This December 2017, we have search and gather the below information for Singapore business which can help in their expansion this 2018.
Business Grants 2018
| Type of Grant | Funding | Overview | Submission deadline | Contact Information |
|---|---|---|---|---|
| Technology | ||||
| Automation Support Package (ASP) | Up to $1 million | ASP allows companies to upgrade automation solutions (mechanics and technology) of their current operations to reduce reliance on manpower. | ALL Year | SPRING Singapore +65 6898 1800 |
| Business Improvement Fund (BIF) | Up to 70% | BIF aims to improve productivity and competitiveness in the tourist sector through the adoption and innovation of technology. | ALL Year | Singapore Tourism Board +65 6736 6622 |
| Critical Infocomm Technology Resource Programme Plus (CITREP)+ | Up to 90%, capped at $2,500 per trainee | CITREP provides local professionals with the support they need through various programs to keep up to date with the continuous changes in technology and remain relevant. | ALL Year | Critical Infocomm Technology Resource Programme Plus +65 6324 8737 |
| Mechanisation Credit (MechC) Scheme | Up to 70%, capped at S$25,000 | MechC assists builders in reducing the costs of technology adoption when leasing or purchasing equipment. | ALL Year | Building and Construction Authority 1800 342 5222 |
| Operation & Technology Roadmapping (OTR) | Up to S$10,000. | OTR allows businesses to improve their science, technology and research through help from the Agency for Science, Technology and Research. | ALL Year | Technology Adoption Programme +65 6590 3151 |
| Productivity Innovation Project (PIP) Scheme | Co-funded up to 70%; capped at S$5M per application | PIP assists businesses in effective operation through the restructuring of work processes and incorporating labour efficient technologies. | ALL Year | Building and Construction Authority 1800 342 5222 |
| Startup SG Tech | Up to $500,000 | Startup SG Tech is a competitive grant that offers early-stage funding for technology solutions. | ALL Year | SPRING Singapore +65 6898 1800 |
| Technology Adoption Programme (TAP) | Up to 70% | TAP assists SMEs and other professional bodies such as the Institutes of Higher Learning and Private System Integrators to collaborate for the purposes of productivity improvement by accessing new technology. | ALL Year | SPRING Singapore +65 6898 1800 |
| Technology for Enterprise Capability Upgrading (T-UP) | Up to 70% | T-UP provides assistance for businesses to identify and put into place R&D projects with the help of research engineers and scientists from the Agency for Science, Technology and Research. | ALL Year | Agency for Science, Technology and Research +65 6825 6108 |
| [email protected] Maritime Singapore |
50% / 70%* / 90%* co-funding of the course fee | The [email protected] Singapore grant assists maritime professionals to improve skills in IT, Data Analytics, Green Tech and other soft skills in the maritime industry. | ALL Year | Maritime and Port Authority of Singapore +65 6375 1923 |
| Business Efficiency | ||||
| Building Information Model (BIM) Fund | Up to $30,000 per applicant | BIM provides funding to encourage companies to build collaboration within the built environment industry firms. | ALL Year | Building and Construction Authority 1800 342 5222 |
| Capability Development Grant (CDG) | Up to 70% | CDG provides SMEs in Singapore with the opportunity to develop their capability in areas such as innovation, brand development and service excellence. | ALL Year | SPRING Singapore +65 6898 1800 |
| Energy Efficiency Fund (E2F) | Up to 50%, capped at $600,000. | E2F seeks to help industrial companies who wish to reduce their expenses through energy efficiency. | ALL Year | National Environment Agency 1800 225 5632 |
| Global Company Partnership (GCP) Grant | Up to 70% of eligible costs incurred | GCP provides financial assistance for companies who wish to be globally competitive by building internal capabilities, develop manpower, and gain market access. | Valid until 31 Mar 2018. | International Enterprise Singapore +65 6337 6628 |
| Inclusive Growth Programme (IGP) | Capped at $1 million over two years/company | IGP helps companies kickstart productivity projects and share the gains with their employees. | ALL Year | Employment and Employability Institute +65 6474 0606 |
| Innovation & Capability Voucher (ICV) | 8 vouchers valued at a maximum of S$5,000 each. | ICV aims to develop and improve the capabilities and productivity of businesses in: Financial Management, Human Resources, Innovation, and Productivity. | ALL Year | SPRING Singapore +65 6898 1800 |
| Land Productivity Grant (LPG) | Up to 70% | LPG aims to assist companies that need one-time assistance for relocation related costs arising from the domestic or overseas relocation of their business. | ALL Year | Singapore Economic Development Board +65 6832 6832 |
