Resources

Singapore offers a range of assistance schemes to help businesses succeed. We have compiled a list of business grants and initiatives in this one-stop resource page for you, categorised by the stage and function of your businesses.

Start-up (1-3 Years Old)

Startup SG Tech (Micro)
Startup SG
Provides funding for startups to carry out Proof-of-Concept and Proof-of-Value trials for innovative technologies.

Startup SG Equity (Micro)
Startup SG

To catalyse private sector investments into local-based technology startups with strong IP and global potential.

As part of the Startup SG Equity scheme, the government will:
(i) Co-invest with independent, qualified third party investors into eligible startups; and
(ii) Invest in selected venture capital firms that will in turn invest into eligible startups, through a fund-of-funds approach.

The investment cap for general tech startups is $2M, and $8M for deep tech startups. The co-investment ratio for general tech startups is 7:3 up to the first $250K and 1:1 thereafter, up to $2M. The co-investment ration for deep tech startups is 7:3 up to the first $500K, 1:1 from $500K to $4M, and 3:7 thereafter, up to $8M.

Early-stage deep tech startups based in Singapore, with a primary focus on Advanced Manufacturing, Pharmbio/Medtech, Agri-food tech can have a minimum fund size of S$30M. The Investee Fund can invest up to 20% of its fund size per investee company. Total investments by the Investee Fund into Singapore-based deep tech startups should minimally be matched against EDBI’s capital commitment using a 1:1 ratio or at least 20% of the total fund size.

Startup SG Accelerator (Micro)
Startup SG
Supports incubators and accelerators in strategic growth sectors that take on the role of catalysing growth opportunities for high potential startups through their programmes, mentorship and provision of resources.

Startup SG Founder (Micro)
Startup SG
Provides mentorship and startup capital grant to first-time entrepreneurs with innovative business ideas. The enhanced Startup SG Founder scheme will comprise of 2 tracks:

(i) For the “Train” track, Enterprise Singapore has appointed Venture Builder and Accredited Mentor Partners (‘VB-AMPs’) with strong track records of venture building to provide 3-month Venture Building (VB) programmes to Singaporeans. The programme will provide support for sourcing innovation, commercialising these ideas into scalable businesses, getting product/solution validation from customers and finding capital.

(ii) For the “Start” track, teams of entrepreneurs with innovative business ideas can approach any Enterprise Singapore-appointed Accredited Mentor Partners (AMP) with their innovative business ideas. The AMPs will identify and recommend qualifying applicants for funding support based on the uniqueness of business concept, feasibility of business model, strength of management team, and potential market value. Enterprise Singapore will also provide the startups with a startup capital grant of $50,000. The co-matching amount has increased from $10,000 to $20,000, which must be fulfilled before the 2nd tranche disbursement. Applicant company must have at least S$10,000 in paid-up capital at the point of application.

Startup SG Talent (Micro)
Startup SG
Supports startups’ talent needs.

Schemes under this pillar include: EntrePass, T-Up, Global Ready Talent Programme (GRT), Tech@SG Programme, Global Tech Talent Alliance (GTTA), and Innovation & Enterprise Fellowship Programme (IFP).

Startup SG Infrastructure (Micro)
Startup SG
Provides physical spaces (e.g. LaunchPad @one-north) for startups to grow, experiment, and flourish.

5G Grant (Micro, SME)
Infocomm Media Development Authority (IMDA)
Supports and encourages enterprises and industries to adopt and implement new 5G applications in live operating environment.
The programme will also be supporting solution providers and technology developers commercialising 5G solutions, by making the benefits of 5G more accessible to companies, focusing on:

– Domain areas (ie. Robotics & IoT, AI & Data, AR/VR)
– Commercialisation and deployment of 5G solutions.

IMDA will support up to 70% of qualifying costs for approved projects.

Enterprise Financing Scheme (EFS) (Micro, SME, MNC)
Enterprise Singapore (ESG)

  • Provides support for businesses at various stages of growth to access financing and stronger support for young businesses.
  • EFS covers seven different areas – green growth projects, working capital, fixed assets, venture debt, trade, projects, and mergers and acquisitions.
  • EFS-Green is open for applications from 1 Oct 2021 until 31 Mar 2024. All applications must reach ESG and be approved by a partner financial institution by 31 Mar 2024.
  • The maximum loan quantum supported for EFS-Venture Debt will be raised from $5 million to $8 million.
  • Enhanced EFS-Trade Loan has been further extended for to 31 Mar 2023. Beyond the period of this extension, the enhanced risk-share of 70% will be maintained for young enterprises and enterprises trading in challenged markets.
  • The enhanced Enterprise Financing Scheme – Project Loan (EFS – PL) will be further extended till 31 Mar 2023 to support domestic projects for construction enterprises.
  • As announced at Budget 2022, the Enterprise Financing Scheme – Merger & Acquisition (EFS – M&A) will be enhanced for 4 years, from 1 Apr 2022 to 31 Mar 2026, to include domestic M&A activities.

