How to Digitise My Business? | SME Grant Singapore

The Growth and Transformation Scheme (GTS) offers support for initiatives that drive capability development and holistic transformation in the Built Environment sector. This includes funding for projects that introduce innovative practices or technologies which can lead to substantial growth and transformation of your business. Find Out More.

Key Benefits:

• Support for risk-taking in innovation.
• Funding for both developmental and operational phases of transformation projects.
• Guidance from sector experts to ensure successful project execution.

Application Tips:

• Outline the expected outcomes and long-term impact of the project.
• Include measurable goals and a clear timeline in your application.

The LEAD Connect and LEAD Transact Grants are designed to enhance the digital connectivity and internal efficiencies of large enterprises, offering significant financial aid for adopting sophisticated ERP solutions and expanding business networks digitally. There is a $30k fixed grant applicable to large enterprises with their own finance/ ERP solution. Up to $40k grant by IMDA applies to large enterprises that meet the minimum number of transacting business partners on the InvoiceNow network. Find Out More.

Key Benefits:

• Financial aid to defray costs of technology adoption.
• Support for enhancing digital connectivity with business partners.

Application Tips:

• Provide a detailed plan on how the grant will help in achieving digital transformation.
• Show historical data to demonstrate potential improvements in efficiency and connectivity.

The Maritime Innovation and Technology (MINT) Fund is designed to spur development in Singapore's maritime sector. There are three funding schemes available: MINT-Research & Development (MINT-RD), MINT-Product Development (MINT-PD) and MINT-Startup Grant (MINT-STARTUP). This fund supports a wide range of initiatives, from research and development to product deployment and startup acceleration, thereby nurturing an innovative ecosystem in maritime technologies. Find Out More.

Key Benefits:

• Financial support for R&D, product development, and startups in the maritime industry.
• Access to a network of industry leaders and potential clients.
• Assistance in commercialising maritime technology.

Application Tips:

• Focus on the innovation and potential market impact of your project.
• Engage with maritime industry stakeholders to support your application.

The Operation & Technology Roadmap (OTR) initiative helps businesses create a long-term technology strategy that aligns with their overall business goals. This strategic planning tool is crucial for companies looking to streamline their operations and enhance their market adaptability through technology. Find Out More.

Key Benefits:

• Provides a clear technology adoption pathway tailored to your business strategy.
• Helps identify priority technology investments that drive growth.
• Facilitates better alignment between technology use and business objectives.

Application Tips:

• Clearly define how the technology aligns with and supports your business strategy.
• Include stakeholder input to ensure the roadmap is comprehensive and practical.

The Partnerships for Capability Transformation (PACT) scheme is designed to encourage collaboration between SMEs, MNCs, and large local enterprises. This initiative aims to drive knowledge transfer, capability enhancement, and co-innovation across different business sizes and sectors. Find Out More.

Key Benefits:

• Access to knowledge and resources from larger, more established companies.
• Funding support for collaborative projects.
• Opportunities for co-innovation and opening new markets.

Application Tips:

• Highlight the mutual benefits and synergies of the partnership.
• Outline specific outcomes and timelines for project milestones.

The Productivity Solutions Grant (PSG) supports companies keen on adopting IT solutions and equipment to enhance business processes. Businesses can choose from a list of pre-scoped solutions and receive up to 50% funding support for eligible costs. This grant caters to various industries, making it one of the most versatile and accessible grants for SMEs looking to improve productivity. Find Out More.

Key Benefits:

• Subsidises the costs of adopting pre-approved productivity-enhancing solutions.
• Reduces the risk associated with investing in new technology.
• Encourages SMEs to take the first step towards digital transformation.

Application Tips:

• Choose solutions that directly address your most pressing operational inefficiencies.
• Ensure that the vendor and solution are on the list of pre-approved providers.

The Public Sector Construction Productivity Fund (PSCPF) is aimed at encouraging the adoption of advanced construction technologies like Design for Manufacturing and Assembly (DfMA). This grant supports public sector projects adopting these technologies to enhance productivity and reduce manpower reliance. Find Out More.

Key Benefits:

• Financial support for adopting innovative construction technologies.
• Encourages a shift towards more sustainable and efficient construction practices.
• Improves project timelines and reduces labour costs.

Application Tips:

• Demonstrate how DfMA can lead to tangible improvements in productivity and cost savings.
• Provide case studies or evidence from other regions where DfMA has been successfully implemented.

Start Digital is an initiative designed to help newly digitising SMEs get off on the right foot by offering essential digital solutions. SMEs new to using digital technology can adopt any 2 solutions e.g. Digital Marketing, Digital Collaboration, Accounting, HR/Payroll, Cybersecurity, and others at no cost for at least 6 months (min. 18 months contract). This grant supports businesses in adopting two digital solutions from five key areas, helping them build foundational digital capabilities. Find Out More.

Key Benefits:

• Provides essential digital tools at minimal initial cost.
• Helps SMEs establish a digital baseline from which to expand.
• Reduces upfront costs associated with digital adoption.

Application Tips:

• Evaluate your business needs to choose the most relevant digital solutions.
• Plan for the integration of these tools into your daily operations for maximum impact.

The SG Cyber Talent Development Fund aims to enhance Singapore’s cybersecurity capabilities by supporting various initiatives from community events to skills development projects and training programs. This is essential in building a resilient and skilled cybersecurity workforce. The Fund will support 3 tiers of initiatives: community events and projects,  skill development and recognition projects &  training and job placement programmes. Find Out More.

Key Benefits:

• Supports a wide range of cybersecurity development initiatives.
• Enhances your business's cybersecurity posture.
• Provides access to training and development resources.

Application Tips:

• Focus on projects that offer broad community benefits and align with national cybersecurity strategies.
• Include measurable objectives and outcomes to showcase the potential impact of the initiative.

T-Up allows SMEs to access top-tier research talent from A*STAR’s Research Institutes. This grant facilitates the transfer of research expertise and capabilities into SMEs, enabling them to innovate and develop proprietary technologies. Find Out More here.

Key Benefits:

• Access to leading R&D expertise and facilities.
• Opportunity to develop unique products and processes.
• Strengthens the internal R&D capabilities of SMEs.

Application Tips:

• Propose projects that are aligned with both A*STAR’s capabilities and your business needs.
• Highlight how the collaboration will lead to commercially viable innovations.