Government Grants & Subsidies for Companies

Government Grants


We assist companies in claiming grants, strategising companies’ grant position, fulfilling grant criteria and the evaluation of grants claimable.
Our fees range from $180 depending on the type of government grant.

 

Our range of Government Grant services includes:

 

 

Productivity & Innovation Credit (PIC)


SUITABLE FOR:

All eligible companies intending to make IT purchases.

Grant Information

1)Cash pay-out option:

Get cash pay-out of 60% of up to $100,000 of total qualifying expenditure each year

2) Tax Deductions or Allowances

Up to 400% tax deductions/allowances on up to S$400,000 of annual expenses incurred for any of the six (6) qualifying activities

ELIGIBILITY

Qualifying activities:

  • Acquisition and leasing of PIC IT automation equipment
  • Training of employees
  • Acquisition and licensing of intellectual property rights
  • Registration of patents, trademarks, designs and plant varieties
  • Research and development
  • Investment in design projects

Conditions:

  • Must incur the required qualifying expenditure and must be entitled to PIC during the qualifying YA.
  • Must be actively operating in Singapore.
  • Must have at least 3 local employees (either Singapore citizens or Permanent Residents) who are actively giving their respective CPF contributions.

 

 

Innovation & Capability Voucher (ICV)


SUITABLE FOR:

All eligible companies planning to spend on productivity solutions or consultancy projects

GRANT INFORMATION

  • Apply for S$5,000 voucher usable for productivity solutions or consultancy projects
  • Productivity solutions covered include Equipment & Hardware, Technical Solutions & Training, and Design & Renovation
  • Consultancy projects should be related to Innovation, Productivity, Human Resources, and Financial Management
  • Entitled a maximum of 8 vouchers, with projects not overlapping with each other

ELIGIBILITY

  • Group annual sales turnover to be less than or equal to S$100 million or group employment of maximum 200 employees
  • Be registered and operating in Singapore
  • Have at least 30% local shareholding

 

 

 

SME Enhanced Training Support


SUITABLE FOR:

All eligible companies intending to sponsor employee trainings

GRANT INFORMATION

1)Course Fee Funding

Receive subsidies covering 90% of course fees for:

  • Continuing Education and Training (CET) Centres’ courses
  • certifiable courses, capped at S$30 per hour
  • in-house certifiable training, capped at S$15 per hour
  • Polytechnics’ and ITE’s academic CET programmes (for Singapore Citizens)

2) Absentee Payroll Funding

Claim payroll funding of up to 80% of your employee’s basic hourly salary, capped at S$7.50 per hour

ELIGIBILITY

  • Registered or incorporated in Singapore
  • Have at least 30% local shareholding
  • Group annual sales turnover to be less than or equal to S$100 million or group employment of maximum 200employees
  • Company fully sponsors employee for the training

The employee must be a Singapore Citizen or a Singapore Permanent Resident.

 

 

iSPRINT


SUITABLE FOR:

Companies interested to invest in packaged solutions such as point of sales systems, CFM software, accounting software, et cetera.

GRANT INFORMATION

The grant will cover up to 70% of the costs, capped at $20,000.

SMEs that prefer to utilize specific sector solutions only need to pay 30% of the expenses upfront to vendors, with the IDA reimbursing the remaining costs directly to the vendors.

ELIGIBILITY

  • Group annual sales turnover to be less than or equal to S$100 million or group employment of maximum 200employees
  • Be registered and operating in Singapore
  • Have at least 30% local shareholding
  • Solutions must be selected from a list of vendors from IDA’s pre-qualified list

 

 

ICT FOR PRODUCTIVITY AND GROWTH (ICG)


SUITABLE FOR:

Companies looking into adopting ICT solutions

GRANT INFORMATION & ELIGIBILITY

  1. Scaling up existing ICT solutions
    • 70%of the qualifying costs will be subsidised
    • Condition: Solution must be able to help company achieve productivity gains, vendor must be pre-approved.

