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Reference: Singapore Tourism BoardUpdated 2/5/2026

Business Improvement Fund (BIF)

Up to 70% of qualifying costs for SMEs, up to 50% for non-SMEs. Additional 10% enhanced funding available for hotels implementing productivity solutions with Job Redesign plan

The Business Improvement Fund (BIF) helps tourism businesses boost productivity and competitiveness by supporting technology innovation and adoption, business model and process enhancements, and sustainability initiatives across the tourism industries. It is one of STB's most established grant schemes and is particularly targeted at companies within the tourism sector. BIF supports projects that lead to business transformation, capability development, and long-term sustainability. Companies in the tourism ecosystem — including accommodation providers, travel agencies, attractions, MICE organisers, tour operators, and lifestyle/retail businesses with a strong tourism focus — can leverage BIF to drive innovation, improve operations, and deliver exceptional visitor experiences. The fund supports both SMEs and non-SMEs with different funding levels for each category.

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Eligibility Criteria

  • 01

    Singapore-registered businesses only

  • 02

    Particularly tourism businesses taking on core capability development initiatives

  • 03

    Technology companies creating innovative products/services for tourism businesses eligible

  • 04

    Hotels and hostels must possess valid license from Hotels Licensing Board (HLB)

  • 05

    Projects must not have commenced at point of application

  • 06

    SME definition: At least 30% local shareholding AND either group annual sales up to S$100M OR employment ≤200

Frequently Asked Questions

SMEs receive funding support of up to 70% of qualifying costs, while non-SMEs receive up to 50%. SME status is determined by having at least 30% local shareholding and either group annual sales turnover up to S$100M or employment size ≤200.

Hotels, resorts, travel agencies, tour operators, tourist attractions, cruise operators, MICE companies, event organisers, lifestyle/retail businesses with tourism focus, and F&B outlets catering significantly to tourists.

Yes, technology companies creating innovative products and services specifically for tourism businesses are eligible.

Yes, hotels and hostels should possess a valid license issued by the Hotels Licensing Board (HLB).

Yes, training costs are covered if training is an intrinsic component of the project.

Contactless check-in systems, AI-powered customer service chatbots, smart queue management, inventory automation, mobile app development, workflow reengineering, sustainability planning, HR systems upgrades.

The Business Grants Portal (BGP) at https://www.businessgrants.gov.sg/ — a CorpPass account is required.