The Technology Innovation Programme (TIP) provides technology consultancy services, expert help and funding support for local SMEs through the following means :
- identifying the right technology platforms
- finding experts who will work with you on research and development projects
- and acquiring 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.
You may apply for TIP if your company meets these criteria :
- registered or incorporated in Singapore
- at least 30% of your shareholding is local
- your company’s group fixed assets are below $15 million*
- you have 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.
Before you apply
- Ensure that your company qualifies for the scheme you are applying for.
- Contact SPRING to discuss your project. You will need to work closely with SPRING to ensure your project meet the TIP-Experts guidelines.
- Finalise your project with SPRING. If your project and proposal qualify for TIP-Experts, you will be given the necessary application forms.
- Submit the application form to SPRING.
Upon successful application
- Receive a Letter of Offer from SPRING.
- Accept the Letter of Offer and start on your project.
- Keep proper financial records. E.g. expenses, invoices, receipts relating to the project.
- Keep proper project records. E.g. scope, timeline, deliverables, progress reports, project sign-offs, and evaluation reports.
- As the grant is given on a reimbursement basis, you will need to pay the consultant first.
Claiming for funds
- Submit your claim form 1a & 1b (EXCEL format, 46kB) with your financial and project records and Giro Form (PDF format, 77kB). The procedure for claims will be provided by SPRING.
- Wait for SPRING to approve your claims and reimburse you. SPRING will need to audit your claims.
Before you apply
- Ensure that you understand the qualification guidelines.
- Contact SPRING to discuss your project. You will need to work closely with SPRING to ensure your project meet the TIP-Projects guidelines.
- Finalise your project with SPRING. If your project and proposal qualify for TIP-Projects, you will be given the necessary application forms.
- Submit the application form to SPRING.
Upon successful application
- Receive a Letter of Offer from SPRING.
- Accept the Letter of Offer and start on your project.
- Keep proper financial records. E.g. expenses, invoices, receipts relating to the project.
- Keep proper project records. E.g. scope, timeline, deliverables, progress reports, project sign-offs, and evaluation reports.
- Pay the consultant first. The grant is given on a reimbursement basis. You will need to pay the consultant first.
Claiming for funds
- Submit your claim form with your financial and project records. The procedure for claims will be provided by SPRING.
- Wait for SPRING to approve your claims and reimburse you. SPRING will need to audit your claims
Technology Enterprise Commercialisation Scheme