Aerospace Open Innovation Challenge (AOIC) 2024

Deadline Date: April 29, 2024

Donor Name: Enterprise Singapore (EnterpriseSG)

Grant Size: $100,000 to $500,000

https://aerospace.innovation-challenge.sg/en/challenges/aerospace-open-innovation-challenge-2024

Jointly organised by Enterprise Singapore (EnterpriseSG) and JTC Corporation (JTC), the Aerospace Open Innovation Challenge (AOIC) invites all startups and SMEs to embark on a transformative journey in addressing the innovation needs of the aerospace industry.

Partnering leading corporates in the aerospace industry, the inaugural AOIC provides a platform for startups and SMEs to trial and scale your solutions for validated use cases. Gain access to cutting-edge facilities, forge collaborations with key industry players, and stand a chance to secure funding support for co-development and pilots.

Together, let’s shape a more sustainable and productive future for aerospace in Singapore.

Challenge Themes

• By Category
  • Sustainability
  • Productivity
  • Digitalisation
• By Partner Tracks
  • Airbus
  • Bell Textron
  • GE Aerospace
  • Jet Aviation (Asia Pacific)
  • RTX
  • Singapore Component Solutions
  • ST Engineering Commercial Aerospace

Opportunities and Incentives

• Total of over S$500,000 of grants and funding support.
• Winning innovators’ prizes include:
  • Gain mentorship and co-development opportunities
  • Access prototyping and proof-of-concept grants and funding support
  • Receive marketing features for your business and technologies
• Join our industry briefing session and get the inside track to success in the Aerospace Open Innovation Challenge 2024! Here’s how it will unfold:
  • Challenge Insights: Get detailed explanations on each challenge from the demand drivers.
  • Solution Preferences & Constraints: Discover what solutions are favoured and the constraints to consider.
  • Q&A Opportunity: Clarify doubts and ask your questions in a live Q&A session.

Eligibility Criteria

• The Challenge is open to all Singapore-registered startups and small and medium-sized enterprises (“SMEs) as well as foreign-based startups and SMEs who are registered as a legal entity in Singapore within six (6) months of being appointed as a matched company. All applicants/entrants/participants must be above the age of 18 years old as at the date of entry and must submit their project proposals detailing their solution to a particular challenge statement launched under the Challenge.
• Employees, representatives, and family members of the Joint Organisers should declare such relationships to the Joint Organisers that they are submitting their Project Proposals to.
• Institutes of Higher Learning and Research Institutes may only participate by either:
  • Registering a spin-off, led by a committed and capable team; or
  • Registering a new spin-off to license the technology, led by a committed and capable team; or
  • Submitting a joint proposal with a startup/SME (the startup/SME has to co-develop the solution, lead the proposal submission and eventually commercialise the proposed solution).
• For applications by a consortium or group of companies, the grant will be awarded to the lead applicant.
  • Be a company that has a group annual sales turnover of not more than S$100 million;
  • Have group employment size of not more than 200 employees;
• At least 30% local shareholding (i.e. 30% local equity held directly or indirectly by Singapore Citizen(s) and/or Singapore Permanent Resident(s), determined by the ultimate individual ownership)

For more information, visit Enterprise Singapore (EnterpriseSG).