reviewed according to our Network projects evaluation methodology.
- Is the market properly addressed (i.e. size, access and risks)?
- Is the value creation properly addressed (i.e. employment opportunities and environmental and societal benefits)?
- What are the competitive advantages of your project (i.e. strategic importance, enhanced capabilities and visibility)?
- Are your commercialisation plans clear and realistic (i.e. return on investment, geographical and sectoral impact)?
- What is the degree of innovation? (i.e. is the proposed product, process or service state-of-the-art? Is there sufficient technological maturity and risk)?
- How is the new knowledge going to be used?
- Is your project scientifically and technically challenging for consortium partners?
- Is the technical achievability and risk properly addressed?
Quality and efficiency of implementation
- What is the quality of your consortium (i.e. balance of the partnership and technological, managerial and financial capabilities of each partner)?
- Is there added value through international cooperation?
- Is your project management and planning realistic and clearly defined (i.e. methodology, planning approach, milestones and deliverables)?
- Is your cost structure reasonable (i.e. costs and financial commitment for each consortium partner)?
- Experts will list three positive and negative points to your application and finally state whether they recommend your project for public investment.
- Your national funding body may carry out a further evaluation (performed by the national project coordinator and technical experts) according to national rules before allocating funds to successful applicants.
How to apply?
- Contact your national funding body using the form below to discuss your project idea, financial viability, eligibility and national procedures.
- Create an account on our application portal (one per consortium) and select the funding opportunity you want to apply to.
- Using the portal, complete one application form per consortium (in English) and invite other consortium partners to fill in a partner form.
- Upload a GANTT chart (one per consortium), a signed and completed co-signature form (which you can download from the platform) and any additional required annexes.
- Your application will be checked for completeness and eligibility before being reviewed using a standard evaluation procedure. If successful, your project will receive a Eureka label.
- Your national funding body may carry out a further evaluation (performed by the NPC and technical experts) according to national rules before allocating funds to successful applicants.
- The final step is to complete and sign a consortium agreement (CA). We recommend that you seek legal advice when drafting your CA.
Both Singapore and South Korea have additional steps for submitting your application:
Singapore applicants will have to prepare the following documents:
- Latest ACRA business profile (retrieved within 6 months from application date)
- Applicant’s latest and previous two years’ audited financial statements (Company and Group level), or official management account
- Completed application form
- and its annexes as follows:
- Annex 1: Proposed Project Budget
- Annex 2: Project Information
- Annex 3: Summary of Project Cost
- Annex 4: Joint Proposal
- Relevant quotations
Singapore participants will then have to submit their applications, including all the above documents, through the following FormSG link (https://go.gov.sg/cip-application).
South Korea participants will have to submit a formal national application through KIAT Project Advanced Smart System (https://www.k-pass.kr) including the Eureka application form (in English). The submission deadline is 31th August 2022 18:00 (Korean Time) Additional documents in Korean language, containing detailed information on the Korean participants, could be requested depending on the specific type of funding request by the company.