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Grants for Foreign Tech Companies Setting Up R&D in Singapore
The Singapore Green Plan 2030 is a comprehensive plan launched by the Singapore government to enhance the country's sustainability and resilience over the next decade. Government has introduced sustainability grants to enterprises across all industries. Below are the top 3 grants for enterprises to integrate sustainability into their business to capture new opportunities in the green economy.  1. Enterprise Sustainability Programme (ESP) Enterprise Singapore offers the Enterprise Sustainability Programme to support Singapore companies, especially the SMEs, to build capabilities and capture new opportunities. The ESP is designed to help companies get better at navigating their sustainability journey and supports various capability and product development projects via the Enterprise Development Grant. The grant helps companies to transform their business through innovative products, processes, and new business models. It optimized resource usage to make routine tasks more efficient and improve performance through automation and technology.  **Employers eligible for the SkillsFuture Enterprise Credit can qualify for additional subsidies under the scheme. 2. Business Improvement Fund (BIF) Singapore Tourism Board (STB) offers the Business Improvement Fund (BIF). It is a grant administered by the STB which aims to encourage technology innovation and adoption, redesign of business models and processes in the tourism sector to improve productivity and competitiveness.  BIF- Innovation & Productivity: Automation Track Projects under Innovation & Productivity support companies that explore new areas of growth or look for ways to enhance efficiency. These could include reviewing and redesigning workflow and processes. Companies could also tap into automation and technologies to make routine tasks more efficient.  3. Energy Efficiency Fund (E2F) The Energy Efficiency Fund (E2F) is an umbrella scheme consisting of 5 different grants to support businesses with industrial facilities to improve energy efficiency (EE). One of them is the Energy Management Information System.  Energy Management Information System (EMIS) Track Energy Management Information System grant support companies to install EMIS to monitor and manage energy consumption in a structured manner.   **Companies who are not partners can register here.
The Singapore Government offers a variety of grants to support sustainability projects for business. If your business is eligible for any of the grants above, please contact us to get a free consultation. Thereafter, should you decide to engage us, we can assist you in your end-to-end grant application and claims journey. Comments are closed.
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