Small and medium-sized businesses (SMBs) investing in RAID technology can potentially benefit from government grants that support digital solutions and IT equipment adoption, although there is no specific grant explicitly for RAID technology. Key grants relevant for such investments include:
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Productivity Solutions Grant (PSG): Supports SMEs adopting pre-approved IT solutions and equipment to improve productivity and automate operations. It offers up to 50% funding support on qualifying costs, capped at S$30,000 annually. Eligible companies must be registered, have at least 30% local shareholding, and meet sales or employee size criteria. PSG covers a broad range of IT solutions, which may include storage and data management technologies like RAID if they are part of pre-approved solutions.
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Advanced Digital Solutions (ADS) Grant: Part of the SMEs Go Digital programme, ADS supports adoption of advanced digital technologies and integrated solutions with up to 70% funding support on qualifying costs. It covers hardware, software, infrastructure, cybersecurity, integration, and professional services. While ADS focuses on advanced digital solutions such as AI, robotics, and IoT, it also supports enterprise-level IT infrastructure investments, which could include RAID technology if aligned with the grant’s scope.
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Enterprise Development Grant (EDG): Although primarily for business transformation and market expansion, EDG can support technology adoption projects that enhance business capabilities, potentially including IT infrastructure upgrades.
In summary, while there is no grant specifically targeting RAID technology, SMBs can leverage grants like PSG and ADS that fund IT hardware and software investments, including storage solutions, provided these solutions are pre-approved or fit within the grant criteria. It is advisable for businesses to check the latest pre-approved solution lists and consult grant administrators to confirm eligibility for RAID-related investments.
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