PixelyPixely

  • HOME
  • ABOUT US
  • SALESFORCE
  • OUR CLIENTS
  • CONTACT
  • Home
  • Private: Blog
  • Government Funding
  • More Government funds for SME to Go Digital
September 29, 2023

More Government funds for SME to Go Digital

More Government funds for SME to Go Digital

by PixelyDEV / Thursday, 20 April 2017 / Published in Government Funding, Mobile, Technology, Website

Singapore is a small country whose only resource is its people. With that in mind, the Government visions a Smart Nation. A nation which advances with digital technology to enhance the way we live, work, play, and interact. A society which uses technology to solve its problems and creates new opportunities.

To walk the talk, several funds are in placed to show the Government’s commitment in rationalizing the Smart Nation vision. Funds that target Small Medium Enterprises (SMEs) transform digitally to keep up with technology advances and stay in business.

1) Capability Development Grant – Build your online presence

When a consumer cannot “Google” your brand, the immediate thought would either be that you are no longer in business or your brand is too small to be listed. Such reaction is especially relevant in a city-state like Singapore with one of the highest internet penetration rate and this greatly affects your brand’s credibility.

The Capability Development Grant (CDG) attempts to provide assistance for SMEs to build capabilities across 10 key business areas. From raising service standards, adopting technology to staff training and overseas expansion, the grant helps SMEs defray up to 70 percent of the expenses of qualifying projects.

2) iSPRINT – Offering your products and services online

Think beyond having just a company website. You may also want to increase sales by offering your products and services online.

iSPRINT supports SME’s use of technology to improve productivity. For example, SMEs can implement solutions such as POS (point-of-sales) systems from the list of prequalified IDA’s vendors. This grant allows SMEs to only pay 30% of the upfront expenses, capped at $20,000. IDA would reimburse the remaining costs directly to the vendors.

3) Productivity & Innovation Credit (PIC) – Research And Development

If you are looking to patent your designs and inventions; buy or rent new equipments to automate your operations; or simply improving your business efficiency with technology, PIC would be the funding you should be looking at. Under the PIC scheme, SMEs can enjoy tax deductions or cash pay-out for investments made in any of the 6 qualifying activities.

0
Tagged under: government funding, singapore, technology

What you can read next

How Loading Speed Kills You
Quick Guide to Cloud Technology
Why Error 404s are Fun

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

  • Top 3 sites to buy Stock Images

    A picture is worth a thousand words. When words...
  • Google prioritise HTTPS sites in search results

    Security is a top priority for Google. A big pa...
  • Boost Efficiency & Employee Engagement with Technology

    As the business need for a more manpower-lean e...
  • 3 Facts Why People Hack Your Website

    Did you know that people are trying to hack int...
  • US$1.7billion pumped into Singapore Smart Nation Plans

    During the annual Smart Nation and Digital Gove...

Recent Comments

    Archives

    • September 2017
    • July 2017
    • April 2017
    • March 2017
    • February 2017
    • January 2017

    Categories

    • Cloud
    • Government Funding
    • Internet Security
    • Mobile
    • Technology
    • Uncategorized
    • Website

    Meta

    • Log in
    • Entries feed
    • Comments feed
    • WordPress.org

    GET A FREE QUOTE

    Navigate the web landscape and embark on the journey with us!

    • HOME

    © 2019 All rights reserved | Internet X Pte Ltd

    TOP