Impact Evaluation Of IMDA’s iSPRINT Scheme
The iSPRINT is a financial assistance scheme administered by IMDA that aims to help local small- and medium-sized enterprises (SMEs) defray the costs of automating their business functions through information technology. Under the scheme, IMDA provides funding support to local SMEs for the first-time automation of each business function. This study evaluates the impact of the scheme on the revenue performance of firms that participated in the scheme.
Our findings show that the iSPRINT scheme has a positive impact on the revenue of firms that adopted solutions under the scheme. For example, for the median firm based on revenue size, its revenue was found to be 3.1 per cent higher after adopting iSPRINT solutions. By solution type, off-the-shelf solutions and sector-focused solutions were found to have increased the revenue of the median firm for that solution type by 4.6 per cent and 1.9 per cent respectively.
The views expressed in this paper are solely those of the authors and do not necessarily reflect those of the Ministry of Trade and Industry (MTI) or the Government of Singapore.