National Innovation Challenges

National Innovation Challenges

in Aug 12, 2020

The National Innovation Challenges (NIC) harness Singapore’s innovation capabilities to help businesses adapt to the New Normal.

Building on existing open innovation efforts from Enterprise Singapore’s Gov-PACT and IMDA’s Open Innovation Platform (OIP) as well as the National Research Foundation’s R&D investments, the NIC initiative provides support for the development, deployment and adoption of solutions to address nationwide challenges, as well as medium- to long-term solutions for businesses to emerge stronger in the post-COVID environment.

NIC problem statements are a new category of open innovation challenges that focus on developing industry-led solutions to challenges that all businesses grapple with. Starting areas of focus include how we can reopen Singapore safely – to achieve safe workplaces, homes, schools and commuting.

NIC provides a common open innovation platform for government agencies, Research Institutions, Trade Association & Chambers (TACs), corporates, SMEs and startups. Through NIC, challenge owners can gain access to a diverse pool of solvers with cross-industry expertise. Solution providers will also receive support and potential funding to develop and deploy their solutions into the market swiftly. S$40 million in funding has been dedicated to the NIC to ramp-up the development and adoption of solutions, where each challenge is allocated up to S$2 million.

For more information, click HERE.