The document provides details on subsidies available from IDA Singapore for sector development related to infocomm. It lists the types of projects that are eligible for subsidies, including packaged solutions, customized solutions, and customized solutions requiring extensive development. For each project type, it specifies the grant cap as a percentage of qualifying costs and any applicable dollar amount limits. Qualifying costs that can be covered by the subsidies include software/subscription fees, consultancy services, training costs, and in some cases hardware/software and manpower-related expenses. The subsidies aim to encourage Singaporean SMEs to innovate and adopt infocomm solutions.
Original Description:
Original Title
IDA Singapore - Sector Development - Innovate with infocomm
The document provides details on subsidies available from IDA Singapore for sector development related to infocomm. It lists the types of projects that are eligible for subsidies, including packaged solutions, customized solutions, and customized solutions requiring extensive development. For each project type, it specifies the grant cap as a percentage of qualifying costs and any applicable dollar amount limits. Qualifying costs that can be covered by the subsidies include software/subscription fees, consultancy services, training costs, and in some cases hardware/software and manpower-related expenses. The subsidies aim to encourage Singaporean SMEs to innovate and adopt infocomm solutions.
The document provides details on subsidies available from IDA Singapore for sector development related to infocomm. It lists the types of projects that are eligible for subsidies, including packaged solutions, customized solutions, and customized solutions requiring extensive development. For each project type, it specifies the grant cap as a percentage of qualifying costs and any applicable dollar amount limits. Qualifying costs that can be covered by the subsidies include software/subscription fees, consultancy services, training costs, and in some cases hardware/software and manpower-related expenses. The subsidies aim to encourage Singaporean SMEs to innovate and adopt infocomm solutions.
IDA Singapore - Sector Development - Innovate with infocomm http://www.ida.gov.sg/Sector Development/20060929142757.
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What does the subsidy cover?
Types of Project Grant Cap Qualifying Costs
Packaged solutions1, Up to 50% - 70% of qualifying Software/ subscription cost
pre-qualified by IDA, for basic costs3 Consultancy services business functions: Training cost For Finance & Accounting, Payroll Finance/ Accounting2 and Point-of-Sales, Payroll capped at S$1,500 per Point-of-Sales packaged solution Software-as-a-Service For Software-as-a-Service solutions (excluding Finance / Accounting, Payroll, Point-of-Sales) max.12 months subscription, capped S$10,0004
Customised solutions Up to 50% - 70% of qualifying Consultancy services
(eg. customer relationship costs3, capped at S$10,000 per Training cost management, enterprise resource SME4 planning)
Customised solutions that Up to 50% - 70% of qualifying Manpower-related costs
require extensive development costs3 Consultancy services efforts and business Hardware/ software costs re-engineering (Grant amount is determined on a (amortised) (eg. supply chain management) case-by-case basis) Training cost
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