IT projects - funding options for SMEs

PIC Grant/Bonus

Productivity and Innovation Credit (PIC)


PIC Bonus

From YAs 2013 to 2015, your business may also enjoy a PIC Bonus, a dollar-for-dollar matching cash bonus given on top of the existing 400% tax deductions/ allowances and/or 60% cash payout.

iSPRINT program by IDA Singapore

(Increase SME Productivity with Infocomm Adoption & Transformation)

The iSPRINT scheme addresses the different areas of infocomm adoption for the SMEs, making it easy and convenient for these enterprises to seek assistance to help them along their infocomm adoption journey.

It supports the packaged solutions pre-qualified by IDA and customised solutions, as long as the project involves the use of infocomm technology to improve the company's business operations, resulting in efficiency/ productivity, increased revenue or value-add for the business.

If you already have plans to implement infocomm solutions to improve your business operations, you can contact IDA to seek advice on the assistance that is suitable for your infocomm project or alternatively, you can complete and email the following documents to IDA at ( for a preliminary consultation:

  • Request Form
  • Business Proposal
  • Latest ACRA business profile of your company
  • Audited financial statements of your company for the last 2 years

Read more.

NextLogic has successfully assisted many SMEs with grants applications. Our success rate to date is 100% for companies that met eligibility criteria.