SINGAPORE - A government scheme for small and medium enterprises (SMEs) has been incorporated into another programme, which has in turn been enhanced.
The $500 million Infocomm Technology for Productivity and Growth (IPG) scheme will now be part of the improved iSprint programme, said Dr Yaacob Ibrahim, Minister for Communications and Information on Wednesday.
iSprint stands for "Increase SME Productivity with Infocomm Adoption and Transformation".
The combination makes it possible for SMEs to apply through iSprint for IPG incentives.
Dr Ibrahim announced that IPG goes "live" on Wednesday, and SMEs can start sending in applications through the Infocomm Development Authority of Singapore (IDA).
The iSprint scheme aims to boost the productivity and growth of SMEs, and three new enhancements were also announced.
These are: providing new solutions for sectors, allowing SMEs to use tested and tried solutions from other sectors, and high speed connectivity for SMEs with support from the IDA.
Dr Yaacob said these aim to make adopting ICT solutions more accessible to SMEs.
"Global and technological trends have made the businesses highly competitive and SMEs must make use of technology to compete and succeed," he said, speaking at the 16th SMEs Conference and 17th Infocomm Commerce Conference.
"The opportunities are there, it is up to you to take advantage of the resources the Government has provided," he added, addressing the SMEs.