The iSPRINT scheme addresses the different areas of infocomm adoption for the SMEs, making it easy and convenient for these enterprises to seek assistance to help them along their infocomm adoption journey for 1st time adopters.
It supports the packaged solutions pre-qualified by IDA and customised solutions, as long as the project involves the use of infocomm technology to improve the company's business operations, resulting in efficiency/ productivity, increased revenue or value-add for the business.
If you already have plans to implement infocomm solutions to improve your business operations, you can contact IDA to seek advice on the assistance that is suitable for your infocomm project or alternatively, you can complete and email the following documents to IDA at (ida_ino@ida.gov.sg) for a preliminary consultation:
- Business Proposal
- Latest ACRA business profile of your company and appointed ICT Solution Provider
- Audited financial statements of your company for the last 2 years
- At least 3 quotations from different ICT Solution Providers
What does the subsidy cover?
| Types of Project |
Grant Cap |
Qualifying Costs |
Packaged solutions1, pre-qualified by IDA, for basic business functions:
- Finance/ Accounting2
- Payroll
- Point-of-Sales
- Software-as-a-Service
|
Up to 50% of qualifying costs
For Finance & Accounting, Payroll and Point-of-Sales,
- capped at S$1,500 per packaged solution
For Software-as-a-Service
- max.12 months subscription, capped S$10,000
|
- Software/ subscription cost
- Consultancy services
- Training cost
|
Customised solutions
(eg. customer relationship management, enterprise resource planning)
|
Up to 50% of qualifying costs, capped at S$10,000 per SME |
- Consultancy services
- Training cost
|
Customised solutions that require extensive development efforts and business re-engineering
(eg. supply chain management)
|
Up to 50% of qualifying costs
(Grant amount is determined on a case-by-case basis) |
- Manpower-related costs
- Consultancy services
- Hardware/ software costs (amortised)
- Training cost
|
1 Please check out iSPRINT (Packaged Solutions) at www.ida.gov.sg/sme/ITPackages
2 Accounting software must comply with IRAS' e-Tax Guide and is listed in the IRAS Accounting Software Register.
How Do I Qualify?
Your business must meet the following criteria to qualify for the assistance:
- All small and medium enterprises (SMEs) that are registered or incorporated in Singapore
- Your business qualifies as a SME if:
- At least 30% of your shareholding is local AND
- Your company's group annual sales turnover is less than S$100 million OR
Your company's group employment size not more than 200 workers*
- For customised solutions, the development must be for 1st time automation of business functions, carried out in Singapore and the project must not have started before the grant is approved.
* Group Tracing : All levels up for corporate shareholder(s) holding more than 50% of total shareholding of a company, and all levels down for subsidiary(s) where applicant holds more than 50% of total shareholding.
Validity Period
Till 31 March 2016
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