The Productivity and Innovation Credit (PIC) may be the first wave of government assistant schemes to help businesses improve its bottom-line through automation and adoption of ICTs solutions. Through the years, it has also developed the consultancy industries in Singapore.



As productivity is widely defined as GDP per worker and given that the Productivity and Innovation Credit (PIC) scheme will expire in 2018, emphasis need to be placed on helping business improve their top-line growth to improve their revenues and thereby productivity. The second wave of government assistant schemes may well be various capability development grant (CDG) programmes to help business build new capability as well as internationalize.