Technology Enterprise Commercialisation Scheme (TECS)
 
  • Adjust font size : AAA
  • Email Page
  • Print
  • Download as PDF

 Technology Enterprise Commercialisation Scheme (TECS)

Overview

SPRING is committed to the growth and development of innovative and competitive enterprises. As part of our efforts to develop a new breed of technologically innovative global enterprises, the Technology Enterprise Commercialisation Scheme (TECS) aims to catalyse the formation and growth of such start-ups based on strong technology Intellectual Property and a scalable business model.

We recognise the risks involved in the R&D of entirely new, innovative and potentially market-changing technology IP. Hence, through the TECS, SPRING provides early-stage funding to successful applicants to fund such R&D efforts towards the commercialisation of proprietary technology ideas.

The TECS is a competitive grant in which proposals are evaluated based on both technical and commercial merits by a team of reviewers, and the best are funded. Applicants may apply for either the Proof Of Concept (POC) grant or the Proof Of Value (POV) grant, depending on the stage of development of the technology or idea/concept.

Eligibility

Your Idea Or Project Must :
  1. Clearly demonstrate how science/technology is applied
  2. 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.)
  3. Riskier and further away from the market
  4. Lead to or build on proprietary know-how/IP
  5. Be commercially viable
Applicants Can Be :

Start-up Companies

  1. Registered for less than 5 years at time of award
  2. At least 30% local shareholding
  3. Company’s group annual sales turnover is not more than $100 million or group employment size is not more than 200 workers
  4. Incorporated & physically present in Singapore
  5. At least one in-house research scientist or engineer (RSE)
OR

Research Scientists and Engineers (POC Projects Only)

  1. Currently working in a public sector research organization, excluding Institutes of Higher Learning (IHLs)
  2. Willing to demonstrate entrepreneurial commitment to the commercialisation of any IP that arises from successful completion of the project

Qualifying Projects

Your project must be either a :

Proof-Of-Concept Project

Your idea is at the conceptualisation stage, and the technical / scientific viability still needs to be proven.

You should clearly explain the innovative science or technology concept behind the idea that is to be proven in the proposal. Individual applicants from public sector research institutes must demonstrate entrepreneurial commitment to continue their technology commercialisation work upon successful completion of the project.

Up to 100% of qualifying costs for each project will be supported, subject to a maximum of S$250,000.

OR

Proof-Of-Value Project

You already have a technically / scientifically viable concept (proof-of-concept available), and you wish to carry out further R&D or develop a working prototype, to validate the commercial merit of an established concept.

You need to show the technology concept you are building on, and the commercial merit to be validated. You will also be required to demonstrate proof-of-interest from a potential customer or 3rd party investor, and the necessary business competencies to execute the project.

Up to 85% of qualifying costs for each project will be supported, subject to a maximum of S$500,000.

Your project should fall under one of the following areas :

Electronics, Photonics & Device Technologies Chemicals, Advanced Materials & Micro/Nanotechnologies 
  • Internet of Things (IOT)
  • Silicon Photonics
  • Wearable Electronics
  • Sensors and Actuators
  • Satellite Technologies
  • SMART Materials
  • Composite Technology
  • Nano Materials
  • Additive Manufacturing

Information & Communications Technologies

Biomedical Sciences
(Excl. Drug Discovery)
  • Mobility Technology
  • Infocomm Security Technology
  • Infocomm Infrastructure and Architecture
  • Business Analytics/ Big Data/ Predictive Technologies
  • Cloud Computing
  • High Throughput Communications 
     
  • Diagnostic and Implantable Systems
  • Medical Device Technology
  • Healthcare IT
  • Synthetic Biology
Water Technologies
  • Seawater Desalination
  • Biological Processes
  • Chemical Redox
  • Watershed Management
  • Water Supply Processes
  • Sensors & Instrumentation
  • Sludge & Brine Management
  • Climate Change


Qualifying Costs

Basic Manpower Costs
  • Salaries plus employer’s CPF contribution, excluding bonuses
  • Salaries for personnel with substantial stakes in the company are not supported under the POC grant

Professional Services

  • Includes consultancy, sub-contracting or prototyping costs by third party local companies
Equipment / Software
  • Includes purchase price, and costs related to commissioning and operation (eg. Delivery, installation, handling, etc.)
  • Only Project-related technical software is supported

IP Rights (IPR)
- Materials & Consumables

  • Includes licensing & technology acquisition costs from non-related parties
Other Operating Expenditure
(Subject
to approval)
  • General Airfare and COLA directly related to the project
  • Training by external parties intrinsic to the project
  • Patent-related costs
  • Rental of specialised equipment or facilities

Points to note :
Project must not have commenced at the time of proposal submission.
Work should be done by the applicant (company), in Singapore, unless otherwise justified.

Projects Evaluation

The evaluation criteria include, but are not necessarily limited to :
  • Strength of the Scientific / Technical Idea & Approach
    • Strength and Innovativeness of Overall Idea and Approach
    • Technical Feasibility of Project
    • Conceptual Framework, Design and Methodology
  • Ability to successfully carry out the project
    • Scientific / Technical Capabilities of Development Team
    • Business Competencies of Management Team
    • Access to Relevant Resources (Eg. Specialised Laboratories & Equipment)
  • Commercialisation Potential
    • Potential Manufacturability / Scalability
    • Potential to Attract Market Demand or Further Funding
    • Defensibility of Intellectual Property
  • Overall Impact of Project
    • Economic Benefits to Singapore

Evaluation Process

There are three stages of selection :
  • Stage 1 (Preliminary Assessment)
  • Stage 2 (Technical & Commercial Evaluation)
  • Stage 3 (Final Panel Evaluation)
Stage I
Upon submission of executive summary, SPRING Singapore will assess the project’s eligibility. If suitable, applicants will be required to submit a project proposal with a cost breakdown.

Stage II
Proposals are assessed for the innovativeness, technical feasibility and commercialisation potential.

Stage III
Shortlisted (both POC and POV) applicants from Stage II evaluation will present their proposals to a final panel comprising of industry experts. The decision of the evaluation panel at any stage is final.
 
Note : POC/POV applications for ICT will be evaluated by IDA, and POC/POV applications for Water Technology will be evaluated by PUB..

TECS Evaluation Process
Need Assistance?

Contact EnterpriseOne
(General and Application enquiries)
Hotline : (65) 6898 1800
Email : enterpriseone@spring.gov.sg

For project-specific enquiries, please email :
ida_startups@ida.gov.sg
(For ICT projects)
tecs@spring.gov.sg
(For all other technology areas)
PUB_EWI@pub.gov.sg
(For water technology projects)

Please allow at least 3 working days for us to revert as the response time may vary due to evaluation processes.
TECS Briefing
Interested parties are strongly advised to attend the TECS Briefing. TECS officers will be there to assist individual enquiries.

Drop us a note at TECS@spring.gov.sg, with subject title - "Registration for TECS Briefing". Please include your name, designation, company name & contact details of each attendee.

Briefing Dates for Year 2014

Dates : 5 Sep, 3 Oct, 7 Nov, 5 Dec

Time : 10am

Location : Solaris, Pinnacle Rm 1 & 2, Level 1
Last Modified Date :17 Aug 2014