SG:D Spark (Micro, SME)
Infocomm Media Development Authority (IMDA)
Aimed at addressing the key challenges and supporting the growth of promising Singapore-based ICM startups through selected Government tools as well as creation of a vibrant, collaborative ecosystem and network.

IMDA Licensing (Micro, SME, MNC)
Infocomm Media Development Authority (IMDA)
In regulating the infocomm and media sectors, IMDA administers various licences, creating a level playing field for the various industry players and licensees.

IMDA Regulations (Micro, SME, MNC)
Infocomm Media Development Authority (IMDA)
IMDA has put in place a number of guidelines, acts and code of practices, which bring clarity to the industry as well as provide more informed choices for consumers.

Digital Industry Singapore (DISG) (Micro, SME, MNC)
Infocomm Media Development Authority (IMDA)
A joint office of the Economic Development Board (EDB), Enterprise Singapore (ESG) and Info-communications Media Development Authority (IMDA). DISG will build up both the consumer technology and enterprise technology segments of the ecosystem.

Business Grants Portal (Micro, SME)
Government
One-stop portal for businesses to apply for grants according to their needs without having to approach multiple agencies.

You can apply on the Business Grants Portal for:

  • Market Readiness Assistance (Enterprise Singapore)
  • Enterprise Development Grant (Enterprise Singapore)
  • Business Improvement Fund (Singapore Tourism Board)
  • Experience Step-Up Fund (Singapore Tourism Board)
  • Aviation Development Fund (Civil Aviation Authority of Singapore)
  • Productivity Solutions Grant
  • Agri-Food Cluster Transformation Fund (Singapore Food Agency)
  • Electric Vehicle Common Charger Grant (Land Transport Authority)

Tax Exemption Scheme for New Start-Up (Micro, SME, MNC)
Inland Revenue Authority of Singapore (IRAS)

Tax exemption applicable for all new incorporated Singapore companies in the first 3 consecutive year assessment, except those with principal activity as investment holding and undertakes property development for sale and investment.

  • YA 2020 and 2021 onwards: 75% exemption on the first $100,000 of normal chargeable income and a further 50% exemption on the next $100,000 of normal chargeable income.
  • YA 2019 and before: Full exemption on the first $100,000 of normal chargeable income and a further 50% exemption on the next $200,000 of normal chargeable income.

This exemption scheme applies to qualifying companies only for their first 3 consecutive YAs. From the fourth YA onwards, companies can enjoy the partial tax exemption.

Partial Tax Exemption on first $200,000 of Chargeable Income (YA 2020 onwards)
75% exemption on the first $10,000 of normal chargeable income and a 50% exemption on the next $190,000 of normal chargeable income.

Partial Tax Exemption on First $300,000 of Chargeable Income (YA 2019 and before)
75% exemption on the first $10,000 of normal chargeable income and a 50% exemption on the next $290,000 of normal chargeable income.

Enhanced Training Support for SMEs (ETSS) (Micro, SME)
Workforce Singapore (WSG)

  • The ETSS offers higher course fee grant of up to 90% of the course fees and absentee payroll funding of 80% of basic hourly salary at a higher cap of $7.50 per hour for SMEs signing up for SSG-supported courses.
  • With effect from 1 Jan 2022, SSG will introduce a fixed absentee payroll rate of $4.50 per hour, capped at $100,000 per organisation annually.

Company Above 3 Years Old

Enterprise Development Grant (EDG) (Micro, SME, MNC)
Enterprise Singapore (ESG)

  • Businesses can tap on support for projects in 3 key areas – core capabilities, innovation and productivity, and internationalisation.
  • The Enterprise Development Grant (EDG) funds up to 70% of qualifying costs for SMEs, and up to 50% of qualifying costs for non-SMEs.
  • Enhanced support for the Food Services and Retail sectors to cover up to 80% of qualifying costs has been extended until 31 Mar 2023.
  • Unionised enterprises and Employment and Employability Institute (e2i) partners under the Labour Movement can qualify for an additional 10% funding, subject to NTUC-e2i’s endorsement.

