Tourism Product Development Fund

Who qualifies

• Open to all legal entities, including businesses, associations, and government bodies.
• Projects must not have commenced before application; commencement includes work, payment, or a signed supplier contract.
• Projects must be able to attract foreign visitors and contribute to foreign visitors’ spend.
• Major rejuvenation must involve creating or introducing new content for visitors; refurbishment with no content refresh is not eligible.
• Foreign entities are encouraged to partner with local entities in the form of a joint venture or a consortium.
• Applicants may not apply for more than one grant to support the same project; any other grants or tax or financial incentives applied for or obtained must be declared at application.
• The grant applicant and the grantee must be the same entity.

What it funds

• R&D, product development, prototyping, IP

Costs covered: Third-party consultant or professional service fees; Hardware, machinery, IT equipment; Software licences and SaaS; Physical materials and consumables consumed by the funded project (e.g. construction materials, prototypes); Explain in notes.

Payment: Paid after the company incurs the cost and files a claim.

How to apply

Use STB’s Chatbot to check eligibility, prepare the executive summary, email it to STB_Incentives@stb.gov.sg, and then submit the formal application after an STB officer advises that the project may proceed.

1. Check eligibility using the Chatbot.
2. Prepare an executive summary with project objectives, description, schedule, and costing.
3. Email the executive summary to STB_Incentives@stb.gov.sg and wait for STB eligibility advice.
4. Submit the formal application form with supporting documents after STB advises that the project may proceed.

Before applying

• The project must not have commenced before application.

Documents

• Executive summary — Use the official TPDF executive-summary template. Agency document ↗
• Formal application form — Submit after STB advises the project may proceed.
• Supporting documents (if applicable) — If any, as stated on the scheme page.

Processing time: Up to 90 days upon receipt of the completed and signed application form and supporting documents, if any.

Claiming support

Submit an Agreed-Upon Procedures (AUP) Report by Practitioner and supporting documents to prove qualifying costs and agreed deliverables or milestones.

Contact: STB_Incentives@stb.gov.sg

Application window: No closing date stated on the scheme page.