Forward-looking organisations are characterized by the willingness to upgrade.
To assist companies to upgrade, public agencies such as Building and Construction Authority (BCA), SPRING Singapore and Singapore Workforce Development Agency (WDA) have been consistently and
unceasingly working with the industry to develop a suite of financial assistance programmes. These programmes aim to
help our construction industry stay competitive and ready for new challenges and opportunities:
| Scheme |
Purpose |
Administer by |
Aim |
|
Technology Upgrading |
Building and Construction Authority |
Encourage upgrading
through investment in modern equipment by providing tax allowance up to 50% of the approved capital expenditure |
|
Manpower Development |
Workforce Development Agency |
Support companies to send employees for training |
|
External Consultancy |
SPRING Singapore |
Assist SMEs to improve quality management and information technology system by providing assistance to defray up to 50% of cost in engaging consultants |
|
Technology Innovation |
SPRING Singapore |
Encourage technology innovation through the development of new products or processes by providing funding to defray cost
|
|
Research & Development |
Building and Construction Authority |
Encourage and support applied R&D that will raise the quality of life and make Singapore a distinctive global city
|
Technology Innovation Programme (TIP)
The Technology Innovation Programme is administered by SPRING Singapore with
aims to encourage local enterprises tap on technology to develop and improve products, processes and business models.
Qualifying costs include:
- Manpower-related costs
- Professional services
- Prototyping-related services
- Technical support services (eg. testing, certification)
- Equipment, materials & consumables, and software costs
- Intellectual Property Rights (IPR)
For the construction industry, as most builders are not SMEs, the interested builder has to team up with two other SMEs,
such as a sub-contractor or material supplier to propose a project at the “Consortium-level”. The project team should
demonstrate a commitment to adopt technology innovation as part of the business strategy. The grant will support the team
to upgrade the technology or improve work processes within the consortium.
| Type of Training |
Description |
Amount of Support |
| Enterprise |
Project done by an individual SME |
Up to 50% support |
| Consortium |
Project done by at least three companies, half of them must be SMEs |
Up to 50% support for all participants (including SMEs) |
| Industry |
Consortium projects which benefit other members of the industry |
Up to 70% support for all participants (including non-SMEs) |
Queries & Application Details
For more information on TIP, please visit www.spring.gov.sg or contact SPRING at Tel: 68981800 or
email: enterpriseone@spring.gov.sg
