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Ref: BIF · Singapore Tourism Board · reviewed 05 Jul 2026

Business Improvement Fund (BIF)

STB's grant for tourism businesses (and tech companies building tourism solutions) to fund technology adoption, business model redesign, automation, and sustainability projects. SMEs get up to 70% of qualifying costs supported, non-SMEs up to 50%, paid on reimbursement after milestones.

Up to 70% of qualifying costs for SMEs; up to 50% for non-SMEs funded

Not published; scoped per project by STB

Who qualifies

  • ✓Singapore-registered tourism businesses: hotels, travel agents, attractions, MICE organisers, tour operators
  • ✓Lifestyle/retail businesses with a strong tourism focus
  • ✓Technology companies creating solutions for the tourism sector
  • ✓SMEs (30%+ local shareholding, revenue <= S$100M or <= 200 employees) get the higher rate

What it pays for

  • Technology innovation and adoption, automation
  • Business strategy and business model/process redesign consultancy
  • Sustainability initiatives and certifications
  • Hardware/software, materials, training, and project-related costs

How to apply

Rolling applications; processing up to 90 days from complete signed application; disbursement on reimbursement basis

  1. 1Use the STB chatbot to confirm BIF is the right fund and your project qualifies
  2. 2Prepare an executive summary (BIF template) with objectives, project description, schedule, and costing
  3. 3Email it to STB_Incentives@stb.gov.sg and wait for an STB officer to confirm eligibility
  4. 4Submit the formal application; do NOT start the project before applying
  5. 5Deliver milestones and claim on reimbursement after cost verification

Advisor's note

Projects that have already commenced are automatically disqualified, and it is reimbursement-based, so you must have the cash flow to pay 100% upfront and claim back later.

Planning a digitalisation or overseas-expansion project? From 30 September 2026 those run under the EDGE grant, which replaced the EDG grant, PSG grant and MRA grant. Our team delivers EDGE projects end to end.

Common questions

How much does the BIF cover?

Up to 70% of qualifying costs for SMEs; up to 50% for non-SMEs, not published; scoped per project by STB. STB's grant for tourism businesses (and tech companies building tourism solutions) to fund technology adoption, business model redesign, automation, and sustainability projects. SMEs get up to 70% of qualifying costs supported, non-SMEs up to 50%, paid on reimbursement after milestones.

Who is eligible for the BIF?

Singapore-registered tourism businesses: hotels, travel agents, attractions, MICE organisers, tour operators Lifestyle/retail businesses with a strong tourism focus Technology companies creating solutions for the tourism sector SMEs (30%+ local shareholding, revenue <= S$100M or <= 200 employees) get the higher rate

What does the BIF pay for?

Technology innovation and adoption, automation Business strategy and business model/process redesign consultancy Sustainability initiatives and certifications Hardware/software, materials, training, and project-related costs

How do I apply for the BIF?

1. Use the STB chatbot to confirm BIF is the right fund and your project qualifies 2. Prepare an executive summary (BIF template) with objectives, project description, schedule, and costing 3. Email it to STB_Incentives@stb.gov.sg and wait for an STB officer to confirm eligibility 4. Submit the formal application; do NOT start the project before applying 5. Deliver milestones and claim on reimbursement after cost verification

How long does the BIF take?

Rolling applications; processing up to 90 days from complete signed application; disbursement on reimbursement basis

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