LEVEL OF SUPPORT
Successful applicants will receive funding support of up to 70% of qualifying costs. Funding support is awarded based on STB's evaluation of the scope and merits of the project.
This enhanced funding support level for BIF Plus is only applicable to projects committed from 1 April 2015 to 31 March 2016.
Qualifying Costs
Include costs related to third party professional services, testing and certification costs associated with the development of the solution and delivery of products, processes, and services meeting the desired standards, training costs that are an intrinsic component of the project, hardware and/or software associated with proposed business concept or system/process redesign, travel costs associated with the project and internal manpower cost.
Non-Qualifying Costs
Include hardware and software costs not related to the project (e.g. solutions for basic business functions), off-the-shelf packaged solutions, maintenance cost and marketing cost.
APPLICATION EVALUATION
Proposed projects will be assessed on how they improve productivity, competitiveness and consumer experience of the tourism companies.
APPLICATION PROCESS
Interested applicants are requested to contact STB for more information.
Applicants are advised to provide an executive summary of the proposed project, using the template provided here, to STB_Incentives@stb.gov.sg. A STB officer will be in touch to assist you further.
Project should not commence prior to STB's offer of the grant. Applicants are encouraged to contact STB in advance of project commencement.
DISBURSEMENT OF GRANT
Grants will be disbursed to successful applicants on a reimbursement basis, subject to achievement of the agreed project deliverables and milestones. Applicants are required to submit third-party audited documents on qualifying costs for the disbursement of grants, unless otherwise stated.