Established in 1997, the Singapore-Israel Industrial Research and Development Foundation (SIIRD) is a co-operation between Enterprise Singapore (ESG) and the Israel Innovation Authority to promote, facilitate and support joint industrial Research and Development (R&D) projects, between companies from Israel and Singapore, which would lead to successful commercialization.

In addition to supporting joint R&D projects, SIIRD will be extending its funding support for pilot projects between Singapore and Israeli companies to pilot or testbed near-market technologies with a specific customer or market segment for the purpose of commercialization.