iSprint scheme helping SMEs: MTI study

Singapore

THE iSprint scheme, which helps local small and medium-sized enterprises (SMEs) defray costs of automating their business functions through information technology, has been found to be effective in helping firms raise their revenue, according to a study by two economists in the Ministry of Trade and Industry (MTI).

Findings showed that for every one per cent increase in the project amount, the impact on firms' revenue was 0.03 per cent on average. For the median firm based on revenue size, this translates to a 3.1 per cent increase in revenue after adopting iSprint solutions.