Get a grant for technology innovation projects that lead to new products or processes for your business.

For who?

• All small and medium enterprises (SMEs) that are registered or incorporated in Singapore.
  
  
• Your business qualifies as a SME if:
  
  
  • 30% – 100% of your shareholding is local
  • your group fixed assets are worth S$0 – S$15 million*
  • you have 0 – 200 employees (for companies in the services sector)*
  
  *Computed on a group basis i.e. checking up to three levels for corporate shareholders holding 20% - 100% of the total shareholding of your company and one level down where your company owns 51% - 100% of shareholding in a subsidiary company.

For what?

• To encourage local enterprises to use technology by subsidising technology innovation projects that help SMEs to:
  
  
  • develop new products, processes and business models
  • improve existing products, processes and business models
    
    
• The technology innovation project should lead to:
  
  
  • increase in revenue
  • increase in value-added

How much?

• 50% – 70% of the qualifying costs depending on the “Level” of the project as shown in the table below:
  
  

  Level	Description	Amount Of Support
  Enterprise	Project done by an individual SME	Up to 70% for the SME
  Consortium	Project done by at least 3 companies, half of which must be SMEs	Up to 70% for SMEs
  		Up to 50% for non-SMEs
  Industry	Consortium projects which benefit other members of the industry	Up to 70% support for all participants (including non-SMEs)

  
  
  
• Qualifying costs include:
  
  
  • manpower-related costs
  • professional services
  • prototyping–related services
  • technical support services (e.g. testing, certification)
  • equipment, materials & consumables, and software costs
  • intellectual property rights

Things to note

• You must show a commitment to technology innovation as part of your overall business strategy.
  
  
• Businesses with scalable business models and strong growth potential will be considered favourably.
  
  
• The project must be carried out in Singapore.

• TIP is part of BUILD (Business Upgrading Initiatives for Long-Term Development) which helps businesses to strengthen their capabilities during the downturn for future growth.
  
  
• BUILD provides higher funding support to SMEs for all existing SPRING Singapore's capability development programmes. This applies to applications received between 1 February 2009 and 31 January 2010.

	Existing	Revised
Funding Support at Enterprise/Consortium- Level	Up to 50% of qualifying cost for the SME	Up to 70% of qualifying cost for the SME

For more info

Technology Innovation Programme (TIP) - Projects
SPRING Singapore