Frequently asked questions
Who is eligible to participate?
This competition is open to all startups and SMEs across the world.
SMEs are companies with less than 200 employees or an annual turnover of less than SGD100 million.
For Enterprise Track challenge statements, participants must be incorporated in Singapore with at least 30% local shareholding (Singaporeans / PR).
How can I participate?
To participate, please complete our application form.
How many challenge statements can a company submit proposals for?
You are free to submit as many solutions as there are problem statements. Check out the complete list of challenges.
What is the deadline for submissions?
What are the evaluation criteria?
All submissions will assessed based on the following criteria:
How clear is the proposal in addressing the outlined challenge?
How effective is the solution in solving the challenge statement?
How sound is the proposal for the pilot?
Is the solution technically feasible and scalable?
In terms of time, effort, and cost, how likely will users / stakeholders adopt their solution?
How does this proposed solution compare to the next best alternatives?
Does the team have the technical capabilities to customize a solution for the context of this challenge?
Do the founders and team have relevant past experience and successes?
Does the company have a strong portfolio of clients or investors to sustain their business?
Will I have to give up any equity or IP?
Please refer to the ‘ Intellectual Property’ section under our Terms & Conditions for more information.
What is the difference between the Enterprise Track and the Industry Track?
What is the funding support?
Can public researcher(s) from Institutes of Higher Learning (IHLs) and Research Institutes (RIs) participate in this challenge?
Registering a new spin-off that has commitment to license the technology, led by a committed, balanced and capable team
Contributing to a joint submission with industry partners (the industry partner leads the proposal submission and commercialises the solution).
Additionally, specific to Industry Track Challenge Statements, separate funding may be provided by National Research Foundation (NRF) Singapore to public researchers to collaborate with Singapore-based enterprises for POC/prototyping and pilot deployment. This funding will be for IHLs/RIs' incurred cost and will not overlap with costs funded to enterprises. IHLs/RIs would require the endorsement of the Innovation and Enterprise Office (IEO). For additional details, please refer to your respective IEO.
Note: All proposals are to be submitted by an incorporated company.