Enterprise Innovation Scheme (EIS)

The Enterprise Innovation Scheme is a statutory tax incentive co-administered by the Inland Revenue Authority of Singapore and Enterprise Singapore. Announced in Budget 2023, it applies from YA 2024 to YA 2028 and is meant to reward companies that spend on innovation rather than to operate as a discretionary grant round. Eligible businesses can claim 400% tax deductions on up to S$400,000 of qualifying expenditure per year across R&D in Singapore, IP registration, IP acquisition or licensing, and SkillsFuture-eligible training. Budget 2026 added AI expenditures as a fifth qualifying activity. The scheme also allows an optional cash conversion route, where up to S$100,000 of qualifying expenditure per year can be converted at a 20% rate, producing a cash payout of up to about S$20,000. ESG approves qualifying innovation projects, while IRAS handles the tax deductions and cash payout process. The best fit is a Singapore business with taxable activity and documented innovation spending that can support the underlying claim. Self-employed persons and partnerships can use IRAS digital services for the cash payout route, and the scheme is strongest when the applicant already has qualifying expenditure lined up under one of the listed activities. Because it is a tax mechanism rather than a competitive program, success depends on eligibility and documentation, not on ranking against other applicants.

Each grant below is a distinct funding opportunity with its own eligibility, scope, and deliverables.