Maritime Innovation and Technology (MINT) Fund

Maritime Innovation and Technology (MINT) Fund

The MPA has injected of a total of $265 million into the Maritime Innovation and Technology (MINT) Fund since 2003 to grow Singapore’s maritime innovation and technology ecosystem. . The objectives of the MINT Fund are to:

 

  1. Develop competitive edge for the port of Singapore (i.e. a world-class port and port services that are smarter, safer, more efficient and sustainable);
  2. Build up technological capabilities within our maritime industry in key niche areas; and
  3. Transform the maritime sector into a highly productive and innovative cluster by leveraging leading-edge technologies.

 

There are currently three funding schemes available:

 

MINT-Research & Development (MINT-RD)

This scheme promotes applied R&D and encourages development of maritime technology and IP/patent and capabilities development, and is relevant to maritime technology developers, marine and port equipment makers and maritime companies with in-house R&D outfit in Singapore.

 

MINT-Product Development (MINT-PD)

This scheme encourages product and solution development, value creation, and translation of technologies for maritime applications. It is relevant to technology developers, marine and port equipment makers, systems integrators and maritime companies with in-house technology product development (for industry) outfit in Singapore.

 

MINT-Startup Grant (MINT-STARTUP)

This scheme encourages the maritime industry to accelerate innovation and venture into adjacent/ new growth areas through working with tech start-ups. Start-ups that have completed the PIER71™ or other relevant maritime programmes from the Accelerator Partners of MPA in Singapore can apply for a grant of up to S$50,000 to pilot their projects. Promising start-ups looking to scale up their offerings or projects can also apply for a project grant of up to S$100,000.

 

For more queries, please feel free to drop an e-mail to: mint@mpa.gov.sg