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Research and Innovation Scheme for Companies RIS(C)

Accelerate Innovation with the RIS(C) Grant 

The Research and Innovation Scheme for Companies (RISC) is a premier EDB programme that supports technology development and innovation activities performed in Singapore. It is specifically designed to help businesses expand their R&D teams and bring new or significantly improved products and processes to market. Whether you are establishing a new centre of excellence or rapidly scaling your innovation pipeline, FI Group ensures your project is strategically positioned for maximum grant success.

FI Group Advantage

We provide end-to-end grant advisory, from eligibility checks and project scoping to application preparation and compliance, so you can focus on innovation while we handle the complexity.

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Who is Eligible?

The RISC grant offered by EDB targets companies committed to making significant, long-term investments in Singapore’s economy.

Key Criterion Description
Company Eligibility Companies incorporated in Singapore or branches of foreign companies registered in Singapore.
R&D Project Scope Must involve new R&D or innovation activities (not routine changes), covering phases from early-stage research and ideation to prototype development and technological development. Projects should align with national priority sectors.
Strategic Investment Must demonstrate a commitment to making significant new or expanded investments that strengthen Singapore’s economic competitiveness.
Expected Outcomes Development of new or significantly improved products and processes, expanded R&D teams, increased innovation investment, and the establishment of centres of excellence.
Qualifying Expenditure
Qualifying Expenditure

RISC co-funds several categories of expenditure essential for R&D and innovation activities:

  • Manpower

  • Capital expenditure

  • Where relevant: professional fees, freight & logistics, materials & consumables, intangible assets, training, and financing costs.

 

Exclusions

The following costs are typically not supported by the RISC grant, making early scoping critical for success:

  • Depreciation and amortisation

  • Maintenance costs

  • Overseas-incurred costs and manpower not based in Singapore

GRANT SUPPORT PROCESS 2

Why choose FI Group for your RIS(C) Claim?

Our Service Offering in Grants

We empower businesses to maximise their innovation potential through strategic grant support. Our holistic approach ensures every stage of your funding journey is optimised

Funding & Support Rates

RIS(C) is awarded on a reimbursement basis for qualifying costs incurred during a fixed 3-year Qualifying Period

Category Qualifying Cost Rate
Local Manpower Basic monthly salaries (excluding CPF contributions) of qualifying personnel during months of direct involvement in the Project within the Qualifying Period. To qualify for support, monthly basic salary must be at least S$5,000, and is capped at S$20,000. 60%
Foreign Manpower Basic monthly salaries of qualifying personnel during months of direct involvement in the Project within the Qualifying Period. To qualify for support, monthly basic salary must be at least S$5,000, and is capped at S$20,000. 30%
Equipment Equipment costs include purchase price, principal repayments (excluding financing interest) for equipment bought on hire purchase, and lease payments, all of which must be used in the Project and incurred during the Qualifying Period. They also include any direct costs attributed to bringing the equipment to working condition, such as delivery, calibration and installation costs. 30%

Frequently Asked Questions

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.

More About RIS(C)

Discover more about the Research and Innovation Scheme for Companies
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