Mobile Drawer
 

Applications for TECS are accepted and evaluated all-year-round.

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TECS Briefing
Interested parties are strongly advised to attend the TECS Briefing. TECS officers will be there to assist individual enquiries. Registration for the 2 Apr session is now open. Click here to register.

Briefing Dates for Year 2015
Dates : 2 Apr, 8 May 
Time : 10am
Location : Solaris, Pinnacle Rm 1 & 2, Level 1

Technology Enterprise Commercialisation Scheme (TECS)

Have an innovative and potentially market-changing technology solution you really believe in? Need Proof-of-Concept or Proof-of-Value funding? You can now offset the cost of bringing it closer to market with the Technology Enterprise Commercialisation Scheme (TECS).

Technology Enterprise Commercialisation Scheme at a Glance

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 development 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 developmental efforts towards the commercialisation of proprietary technology solutions.

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 solution/concept.

 

Eligibility

Your Solution 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 (i) has the potential to disrupt an existing market; or (ii) to replace, or even create, a new market/purpose/niche.)
  3. Lead to or build on proprietary know-how/IP
  4. 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. Core activities to be carried out in Singapore
 

Qualifying Projects

Your project must be either a :

Proof-Of-Concept Project

Your solution 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 solution 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 development of 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
  • Founders' salaries will not be supported for POC projects
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.
 

How to apply

Briefing Session

  1. Attend the TECS briefing session at SPRING Singapore to find out if the scheme is suitable for you. Our officers will be present to address your enquiries.

Before you apply

  1. Submit an executive summary of the project for an initial assessment. Download the Executive Summary template (pdf, 62KB).
  2. Email the completed documents to : TECS@spring.gov.sg.

Proposal submissions

  1. Suitable applicants will be required to submit a project proposal with a cost breakdown. Download the Project Proposal (pdf, 120KB) and the Cost Breakdown (pdf, 66KB) templates.
  2. Register as a user at TECS Portal. Your user ID & password will be emailed to you.

    Companies must provide all relevant details as best as possible, which will include :
    • Shareholding structure
    • Paid-up capital / fixed assets & investments
    • Number of employees of parent companies / subsidiaries, where applicable
    • Key company executives
  3. Log in & submit your proposal and cost breakdown.
  4. Selected applicants will go through 2 more stages of evaluation. Click here for more details on the subsequent stages of evaluation.

 

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.
Evaluation Process

Related Links & Resources

  • Online application at the TECS Portal
  • Download the TECS FAQs (pdf, 55KB).
  • Download the TECS Brochure (pdf, 593KB).
  • Agency for Science, Technology and Research (A*STAR) Science and Engineering Research Council (SERC)
    The Science and Engineering Research Council promotes public sector research and development in Science and Engineering with a focus on fields essential to Singapore's manufacturing industry (especially electronics, infocomms, chemicals and precision engineering).

    The Science and Engineering Research Council has in place various funding schemes to support researchers and scientists in work related to the areas of science and engineering.
  • National Research Foundation Research, Innovation, and Technology Administration System
    The grant administration IT system for the Singapore National Research Foundation (NRF), a department under the Prime Minister's Office. The RITA system is the portal on which the NRF puts out calls for proposals and allows the research community in Singapore to submit their proposals online.

    The NRF also administers a similar POC grant which is applicable to IHL-linked researchers.
  • Infocomm Development Authority of Singapore (IDA)
    The strategic goal of the IDA is to cultivate a vibrant and competitive infocomm industry in Singapore - one that attracts foreign investment and sustains long-term GDP growth through innovative infocomm technology development, deployment and usage in Singapore - in order to enhance the global economic competitiveness of Singapore.

    Find out more in this website about the opportunities or initiatives available under the IDA for companies interested in ICT-related projects.

Last Updated on : 05 Mar 2015

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