Why Singapore?

"FOUR Singapore-Israel joint research and development projects worth some US$2.8 million have received fresh funding..." - TODAY, Singapore: Apr 1, 2008

Next project proposal submission deadline is
30th June 2008

Dr Eliezer Opper, Chief Scientist, Israel, "The mission of SIIRD is to support R&D projects of high novelty. We have realized that, while we support R&D projects of high novelty, companies are able to spend more resources on developmental projects that are of lower novelty. Projects of higher novelty tend to spin off more economic benefits." - Lian He Zao Bao, Singapore: Feb 23, 2008

"Next year, SIIRD will spend US$3 million to sponsor more joint R&D projects in areas such as clean technologies, alternative energies such as fuel cell and tidal power, telematics and digital media." - Business Times, Singapore: Nov 15, 2007

A message to Israeli companies.

Singapore has been ranked one of the best cities for business procurement in Asia by several reports. International reports critically analyse and rank countries based on a number of criteria ranging from political leadership, economic profitability, degree of corruption, risks in investment, and skills in workforce to assess a country's competitiveness as a business location.

Strategically located at the crossroads of Asia, Singapore aims to serve as a compelling business hub for interested investors from all over the world. The strategic geographical position is further complimented by a world-class infrastructure system that has been implemented to meet global business and industry needs. Singapore has top rated infrastructure in air, sea, telecommunications and industrial land creating a conducive environment for business to thrive.

Singapore is a compact, industrialised city-state. We do not have the land to grow crops. Neither are we competitive in labour intensive sectors like textiles and assembly-line manufacturing. Our economic strategy is to promote high value-added manufacturing sectors like wafer fabs, sophisticated electronic components, chemicals and pharmaceuticals, and services sectors like telecommunications, finance, logistics, life sciences, healthcare and education.

Singapore is a good launch pad for Israel companies seeking to globalise their businesses. We are host to nearly 6000 MNCs from all over the world, among which 3000 use Singapore as their regional headquarters. Israeli companies can collaborate with this large pool of MNCs to expand their businesses globally. Singapore is also a good place for them to raise funds, both equity and loans, including venture capital.

Industrial R&D partnering can be a highly effective way of expanding the technological and business scope of a firm. The two countries provide a sizeable market presence for any commercialisation of technology spawned out of joint R&D collaboration. By placing greater emphasis on R&D, Singapore creates new growth areas and opportunities for companies located here.

The Singapore-Israel Industrial R&D Foundation (SIIRD) is especially well networked with the industrial
sectors of Israel to identify for your firm an appropriate technological partner. SIIRD can also offer funding support for collaborative industrial R&D projects, which have technical and commercial merit.

If your company is interested in seeking a technology partner in Singapore, you are welcome to write in with a profile of your company as well as information on the type of business partners you are interested for joint collaboration. Your request will then be matched with our Israeli database so that we can provide you with a list of firms for your consideration. SIIRDF will be pleased to assist you, through either our Singapore or Israeli office, in making initial contact with any Israeli company, which might be of interest to you.

We look forward to hearing from you soon.