Eligibility

All small and medium enterprise (SMEs)
Your business qualifies as SME if:

• 30% - 100% of your shareholding is local
• fixed assets are worth S$0 - S$15 million
• 0-200 employees (for companies in the services sector
  

Purpose

To encourage local enterprises to use technology by subsidizing 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

Grants

50% to 70% of the qualifying costs depending on the"Level" of the project
Qualifying costs include:

• Manpower-related costs
• Professional services
• Prototyping-related services
• Technical support services
• Equipment, materials & consumables, and software costs
• Intellectual property rights