Singapore takes care of its companies. It offers numerous Singapore grants for companies and enables them to control their overhead costs. The grants allow startups and existing companies to save on their corporate income tax. The grants also allow them to invest in the development of employee skills, adopting new technologies or equipment.

1. Top 7 Government Grants for
Singapore Companies
www.sbsgroup.com.sg

2. SPRING Singapore is a government agency. It administers the ACE Startups
Scheme for the first-time entrepreneurs having an innovative idea. The
scheme provides mentor-ship support and startup capital grant.
The Accredited Mentor Partners (AMPs) select applicants. The AMP supports
the startups with advice, learning programs, and networking contacts.
Eligibility: First-time entrepreneurs who are Singaporean or Permanent
Residents are qualified for the scheme. The criterion for the selection is the
uniqueness of business concept, business model feasibility, management
team, and potential market value.
How It Works: For your every $3, you will get $7 under ACE. The startup
funding Singapore under ACE scheme is capped at $50,000.
1. ACE Start-ups

3. The Capability Development Grant (CDG) is a scheme for providing
financial assistance to startups for building capabilities in ten
business areas. They include consultancy, cost of certification, and
costs of equipment, and training.
SPRING supports startups that are eager to develop new products
under the CDG. They can apply for the grant of up to 70% of costs
for new product design, development, and manufacturing
processes.
Eligibility: Any Small & Medium Enterprise incorporated &
operating in Singapore
How It Works: Startups can qualify for up to 70% of CDG. The
grant is capped at $30,000.
2. Capability Development Grant

4. 3. Early-Stage Venture Funding
The Early Stage Venture Fund (ESVF) is a Singaporean initiative to support
Innovation and Enterprise.
ESVF is the biggest equity scheme by the government which co-funds
startups along with Venture Capital (VC) firms. The beneficiaries of this
startup funding Singapore are early-stage technology startups based in
Singapore.
The National Research Foundation (NRF) invests S$10 million on a matching
basis, to seed corporate venture capital (VC) funds. The VCs have the option
to buy NRF’s share within five years.
Eligibility: Startups that are operating in the technology sector in Singapore.
How It Works: National Research Foundation (NRF) co-funds startups up to
$10 million with approved VCs. Eligible startups can qualify for up to $3
million in this Singapore startup grants grant.

5. The Inland Revenue Authority of Singapore has a scheme for the
Singaporean companies for investments in innovation and
productivity improvements.
They can enjoy Cash Payout and/or Tax Deduction and receive a
PIC Bonus.
The scheme covers research & development, registration,
acquisition, & in-licensing of intellectual property, cost of
automation equipment, training of staff, & approved design
projects.
Eligibility: Singaporean companies, sole proprietors
How It Works: Under PIC scheme, businesses get 400% tax
deductions on up to $400,000. Or they can opt for 40% cash
payout of up to $100,000. The PIC Scheme will expire after Year of
Assessment (YA) 2018.
oductivity and Innovation Credit
C)

6. ncial Sector Technology and
nnovation (FSTI) Scheme
Momentary Authority of Singapore (MAS) launched FSTI scheme to support
innovation. It has invested S$225 million in the scheme.
The aim of this Singapore startup grant is to enable financial institutions to
establish their innovation labs in Singapore & support the development of
industry-wide technology infrastructure & innovation solutions.
Eligibility: Singaporean Financial Institutions (FIs) & technology or solution
providers working with Singaporean FIs.
How It Works: Under FSTI-Proof of Concept (POC), MAS funds up to 50%-
70% of qualifying costs, capped at $200,000, for up to 18 months.

7. The TECS is a government grants Singapore to help entrepreneurs
realize their technology-based ideas into promising businesses.
The scheme assists them in growing their business past the seed
stage and then, obtain funding from the third-parties to achieve
targeted revenues and growth.
The proposals for the grant are ranked solely based on the
evaluation of technical idea and its commercial merits. The TECS is
highly useful to the startups with strong technology Intellectual
Property & business model.
Eligibility: Companies registered in Singapore for less than five
years and searching for the breakthrough, IP-based, and
commercially viable technological solutions.
How It Works: TECS is a two-tier startup funding Singapore grant.
Proof of Concept at $250,000 & Proof of Value at $500,000.
6. Technology Enterprise
Commercialization Scheme (TECS)

8. 7. ComCare Enterprise Fund
The ComCare Enterprise Fund (CEF) is relatively new government grants for
startups, instituted to provide funding to the social entrepreneurs.
It is instituted by the Ministry of Social and Family Development. It is aimed
at seeding the Social enterprise startups.
If the startup has completed two years, it can seek funds for expanding its
activities.
Eligibility: Social enterprise startups that hire and train disadvantages
Singaporeans.
How It Works: CEF funds up to of 80% of the capital expenditure and
operating costs up to $300,000 for the first two years

9. Contact SBS Consulting Pte Ltd
Do you need assistance with your Singapore company
registration in Singapore?
Call Us: +65-6536 0036
E-mail: info@sbsgroup.com.sg
Visit: www.sbsgroup.com.sg

10. Thank You !Thank You !