Business

Who could Apply for R&D Grant Offered by SIIRD

If you were wondering about who could apply for the r&d grant, rest assured the Singapore-based companies and Israel-based companies should submit a joint application. However, these companies should be registered in their respective nations. It would be pertinent to mention here that either company should not have more than 20% shareholding in the partnering company.

Rest assured that the joint project should be undertaken in Singapore and Israel, having a minimum 30% of the actual research and development work done in both the nations respectively. Moreover, the product and technology developed should be competent for commercialization. Companies should contact SIIRD managers in their respective nations to gain knowledge about the application process.

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