If you are a local business in Singapore, your company may able to
use the Local Enterprise Technical Assistance Scheme (LETAS) to help offset IT ecommerce
consultancy and implementation costs by up to 50%. The Singapore
government is actively helping local Small Medium Enterprises (SMEs) improve capability
developments in order to meet a fast-changing and technologically savvy world.
Local Enterprise Technical
Assistance Scheme (LETAS)
The LETAS grant is provided by Spring Singapore to help SMEs in Singapore to
engage external consultant to implement IT systems or in quality management.
Projects supported include implementations of online ecommerce systems, upgrading
computer systems, and ISO certification.
A local SME may apply for the LETAS grant if it meets the following eligibility
- Company is incorporated or registered
and with at least 30% local shareholding equity
- Company fixed assets are
worth below $15 million at net book value
- Company does not employ more
than 200 employees (for services sector)
The SME can only apply for one LETAS in each project area; which is one
LETAS grant for IT systems, and one LETAS grant for Quality management systems.
The SME may only apply for one LETAS grant in a year.
The funding support for IT projects does not cover hardware and
software costs. Funding support for Quality Management system projects does not
cover certification fees. As a general guideline, the financial statements for
the previous 2 years of the SME are required for the LETAS application. As
such, we require that:
- Company is active for at least the last 2
Please feel free to contact us for advice on how we can help
implement a one-stop eBusiness solution that boost your company’s ecommerce
presence, modernize business and operations, and increase sales while cutting
costs through automation.