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Singapore Israel Industrial R&D Foundation Collaborate To Innovate

Singapore Israel Industrial R&D Foundation Collaborate To Innovate. May 2008. About SIIRD. since 1997: Co-operation between Singapore’s EDB (Economic Development Board) & OCS (Israel’s Office of Chief Scientist)

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Singapore Israel Industrial R&D Foundation Collaborate To Innovate

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  1. Singapore Israel Industrial R&D Foundation Collaborate To Innovate May 2008

  2. About SIIRD • since 1997: Co-operation between Singapore’s EDB (Economic Development Board) & OCS (Israel’s Office of Chief Scientist) • Mission : To promote, facilitate and support joint Industrial R&D projects between companies from Israel and Singapore

  3. Organizational Chart

  4. About SIIRD- budget info’ • US$3 million fund per year • An average of 10 projects approved per year • As at May 2008, 74 Projects approved (software, IT, electronics, gaming etc.) • Facilitated R&D Investment of over US$ 70 million & Employment of more than 1,000 Scientists & Engineers

  5. What is an R&D project ? • Development of new technology that would lead to a new innovative product • Upgrade of existing technologies into a new “upgraded product” and innovative customization • Integration of some technologies into an innovative technology applications • ALL SECTORS / TECHNOLOGY AREAS

  6. Matchmaking Support - Provide matching and brokerage assistance for companies from Singapore and Israel keen on R&D collaboration Information - Provide linkage to Government agencies and organizations in Singapore and Israel About SIIRD – Support & Services

  7. SIIRD Funding Support • Funding support - can reach a ceiling of US$750,000 (or ~ S$1 million*) * 1.3 SGD = 1 USD • Funding support - up to 50% of qualified R&D cost items in a project • One condition - At least 30% of the actual R&D cost must be spent in Singapore & in Israel (both companies should be R&D companies) • A conditional Grant = Repayable - if the project is successfully commercialized, royalties should be paid to SIIRD (2.5% of annual sales) or…..

  8. Savings in RepaymentGrants of 2.5% of annual sales or

  9. Eligible Cost Items of SIIRD Funding • Direct Manpower • Consultancy & Sub-Contractors • Equipment • Expendable Material & Supplies • Travel Between Singapore & Israel • Upon Approval -25% Overheads + 5% G&A

  10. Types of SIIRD Funding Full-Scale R&D Project • Fund between US$100,000 and US$750,000 or • Up to 50% of the eligible R&D costs • Project duration between one to three years • Mini R&D Project • Fund up to US$100,000 or • 50% of the eligible R&D costs • Project duration not more than one year Time Feasibility Study • Fund up to US$30,000 • OR 50% of the eligible costs Financial Support

  11. Benefits of Joint R&D Collaboration • SIIRD shares companies’ risk in facilitation of new products development • Increase ability to create innovative product features • Expand product portfolio for new customers and markets • SIIRD does not take equity • SIIRD does not acquire Intellectual Property rights developed

  12. Evaluation Process Project Evaluation & Review process • Parallel Evaluations in Israel by OCS evaluators and in Singapore – by Professors from universities such as NUS (National University of Singapore). • Approval by SIIRD Board Of Directors • If approved …… • Reviews (Interim & Final) by SIIRD Israel & Singapore

  13. Lighting Energy Management System (LEMS) Project Recent Approved Project Hardware Accelerated AI for Innovative Massive Multiplayer (MMP) Game

  14. Partner Search Request http://www.siird.com

  15. R&D Opportunities in Israel http://www.siird.com

  16. SIIRD Important Events • CommunicAsia Singapore Biggest Telecom Exhibition in Asia Pacific 17-20 June 2008 • Water Expo Singapore 24-26 June 2008 • Telecom Israel 4-6 November 2008

  17. TODA RABA THANK YOU

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