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For all local infocomm start-ups looking to increase business viability and growth
For global venture capital-backed start-ups looking to base engineering activities in Singapore
For local early stage infocomm start-ups seeking funding for the development and commercialisation of innovative technologies and business ideas
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| Back to Start-Ups Overview |
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.
1. Your idea or project must:
- Clearly demonstrate how science/technology is applied
- 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)
- Be riskier and further away from the market
- Lead to or build on proprietary know-how/IP
- Be commercially viable
2. Applicants Can Be:
Start-up Companies
- Registered for less than 5 years at time of award
- At least 30% local shareholding
- Company's group FAI below $15 million
- Maximum 200 employees (for service sector)
- Incorporated & physically present in Singapore
- At least one in-house research scientist or engineer (RSE)
OR
Research Scientists and Engineers (POC Projects Only)
- Currently working in a public sector research organisation
- Willing to demonstrate entrepreneurial commitment to the commercialisation of any IP that arises from successful completion of the project
To find out more about TECS, click here.
