Proof of Concept (POC) grants are competitive grants used to prove technology ideas at the conceptualization stage. It is recognized that there are risks in the early R&D efforts of innovative technologies and thus, government agencies such as SPRING and NRF utilize POC grants to boost entrepreneurs’ efforts to commercialise their R&D.
SPRING POC grants
SPRING provides a POC grant for start-up companies in the following areas:
- Electronics, photonics & device technologies
- Chemical, advanced materials & Micro/Nanotechnology
- Information & Communication Technology (excluding IDM)
- Biomedical Sciences (excluding Drug Discovery)
In addition, SPRING also provides a Proof of Value (POV) grant for further R&D work on technology projects, including development of a working prototype. POV grants are usually utilised at a stage where the POC has been developed, and commercial validation is required.
NRF POC grants
NRF POC grants are for researchers within Institutes of Higher Learning (IHL). Applicants for NRF POC grants must conduct R&D work within the IHL.
NUS Entrepreneurship Centre (NEC) is familiar with the application process for both SPRING POC/POV and NRF POC grants. It is also able to leverage its pool of mentors and managers to strengthen applications for these grants.
For details on qualifications or application processes please feel free to contact NEC at neiquery@nus.edu.sg.