SB Early Prototyping Support Fund

The SB Early Prototyping Support fund is designed to assist promising SB alumni project teams that are looking to secure funding for their projects. The Fund can help to derisk their technology and/or market need, and improve the quality of their proposals and subsequent development plan.

OBJECTIVES OF THE FUND

This special fund is created to provide our alumni with

1. Follow on hands-on prototyping support and guidance on commercial proposition to further galvanize the topics taught through the Biodesign workshops
   
   
2. Assistance to project teams to quickly derisk their projects by deriving data that can contribute towards their value proposition and to demonstrate a needs-driven validation of the hypothesis
   
   SB will be supporting up to SGD 50,000 per Alumni Project for 6 months.

SELECTION CRITERIA

All applications will be evaluated by SB's selection panel and will be graded based on the following

1. Proposed solution is a healthcare solution in the Medtech/dx/digital health space
   
   
2. Can demonstrate best use of and benefit the most from the prototyping support to bridge the gap
   
   
3. Scope of work must not overlap with existing grants

TERMS AND CONDITIONS

1. Project teams should file any foreground intellectual property (FIP) with their host institutions
   
   
2. Funds can only be used for OOE, claimed and processed through SB
   
   
3. Duration of the prototyping support fund valid for 6 months, with the submission of the final project and financial reports. 
   
   
4. No extension of funds will be allowed
   
   
5. Project teams are expected to contribute their own in-kind employment of manpower (EOM) to develop the project plan based on feedback received and see through the experimental plan that has been set out