Q:How can foreign companies take part in Cool Ideas Enterprise?
A:Foreign companies can take part in Cool Ideas Enterprise as part of a consortium, with at least 1 participating company being a local SME involved in a substantive and meaningful way.
Q:Can individuals apply for Cool Ideas Enterprise? Is the programme only open to enterprises?
A:All aspiring entrepreneurs and enterprises with existing innovations that can be adapted for housing estates, and innovators with near-ready solutions to be test-bedded and implemented by HDB, are eligible to apply for the Cool Ideas Enterprise programme.
Individuals will be required to register a company or partner an enterprise in order to tap on the Cool Ideas Enterprise programme for their solutions.
Q:Is there a cap on the amount of funding I can receive?
A:All successful applicants will receive funding support of up to 70% of their development cost. There is no cap on the funding quantum.
Q:Who owns the Intellectual Property (IP) for the developed solution?
A:The ownership of the foreground IP will be based on inventive contribution. The background IP will reside with the original owner.