Bringing new technologies to the market

EWI will also help start-up companies to commercialise their environmental and water technologies through a new incubation grant incentive known as the Fast-Track Environmental and Water Technologies Incubator Scheme (Fast-Tech).

The Fast-Tech scheme aims to accelerate the formation and growth of environmental and water start-ups by providing two critical ingredients - a financial incentive as well as mentoring by specialized incubators. The goal of the Fast-Tech scheme is to grow a large group of successful water start-ups in Singapore. Aspiring start-ups which have promising technical ideas, can apply to be housed in approved incubators and seek funding support of up to $500,000 per company or up to 85% support level, whichever is lower, over two years. Qualifying costs for R&D and business related activities include manpower, training, loaning of equipment, and professional services. All Singapore-based companies which are less than three years old are eligible to apply for the Fast-Tech scheme.