SMART's Innovation Journey: Transforming Research into Commercial Success
The SMART Innovation 2.0 grant helps Singapore researchers turn disruptive technologies into commercial ventures through MIT-backed training, mentoring, and staged funding.
Funder: Massachusetts Institute of Technology
Due Dates: August 31, 2026 (Venture Exploration Workshop application)
Funding Amounts: Up to $800,000 total per team across three gated phases: $0 (Phase I, training only) | $300,000 (Phase II, 12–18 months) | $500,000 (Phase III, 12–18 months)
Summary: Supports Singapore-based researchers in transforming disruptive technologies into commercial ventures through staged funding, intensive mentoring, and venture-building training.
Key Information: Phase I participation is mandatory to qualify for later funding; only a subset of teams advance to Phases II and III.
Description
The SMART Innovation Centre’s Innovation 2.0 grant program is designed to help Singapore-based researchers, scientists, and engineers transform disruptive technologies into successful commercial ventures. The program provides a structured, three-phase process combining funding, intensive training, and one-on-one mentoring. It leverages MIT’s global network to support venture formation, commercialization, and societal impact. Participants begin with a Venture Exploration Workshop (Phase I) and may progress, through competitive selection, to substantial funding in Phases II and III.
