Criteria for MINT Fund

Eligibility Criteria

The applicant should be a company incorporated under the Companies Act (Cap 50) and operating in Singapore, with a minimum paid-up capital of 50% of the total project costs; or a classification society appointed as a Recognised Organisation under the Merchant Shipping (Authorised Organisations) Regulations. In addition, the R&D into or test-bedding of new or better products, processes and applications relevant to the maritime industry should be carried out in Singapore.

 Potential MINT Fund projects should be technology oriented with innovative content, relevant to the maritime industry, develop or test-bed products and services that have commercialisation potential, and satisfy either the MINT-RD or MINT-PD project scope.

 

Co-Funding

Grant of up to 50% of the total qualifying project costs (inclusive of input GST), comprising of manpower and equipment either engaged or acquired for the purposes of the project, and other operating expenditure incurred for the purposes of the project. Projects deemed by MPA as strategic to its interest or have industry-wide impact may be considered for an increase in funding support level.