Singapore–South Korea Joint R&D Call

Singapore–South Korea Joint R&D Call

For local startups to partner with Korea 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 Korea counterpart(s) should put in a joint application for the proposal to be considered.

Apply now

About this programme

The Singapore-South Korea Joint R&D Call is jointly administered by EnterpriseSG and the Korea Institute for Advancement of Technology. This programme aims to encourage the development of ready-to-market solutions for products, technology-based services or methods that have strong commercial potential.

Singapore companies keen to embark on joint innovation projects with Korea companies can now receive support by participating in a joint call for proposals for Singapore-South Korea technological R&D projects.

About the Korea Institute for Advancement of Technology (KIAT)

KIAT was established in 2009 as a quasi-non-governmental organisation under the South Korean Ministry of Trade, Industry and Energy. Today, it actively promotes and supports innovation in industrial technology via industrial technology policies and the strengthening of the relevant infrastructure in Korea.

Eligibility

The project consortium must involve at least one company from Singapore and one company from South Korea. 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:

  • 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
  • Company is financially ready to start and complete the project
  • Companies must cooperate on a joint innovation project that will focus on developing innovative products and applications within civilian purposes.

Apply

To submit an application, both Singapore and Republic of Korea companies have to submit a joint application through the Eureka SmartSimple platform.

In addition, Singapore companies must also complete the following procedures:
  1. Fill in the preliminary assessment form here by 21 June 2024
  2. Thereafter, when notified, submit the full application via the Business Grants Portal (BGP) by 28 June 2024, 23:59 (SGT) with the following documents:
    • Latest ACRA business profile (retrieved within six months from application date)
    • Applicant’s latest and previous two years audited financial statements (Company and Group level), or official management account
    • Supplementary Project Proposal Form (please find the template here)
    • Relevant key quotations (e.g. equipment and software, materials and consumables, professional services)

*Concurrently, Korean companies will have to adhere to the additional application requirements outlined by KIAT. All three submissions have to be completed for the application to be considered complete.

Still thinking of what programme to participate in?
Submit your interest and EnterpriseSG will reach out to you when an opportunity arises for the relevant Global Innovation Alliance (GIA) programmes.
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Singapore–South Korea Joint R&D Call

Apply now