LEVEL OF SUPPORT
For Small Medium Enterprise (SME)
Successful SME applicants will receive funding support of up to 70% of qualifying costs.
Successful non-SME applicants will receive funding support of up to 50% of qualifying costs.
Funding support is awarded based on STB's evaluation of the scope and merits of the project.
Include third-party project-related costs such as professional services, testing and certification costs associated with the development of the solution and delivery of products, processes, and services meeting the desired standards, training costs that are an intrinsic component of the project, hardware/equipment and software associated with proposed business concept or system/process redesign, and travel costs associated with the project; and internal manpower cost (only applicable for Innovation & Productivity - Product Development).
Include hardware/equipment and software costs not related to the project (e.g. solutions for basic business functions), maintenance costs and marketing costs.
 At least 30% local (Singaporean or Singapore Permanent Resident) shareholding, and group annual sales turnover not more than S$100 million or group employment size not more than 200 employees.
Proposed projects will be assessed on how they improve productivity and competitiveness of tourism companies.
Please note that projects that have commenced prior to STB’s offer of the grant may not be eligible.
Step 1: Pre-Application