Updated in September 2016 (based on publicly available online information)

PIC: Productivity and Innovation Credit (by IRAS)

  • Usable for costs related to: R&D, IP acquisition, and IP registration.
  • Available till Year of Assessment (YA) 2018 for expenditure in six categories of activities (includes acquisition/licensing of intellectual property rights, registration of intellectual property rights, R&D costs and so forth).
  • Eligible applicants can get a tax deduction of 400% for expenditure up to S$600k in the six categories of activities AND maximum cashback of 40% of expenditure in the six categories of activities (up to S$40k/YA).
  • Applicants should have active business operations in Singapore.
  • Applicants should have least 3 local employees with CPF contributions (Singaporean/PR).
  • Link

MRA: Market Readiness Assistance (by IE Singapore)

  • To aid Singapore-based companies to defray a portion of costs (eg. IP costs) when expanding outside of Singapore.
  • Funding of up to 70% of costs for eligible activities  (capped at S$20k/year), including filing of foreign IP applications.
  • Retrospective applications not allowable.
  • For companies with global HQ in Singapore.
  • Annual turnover of < S$100 million per annum.
  • Link

CDG: Capability Development Grant (by SPRING Singapore)

  • To develop capabilities of SMEs including aspects related to IP.
  • Phase I: Scope IP™ diagnosis of IP portfolio, strategy and systems.
  • Phase II: Implementation of recommendations to strengthen company, including developing intellectual property.
  • Reimbursement of up to 70% of qualifying costs for both Phase I and Phase II (till 31 March 2018).
  • Applicants should have ≥30% local shareholding.
  • Applicants should have group annual sales ≤$100m or employment ≤200.
  • Link

TECS: Technology Enterprise Commercialisation Scheme (by SPRING Singapore)

  • To aid startups to commercialise their proprietary technology including IP registration.
  • Up to 100% support for Proof-Of-Concept (POC) qualifying costs (capped at S$250k).
  • Up to 85% support for Proof-Of-Value (POV) qualifying costs (capped at S$500k).
  • Qualifying costs include “patent-related costs”.
  • For start-ups.
  • Link

If you have any queries, please feel free to contact:

Kian Hoe Khoo
Kkhoo@davies.com.sg
Desmond Tan
DTan@davies.com.sg