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Collaborative Industry Projects (CIP)

The Collaborative Industry Projects (CIP) initiative supports collaborations between enterprises and industry partners, such as Trade Associations and Chambers, to source for suitable solutions to help overcome industry-specific business challenges.

Enterprises and industry partners across all sectors are encouraged to work together to develop and deploy solutions that could potentially help SMEs in larger a scale to reap benefits such as improved operational efficiency, increased productivity, and business development and growth. These solutions could be new-to-market, or baseline technologies aimed at helping companies level up existing processes.

Criteria

Projects should involve one or more of the following:

  • Streamlining or optimising existing processes
  • Upgrading capabilities to move up the value-chain
  • Co-innovating new product or service offerings and co-exploring market opportunities
  • Leading to improved operational efficiency, productivity or revenue growth

Projects should also demonstrate strong buy-in from industry players and be based in Singapore. A group or consortium of SMEs must to be able to demonstrate commitment to implement the project.

SMEs are defined as:

  • Registered and operating in Singapore
  • Have a minimum of 30% local shareholding
  • Have group annual sales turnover of not more than $100 million or group employment size of not more than 200 employees 

How you can benefit?

Approved projects will be eligible for up to 70% funding support for qualifying development and/or adoption costs. Software-and equipment-related project cost will be supported at up to 50%.


Last Updated on : 03 Aug 2017

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