Minister S Iswaran with Sembcorp Industries Group President and CEO Tang Kin Fei (right) on a tour of the new cogen plant. (Photo credit: Sembcorp Industries Ltd)

Moving beyond an idea often takes money and lots of resources. For most, the full potential of promising technologies is often not exploited past the R&D stage.

Enter the $10 million Sembcorp-EMA Energy Technology Partnership.

Announced by Minister S Iswaran, the partnership will provide funding to encourage the translation and commercialisation of energy research into technologies and solutions that address Singapore’s energy needs.

Sembcorp will also offer companies and researchers the opportunity to test-bed and pilot new technologies at its facilities. Successful technologies and solutions can additionally leverage on Sembcorp’s strong business networks for commercialisation.

A competitive R&D grant call is planned for the partnership in 2015. More details on how the industry and research community can benefit from the partnership will be shared in 2015.