Business Improvement Fund (BIF)

• Aims to encourage technology innovation and adoption, and the redesign of business models and processes in the tourism sector to improve productivity and competitiveness.
• Suitable for tourism companies taking on capability development initiatives & technology companies that create innovative technology products and services for tourism businesses.

For more information, please click here.

Enterprise Development Grant (EDG)

Provides up to 80% financial assistance for SMEs on qualifying project costs namely third party consultancy fees, software and equipment, and internal manpower cost. This grant supports projects that help SMEs upgrade their business, innovate or venture overseas, under three pillars as below:
• Core Capabilities
• Innovation and Productivity
• Market Access

As announced at Budget 2021, the enhanced maximum support level of up to 80% will be extended to 31 March 2022.

For more information, please click here.

Early Stage Venture Fund Scheme (ESVF)

Aims to encourage local enterprises to engage in corporate venturing to source for innovative technologies and business models as part of their overall corporate strategy, and in the process improve their innovation capacity.

For more information, please click here.

Productivity Solutions Grant (PSG)

With up to 80% funding support, SMEs interested in technology adoption to enhance their business processes and improve productivity can apply for this grant. The PSG grant covers non-industry specific solutions and Industry Specific Solutions (ITM) such as the below:

-Advanced Manufacturing
-Banks
-Building & Construction
-Cleaning
-Early Childhood
-Engineering Services
-Estate Agency
-Food Manufacturing
-Food Services
-Healthcare
-Legal
-Logistics
-Marine & Offshore
-Pest Management
-Retail
-Security
-Travel Agents
-Waste Management
-Wholesale Trade
-Others

The enhanced support level of 80% is time-limited and will lapse on 31 March 2022. The maximum support level will return to 70% from 1 April 2022. For eligible pre-scoped solutions, the enhanced support level of up to 80% will be extended from 1 April 2022 to 31 March 2023 for Food Services and Retail sectors.

For more information, please click here.