BEAMP Cycle 5

We are looking for innovative startups and SMEs that possess or can develop a solution that addresses at least one of our challenge statements. Participants must also be driven to develop and test their solutions along with the Challenge Statement Owners in Singapore during and after the challenge, and / or partner with a local industry player.

• This competition is open to all startups and SMEs across the world. Companies who are based outside of Singapore should have a minimum of 30% local shareholding
  
• Local SMEs should have a minimum of 30% local shareholding, have less than 200 employees or an annual turnover of less than SGD 100 million.

Public researcher(s) can participate by either:‍

• Registering a new spin-off that has the commitment to licence the technology, lead by a committed, balanced and capable team; OR
  
• Contributing to a joint submission with industry partners. (Note that the industry partner would lead the proposal submission and commercialise the solution.)

‍Note: All proposals are to be submitted by a registered company. 

To participate, please complete our application form.

You are free to submit as many solutions as there are challenge statements

Submissions will officially close on Friday, 10 May 2024, 11.59pm (GMT+8).

All submissions will assessed based on the following criteria:

• Effectiveness

  • How clear is the proposal in addressing the outlined challenge?

  • How effective is the solution in solving the challenge statement?

• Feasibility

  • How sound is the proposal for the pilot?

  • Is the solution technically feasible and scalable?

  • In terms of time, effort, and cost, how likely will users / stakeholders adopt their solution?

• Innovativeness

  • How does this proposed solution compare to the next best alternatives?

  • Does the team have the technical capabilities to customise a solution for the context of this challenge?

• Credibility

  • Do the founders and team have relevant past experience and successes?

  • Does the company have a strong portfolio of clients or investors to sustain their business?

• Commercial Viability

  • Is the solution in-demand and scalable?

  • Is there a go-to-market strategy?

The Programme will not take a stake in the IP. All background intellectual property (IP) rights are owned by creators. Any commercialisation of IP generated during this Programme shall be negotiated separately between the participants and respective challenge sponsors

Enterprise Singapore will support local startups and SMEs ^[a] with up to 50% of qualified costs, capped at SGD50,000 for the Accelerate Solution Development phase and capped at SGD250,000 for the Market Development phase. Sustainability-related projects may be supported at up to 70%.

Winners are required to submit a proposal for the grant to bca_beta@bca.gov.sg and receive an LOI from the respective Challenge Sponsor, which will include and not be limited to a defined project scope, budget and milestones. The proposal and agreement will then be reviewed to determine the final amount of funding.
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Examples of qualifying and non-qualifying costs are:

• Qualifying Cost : Manpower, Equipment and Software^[b], Professional Consultancy
  
• Non-qualifying Cost: Maintenance, Warranty, Common Office Equipment (e.g. laptops), Rental

[a] Local non-SMEs can be funded up to 50% of qualifying project cost, subject to the same funding caps for both phases.
[b] Equipment and software are supported at up to 50% for local SMEs and up to 30% for local non-SMEs.