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Copyright © 2011. All Rights Reserved.
40 Ubi Crescent, #01-
Copyright © 2011. All Rights Reserved.
iSPRINT Scheme To Run For 5 More Years
S$85.5M extension to help 5,000 small and medium firms with infocomm solutions.
The iSPRINT scheme will run for 5 more years to get small and medium sized enterprises
(SMEs) to use infocomm in their business operations.
This extension comes at a cost of S$85.5 million, which will be paid for under the National
Productivity Fund. This is on top of the S$25 million already committed to the scheme,
introduced last year by the Infocomm Development Authority, SPRING Singapore and the
Inland Revenue Authority of Singapore.
The Ministry of Information, Communications and the Arts (MICA) wants to get 5,000 SMEs
to adopt at least 1 infocomm business solution by March 2016.
As of January 2011, over 750 SMEs have tapped on the iSPRINT scheme and will generate
an estimated S$400 million in value-add over the next 3 years.
Get a grant to defray costs of your infocomm project to improve or innovate your business
operations.
How Much?
For SMEs that are currently manual in all their operations and intending to implement ICT
solutions for their first time, iSPRINT's quantum of support will be raised from 50% to 70%
for qualifying costs.
For other SMEs that already have some ICT solutions on board but intend to computerise
another business function for the first time, iSPRINT will continue to support up to 50% of
the qualifying costs.
iSPRINT subsidies will cover up to 50% of qualifying costs for projects involving:
* customised solutions (e.g. customer relationship management, enterprise resource
planning)
* advanced customised solutions that require extensive development or re-engineering
(e.g. supply chain management)
From April/May 2010, the subsidies will also cover:
* packaged solutions for business functions (finance/accounting, human resources,
payroll)
* software-as-a-service type of packaged solutions with licence fees and monthly
subs
S$85.5M extension to help 5,000 small and medium firms with infocomm solutions.
The iSPRINT scheme will run for 5 more years to get small and medium sized enterprises
(SMEs) to use infocomm in their business operations.
This extension comes at a cost of S$85.5 million, which will be paid for under the National
Productivity Fund. This is on top of the S$25 million already committed to the scheme,
introduced last year by the Infocomm Development Authority, SPRING Singapore and the
Inland Revenue Authority of Singapore.
The Ministry of Information, Communications and the Arts (MICA) wants to get 5,000 SMEs
to adopt at least 1 infocomm business solution by March 2016.
As of January 2011, over 750 SMEs have tapped on the iSPRINT scheme and will generate
an estimated S$400 million in value-
Get a grant to defray costs of your infocomm project to improve or innovate your business
operations.
How Much?
For SMEs that are currently manual in all their operations and intending to implement ICT
solutions for their first time, iSPRINT's quantum of support will be raised from 50% to 70%
for qualifying costs.
For other SMEs that already have some ICT solutions on board but intend to computerise
another business function for the first time, iSPRINT will continue to support up to 50% of
the qualifying costs.
iSPRINT subsidies will cover up to 50% of qualifying costs for projects involving:
* customised solutions (e.g. customer relationship management, enterprise resource
planning)
* advanced customised solutions that require extensive development or re-
From April/May 2010, the subsidies will also cover:
* packaged solutions for business functions (finance/accounting, human resources,
payroll)
* software-
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