Enterprise Financing Scheme (EFS) (Micro, SME, MNC)
Enterprise Singapore (ESG)

  • Provides support for businesses at various stages of growth to access financing.
  • EFS covers 7 different areas – green growth projects, working capital, fixed assets, venture debt, trade, projects, and mergers and acquisitions.
  • EFS-Green is open for applications from 1 Oct 2021 until 31 Mar 2024. All applications must reach ESG and be approved by a partner financial institution by 31 Mar 2024.
  • The maximum loan quantum supported for EFS-Venture Debt will be raised from $5 million to $8 million.
  • Enhanced EFS-Trade Loan has been further extended to 31 Mar 2023. Beyond the period of this extension, the enhanced risk-share of 70% will be maintained for young enterprises and enterprises trading in challenged markets.
  •  The enhanced ESF – Project Loan will be further extended till 31 Mar 2023 to support domestic projects for construction enterprises.
  • As announced at Budget 2022, the EFS – Merger & Acquisition will be enhanced for 4 years, from 1 Apr 2022 to 31 Mar 2026, to include domestic mergers and acquisitions activities.

Enterprise Leadership for Transformation (ELT) (SME)
Enterprise Singapore (ESG)

  • Supports business leaders of promising SMEs in achieving the next bound of growth, through structured modular training in business growth capabilities and business coaching in developing a business growth plan.
  • Offers access to an alumni network for peer learning and collaboration.
  • The ELT will be delivered by a network of partners including Institutes of Higher Learning (IHLs), financial institutions, and industry experts.
  • Eligible enterprises can qualify for up to 90% funding of programme fees.

SME Centres (Micro, SME)
Enterprise Singapore (ESG)

  • SME Centres provide business diagnosis and advisory services, capability workshops and group based upgrading projects for micro and small enterprises.
  • For a 2-year pilot commencing in 2020, SME Centres will take on the role as growth partners for promising micro and small enterprises, to jointly develop business plans and support implementation efforts.
  • Specialist Advisors at SME Centres will provide in-depth support to enterprises in specific areas such as digitalisation and financing advice. Firms can approach any of the SME Centres for an appointment.

Productivity Solutions Grant (PSG) (Micro, SME)
Enterprise Singapore (ESG)

  • Businesses can access a wide range of pre-scoped solutions, including IT solutions, equipment, and consultancy services (e.g. job redesign). Businesses will be able to achieve productivity gains and offer more enriching jobs with better wages for workers.
  • From 1 Apr 2022, the maximum level of funding will be up to 70%.
  • For eligible pre-scoped solutions, enhanced support level of up to 80% will be extended from 1 Apr 2022 to 31 Mar 2023 for Food Services and Retail sectors.

PACT Programme (SME, MNC)
Enterprise Singapore (ESG)
Collaborate with other businesses to build capabilities, innovate and pursue new business opportunities in local and overseas markets.

PACT has been enhanced to increase support rates for qualifying costs and has expanded the scope of support to include Singapore companies with manufacturing activities carried out overseas. These enhancements will now be extended to 31 Mar 2023.

The current support levels for PACT are as follows:
i. The support rate for non-SMEs for software, materials, professional services, hardware and equipment costs is up to 50%.
ii. The support rate for non-SMEs for manpower costs such as training and salary is up to 70%.
iii. The support level for SMEs in software, materials professional services and manpower costs remains at up to 70% of the qualifying costs while support rate in hardware and equipment costs remains at 50% of the qualifying costs.

The scope of the scheme covers qualification costs incurred by local suppliers when carrying out manufacturing activities overseas.

Heartland Enterprise Upgrading Programme (HEUP) (Micro)
Enterprise Singapore (ESG)
An integrated support package for selected Merchants’ Associations to implement holistic precinct rejuvenation plans, through infrastructural improvements, place-making activities, capability upgrading projects, and training for businesses and workers.

Scale-up SG (SME, MNC)
Enterprise Singapore (ESG)
Scale-up SG is a 12-18 months programme that helps selected high-growth potential local companies scale effectively, become leaders in their fields and be groomed into future global champions. The programme aims to accelerate the companies’ growth so that they are able to contribute significantly to Singapore’s economy and create good jobs for Singaporeans.

A co-funding principle will apply to ensure commitment from companies participating in the programme. ESG supports up to 80% of the programme participation costs from 14 Sep 2020 to 31 Mar 2022.

Singapore Global Enterprise (SGE) Initiative (SME, MNC)
Enterprise Singapore (ESG)
To nurture and support promising local enterprises through bespoke, high-touch assistance tailored to the specific needs of each enterprises in areas such as innovation, internationalisation and fostering of new partnerships with other firms.

