GAP Funding New

What is it about?

Research commercialisation grants of up to $120,000 each will be awarded to teams to develop SUTD IP into a working prototype with the intent of starting a spinoff company. Proposals are evaluated based on the technical innovation, commercial feasibility, and the capability of the team.

Teams will receive regular consultations and ecosystem support from our in-house venture partners and mentors-in-residence.

You can expect:

• Up to $120,000 funding

• Dedicated mentor support

• In-house venture partner support

• Incubation Resources

• Tailored Programme guidance

• Investor pitching opportunities

• Team matching opportunities

Judging Criteria

Including but not limited to

Commercialization Potential

How large is the market and how fast is it growing?
Does the project have a clear market development roadmap?
Does the business have potential to be scalable?

Technical
Innovation

How different is the technology compared to what available in the market?
Does the project have a clear technology development roadmap?

Capability of the Management Team

Technical Capabilities of development team
What relevant skills do the team members possess?
What roles will the current team members play?
Business development and commercial experience of team members

Terms & Conditions

Awarded teams must go through and complete the National Lean Launchpad Programme and ARISE (Accelerating Research and Innovation for SUTD Entrepreneurs) Programme

Awarded funds are subjected to indirect research cost and will be disbursed through reimbursements

Funds are to be utilized according to the list of fundable items and within the awarded project duration

SUTD VIE reserves the right to make any changes to any guidelines and submission templates

Eligibility

SUTD IP must form the core of the business.

The project applied must not be previously incorporated.

Principal Investigator leading the team must be a faculty member.

Team members can include students/alumni/researchers and/or external parties.

Eligibility

SUTD IP should form the core of the business.

The project applied should not be previously incorporated.

Principal Investigator leading the team should be a faculty member. Team members could include students/alumni/researchers and/or external parties.

Application Process

Call for proposal for the GAP Funding will be opened to SUTD faculty members and researchers in the first quarter of the year.

Submit your completed Project Proposal, Technology Disclosure form (if applicable) and Presentation Deck to entrepreneurship@sutd.edu.sg

An email confirmation will be sent to notify that your proposal has been received. If you did not receive any confirmation email, please check in directly with entrepreneurship@sutd.edu.sg.

Upon submission, VIE will assess the project eligibility. Shortlisted start-ups will be invited to submit their pitch deck and to be evaluated by a panel based on its technical feasibility and commercialization potential. Successful applicants will be directly contacted by VIE via call or email.