By Mathias Boissenot
Rated number one in the world by the World Bank for ease of doing business, Singapore provides a variety of grants. In its most recent budget, the city-state’s government amplified its support toward the tech sector through a number of publicly funded schemes.
Still, many tech companies are currently missing out on the opportunity to benefit from these grants. We take a look at some of the main slip-ups.
How to avoid the main mistakes when applying for grants in Singapore?
- Targeting the wrong grant
- Misunderstanding PIC’s definition of R&D
- Forgetting about funding
- Failing to claim staff costs under the PIC
- Mixing up “technology innovation” with “service innovation”
- Pitching it wrong
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