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1. Research Incentive Scheme for Companies (RISC)
The Research Incentive Scheme for Companies (RISC) is aimed at encouraging companies in Singapore to conduct or expand their research and development (R&D) activities in science and technology.
Eligibility Criteria:
A company awarded with a RISC grant is eligible for co-funding support of up to 30% of qualifying R&D project costs such as manpower, training, consultancy, equipment, software, intellectual property and materials costs. Local manpower may be accorded support of up to 50%.
Application for the RISC grant is open to companies incorporated in Singapore that are prepared to make significant investments in R&D activities in science and technology.
Companies applying for the grant will be assessed on the quantitative and qualitative merits of the proposed project. These include the employment of research scientists and engineers, total business expenditure in R&D which generates spin-off to the economy, investments in fixed assets, and the company’s commitment to growing R&D capabilities in Singapore.
The RISC grant will be subject to incentive terms and conditions requiring the company to implement its plans to grow and sustain R&D activities in Singapore.
2. Capability Development Grant (CDG)
The grant defrays up to 70 percent* of qualifying project costs such as consultancy, training, certification and equipment costs. Companies can take on large scale upgrading projects in areas like increasing productivity, process improvement, product development and market access.
To encourage more SMEs to build business capabilities, the application process for grant support of $30,000 or less has been simplified. You can look forward to simpler application forms and reduce documentation requirements for such projects.
Eligibility Criteria:
• Registered and operating in Singapore;
• At least 30% local shareholding;
• Company’s group annual sales of not more than $100 million or Company’s
group employment size not more than 200 workers.
3. iSPRINT – Technology Improvement Assistant Scheme
iSPRINT (Increase SME Productivity with Infocomm Adoption & Transformation) is a project of the Infocomm Development Authority which encourages technological improvements in Singapore SMEs.
iSPRINT is a comprehensive initiative that supports the adoption of ICT by SMEs, from simple solutions that improve business operations to innovative uses of technology that transform a business or sector. The funding covers consultancy fees, training cost, manpower, hardware and software.

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