Government Grant

The PIC scheme boost your tax savings! It supports investments in six productivity improvement activities:

• PIC IT and Automation Equipment
• Training
• Acquisition and Licensing of Intellectual Property Rights

You can receive benefits from PIC scheme in two ways:

• Cash payout: up to $100,000, maximum cash payout is $60,000 for each year from 2013 to 2018
• Enjoy 40% tax deduction on up to $400,000

The $500 million ICT for Productivity and Growth (IPG) programme was announced at the 2014 budget speech. Over three years (FY14 – 16), IPG seeks to accelerate the adoption of ICT solutions among SMEs and boost SMEs’ productivity and growth.

The IPG comprises 3 key initiatives:

• Scaling up proven ICT solutions: 70% of the qualifying costs will be subsidised
• Piloting of emerging solutions: 80% of the qualifying pilot project costs will be subsidised, up to $1 million per SME
• Enabling high-speed connectivity for businesses:

1. 50% of the monthly recurrent cost of the fibre subscription plan will be subsidised
2. 50% of the cost of Wireless@SG equipment will be subsidised, capped at $2,400