It was a grant from the ECB. I don't see anything here that says that POET will be successful. I see that POET will need to spend the money in country and that they will have to employ locals. 

"The company is eligible to receive support up to a maximum of $10,699,000 (Singapore) over five years pursuant to the EDB letter of offer, subject to head count and expenditure thresholds. Should the terms of the support agreement with the EDB not be satisfied by the company, the EDB reserves the right to request repayment of any support advanced to the company."