Public Funding Singapore

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?

  1. Targeting the wrong grant
  2. Misunderstanding PIC’s definition of R&D
  3. Forgetting about funding
  4. Failing to claim staff costs under the PIC
  5. Mixing up “technology innovation” with “service innovation”
  6. Pitching it wrong

Read the rest of the article on www.techinasia.com