Venture Platform Pte Ltd
40 Ubi Crescent, #01-04 Ubi Techpark, Singapore 408567
Tel. 65 6533 5834 | Fax. 6533 5835
Copyright © 2011. All Rights Reserved.    
To encourage local enterprises to use technology by subsidising technology innovation
projects that help SMEs to:

   * develop new products, processes and business models
   * improve existing products, processes and business models
   * The technology innovation project should lead to:
         o increase in revenue
         o increase in value-added

How Much?
   * 50% – 70% of the qualifying costs depending on the “Level” of the project as shown
    in the table below:
Services
Venture Platform Social Media

Level

Description

Amount of Support

Enterprise

Project done by an individual SME

Upto 70% for the SME

Consortium

Project done by at least 3 companies, half of which must be SME's

Upto 50% support for all participants (including non-SME's)

Industry

Consortium projects which benefit other members of the industry

Upto 70% support for all participants (including non-SME's)

Qualifying Costs includes:
   * manpower-related costs
   * professional services
   * prototyping–related service
   * technical support services (e.g. testing, certification)
   * equipment, materials & consumables, and software costs
   * intellectual property rights