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Government Assistance Schemes



The Singapore Government is highly supportive of those industries which could provide citizens with the skills set necessary for ensuring Singapore's competitiveness into the 21st Century. Lately, this direction would be in IT, as shown by the IT Master Plan in Education and the establishment of the Technopreneurship 21 (or T21) - an initiative involving high-level government and private-sector efforts to prepare and lay the foundation for the successful development of a technopreneurship sector in Singapore.

The government has several institutions tasked to offers assistance schemes to help companies based in Singapore at the various stages of their growth. These institutions are:

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Assistance Programmes:

Assistance to SMEs

SPRING operates a phone-based helpdesk to SMEs known as SME First Stop. First Stop integrates the government’s efforts in upgrading and developing the local enterprise sector. It facilitates SMEs’ participation in more than 60 Government Development Assistance Programmes (GDAPs) and provides value-added services to local enterprises seeking information and facilitation on business and operations upgrading.

Assistance to Entrepreneurs

The key body in charge of forging the correct direction would be the Agency for Science, Technology and Research (A*STAR) under the umbrella of the Ministry of Trade and Industry (MTI). It also maintains a web site which, among other things, has a directory to list all those with interest in technopreneurship , namely the technopreneurs themselves, investors, investment bankers, lawyers and those in public relations.

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Range of Assistance

The range of Government initiatives to assist the private sector move into a more IT reliant environment takes several forms. It would be best if the respective authorities are contacted on the schemes listed for the details and qualifying criteria.

  1. Modernisation & Upgrading
    1. Local Enterprise Technical Assistance Scheme (LETAS) - SPRING
    2. Local Enterprise Computerisation Programme (LECP) - IDA
    3. Local Enterprise Accounting Programme (LEAP)
    4. IT Training - IDA
    5. Skills Development Fund (SDF) - SPRING
    6. Management of Economic Group Assistance (MEGA) Programme - SPRING
    7. The Relocation Assistance Programme for SMEs - SPRING
    8. Expert Sourcing Programme (ESP) - SPRING
  1. Marketing
    1. Technology Market Programme (TMP) -  SPRING
    2. Business.Connect - SPRING
    3. Franchising   -   SPRING
    4. R&D Incubator Programme - SPRING
  1. Innovation
    1. Innovator's Assistance (IAS) - A*STAR
    2. Innovation Development Scheme (IDS) - EDB/IDA/SPRING
    3. Innovator's Assistance Scheme (IAS) - A*STAR
  1. Research & Development
    1. Cooperative Research Programme (CRP)  - A*STAR
    2. Patent Application Funds (PAF) IPOS and Patents Authorities
    3. R&D Assistance Scheme (RDAS) - A*STAR
    4. Research Incentive Scheme for Companies (RISC) - A*STAR
    5. R&D Inc. Programme - SPRING
    6. Franchise Development Assistance Scheme (FRAN DAS) - IE Singapore
    7. Licensing Development Assistance Scheme (LIDAS) - IE Singapore
  1. Tax Incentives & Loans
    1. The Pioneer Status - EDB
    2. Investment Allowance Scheme (IAS) - EDB
    3. Local Enterprise Financing Scheme (LEFS) - SPRING

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