<TABLE border=0 cellSpacing=0 cellPadding=0 width=452><TBODY><TR><TD vAlign=top width=452 colSpan=2>Published June 5, 2009
</TD></TR><TR><TD vAlign=top width=452 colSpan=2>21 tech start-ups receive $8m from Spring
By MICHELLE YEO
<TABLE class=storyLinks border=0 cellSpacing=4 cellPadding=1 width=136 align=right><TBODY><TR class=font10><TD width=20 align=right>
</TD><TD>Email this article</TD></TR><TR class=font10><TD width=20 align=right>
</TD><TD>Print article </TD></TR><TR class=font10><TD width=20 align=right>
</TD><TD>Feedback</TD></TR></TBODY></TABLE>
TECHNOLOGY start-ups will now get help to take their ideas to the market - Spring Singapore has added new terms to its Technology Enterprise Commercialisation Scheme (TECS) in the second TECS grant call.
Twenty-one new companies, out of 220 submissions, were presented with TECS awards yesterday by Spring chairman Phillip Yeo. Their grants amount to $8 million, out of the $75 million scheme.
Thirty-eight awards have been made since TECS was launched in April 2008.
New additions for the second grant call are, first, a new sector - info-communications technology (ICT). More than half of the 220 submissions came from this new sector.
The other sectors are biomedical sciences, electronics, photonics and device technologies, chemicals, materials science and nanotechnology.
Another update to the scheme is that Spring will accept applications for TECS year-round, instead of for a period of a few months.
'This will allow the scheme to be more responsive to the needs of our entrepreneurs and start-ups,' Mr Yeo said.
<SCRIPT language=javascript> <!-- // Check for Mac. var strAgent; var blnMac; strAgent = navigator.userAgent; strAgent.indexOf('Mac') > 0 ? blnMac = true:blnMac = false; if (blnMac == true) { document.write('
'); } //--> </SCRIPT><TABLE border=0 cellSpacing=0 cellPadding=4 width=300 align=right><TBODY><TR><TD vAlign=top align=middle>
<!-- AdSpace --><IFRAME height=250 marginHeight=0 src="http://ads.asia1.com.sg/html.ng/site=tbto&sec=btointhenews&cat1=bnews&cat2=btointhenewsart&size=300X250" frameBorder=0 width=300 marginWidth=0 scrolling=no bordercolor="#000000"><script language='JavaScript1.1' src='http://ads.asia1.com.sg/js.ng/Params.richmedia=yes&site=tbto&sec=btointhenews&cat1=bnews&cat2=btointhenewsart&size=300X250'></script><noscript>
</noscript></IFRAME><!-- /AdSpace-->
</TD></TR></TBODY></TABLE>There are two types of grants: Proof-of-Concept (POC), which refers to the development of innovative technology ideas at the conceptualisation stage, valued up to $250,000; and Proof-of-Value (POV), which involves further research and development of a technology project to demonstrate its commercial viability, valued up to $500,000.
This time, there were eight POC award recipients and 13 POV award recipients.
Local ICT solutions provider Niometrics was awarded a POV grant for its project. The company, which started as an A*Star project, is developing a next-generation, two-way firewall to secure organisational networks from internal and external threats.
</TD></TR></TBODY></TABLE>
</TD></TR><TR><TD vAlign=top width=452 colSpan=2>21 tech start-ups receive $8m from Spring
By MICHELLE YEO
<TABLE class=storyLinks border=0 cellSpacing=4 cellPadding=1 width=136 align=right><TBODY><TR class=font10><TD width=20 align=right>
</TD><TD>Email this article</TD></TR><TR class=font10><TD width=20 align=right>
</TD><TD>Print article </TD></TR><TR class=font10><TD width=20 align=right>
</TD><TD>Feedback</TD></TR></TBODY></TABLE>TECHNOLOGY start-ups will now get help to take their ideas to the market - Spring Singapore has added new terms to its Technology Enterprise Commercialisation Scheme (TECS) in the second TECS grant call.
Twenty-one new companies, out of 220 submissions, were presented with TECS awards yesterday by Spring chairman Phillip Yeo. Their grants amount to $8 million, out of the $75 million scheme.
Thirty-eight awards have been made since TECS was launched in April 2008.
New additions for the second grant call are, first, a new sector - info-communications technology (ICT). More than half of the 220 submissions came from this new sector.
The other sectors are biomedical sciences, electronics, photonics and device technologies, chemicals, materials science and nanotechnology.
Another update to the scheme is that Spring will accept applications for TECS year-round, instead of for a period of a few months.
'This will allow the scheme to be more responsive to the needs of our entrepreneurs and start-ups,' Mr Yeo said.
<SCRIPT language=javascript> <!-- // Check for Mac. var strAgent; var blnMac; strAgent = navigator.userAgent; strAgent.indexOf('Mac') > 0 ? blnMac = true:blnMac = false; if (blnMac == true) { document.write('
'); } //--> </SCRIPT><TABLE border=0 cellSpacing=0 cellPadding=4 width=300 align=right><TBODY><TR><TD vAlign=top align=middle>
<!-- AdSpace --><IFRAME height=250 marginHeight=0 src="http://ads.asia1.com.sg/html.ng/site=tbto&sec=btointhenews&cat1=bnews&cat2=btointhenewsart&size=300X250" frameBorder=0 width=300 marginWidth=0 scrolling=no bordercolor="#000000"><script language='JavaScript1.1' src='http://ads.asia1.com.sg/js.ng/Params.richmedia=yes&site=tbto&sec=btointhenews&cat1=bnews&cat2=btointhenewsart&size=300X250'></script><noscript>
This time, there were eight POC award recipients and 13 POV award recipients.
Local ICT solutions provider Niometrics was awarded a POV grant for its project. The company, which started as an A*Star project, is developing a next-generation, two-way firewall to secure organisational networks from internal and external threats.
</TD></TR></TBODY></TABLE>
