Frequently asked questions

Who is eligible to participate? Can I participate if I am an international company?


We are looking for innovative startups and SMEs that can develop a solution that addresses our challenges. Participants can be located anywhere in the world but must have the material intent to establish in Singapore, have key development activities in Singapore, develop and test their solutions with the challenge statement owners on project sites in Singapore during and after the Challenge and/or partner with a local industry player.

  • The BEAMP-NIC track is open to all Singapore-based companies and Singapore-based expenditure.
  • Do note that funding support for the BEAMP track will be available only for Singaporean-owned SMEs while tech matching facilitation may be provided for other participants. Eligible local SMEs have a minimum of 30% local shareholding, with less than 200 employees or a group annual turnover of less than SGD100 million.




Can public researcher(s) from Institutes of Higher Learning (IHLs) and Research Institutes (RIs) participate in this challenge?


Public researcher(s) can participate by either:

  1. Registering a new spin-off that has commitment to license the technology, led by a committed, balanced and capable team
  2. Contributing to a joint submission with industry partners (the industry partner has to co-develop the solution, lead the proposal submission and eventually commercialise the proposed solution).

    Additionally, specific to BEAMP-NIC 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.




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 solution proposals as there are challenge statements, by making your submission more than once. Do refer to the complete list of challenge statements. We do advise for you to tailor your submissions to the context of the challenge statement




When is the deadline for submissions?


Submissions will officially close on Monday, 8 March, 2359hrs (UTC+8).




What are the evaluation criteria?


All submissions will be assessed based on the following criteria:
Effectiveness

  • How clear is the proposal in addressing the outlined challenge?
  • How effective is the solution in solving the challenge statement?

Feasibility
  • How sound is the proposal for the pilot?
  • In terms of time, effort, and cost, how likely will users / stakeholders adopt their solution?

Innovativeness
  • How does this proposed solution compare to the next best alternative?
  • Does the team have the technical capabilities to customize a solution for the context of this challenge?

Credibility
  • 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?

Commercial Viability
  • Is the solution in-demand and scalable?
  • Is there a go-to-market strategy?




Will I have to give up any equity or IP?


All background intellectual property (IP) rights are owned by creators. Any commercialisation of foreground IP generated during this Programme shall be negotiated independently between programme participants and respective Challenge Statement owners. Any discussion on equity would be conducted separately and independently between the innovator and the challenge statement owner.




What is the funding support available?


Eligible innovators have to first receive a Letter of Intent (LOI) from the respective Challenge Statement Owner, after their submissions are shortlisted for consultation with the Challenge Statement Owners. A. For challenge statements under the BEAMP-NIC Track:

  • Awarded innovators stand to benefit from up to S$2 million in co-funding grant support of National Innovation Challenges funding at various stages from prototype, deployment to adoption.

    Up to S$1 million is allocated to selected enterprise(s) in solution development projects. The remainder of up to S$1 million is allocated to support industry adoption of co-developed solutions.
  • Singapore-based enterprises can qualify for co-funding support for qualified costs, if core development activities are performed in Singapore.
B. For challenge statements under the BEAMP Track:
  • Enterprise Singapore will support local SMEs the Enterprise Development Grant (“EDG”) (for eligible enterprises) with up to 70% of qualifying costs, capped at S$30,000 for the Accelerate Solution Development (ASD) phase and S$250,000 for the Market Development (MD) phase.
  • Participants are required to submit a grant proposal through the Business Grant Portal, and receive a Letter of Intent (LOI) from the respective Challenge Statement Owner. The proposal and agreement will then be reviewed by Enterprise Singapore to determine the final amount of funding.
To note for both tracks:
  • Local SMEs is defined to have a minimum of 30% local shareholding, with less than 200 employees or a group annual turnover of less than SGD100 million)
  • Local non-SMEs can be funded up to 50% of qualifying project cost, subjected to the same funding caps for both phases
  • Indicative examples of qualifying and non-qualifying costs are:

Find out more about funding in the Terms & Conditions.




What is the difference between BEAMP-NIC Track and BEAMP Track?






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