What is PIC
If your company is doing any of the six activities for Productivity and Automation improvements,
you will be entitle to apply for PIC Grant.
Previously there is a PIC Bonus but now has taken out. At the moment, the company can get up
to 60% as PIC grant. Come August 2016, it'd be dropped to 40% then slowly it'd be taken off completely.
1. Training of Employees
2. Registration of Patents, Trademarks, Design & Plant Varieties
3. Acquisition or leasing PIC Automation Equipments
4. Acquisitions of Intellectual Properties
5. R & D Activities
6. Investment in Design projects approved by Design Singapore Council.
Terms and Conditions apply.