Research Incentive Scheme for Companies (RISC): Who Qualifies and What You Get
Learn how companies can access funding for R&D manpower, equipment, and operational costs through this Singaporean incentive scheme.
The Research Incentive Scheme for Companies (RISC) provides financial support to businesses that set up research and development centers within Singapore.
Who it's for
This scheme is designed for companies that are establishing dedicated R&D centers in Singapore.
What you get
You can receive funding to help cover several key costs, including:
- Manpower for your research and development teams.
- Necessary equipment for your research activities.
- General operational costs related to your R&D efforts.
What it costs you
While the scheme provides financial support, it requires a significant commitment. You must commit to maintaining a specific number of R&D staff members and making long-term investments in Singapore.
The catch to know
To qualify, your company's research activities must align with high-level strategic national economic goals.
How to apply
- Review the eligibility requirements regarding your company's R&D activities.
- Prepare documentation regarding your planned headcount and investment levels.
- Submit your proposal through the official government portal.
Visit the official portal for more details: https://www.edb.gov.sg