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SUCCESS CASE
How an Offshore Wind Company Secured S$5.2M+ for Singapore-Based R&D
RIC helped a Singapore-headquartered offshore wind company structure a complex RISC project covering subsea innovation, remote operations, sustainability, and multi-year R&D deliverables.
CATEGORY
R&D and Innovation
CLIENT TYPE
Offshore wind / subsea infrastructure
GRANT TYPE
Research and Innovation Scheme (RISC) support
FUNDING SECURED
Above S$5.2 million
About the Client and Project
Client Profile
The client is a Singapore-headquartered offshore wind vessel owner backed by Seraya Partners, with a global offshore wind fleet and more than US$178 million in FY2024 revenue. It operates in the offshore wind and subsea infrastructure sector, supporting complex marine projects across international markets. With established commercial scale and a Singapore base, the company was well-positioned to build deeper offshore wind, subsea, digital, and sustainability innovation capabilities from Singapore.
Project Nature
The project established a Singapore-based centre for offshore wind and subsea innovation. It covered a proprietary towed survey vessel system, a remote operations survey centre, and a wider pipeline of offshore wind, subsea, digital, and sustainability R&D initiatives. The project was not a narrow equipment or vessel deployment exercise. It required the client to define a multi-year innovation programme across technical workstreams, operating models, offshore survey capabilities, remote operations, and ESG-facing milestones that could strengthen Singapore’s role in offshore wind and subsea innovation.
Funding Objective and Challenge
Funding Objective
The funding objective was to support a multi-year R&D programme under Enterprise Singapore’s Research and Innovation Scheme for Companies. The grant was intended to support qualifying research and innovation activities linked to offshore wind, subsea systems, remote operations, and related technical deliverables. The approved grant quantum was above S$5.2 million, reflecting the scale of the project and the need to translate multiple offshore innovation scopes into clear, trackable, and claimable milestones.
The Challenge
The challenge was the scale and coordination complexity of the project. The programme involved two large organisations, multiple stakeholder groups, and several technical teams working across offshore wind, subsea systems, remote operations, sustainability, and digital innovation. RIC did not originate the overseas partner relationship, so the value was not in simple partner introduction. The real work was aligning motivations across business and R&D teams, consolidating niche offshore wind scopes, developing cost inputs, engineering timelines, and shaping grant deliverables that were ambitious enough to support innovation funding, but still achievable, compliant, and claimable over the project period.
How RIC Supported the Client
RIC supported the client by structuring the offshore wind and subsea R&D programme into a coherent grant-ready and claimable project.
RIC’s support included:
• Partner-aligned R&D scoping across two large organisations.
• Refining the project proposal around offshore wind, subsea, remote operations, digital, and sustainability innovation.
• Facilitating application evaluation discussions and stakeholder coordination.
• Consolidating cost inputs across multiple R&D scopes and technical teams.
• Engineering milestones and deliverables that could be tracked across the project period.
• Translating complex offshore wind R&D activities into clear grant deliverables.
• Helping align business, technical, and ESG-facing milestones with Enterprise Singapore’s grant requirements.
• Supporting the client in framing a multi-year innovation programme that was credible, achievable, and reimbursement-ready.
RIC’s role was especially important because the project required more than a compelling idea. It needed disciplined structuring across technical scope, cost logic, stakeholder alignment, and claimable execution milestones.
Outcome
FUNDING SECURED
Above S$5.2 million
The client secured above S$5.2 million in RISC support for a Singapore-based offshore wind and subsea innovation programme running from April 2025 to December 2029. The project established a structured R&D centre covering proprietary vessel systems, remote operations, subsea innovation, digital initiatives, and sustainability-related workstreams. RIC’s support helped convert a complex cross-organisation innovation agenda into a fundable and trackable grant project.
What This Means for Similar Companies
For offshore, marine, energy, and advanced engineering companies, this case shows that large R&D grants require more than technical ambition. Funders need to see credible Singapore-based innovation activity, clear milestones, strong cost logic, and a practical path from research scope to implementation and claims. Companies with complex multi-party R&D programmes should not underestimate the work required to make the project fundable and claimable. The stronger the technical project, the more important it is to translate it into a structured grant case that agencies can evaluate and support.
