The Technology Innovation Programme (TIP) aims to strengthen the technological innovation capabilities in SMEs. To encourage the development of technology innovation as a competitive strategy for enterprises, SPRING provides vital support and resources to help SMEs:
- identify the right technology platforms
- find experts who will work with you on research and development projects
- acquire the information, advice and partners you need to make the best possible use of technology
We have a range of co-funding and support schemes that will help you meet the costs of technology innovation.
Establishing Centres of Innovation for Growth
SPRING partners with polytechnics and research institutes to establish Centres of Innovation. These one-stop centres offer technology consultancy and advice to help SMEs identify practical, downstream technology platforms that can be quickly adopted. They can also help SMEs develop technology projects.
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Enhancing Capabilities with Expert Help
Companies can benefit from having an expert that can help to identify critical technologies and build in-house R&D capabilities relevant to their operations. You can apply for local and overseas experts from polytechnics, universities, research institutes and the industry to be seconded to your company and TIP can help to defray some of the costs for up to 2 years.
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Catalyzing Technology Innovation Projects
Local enterprises embarking on projects that involve science and technology to develop and improve products, processes and business models can receive funding to defray the qualifying development costs. Applications received between 1 February 2009 and 31 January 2011 qualify for higher funding level as part of the government's BUILD package to help businesses.
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Companies applying must show a commitment to technology innovation as part of their overall business strategy. Businesses with scalable business models and strong growth potential will be considered favourably. Projects must also be carried out in Singapore.
Companies must also meet the following criteria to be eligible as an SME :
- Registered or incorporated in Singapore
- At least 30% of your shareholding is local
- Group fixed assets are below $15 million*
- No more than 200 employees (for non-manufacturing companies)*
* Computed on a group basis i.e. checking up to three levels for corporate shareholders holding 20% or more of the total shareholding in the company and one level down, where the company holds more than 50% of the shareholding in a subsidiary company.
Technology Enterprise Commercialisation Scheme