APPLICATION FOR SMALL PROJECT FUNDING (SPF)
A start to your Entrepreneurship journey!
WHAT IS THE SPF SCHEME?
It is to enable NYP students, who are Singaporeans or Permanent Residents, to work on
their own unique ideas to:
- study and assess the commercial feasibility of the idea or a technology.
- consider innovative or alternative solutions which could be better or more useful.
You can choose to work as individuals or in a team. A maximum amount of $10,000 will be
allocated for each project supported where you can develop prototype of products or
services to proof and demonstrate their ideas.
WHAT ARE WE LOOKING FOR?
We are looking for project ideas that you – as an Ideator – would ideally like to turn into a
business case or a business plan if it is deemed feasible at the end of the project.
A closure report is required upon completion of the project.
HOW TO APPLY?
You can contact the following staff in-charge at your school, if you have any queries, or
just complete this application and submit to them for evaluation:
School
Engineering
Business Management
Health Sciences
Life Science
IT
Interactive & Digital
Media
Design
Staff
Lim Sock Lip
Catherine Ang
Dr Bala
Tan Chiew Nai
Yap Tat Kwong
Stanley Haryoto
Tel
65500681
65501037
65501349
65501524
65501707
65501848
Contact
Email
Lim_Sock_Lip@nyp.edu.sg
Catherine_Ang@nyp.edu.sg
Bala_S_Rajaratnam@nyp.edu.sg
Tan_Chiew_Nai@nyp.edu.sg
Yap_Tat_Kwong@nyp.edu.sg
Stanley_Haryoto@nyp.edu.sg
Michael Gan
65500460
Michael_Gan@nyp.edu.sg
SECTION A: Applicant Details
Name:
NRIC No:
School:
Admission No:
Tel:
Email:
If there are team members, please provide their following details:
Name
Admission No:
SECTION B: Project Proposal
Title
Description of Idea:
Uniqueness
(Value proposition to
the customers/clients/
users
Market Competition
Opportunity
How is it different or innovative?
Example: cost-saving, convenience, more effective and useful, etc.
Who are they and what is your competitive edge?
Where and who are the potential customers or clients?
SECTION C: Budget
Please note the following for reference:
Supported items
R&D, professional services, engagement of vendors to support
product development, software, web services, online marketing
Non-supported items
Salaries for the applicant and team members, purchase of assets
such as furniture, computing hardware and machinery, purchase of
goods for sale, purchase of merchandise for marketing activities, and
administrative costs such as incubation fees, corporate secretarial
fees and incorporation of the business.
Item Required
Estimated Cost ($)
1) Equipment/components/
products/ingredients
2) Service(s)
3) Others (please specify)
TOTAL
SECTION D: Project Schedule
Please indicate expected work/activities and their duration, i.e. start and end periods
Expected Work/Activities
Duration
Start
1.
2.
3.
4.
5.
End
SECTION E: DECLARATION
I declare that this is the first application for SPF and that the facts stated in this application
and the accompanying information are true and accurate. NYP and SPRING reserve the right
to request for additional information and I am aware that any failure to supply such
information requested for will affect this application. I am further aware that in the event
of any failure to comply with the above or should any declaration or information given
found to be false or untrue, the grant may be withdrawn and all disbursed amounts are to
be returned to NYP and/or SPRING.
Name of Applicant
Signature
Date
Project Title :
EVALUATION BY SCHOOL
Criteria
(A) Differentiated
project/business
School
(B) Feasibility of the business
model
(C) Potential market opportunity
(D) Management team
(if applicable)
Support/Not Supported for Review
Recommendation/
Comments
Director of School
Name/Signature:
Date:
For NYP Official Use only:
Project Proposal : Approved / Not Approved
____________________________
Name/Designation
______________________
Signature
_________________
Date