Research and Innovation Scheme for Companies RIS(C)

Silhouettes of business professionals shaking hands in front of digital financial graphs and a connected globe, symbolizing global collaboration and business growth under the Research and Innovation Scheme for Companies RIS(C).

Programme:Research and Innovation Scheme for Companies (RIS(C))

Awards:Support at 60% for local manpower and 30% for foreign manpower/equipment of qualifying costs

Beneficiaries:allcompanies

Key Features:Supports companies in Singapore to expand R&D/Innovation teams and execute new R&D or innovation projects that develop new or significantly improved products or processes

KEY INFORMATION

Grant Provider
Singapore Economic Development Board (EDB)

Max Amount / Support Rate
Not Disclosed; 60% for local manpower, 30% for foreign manpower and equipment

Project Duration
3 years (fixed Qualifying Period)

REQUIREMENTS

Company registered or incorporated and physically present in Singapore
Project must be new R&D in science/technology or new innovation to develop or improve products/processes; adoption/routine changes are excluded
Qualifying personnel must be directly involved; supporting functions (e.g., marketing/finance/HR) are excluded
Salary eligibility: at least S$5,000 basic monthly, capped at S$20,000 for support
For purchased equipment, items must be commissioned/delivered before the last 6 months of the Qualifying Period; leased equipment exempt from this timing rule

EXPECTED OUTCOME

New or significantly improved products or processes
Expansion of R&D and Innovation teams in Singapore
Increased R&D and innovation expenditure in Singapore
Delivery against milestone conditions set by EDB

SUPPORT RATE

Support Rate

60% (local manpower);
30% (foreign manpower and equipment)

Qualifying Expenditure Details → Basic monthly salaries of qualifying personnel directly involved in the project; equipment purchase/hire purchase principal/lease and direct costs to bring to working condition (e.g., delivery, calibration, installation)

SUPPORTED PROJECTS

New R&D projects in science and technology to develop or improve products or processes
New innovation projects to develop or improve applications, products or processes
Product innovation brought to market; process innovation brought into use by the company

OTHER IMPORTANT INFORMATION

Disbursement is reimbursement-based; audited claims required, with max one claim per calendar year
One RIS(C) grant per company during the Qualifying Period; no package upgrades after award

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Frequently Asked Questions

Everything You Need to Know About the RISC Grant

From eligibility to funding scope, this section covers the key details companies often ask when exploring the RISC grant for their innovation projects in Singapore.