Singapore- The Interactive and Digital Media (IDM) Research and Development (R&D) Programme Office under the Media Development Authority of Singapore (MDA) is seeking to encourage R&D in the IDM sector with a new grant. Young start-ups or individuals with R&D ideas can receive up to S$50,000 (US$32,800) through the Microfunding Scheme to seed their ideas for the chance to be entrepreneurs. Funding of S$40 million (US$26.2 million) is available, part of the $327.5 million budget allocated by the National Research Foundation in 2006 to stimulate growth of the IDM sector over the next five years. The scheme looks to seed about 750 projects and create entrepreneurship opportunities for over 2,000 individuals in that period. MDA is looking for projects rooted in innovative R&D in an early stage of development, but with the potential to create a sustainable edge, address a unique selling point in regional and international markets and possess defensible Intellectual Property rights.