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GOVERNMENT DEVELOPMENT ASSISTANCE PROGRAMMES
TIMES BUSINESS DIRECTORY OF SINGAPORE 2020/2021
INNOVATION / R&D / IT APPLICATION
Programmes Description Reference
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.
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%.
Eligibility Criteria
• 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.
EDB
2
Enterprise Development Grant (EDG)
EDG (Enterprise Development Grant) is a programme managed by Enterprise Singapore (ESG).
It is designed to help Small and Medium Enterprises (SMEs) in Singapore build internal capabilities in 3 main areas with their corresponding sub-areas:
1. Core Capabilities
2. Innovation and Productivity 3. Market Access
Singaporean SMEs can obtain up to 90% government grants to defray the costs of qualifying projects. The original 70% support level has been raised to 80%. Only SMEs adversely affected by COVID-19 will qualify for 90% grant support. These measures are under Supplementary Budget 2020 and will be valid till the end of 2020.
ES
3
Productivity Solutions Grant (PSG)
PSG covers sector-specific solutions including 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.
Eligibility Criteria
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)
ES
4
Operation & Technology Roadmapping (OTR)
Businesses will get assistance from the Agency for Science, Technology and
Research (A*STAR) in:
• Developing operation and technology plans to better allocate resources to technologies useful for
meeting business and market needs
• Ensuring that the allocation of resources to new technologies is strategic and aligned with
business goals.
A*STAR
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