Singapore Government Grants
There are two Government Grant Programmes available for the Web Ninja Ecommerce and CRM solutions that are designed to improve your productivity and automate your business. This means that not only do you get to run your business better and more efficiently by having an Ecommerce Web Store integrated with your Accounting Software, but you may also be able to get your purchase cost reduced by getting access to the Grants!
Government related programmes include the Productivity and Innovation Credit (PIC) and the Innovation and Capability Voucher (ICV).
There are Terms and Conditions associated with the programmes. Please read the details below:
PRODUCTIVITY AND INNOVATION CREDIT (PIC)
What is PIC?
The Productivity and Innovation Credit (“PIC”) was introduced in the Singapore Budget 2010.
Your business can enjoy 400% tax deductions/ allowances and/or 60% cash payout for investment in innovation and productivity improvements under the Productivity and Innovation Credit (PIC) scheme. The tax benefits under PIC are available from Years of Assessment (YAs) 2011 to 2018, for investment in any of the six qualifying activities.
For full details, please check the IRAS website
Or contact one of our Preferred Partners for details on claiming the grant.
INNOVATION AND CAPABILITY VOUCHER (ICV)
What is ICV?
The Innovation & Capability Voucher (ICV) is a simple to apply, easy-to-use voucher valued at $5,000, to encourage SMEs to take their first step towards capability development. SMEs can use the voucher to upgrade and strengthen their core business operations through consultancy in the areas of innovation, productivity, human resources and financial management. Apart from consultancy, ICV also supports SMEs in the adoption and implementation of simple solutions to improve business efficiency and productivity.
Web Ninja's Ecommerce and CRM solutions are both supported by ICV if purchased as part of an Integrated Solution with an Accounting Software (MYOB or Autocount). After signing the project proposal, you can apply for the $5,000 voucher and upon approval we can start work on building your Ecommerce or CRM solution.
All local SMEs can apply for ICV if they meet the following criteria :
Registered and operating in Singapore
Have a minimum of 30% local shareholding
Have group annual turnover of not more than $100 million OR group employment size of not more than 200 employees
For Full Details, please check the SPRING Singapore website
Or contact one of our Preferred Partners for details on applying for the voucher.