Germany–Singapore SME Funding Programme
For local startups/ SMEs to partner with German companies on joint innovation projects for R&D, commercialisation and business expansion.
For Singapore companies, up to 70% of project costs may be supported. Singapore enterprises and their French counterpart(s) should put in a joint application for the proposal to be considered.
About this programme
The Germany-Singapore SME Funding Programme (GSFP) is jointly administered by EnterpriseSG and the Federal Ministry for Economic Affairs and Climate Action (BMWK) in Germany. This programme is focused on encouraging the development of innovative products, services, processes or solutions that have strong market potential for Germany, Singapore or the international market.
Singapore companies keen to embark on joint innovation projects with German companies can now receive support by participating in this call for proposals for joint innovation and R&D projects from any sector or technological applications.
About BMWK
BMWK and its coordinator AiF Projekt GmbH have set up the Central Innovation Programme for SMEs (ZIM) to foster market-driven technology-based R&D projects by individuals and/or cooperation networks in all technologies and sectors. ZIM is Germany’s largest innovation funding programme for SMEs.
Eligibility
The project consortium must involve at least one company from Singapore and one company from Germany. Both companies should be independent from each other. Each project partner should contribute no more than 70% of the total project contribution.
All Singapore companies must meet all of the following eligibility criteria in order to apply:
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Business entity registered and operating in Singapore -
Company has at least 30% local equity held directly or indirectly by Singaporean(s) and/or Singapore PR(s), determined by the ultimate individual ownership
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Company has a Group Annual Sales Turnover not exceeding S$100 million, OR a Group employment size not exceeding 200 employees
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Company is financially ready to start and complete the project
Apply
Interested Singapore companies may contact EnterpriseSG through the prelim assessment form for an eligibility assessment and next steps of application.
When preparing for your application, you will need to have the following supporting documents ready:- Latest ACRA business profile (retrieved within six months from application date)
- Latest and previous two years audited financial statements or official management account
- Completed Supplementary Project Proposal Form
- Relevant key quotations (e.g. equipment & software, materials & consumables, professional services)
The application form, along with the supporting documents, must be completed and submitted by 20 September 2023, 2359hrs CEST / SGT, to be considered for funding.