Singapore, Shanghai call for joint innovation projects proposal submission
Enterprise Singapore and the Science and Technology Commission of Shanghai Municipality (STCSM) have launched the first joint call for innovation projects between the two cities, according to a press statement.
The organisations invited Singapore- and Shanghai-based companies to submit their joint project proposals on the development of innovative products or services with strong commercial potential.
Dubbed The Singapore-Shanghai Joint Innovation Call, this initiative aims to facilitate deeper cross-border collaboration between enterprises in the two cities. It will open up new opportunities for exchange market knowledge and technology interests, and co-innovate solutions together for the global market.
Enterprise Singapore and STCSM will provide funding support for jointly supported projects. The project consortium must have at least one company from each participating country to qualify for funding.
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The organisations will officially be calling for proposals in February 2020.
The programme is open for companies working in all technological and application areas, with a focus on sectors such as biopharmaceuticals and life science, urban solutions and smart cities development.
According to a spokesperson for Enterprise Singapore, the products, process, or services submitted to the programme “must be innovative, and should have an obvious benefit and added value resulting from the technological cooperation between the participants from the different countries, such as increased knowledge base, commercial leads, and access to R&D infrastructure.”
The Singapore-Shanghai Joint Innovation Call was one of the five MOUs signed at the inaugural Singapore-Shanghai Comprehensive Cooperation Council (SSCCC) meeting in Shanghai in May.
The event discussed the enhancement of collaborations and connectivity between the two cities, in specific areas such as ease of doing business and financial cooperation.