The scheme funds 85% of the approved project cost. The funding is on a reimbursement basis and covers a one-time project set up cost which includes manpower, training, capital cost, retrofitting, etc. Funding for each project is capped at $300,000 and service providers will be given up to one year for project completion.
Research, prototypes, pre-commercialised products, ongoing operating cost, consumables and GST will not qualify for funding.
AIC does not endorse any particular brand or model. Service providers are encouraged to assess the brand or model based on their needs, and to purchase the equipment in accordance with their internal procurement guidelines.