Patent Application Fund Plus (PAF Plus)

Qualifying individuals:

• Individuals who are Singapore Citizens and Permanent ResidentsQualifying companies:
• Singapore-based small medium and medium enterprises:
• At least 30% of the shareholding is local. If the applicant is a Singapore-based small and medium enterprise with greater than 30% foreign ownership, the research and development must be conducted in Singapore
• Fixed assets not exceeding S$15 million for manufacturing companies
• Have not more than 200 employees for non-manufacturing companies

Other conditions:

• The economic benefits arising from the commercialisation of the patent must be accrue to Singapore
• Applicants should not be receiving any other Government/Statutory Board financial aid to defray the cost of patent filings for the same invention
• Applicants have not and will not be claiming the “Single Tax Deduction for Patenting Cost” for the same invention
• The applicant(s) must be the official assignee(s) or owner(s) of the patent or patent application