TECHNOLOGY IS YOUR GAME CHANGER

*Updates from the recent briefing on “ICT for Productivity & Growth – Tech makes possible” held last Friday, 24^th April 2015 at Lifelong Learning Institute

TECHNOLOGY IS YOUR GAME CHANGER

Enhanced iSPRINT - now with broader coverage

This is to encourage SMEs to adopt the use of technology to increase productivity. The SGD$500 million ICT for Productivity and Growth (IPG) programme is a significant boost to Singapore's efforts to encourage this, with the new emphasis on solutions to transform SME sectors and on the use of high-speed connectivity for new business growth.

IPG is now incorporated into iSPRINT, giving you enhance and broadened coverage, while simplifying your application process.

What?	For Who?	Funding Level*
Promote deployment of solutions by SMEs			Connect-up Option SMEs can deploy high-speed connectivity with any of the technology solutions (excluding basic packaged solution).  High-Speed Connectivity (New!) 50% of monthly fibre broadband subscription (at least 100Mbps), capped a $120/month up to 24 months, or $2,880 per SME 50% of the cost of Wireless@SG equipment, capped at $2,400 for SMEs that require wireless connection in their public-facing business premises
Packaged Solutions	Intermediate Solutions SMEs who want to deploy other ready-to-use solutions can select from a pre-qualified list. Eg. Customer Relationship Management (CRM) and Enterprise Resource Planning (ERP) solutions	Up to 70% capped at $20,000 per solution Subscription-based solution is entitled to a 1-year support
	Sector Solutions (NEW!) SMEs who want to deploy proven sector-specific solutions can select from a pre-qualified list.	Up to 70% for the SMEs Subscription-based solution is entitled to a 1-year support “No Claim Submission by SME” SMEs pay only 30% upfront to vendors. IDA will reimburse the support directly to vendors.
Customised Solutions	SMEs who want to deploy tailor-made solutions.	Up to 70% for the SMEs, on a case-by-case basis.
Boost supply of sector solutions from vendors
Piloting New Sector Solutions (NEW!)	Vendors who want to lead a group of SMEs to pioneer the use of new and scalable sector-specific solutions	Up to 80% capped at $1 million per SME “No Claim Submission by SME” SMEs pay only 20% upfront to vendors. IDA will reimburse the support directly to vendors.
Scaling Up Proven Sector Solutions (NEW!)	Vendors who want their proven sector-specific solutions pre-qualified as Packaged Solutions	When successfully pre-qualified, the “Proven Sector Solutions” will be listed under “Packaged Solutions” above.

*Note that the iSPRINT support is generally taxable.

Sectors Where ICT Will Make Significant Impact
Retail	Food & Beverage	Construction	Logistics/Transport	Tourism & Attractions

Eligibility of SMEs
Businesses that:
Are registered or incorporated in Singapore	Have at least 30% local shareholding; and	Have not more that SGD$100 million group annual sales turnover OR Not more than 200 employees under the group.

TALK TO US NOW to find out how you can leverage on Singapore Government Grants and Schemes!

Find out more about iSPRINT Funding – www.ida.gov.sg/SME