Grants and Subsidies

Is your SME ready for the next phase of sustainability? Enhanzcom will help you find the right grant or subsidy that will help you develop capabilities across a wide range of development areas. Whether it is upgrading initiatives to help you grow your businesses locally and globally, let us point you in the right direction.

Productivity Innovation Credit (PIC)

Applies under the IT & Automation Equipment category Businesses can enjoy:

  • PIC Scheme: 400% Tax Deductions on up to $400,000 of expenditure per year
  • PIC+ Scheme: 400% Tax Deductions on up to $600,000 of expenditure per year from YAs 2015 to 2018
  • PIC Cash Payout: Cash payout on up to $100,000 of expenditure per year

Innovation & Capability Voucher (ICV)

Applies under the Productivity Solutions category

ICV supports SMEs in the adoption and implementation of simple solutions to improve business efficiency and productivity

Each SME can apply up to a maximum of two vouchers to implement productivity solutions

Each voucher is valued at S$5,000