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Provides technology consultancy services, expert
help and funding support for Singapore-based
SMEs. To
accelerate technology adoption in your business
operations, SPRING has launched the Technology
Innovation Programme (TIP) to provide the vital
support and resources you need.
more of the total
shareholding in the company and one level down
where the company holds more than 50% of the
shareholding in a subsidiary company.
TIP will help SMEs apply technology for process
and product innovation. We can help you to :
Identify the right technology platforms
Find experts who will work with you on research
and development projects
Get the information, advice and partners you
need to make the best possible use of technology
Technology
Innovation Projects
You can get a grant to defray the cost of
undertaking projects in Singapore which involve
the application of technology to develop or
improve your products, processes or business
models. The project should result in increased
revenue or value-added in your company.
How do I start?
You will need a viable business plan that
includes a strategic investment in technology
innovation. Your business model should also be
scalable and have strong growth potential.
How much
co-funding?
You can use the grant to defray up to 50% or 70%
of the costs of the technology project. Items
which qualify for the grant 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 (IPR)
As part of the enhancement package to help
businesses during the economic downturn, SMEs
will be given higher funding support to embark
on enterprise-level capability programmes. This
applies to applications received between 1
February 2009 and 31 January 2010.
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Enterprise Level |
Project done by an individual SME |
Up to 70% support |
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Consortium-level |
Project done by at least 3 companies,
half of which must be SMEs |
Up to 50% support for all participants (including non-SMEs) |
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Industry-level |
Consortium-level projects which can
benefit other members of the industry |
Up to 70% support
for all participants (including non-SMEs) |
Things to note
Interested applicants should demonstrate a
commitment to adopt technology innovation as
part of its business strategy. A business model
that is scalable, with a strong potential for
growth, would be an advantage. The project must
be carried out in Singapore.
Who can apply?
You may apply for the Technology Innovation
Programme (TIP) if your company meets the
following criteria :
registered or incorporated in Singapore
at least 30% of your shareholding is local
your company’s group fixed assets are below $15
million*
you have no more than 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% or more of the total
shareholding in the company and one level down,
where the company holds more than 50% of the
shareholding in a subsidiary company.
To know more about
the grant, please fill in the form below:
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Strength
of A2000 -> Government Support Grants -> SPRING
TIP Grant