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Collaborating on R&D might be worth the risks of competition

Renald Yeo

Renald Yeo

Published Wed, May 24, 2023 · 12:00 PM
    • Under a cost-sharing agreement, companies share the costs and risks of qualifying R&D activities, while claiming tax deductions on the proportionate amount spent.
    • Under a cost-sharing agreement, companies share the costs and risks of qualifying R&D activities, while claiming tax deductions on the proportionate amount spent. PHOTO: BT FILE

    WHEN enhanced tax deductions for research and development (R&D) were announced in Singapore’s Budget this year, not many small and medium-sized enterprises (SMEs) may have been excited.

    After all, they still face the same barriers to investing in R&D – the process can be an expensive and risky endeavour.

    But what if SMEs could team up, pool resources and spread the risk?

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    Singapore SMEsResearch & developmentInnovation

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