SPRING Singapore has set aside S$6 million under this programme to increase the capabilities of environmental technology businesses.

Aims

• To encourage small and medium enterprises (SMEs) in the environmental technology industry to build new capabilities that can add new service offerings or significantly improve their productivity.
• To fund the development of new environmental technology capabilities, products and services.

For who?

• All SMEs that are offering or wish to offer environmental technology products and services.
• Your business qualifies as a SME if:
  • 30% - 100% of your shareholding is local
  • your fixed assets are worth S$0 - S$15 million*
  • you have 0 - 200 employees (for non-manufacturing companies)*

*Computed on a group basis. Where 20% - 100% of your shares are owned by other companies, the total value of your fixed assets and employees is calculated 3 levels up. Where your company owns 51% - 100% of another company (subsidiary), your subsidiary’s fixed assets and employees will also be added to the computation.

For what?

• You can use EnviroTech CDP for:
  • Enterprise-Level Projects – projects that improve your business’ capabilities.
  • Industry-Level Projects – projects with other businesses which improve collective capabilities.
• Projects supported by EnviroTech CDP include:
  • Water & Wastewater Treatment
    E.g. embarking on unique commercial product/process development to address regional market demand.
  • Clean Or Alternative Energy
    E.g. efficient recycling processes converting waste to energy.
  • Solid Waste Management & Recycling
    E.g. projects that increase productivity with process automation.
  • Air Pollution Treatment & Filtration
    E.g. projects leading to a reduction in greenhouse gas emissions.
  • Certification Projects
    E.g. ISO14000 for environment management, Registration, Evaluation, Authorisation and Restriction of Chemicals (REACH) and Restriction of Hazardous Substances (RoHS).
  • Enhancing Engineering Services & Systems
    E.g. developing efficient process and control instrumentation (PCI) devices and systems.

How much?

• Up to 70% of qualifying costs for industry-level projects and up to 50% of qualifying costs for enterprise-level projects.
• Qualifying costs include:
  • manpower costs
  • equipment and materials
  • professional services

Things to note

• Do not start on your project until your application has been registered with SPRING. Funding will not be given for on-going projects.

Background

• The EnviroTech CDP is the sixth CDP introduced. The 5 previous CDPs were for the Marine, Logistics, Food & Beverage (F&B), Medical Technology and Semiconductor sectors.
• SPRING targets to generate S$300 million in total cumulative value-add over the next 5 years.