Open Innovation Platform (OIP)
Max Support
Prize-based funding
Cap
>S$550,000 total
Processing Time
2-4 weeks
Overview
The Open Innovation Platform (OIP) crowdsources solutions by connecting Problem Owners with Problem Solvers for collaborative innovation.
Support Details
Funding
Prize-based
Total Pool
Over S$550,000
Eligibility Criteria
- Singapore-registered company
- Industry challenge to solve
- Open to collaborative innovation
Application Process
1
Submit Challenge
Post your industry challenge on OIP
2
Solution Evaluation
Evaluate solutions from Problem Solvers
Grant application approval: 2–4 weeks. Claim disbursement: 4–6 weeks after submission.
Common Reasons for Rejection
- Challenge not suitable for crowdsourcing
- Insufficient challenge detail
Best Practices
Frame Clear Challenge
Engage with Solvers
Quick Checklist
- Industry challenge identified
- Open to innovation
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