The Commercialisation Grant provides researchers at SMU initial funding to facilitate the process of commercialising technologies. The Commercialisation Grant will be offered through a competitive application process to projects that meet the eligibility and evaluation criteria of the Grant.
The Grant is for a sum up to $250,000 SGD and will be awarded for the development and delivery of a well-defined business opportunity attractive to start-up company formation or licensing to a commercial firm, especially in the following areas:
- Data Analytics
- Cyber Security
- Artificial Intelligence
- Smart Cities (Logistics, Mobility, Healthcare, Leisure & Tourism, Safety & Security, Education)
SMU may collaborate with corporates/industry partners to run specific Challenge Statement in the areas listed above to administer the Grant, with potential additional funds sponsored by the corporates/industry partners.
The sum of $250,000 SGD will be for one year and subject for renewal. The disbursement is based on actual expenses and work carried out during the Grant period, in the form of reimbursement.
Eligible project team should consist of the following:
- Lead Principal Investigator (PI)(must be SMU faculty)
- CxO/Entrepreneur Lead (SMU student or others, ideally someone who works in the same lab, e.g. PhD student, Post Doc or familiar with the technology) who can take the business forward
- A volunteer industry mentor (optional)
Project that has preferably passed the publication stage, working on demo/prototype of the technology, and has higher Technology Readiness Level (TRL). A multi-disciplinary project team is strongly encouraged and will be given priority.