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  • Writer's pictureJuana Morell de España

2024 Call for R&D Collaboration: Singapore and South Korea joining forces

2024 Call for R&D Collaboration: Singapore and South Korea joining forces
Futuro Perfecto Innovación

Eureka open calls for The Singapore and South Korea R&D projects is an exciting initiative aimed at fostering international collaboration in innovation and technology. Opening on February 13, 2024, and closing on June 27, 2024, this call seeks to bring together organizations from both nations to work on groundbreaking research and development projects.

Funded by Enterprise Singapore and the Korea Institute for Advancement of Technology (KIAT), the initiative underscores the importance of cross-border cooperation in addressing global challenges and advancing technological progress.

Although the call is open to all thematic areas, particular emphasis is placed on the following domains:

  • Bio Economy: Encompassing bio and medical technologies, biopharmaceuticals, biochemicals, bioenergy, biomedical equipment, biofoods, and bioinstruments.

  • Smart Cities and Digital Transformation: Innovations aimed at making urban environments more intelligent and connected.

  • Artificial Intelligence and ICT: Projects that advance AI and information and communication technology.

  • Carbon Reduction and Future Mobility: Efforts to reduce carbon footprints and develop next-generation transportation.

  • Semiconductor: Enhancing semiconductor technologies, crucial for various electronic devices.

Singapore (EnterpriseSG) Supports projects through the Enterprise Development Grant, which can cover up to 70% of qualifying costs for SMEs and 50% for non-SMEs.

Eligible costs include third-party consultancy fees, software and equipment, and internal manpower.

Additional funding is available for unionized companies, Employment and Employability Institute,  e2i partners.

South Korea (KIAT) provides up to KRW 500 million (approx. 370,000 euros) annually for projects, with a maximum duration of three years.

Funding consists of government grants and civilian contributions, with specific regulations detailed in Articles 24 and 25 of the Common Operational Regulations for Industrial Technology Innovation Programs.

To participate, consortia must include at least one company from Singapore and one from South Korea. Key requirements include: Projects must focus on developing innovative products, processes, or services aimed at commercialization.The project should have a civilian purpose, and no single organization or country should account for more than 70% of the project budget.

Singapore Applicants:

  • Must be a business entity registered and operating in Singapore with at least 30% local ownership.

  • Need to be financially viable to complete the project.

South Korea Applicants:

  • Must include at least one private enterprise, with research institutes or universities welcome as additional participants.

  • Companies should have operated for over a year and possess a “Corporate R&D Centre Certification.”

Applicants will need to follow these three steps for the application process:

  1. Initial Contact: Prospective applicants should first discuss their project idea with their national funding body to confirm eligibility and financial viability.

  2. Application Submission: Create an account on the Eureka application portal, complete the necessary forms, and upload required documents, including a GANTT chart and a co-signature form.

  3. National Procedures: Both Singaporean and Korean applicants must fulfill additional national submission requirements by June 28, 2024.

In conclusion, the Eureka open calls for Singapore and South Korea R&D projects represent a significant opportunity for fostering international collaboration in technology. The initiative aims to address global challenges and drive technological advancements. With substantial funding and support from both countries, participating organizations can develop groundbreaking projects with strong commercial potential.

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