BeAmp – $6m programme launched to fast-track building technology projects.
$6m programme launched to fast-track building technology projects.
Built Environment – Accelerate to Market programme (BE-AMP) is a $6 million programme that was launched last week to fast-track development and commercialisation of building technology, especially innovations that do not get past the research stage — Excerpt from The Straits Times
The programme will help firms and innovators find funding and development support to ultimately become real-world projects.
National Development Minister Lawrence Wong, who launched the Programme at Capital Tower in Robinson Road, said universities have built up expertise in key areas such as materials science and engineering.
BCA CEO Hugh Lim added that some firms have also given feedback that innovation often does not progress beyond the first prototype or pilot phase due to a lack of support for full-scale development.
To solve this, the accelerator programme will help local innovators defray the cost of qualifying projects. Small and medium-sized enterprises will receive up to 70 per cent of the project cost, while larger ones will get half. Projects must address the challenges set out by 14 public agencies and companies in the building industry in order to qualify. They range from smart project management to construction safety.
Enterprise Singapore Assistant CEO Eunice Koh said innovators benefit from gaining early access to problem statements that customers are prepared to pay to solve.
Innovators will also be given more opportunities to test-bed or pilot their new solutions in selected buildings and estates, such as some properties owned by JTC Corporation, before they hit the market.
TNB Ventures has been appointed by BCA to organise the programme. The first round of project proposals will close on April 12.
Find our more @ www.tnb.vc/BEAMP