SSIC 7210 - Research and Experimental Development on Natural Sciences and Engineering

Companies in This Category (11,665)

Understanding SSIC 7210

The SSIC 7210 classification pertains to research and experimental development on natural sciences and engineering. This official code is mandatory when registering a business entity with ACRA (Accounting and Corporate Regulatory Authority) in Singapore.

Key Characteristics:

Compliance with Section 171 of the Companies Act regarding the keeping of proper accounting records to reflect research and development expenditure.
Often structured as a private limited company (Pte Ltd) to attract venture capital or government grants like those from Enterprise Singapore (ESG).
Subject to regulatory requirements related to intellectual property protection under the Intellectual Property Office of Singapore (IPOS).

Common Business Operations

Research and experimental development on natural sciences and engineering.

Conducting research and development in areas such as biotechnology, materials science, or engineering design, often seen in Singapore's advanced manufacturing sector.

Developing new products or processes, for example, creating new sustainable materials or improving energy efficiency technologies, as highlighted in ACRA's business activity examples.

Collaborating with local universities and research institutions like A*STAR (Agency for Science, Technology and Research) to leverage their expertise and facilities, aligning with EDB's focus on R&D investment.

SSIC 7210 Research and Experimental Development on Natural Sciences and Engineering

Companies in This Category (11,665)

Understanding SSIC 7210

Key Characteristics:

Common Business Operations