TECS is a grant scheme that IDA jointly administers with Spring Singapore. The scheme aims to catalyse the formation of new technology start-ups in Singapore. Innovative technology enterprises are supported by this grant which addresses early-stage funding gaps, enabling them to grow past their embryonic phase, secure third party funding, and achieve growing revenues.

Who Can Apply?

1. Your idea or project must:

1. Clearly demonstrate how science/technology is applied
2. Be of a breakthrough level of innovation (i.e. Distinctly different or absolutely new technology which either (1) has the potential to disrupt an existing market; or (2) to replace, or even create, a new market/purpose/niche)
3. Be riskier and further away from the market
4. Lead to or build on proprietary know-how/IP
5. Be commercially viable

2. Applicants Can Be:

Start-up Companies

1. Registered for less than 5 years at time of award
2. At least 30% local shareholding
3. Company's group FAI below $15 million
4. Maximum 200 employees (for service sector)
5. Incorporated & physically present in Singapore
6. At least one in-house research scientist or engineer (RSE)

OR

Research Scientists and Engineers (POC Projects Only)

1. Currently working in a public sector research organisation
2. Willing to demonstrate entrepreneurial commitment to the commercialisation of any IP that arises from successful completion of the project

To register for the bi-weekly TECS briefing sessions or to find out more about TECS, click here .

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