How-to Guide: Apply For Research Incentive Scheme for Companies (RISC)

Step-by-Step guide on applying for RISC

Before you apply

  1. Learn more about RISC on the Singapore Economic Development Board (EDB)’s website. Download and read the Brochure for more information.
  2. Contact EDB to discuss your project.
    You will need to work closely with EDB to ensure your project meets the guidelines.
  3. Finalise your project with EDB.
    If your project qualifies, you will be given an application form.

Applying for RISC

  1. Submit the application form to EDB with all the supporting documents.

Upon successful application

  1. Receive a Letter of Offer from EDB.
  2. Accept the Letter of Offer and start on your project.
  3. Keep proper financial records.
    E.g. expenses, invoices, receipts relating to the project.
  4. Keep proper project records.
    E.g. scope, timeline, deliverables, progress reports, project sign-offs and evaluation reports.
  5. Pay the project cost first.
    The grant is given on a reimbursement basis.

Claiming for funds

  1. Submit your claim form with your financial and project records. EDB will provide you with the procedure for claims.
  2. Wait for EDB to approve your claims and reimburse you.
  3. Claims may be made on a quarterly basis. The final claim must be made within 6 months of completion of project.

For more info

Research Incentive Scheme for Companies (RISC)

Singapore Economic Development Board (EDB)
250 North Bridge Road
#28-00 Raffles City Tower
Singapore 179101

Tel: +65 6832 6832
Fax: +65 6832 6565