Aerospace Open Innovation Challenge (AOIC) 2024

Deadline Date: April 29, 2024

Donor Name: Enterprise Singapore (EnterpriseSG)

Grant Size: $100,000 to $500,000

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).

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