 

  1. Piloting of new solutions
    • 80% of the qualifying pilot project costs will be subsidised, up to $1 million per SME
    • Condition: Proposed solution has to be a first deployment in the Singapore SME sector

 

  1. Enabling high-speed internet connectivity for businesses
    • 50%of the monthly fibre subscription bills will be subsidised, capped at $120 per month and up to 2 years, or $2,880 per SME
    • One-time acquisition cost of the Wireless@SG equipment will be subsidised, capped at $2,400, for SMEs that require wireless connection in their public-facing business premises
    • Condition: the SME must subscribe to service plans that feature speed of at least 100Mbpsand to allow IDA to conduct random network audit

 

 

 

Capability Development Grant (CDG)


SUITABLE FOR:

Companies interested in initiation new projects

GRANT INFORMATION 

  • Enjoy up to 70% of costs for qualified projects
  • The grant only covers projects that have not commenced yet.

Qualifying business areas:

  • Brand & Marketing Strategy Development
  • Business Excellence
  • Business Strategy Innovation
  • Enhancing Quality and Standards
  • Financial Management
  • Human Capital Development
  • Intellectual Property & Franchising
  • Productivity Improvement
  • Service Excellence
  • Technology Innovation

ELIGIBILITY

  • Group annual sales turnover to be less than or equal to S$100 million or group employment of maximum 200employees
  • Be registered and operating in Singapore
  • Have at least 30% local shareholding

 

Market Readiness Assistance Grant (MRA)


SUITABLE FOR:

All eligible companies looking to expand internationally

GRANT INFORMATION 

  • 70% of the eligible cost for qualifying activities, capped at S$20,000 per company per fiscal year
  • Maximum of two applications per fiscal year, starting on 1 April and ending on 31 March the following year
  • Limited to one activity (e.g. market assessment or market entry) per application

Qualifying activities:

  • Market assessment and market entry for overseas market set-up
  • Business matching for Overseas Business Partners
  • Overseas market promotion

ELIGIBILITY

  • Companies are required to have the global HQ anchored in Singapore
  • SMEs with annual turnover of less than S$100 millionper annum based on the most recent audited report

 

Age Management Grant


SUITABLE FOR:

All eligible companies.

GRANT INFORMATION 

  • Funding of up to $20,000 per company
  • Implement two out of six age management practices
  • Attend compulsory training in age management, job redesign
  • Organising a health programme
  • Undertake an age profiling exercise

ELIGIBILITY

  • Be legally registered or incorporated in Singapore
  • Have not received funding under the first edition of WorkPro (April 2013 to 30 June 2016) for Age Management Grant and Work-Life Grant.

 

 

 

Job Redesign Grant


SUITABLE FOR:

All eligible companies.

GRANT INFORMATION 

  • Funding of up to $300,000 per company, multiple project applications are allowed
  • Sub-caps of $150,000 for JR projects targeted at mature workers aged 40 years and above, or the economically inactive

ELIGIBILITY

  • Be legally registered or incorporated in Singapore
  • Have not received funding under the first edition of WorkPro (April 2013 to 30 June 2016) for Age Management Grant and Work-Life Grant.

 

Work-Life Grant


SUITABLE FOR:

All eligible companies intending to, or have implemented flexible work arrangements

GRANT INFORMATION 

Developmental Grant: up to $40,000

  • Conduct FWA pilot by completing 6-steps for implementing the FWA pilot
  • Formalise the piloted FWAs in the HR policy and communicate it to all employees
  • Co-funding covers work-life training, work-life consultancy, IT infrastructure for FWAs, other selected employee support schemes

Flexible Work Arrangements Incentive: up to $120,000 over three years

  • Achieve at least 30% FWA utilisation for three years

ELIGIBILITY

  • Be legally registered or incorporated in Singapore
  • Have not received funding under the first edition of WorkPro (April 2013 to 30 June 2016) for Age Management Grant and Work-Life Grant.

 

Micro Loan Programme (MLP)


SUITABLE FOR:

All eligible companies.

GRANT INFORMATION 

  • Loan quantum of $100,000 with repayment period up to four years.
  • Loan can be obtained for daily operations, automating and upgrading of factory and equipment
  • Be registered and operating in Singapore

ELIGIBILITY

  • Company annual sales turnover to be less than or equal to S$1 million or employment of maximum 10employees
  • Group annual sales turnover to be less than or equal to S$100 million or group employment of maximum 200employees
  • Be registered and operating in Singapore
  • Have at least 30% local shareholding

 

 

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