Grants

Singapore has rolled out various government grants to proactively encourage businesses in Singapore to upgrade and grow by adopting new infocomm technologies.

iSPRINT (Packaged Solutions) Grant by IMDA

Benefits

Up to 70% reimbursement (Capped on case-by-case basis)
SMEs pay only 30% upfront to providers (IMDA will reimburse 70% directly to the providers)

Eligibility

Registered or incorporated in Singapore
Have a minimum of 30% local shareholding
Annual turnover of not more than $100 million
Employment size of not more than 200 employees

Productivity and Innovation Credit (PIC Grant) by IRAS

Benefits

40% Cash Payout (Up to $100,000 of spending per year)
400% Tax Deduction/Allowances (Up to $400,000 of spending per year)

Eligibility

Active business operations in Singapore
At least 3 local employees (Singapore Citizen or PR with CPF contributions for last 3 months)
Qualifying expenditure to be "in-use" condition

Innovation & Capability Voucher (ICV Grant) by SPRING Singapore

Benefits

8x $5,000 vouchers

Eligibility

Business registered and operating in Singapore
Have a minimum of 30% local shareholding
Annual turnover of not more than $100 million
Employment size of not more than 200 employees

Not sure if you're eligible?

Let us recommend the best grant that fits your business.

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