Launched in September 2018 by BPI France and Enterprise Singapore, this program funds French and Singaporean companies that embark on a joint R&D project.

Key highlights:

  • The joint R&D project should aim to develop a product;
  • The French company is funded through a Reimbursable Advance of up to 3 millions euros or a grant of up to 45% of the project cost for Deep Tech projects;
  • The Singaporean company is funded through a grant that covers up to 70% of the project cost;
  • A consortium agreement must be signed between the entities (at least 1 French and 1 Singaporean company);
  • The project must be structured to fit the requirements of both funding programs;
  • Technical domains include but are not limited to MedTech, CleanTech, Advanced Manufacturing, Aerospace, Fintetch, Smart Cities, etc.

With a presence in Singapore and France, GAC Group is your key partner to:

  • Source and find a relevant French or Singaporean company to partner with;
  • Structure a project that fits the funding program requirements, both from a financial and technical perspectives;
  • Draft the legal framework – a consortium agreement that states the project framework, revenue sharing, IP sharing, Data Management, etc;
  • Submit a strong project proposal (prior Art research, market analysis, project roadmap, etc.);
  • Protect the outcomes of the project and your interests with a dedicated IP strategy.

Our consulting fees can be granted by both agencies on a case-by-case basis.

To further understand the Singaporean innovation ecosystem and the synergies that exist between the two countries, we invite you to read the article we published on TechInAsia .

CONTACT US

France- Singapore Partnership

By Mathias Boissonot. 

This year’s VivaTech convention in Paris played host to thousands of delegates from around the world—from startups to industry leaders—all there to celebrate the latest innovations and the power of technology to transform business and society.

Among the crowd was an unusually large delegation from Singapore led by S. Iswaran, Singapore’s minister for communications and information.

This was no surprise. January 2018 marked the start of the Singapore – France Year of Innovation, a partnership between the two countries aimed at fostering stronger relationships, developing expertise, and sharing knowledge.

Despite their distance, the two nations have a variety of reasons to collaborate.

Currently ranked the third-most innovative country in the world, Singapore’s Smart Nation agenda has garnered a lot of attention from foreign businesses. France is also a global leader in this sphere, with the sixth highest R&D expenditure after the US, China, Japan, Germany, and South Korea. Both countries have also been incentivizing private R&D projects through generous tax credits and grants in order to drive their growth strategies.

 

Read the rest of the article on www.techinasia.com

Public Funding Singapore

By Mathias Boissenot

Rated number one in the world by the World Bank for ease of doing business, Singapore provides a variety of grants. In its most recent budget, the city-state’s government amplified its support toward the tech sector through a number of publicly funded schemes.

Still, many tech companies are currently missing out on the opportunity to benefit from these grants. We take a look at some of the main slip-ups.

How to avoid the main mistakes when applying for grants in Singapore?

  1. Targeting the wrong grant
  2. Misunderstanding PIC’s definition of R&D
  3. Forgetting about funding
  4. Failing to claim staff costs under the PIC
  5. Mixing up “technology innovation” with “service innovation”
  6. Pitching it wrong

Read the rest of the article on www.techinasia.com