![]() |
List of Grants for SMEThere are grants for SME that can help your company to improve the productivity and capability. Furthermore, we can help turn your investments into tax saving, or receive a cash payouts of up to $100,000. With more than 100 grants given by the various government agencies such as Infocomm Development Authority (IDA), Spring Singapore , Inland Revenue Authority of Singapore (IRAS) . It is a very difficult and complicated process . We can help you to determine which ones you qualify for.
SMEs Go Digital aims to defray up to 70 per cent of the cost of technology purchases, capped at $300,000 per SME. It will replace the seven-year-old iSprint scheme, which provided similar subsidies and basic tech advice, benefiting some 8,000 SMEs. SMEs Go Digital was announced at Budget 2017 to help SMEs build stronger digital capabilities to seize the opportunities for growth in the digital economy. Building on the foundation of Enhanced iSPRINT, SMEs Go Digital takes on a more structured and inclusive approach towards the adoption of digital technologies by SMEs. In addition to productivity tools such as digital ordering and payment, and fleet management, new digital capabilities such as cybersecurity, data protection, and data analytics will also be included under the SMEs Go Digital programme. SMEs can can reach out to the SME Centres for advice on the pre-approved solutions that meet their business needs. For SMEs with more advanced digital needs such as data analytics and cybersecurity, the Business Advisors at the SME Centres will refer them to the SME Digital Tech Hub. Click here for more about Go Digital Programme Startup SG Founder provides mentorship and startup capital grant to first-time entrepreneurs with innovative business ideas. SPRING will match $3 for every $1 raised by the entrepreneur. SPRING has appointed Accredited Mentor Partners (AMP) that will identify qualifying applicants based on the uniqueness of business concept, feasibility of business model, strength of management team, and potential market value. Upon successful application, the AMP will assist the startups with advice, learning programs and networking contacts. The grant is open to all Singaporeans/Permanent Residents who are first-time entrepreneurs. In addition, the applicant would need to adhere to the following conditions at the time of application: Approved applicants must dedicate a reasonable amount of their time on the business and must be a key decision maker in the company. The applicants must also commit full-time to the company and not be in any other employment from the time they accept the terms and conditions of the Letter of Offer. Click here for more info . MRA grant supports Singapore SMEs in international expansion. It covers activities like Who can apply for the MRA Grant? Agency: IE Singapore Amount: 70% / cap at S$20,000 Eligibility: P-Max is a programme under the Adapt and Grow initiative that aims to: With up to 90% funding support from WSG, SMEs are only required to pay the 10% nett fee portion of the respective SME and PMET workshop course fees. SMEs who successfully complete the six-month follow-up aimed at strengthening HR practices and retain their newly-hired PMET employee(s), will also be eligible for a one-off S$5,000 Assistance Grant. Click here for more about P-Max What is it? The Productivity Innovation Project Scheme primarily aims at encouraging contractors and prefabricators to embark on development projects that build up their capability and improve their site processes for achieving higher site productivity. These projects could be worked on individually or in groups. Who is it for? All stakeholders on the construction project value chain, who are registered and operating in Singapore, are eligible. What is it for? The incentive scheme helps contractors to re-engineer site processes or adopt labour-efficient construction technologies to reduce site workers or improve site productivity. The following costs are supportable on a co-funding and reimbursement basis: How much? Group Industry * Firms must be at least achieve 30% productivity improvement and demonstrate development in any 2 of the 3 areas in financial standing, human resource development or certifications/awards. ** Firms must achieve at least 40% productivity improvement, and the technology used must demonstrate the potential to greatly transform the industry's current state. Purpose of the Scheme Support level What does the EDG support? The Enterprise Development Grant (EDG) helps Singapore companies grow and transform. This grant supports projects that help you upgrade your business, innovate or venture overseas, under three pillars: 1. Overview The Inclusive Growth Programme (IGP) is a fund managed by e2i that helps companies kick-start productivity projects, with companies in return sharing the productivity gains with their workers through higher wages. e2i helps businesses identify potential areas for improvements to benefit both businesses and workers, and offers grant support under IGP to help companies get started on the productivity initiatives. The fundable components include: • Automation & equipment cost • Process re-engineering & job redesign • Training for local workers Capped at $1 million over two years per company, IGP can be used to fund: • Up to 50% of productivity improvement costs • Up to $300,000 per project For more information on the IGP, click here. As announced at Budget 2016, the SEC will be extended for three years (viz. 1 January 2017 to 31 December 2019) to continue providing a wage-offset to employers hiring Singaporean workers aged 55 and above, and earning up to $4,000. Re-employing Older Workers not covered by the new re-employment age of 67 For more information on the SEC, click here. |
|
Contact Us Total Accounting Solutions Knowledge 8.30am – 6.30pm ( Mon – Fri) |
Copyright © 2015 Total Accounting Solution Knowledge Pte Ltd. All Right Reserved | Sitemap |