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If you require additional funding to help you implement a RFID solution for your company, here are some grants that you can look into:

PIC Grant

Under the PIC Scheme, businesses enjoy?400% tax deductions/allowances?for qualifying expenditure incurred in any of the?Six Qualifying Activities?from the Years of Assessment (YAs) 2011 to 2018.

For YA 2013 to 31 Jul 2016, eligible businesses can also exercise an irrevocable option to convert qualifying expenditure of up to $100,000 for each YA into cash, at a conversion rate of 60%.

For qualifying expenditure incurred?on or after?1 Aug 2016, the cash payout conversion rate will be reduced from 60% to 40%. The PIC scheme will lapse after YA 2018.

CDG Grant

The Capability Development Grant (CDG) aims to support SMEs to scale up business capabilities and ensure business sustainability .

You can take on projects in areas like product development, human capital development, business processes enhancements for productivity and business model transformation. The grant defrays up to 70 percent*?of qualifying project costs such as consultancy, training, certification and equipment costs.

*?SPRING’s enhanced funding support of up to 70% would be effective for three years until 31 March 2018.