Deadline: 27-Jun-24
The national funding bodies from Singapore (Enterprise Singapore) and South Korea (Korea Institute for Advancement of Technology) have allocated funding for organisations collaborating on international R&D projects.
This call for projects has been launched following Eureka’s Network projects framework based on mutual consent between participating national and regional funding bodies.
Scope
Although this call invites project in all thematic areas or application domains, special focus is given to the following domains (but are not limited to);
- Bio Economy, including: Bio and Medical Technology; Biopharmaceuticals; Biochemicals and Bioenergy; Biomedical Equipment; Biofoods; Bioinstruments and Bioequipment
- Smart Cities and Digital Transformation
- Artificial Intelligence and Information and Communication Technology
- Carbon Reduction and Future Mobility
- Semiconductor
Funding Information
- Singapore (EnterpriseSG): EnterpriseSG helps Singapore companies grow and transform through the Enterprise Development Grant (EDG). This grant supports projects that help companies to upgrade their business, innovate or venture overseas under three pillars: Core Capabilities, Innovation & Productivity and Market Access.
- EDG funds up to 70% of qualifying costs for SMEs, and up to 50% of qualifying costs for non-SMEs. Grant applications will be assessed on Group Revenue and Group Employment Size.
- The grant funds qualifying project costs, namely third-party consultancy fees, software and equipment, and internal manpower cost.
- There are no pre-approved vendors for EDG.
- All EDG applications should include commitments to worker outcomes as part of the qualifying requirements. Worker outcomes include increase in wage increment, job creation, job re-design, or training for existing staff.
- Unionised companies and e2i partners under the Labour Movement are eligible to receive an additional 10% funding, subject to NTUC-e2i’s endorsement.
- South Korea (KIAT): The Korean dedicated budget provided by the Ministry of Trade, Industry and Energy (MOTIE) and managed by KIAT is open to all applications from companies with registered R&D laboratories, research institutes and universities.
- The funding amount is up to KRW 500,000,000 (approximately € 370,000, exchange rate is ₩1,350/€ 1, quoted as an illustrative purpose) annually
- The maximum duration of the project is 3 years.
- Project funding comprises government grants and civilian dues (cash and inkind). The amount of government grants will vary depending on the type of executing organisations and project.
- The total costs for each of the partners in the consortium should also be reflected in the SmartSimple application form and match with the national application.
Eligibility Criteria
- Eureka has limited eligibility criteria for organisations participating in a Network projects consortium:
- Your project idea must represent international cooperation in the form of a specific project.
- The project must be directed at researching or developing an innovative product, process or service with the goal of commercialisation.
- The project must have a civilian purpose.
- Your consortium must include one Singapore-based company and one South Korea based company.
- No single organisation or country can be responsible for more than 70% of the project budget.
- EnterpriseSG has additional criteria for Singapore organisations to be eligible to receive funding:
- Be a business entity that is registered and operating in Singapore
- Be locally owned, i.e. the applicant should have ≥ 30% of its ordinary shares held directly or indirectly by Singaporeans/ Singapore PRs
- Be in a financially viable position to start and complete the project
- KIAT has additional criteria for South Korea organisations to be eligible to receive funding:
- Korean consortium must include at least 1 company (private enterprise).
- Research institutes or universities are welcomed as additional participants
- Korean company should be in operation for more than 1 year after the establishment, and the company is required to have ‘Corporate R&D Centre Certification’ issued by the Korean Government (Korea Industrial Technology Association).
- Every Korean organisation must meet all eligibility criteria in accordance with the domestic regulations, or it might be rejected.
For more information, visit Eureka.