1. Your Project Must Be Either A:
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Proof-Of-Concept Project (POC)
Your idea is at the conceptualization stage, and the technical / scientific viability
still needs to be proven.
You should clearly explain the innovative science or technology concept behind the
idea that is to be proven in the proposal. Individual applicants from public sector
research institutes must demonstrate entrepreneurial commitment to continue their
technology commercialisation work upon successful completion of the project.
Up to 100% of qualifying costs* for each project will be supported, subject to a
maximum of S$250,000.
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OR
Proof-Of-Value Project (POV)
You already have a technically / scientifically viable concept (proof-of-concept
available), and you wish to carry out further R&D or develop a working prototype,
to validate the commercial merit of an established concept.
You need to show the technology concept you are building on, and the commercial
merit to be validated. You will also be required to demonstrate proof-of-interest
from a potential customer or 3rd party investor, and the necessary business competencies
to execute the project.
Up to 85% of qualifying costs* for each project will be supported, subject to a
maximum of S$500,000.
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*See “About TECS > What Costs Qualify For Support?” |
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