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GOVERNMENT DEVELOPMENT ASSISTANCE PROGRAMMES 23
PROGRAMMES
DESCRIPTION
ADMIN AGENCY
The new S$20,000 grant cap applies to solutions implemented under the Business Improvement category which involves some degree of customisation to meet specific business functions. In addition, it also covers productivity-enabling tools such as project management, software development and testing tools.
This scheme addresses various areas of infocomm adoption for the SMEs, making it easy and convenient for Small to Medium Enterprises to seek for assistance and funding for projects that relate to infocomm adoption. It supports the packaged solutions pre-qualified by IDA and also customised solutions, as long as the project involves the use of infocomm technology to improve the company’s business operations, resulting in efficiency/ productivity, increased revenue or value-add for the business.
Eligibility:
All small and medium enterprises (SMEs)
• that are registered or incorporated in Singapore, AND
• At least 30% of your shareholding is local AND
• Your company’s group annual sales turnover is less than S$100 million OR
• Your company’s group employment size not more than 200 workers
• For customized solutions, the development must be for FIRST time automation
of business functions, carried out in Singapore, and the project must not have started before the grant is approved.
4. Productivity Solutions Grant (PSG)
The productivity solutions grant covers sector-specific solutions in the retail, food, logistics, precision engineering, construction and landscaping industries. Other than sector-specific solutions, PSG also supports adoption of solutions that cut across industries, such as in areas of customer management, data analytics, financial management and inventory tracking.
With up to 70% funding support, PSG serves as an avenue for companies to make long-term technology investments. The list of readily adoptable solutions can be found on Tech Depot.
Eligibility
SMEs can apply for PSG if they meet the following criteria:
• Registered and operating in Singapore
• Purchase/lease/subscription of the IT solutions or equipment must be used in
Singapore
• Have a minimum of 30% local shareholding (for selected solutions only)
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