In Singapore, there are various government grants and assistance programs that apply to all types of companies regardless of size and readiness. These measures, covering areas from equipment and technology to business development, R&D, and intellectual property, are mainly targeted at local SMEs to help them in their upgrading efforts and achieving productivity growth.
The grants and schemes are mainly in the following forms:
- Loans: Purchase of operating assets and working capital for your business
- Grants: Funding for productivity and innovation-related projects, upgrading of business capabilities, R&D and intellectual property development, overseas expansion
- Tax Incentives: Tax deductions and tax incentives
- Equity Financing: Dollar-to-dollar matching and co-investment schemes
- Non-Financial Assistance: Self-help toolkits developed for SMEs
These are mainly administered by government agencies such as SPRING Singapore, IRAS, IDA, etc.
Please contact us if you wish to find out how we can assist you in applying for government grants and schemes. We are one of the leading business consultants in Singapore!
