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23 SME Toolkits
22 Micro Loan Programme (MLP)
ACCESS TO LOANS
5 - 7 Innovation and Capability Voucher (ICV)
8 - 9 Increase SME Productivity With Infocomm Adoption & Transformation (iSPRINT)
10 ICT for Productivity & Growth (IPG)
11-12 Productivity and Innovation Credit (PIC)
13 PIC Bonus
RESTRUCTURING & PRODUCTIVITY
wORkfORCE & TRAINING SUPPORT
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16 SME Enhanced Training Support
17 WorkPro
VENTURING OVERSEAS
19-20 Market Readiness Assistance Grant (MRA)
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RESTRUCTURING & PRODUCTIVITY
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RESTRUCTURING & PRODUCTIVITY
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SolutionsProductivity
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RESTRUCTURING & PRODUCTIVITY
Tan & Sons Pte Ltd
Call 6898 1800 | Email [email protected] | Visit www.spring.gov.sg/ICV
ConsultancyProjects*
To apply, Mr Tan should
Tan & Sons Pte Ltd
To apply, Mr Tan should
Solutions
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RESTRUCTURING & PRODUCTIVITY
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1. View list of solutions
online**
2. Contact solutions provider
4.file for claims
(Claims: $2,000)
1. Complete business
proposal††
4. Approval by IDA
2. Submit to IDA
Call 6211 1212 | Email [email protected] | Visit www.ida.gov.sg/sme/isprint
RESTRUCTURING & PRODUCTIVITY
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PIC IT and Automation Equipment~
Acquisition andln-licensing of
Intellectual PropertyRights (IPRs)
Staff Training
TAXDEDUCTION400% x $400,000† =
max $1.6 million per year
CASHPAYOUT
60% x $100,000^ = max $60,000
per year
Registering for Intellectual Property Rights
R&D
to get 1 of these 2 benefits*
Approved Design Project
RESTRUCTURING & PRODUCTIVITY
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12Call 1800 356 8622 (Companies) | 6351 3534 (Self-employed/partnership) | Email [email protected] | Visit www.iras.gov.sg/irasHome/PIcredit.aspx
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RESTRUCTURING & PRODUCTIVITY
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RESTRUCTURING & PRODUCTIVITY
Carry out business operations
in Singapore
Tan & Sons Pte Ltd
Mr Tan decides to invest $50,000 in PIC activities.
Call 1800 356 8622 (Companies) | 6351 3534 (Self-employed/partnership) | Email [email protected] | Visit www.iras.gov.sg/irasHome/PIcredit.aspx
Have employed at
least three local employees*
$200,000 Tax Deduction OR
$30,000 Cash Payout
PIC Benefits
$15,000
PIC Bonus
Have spent at least $5,000 in PIC-qualifying
expenditure (net of government grant/
subsidy) in the basis period for that YA
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60%
funded by Mr TanOriginal
wagesWage
Increase
Requirements:• Singapore citizen
• The increase must be at least $50 or more
• Employee must have worked for employer for at least 3 months in year
of wage increase
Call 1800 352 4727 | Email [email protected] | Visit www. iras.gov.sg/irasHome/wcs.aspx
Share productivity
gains with his employees
Cope with rising manpower costs
and invest in productivity
improvements
RESTRUCTURING & PRODUCTIVITY
Using the WCS, Mr Tan is able to
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17Call 6883 5885 | Email [email protected] | Visit www.wda.gov.sg
EMPLOYEE
JOB SEEkER
EMPLOYER
Mr Tan, the employer, gets:
New Hire Retention Incentive
To retain newly recruited mature
workers and back-to-work locals*
free candidate
referral services
Age Management Grant
Acquisition of skills and knowledge on age management
practices
On-the-Job Training Allowance
OJT for newly recruited back-to-
work locals
Job Redesign GrantTo redesign jobs,
work processes and workplaces
work-Life Grant
Implementation of work-life strategies, particularly Flexible Work Arrangements
(FWAs)
A retention bonus of up to $1,200
One-time transport allowance to help workers from low income households defray initial costs of returning to work
Mentorship Allowance
Mentors will be assigned to locals
who have been unemployed for
>3 months Free job preparation workshops
Mentorship support for back-to-work locals
wORkfORCE & TRAINING SUPPORT
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VENTURING OVERSEAS
BR(1)Identify
opportunities in business process improvements for
internationalisation
BR(2)Compare and
analyse market environments and
their impacton businessoperations
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ME(2)Identify potentialin-market business
partners†
MA(3)Recommend best
mode of entry into
target market e.g by
franchising/licensing,
setting up sales
office etc
MA(1)Assess products and services for target overseas
market
MA(2)Study and assess target overseas
market’s potential for business
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VENTURING OVERSEAS
Tan & Sons Pte Ltd
Mr Tan will receive a Letter of Offer upon approval via email after which he can embark on the project.
Download MRA Panel list and application form
from the website.
To apply, Mr Tan should
Email completed formwith partner’s quote to
Contact IE partners to discuss work scope
and cost.
Call 1800 437 7673 | Email [email protected] | Visit www.iesingapore.gov.sg/MRA_Grant20
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