| Productivity & Innovation Credit (PIC) | 400% tax deductions or allowances; 60% cash payout on up to $600,000 per year | PIC enables businesses to enjoy tax savings in the form of deductions /allowances of up to 400% or non-taxable cash payouts in six various qualifying areas. | End of the year 2018 | Inland Revenue Authority of Singapore 1800 356 8622 |
| Revitalisation of Shops (ROS) Scheme | 100% of upgrading costs, up to $35,000 per shop. | ROS assists to revitalise HDB shops and promote them to gain a competitive advantage. | ALL Year | HDB Commercial Properties 1800 866 3073 |
| SPRING SEEDS Capital | Up to S$2M | SPRING SEEDS helps startups develop innovative products or processes that can be marketed and sold globally, to secure co-financing (dollar-for-dollar financing) for up to $2 million. | ALL Year | Spring Seeds Capital Pte. Ltd +65 6278 6666 |
| Marketing | ||||
| International Marketing Activities Programme (iMAP) | Up to 70% | IMAP supports international trade fairs and overseas business missions to network with businesses and gain feedback on their products and services to effectively market them. | ALL Year | International Enterprise Singapore +65 6337 6628 |
| Market Readiness Assistance (MRA) Grant | Up to 70%, capped at S$20,000/company per fiscal year | MRA assists SMEs in Singapore to expand internationally by identifying international business partners and overseas marketing opportunities. | ALL Year | International Enterprise Singapore +65 6337 6628 |
| Market Access Incubation Programme (MAIP) | Up to 70%, capped at S$10,000 per trip | MAIP provides financial support for startups looking to expand overseas through approved market access incubators. | ALL Year | International Enterprise Singapore +65 6337 6628 |
| Marketing Assistance | Up to S$25,000 per applicant (companies and individuals) per calendar year | The Marketing Assistance program helps media companies effectively market their products to their target audience. | ALL Year | Infocomm Media Development Authority +65 6377 3800 |
| Staffing and Human Resource | ||||
| Career Support Programme (CSP) | 40% of gross monthly salary, capped at $2,800/month | CSP is a wage support programme that helps SMEs hire Singaporean Professionals, Managers, Executives and Technicians (PMETs) to tap on their skills. | ALL Year | Employment and Employability Institute +65 6474 0606 |
| Enhanced Training Support for SMEs | 90% of course fees; 80% of employee’s basic hourly salary, capped at S$7.50 per hour | Enhanced Training Support aims to provide SMEs with the funding they need to enhance the skills of their workforce by sending them on training schemes. | ALL Year | Workforce Singapore +65 6883 5885 |
| Enterprise Training Support (ETS) | Up to S$200,000 | ETS encourages businesses to implement progressive and innovative human resource systems that would help raise the skills and productivity of employees. | ALL Year | Workforce Singapore +65 6883 5885 |
| Productivity-Max (P-Max) Programme | Up to 90% for SMEs & a one-off S$5,000 Assistance Grant | P-Max assists SMEs to recruit and retain the best Professionals, Managers and Executives in their field. | ALL Year | Workforce Singapore: +65 6883 5885 |
| SkillsFuture Earn and Learn Program | Up to $15,000 per individual | The Earn and Learn program provides graduates with hands-on training to further their careers. | ALL Year | Skills Future Singapore: +65 6785 5785 |
| SME Talent Programme (STP) | Up to 70% covering the internship stipend | STP helps SMEs attract local talent from ITEs, Polytechnics and Universities through student internships, sponsorships and fresh hire training to gain industry exposure. | ALL Year | Association for Small and Medium Enterprises: +65 6513 0347 |
| Special Employment Credit (SEC) | Wage offset of up to 16% | SEC provides a wage-offset to employers hiring Singaporean workers aged 55 and above. | 2017 to 2019 | Ministry of Manpower 1800 2222 888 |
| Talent Assistance | Many funding options for media practitioners | Talent Assistance provides many funding support options for the capability development of media practitioners. | ALL Year | Infocomm Media Development Authority +65 6377 3800 |
| Training Industry Professionals In Tourism (TIP-iT) | Up to 50% | TIP-iT enables businesses in the tourist sector to upgrade their employees’ skills and attract new talent. | ALL Year | Singapore Tourism Board +65 6736 6622 |
| Workforce Training & Upgrading (WTU) | Up to 90% | WTU assists businesses in building forward-thinking workforces and attracts mature locals back to work in the construction industry. | ALL Year | Building Construction Authority Ms Chrystal Chau +65 6730 4302 |
| WorkPro |
Up to $300,000 per company | WorkPro provides employees with support and funding to implement work-life measures, redesign jobs and improve workplace practices to allow more flexibility for employees. | ALL Year | NTUC +65 6213 8383 |
Check out: Selling your Singapore Business to the RIGHT People
