Grants

Government Grants

Our experienced team will help you leverage on the available government grants to offset technological and productivity investments for your businesses

Applicable to Singapore registered clients only

Enhanced iSprint Packaged Solutions

iSPRINT (Packaged Solutions) consist of pre-qualified solutions that are available off-the-shelf or on a pay-per-use basis. SMEs can claim up to 70 per cent of the qualifying costs for their first purchase of a packaged solution listed under each solution category.

As part of the move to simplify the grant application process, IMDA introduced the concept of pre-qualified infocomm packages supportable under iSPRINT. These bite-sized, ready-to-use solutions enable SMEs to start deploying IT into their operations quickly and easily.

PIC (Productivity Innovation Credit)

The PIC grant is an initiative to offer considerable tax deduction to small and medium enterprises (SMEs) in Singapore who do investments in several activities that are associated with innovations and productivity improvements.

Approving AgencyGrant Amount
IRAS ("Inland Revenue Authority of Singapore")40% cash back (non-taxable) or 400% tax deduction

Mechisation Credit (MechC)

The Mechanisation Credit scheme defrays the cost of technology adoption purchasing or leasing equipment - that improves productivity by at least 20% (Standard MechC Scheme) or 30% (Enhanced MechC Scheme). The Scheme is targeted at construction firms (especially subcontractors) who are looking to using machines and equipment to improve work processes.

Intercorp's BAS-EPSS, used to track construction workers' attendance and productivity working hours for the construction sector, is eligible for the MechC Grant.

Approving AgencyGrant Amount
BCA ("Building & Construction Authority")Standard MechC - Grant up to 50%, capped at $20,000
Enhanced MechC - Grant up to 70%, capped at $25,000