Digital Resilience Bonus: Who Qualifies and What You Get
Learn how businesses can receive cash payouts to help fund the adoption of digital tools for their operations.
The Digital Resilience Bonus is a scheme designed to provide financial support to businesses that adopt digital tools to improve their daily operations.
Who it's for
This scheme is available to businesses that are adopting digital tools to help manage or improve their business operations. It is intended for business owners looking to use technology to modernize how they run their daily tasks.
What you get
You can receive cash payouts intended to support your business during its digital transformation. These payouts are designed to provide financial assistance as you move your business processes into a digital format.
What it costs you
To receive the benefit, you must provide proof of digital tool implementation. This means you will need to prepare and submit documentation that confirms you have successfully integrated the digital tools into your business operations.
The catch to know
The main thing to keep in mind is that the bonus is tied to specific digital tools. You must ensure that the tools you are using for your digital transformation are those required by the scheme to qualify for the payout.
How to apply
- Identify the digital tools you intend to use for your business operations.
- Implement these digital tools into your business to begin your digital transformation.
- Gather the necessary documentation to prove that the tools have been implemented.
- Submit your application through the official portal: https://www.imda.gov.sg