Singapore Global Executive Programme (SGEP) (SME, MNC)
Enterprise Singapore (ESG)

Help local enterprises build a pipeline of young local talent with the potential to take on regional or global leadership positions.

The SGEP is a bespoke talent programme that supports selected local enterprises with global ambitions in three ways:

  • Provides dedicated support and guidance to enterprises, such as access to human resource expertise and benchmarking data to help enterprises strengthen their human capital capabilities and elevate their talent management practices.
  • Supports enterprises in their branding and outreach efforts to position them as attractive employers offering exciting career opportunities.
  • Works with enterprises to create a curated career development pathway and expose young local talent to growth opportunities along this pathway. This can be done through overseas attachments, leadership development programmes and networking amongst a growing community of like-minded young talent. The SGEP will also support resources to build in-house HR team, enabling them to implement their in-house talent development programmes.

The SGEP will be launched in the second half of 2022. More details will be shared later.

GoBusiness e-Adviser for Government Assistance (Micro, SME)
Government
Businesses can get customised guidance on government assistance. The e-adviser will recommend the most relevant government assistance to businesses via a guided set of questions on business needs.

GoBusiness Licensing (Micro, SME)
Government
Businesses can look forward to simpler, faster and better processes when transacting with the Government through the GoBusiness Licensing portal. The portal currently provides new businesses in the food services sector with a guided, streamlined journey for licensing applications.

Business Grants Portal (Micro, SME)
Government
One-stop portal for businesses to apply for grants according to their needs without having to approach multiple agencies.

You can apply on the Business Grants Portal for:

  • Market Readiness Assistance (Enterprise Singapore);
  • Enterprise Development Grant (Enterprise Singapore);
  • Business Improvement Fund (Singapore Tourism Board);
  • Experience Step-Up Fund (Singapore Tourism Board);
  • Aviation Development Fund (Civil Aviation Authority of Singapore);
  • Productivity Solutions Grant;
  • Agri-Food Cluster Transformation Fund (Singapore Food Agency);
  • Electric Vehicle Common Charger Grant (Land Transport Authority)

SkillsFuture Enterprise Credit (SFEC) (SME)
SkillsFuture Singapore (SSG)

Additional support for employers investing in workforce and enterprise transformation. Eligible employers will receive a one-off $10,000 credit per firm to cover up to 90% out-of-pocket expenses for workforce and/or enterprise transformation. To encourage employers to embark on both enterprise and workforce transformation programmes in tandem, $3,000 of the credit can be used for workforce transformation programmes only. Hence, employers can only use up to $7,000 of the credit for enterprise transformation.

There is no need to apply for SFEC. Your credit will be automatically used on supportable programmes that you have applied for. Employers will have to meet the eligibility criteria of the individual SFEC-supportable programmes before they can draw down the credit. Employers newly qualified in 2021 may use their SFEC for supportable programmes applied from 1 Apr 2022. Employers who were previously qualified can continue to use their SFEC for supportable programmes submitted on or after 1 Apr 2020.

The Skills Development Levy (SDL) requirement will be waived for the qualifying period of 1 Jan to 31 Dec 2021 to benefit more small and micro businesses to utilise the SkillsFuture Enterprise Credit.

The deadline to claim this credit has been extended to 30 Jun 2024.

SkillsFuture Leadership Development Initiative (SkillsFuture LDI) (Micro, SME, MNC)
SkillsFuture Singapore (SSG)
Businesses can leverage on SkillsFuture LDI to develop and/or enhance their in-house leadership development programmes (for example overseas assignments and cross-functional rotations) to expand their pipeline of Singaporean talent.

IMDA Licensing (Micro, SME, MNC)
Infocomm Media Development Authority (IMDA)
In regulating the infocomm and media sectors, IMDA administers various licenses, creating a level playing field for the various industry players and licensees.

IMDA Regulations (Micro, SME, MNC)
Infocomm Media Development Authority (IMDA)
IMDA has put in place a number of guidelines, acts and code of practices, which bring clarity to the industry as well as provide more informed choices for consumers.

Digital Industry Singapore (DISG) (Micro, SME, MNC)
Infocomm Media Development Authority (IMDA)
A joint office of the Economic Development Board (EDB), Enterprise Singapore (ESG) and Info-communications Media Development Authority (IMDA). DISG will build up both the consumer technology and enterprise technology segments of the ecosystem.

SGTech STAR Fund 2.0 (SME)
SGTech
The STAR Fund 2.0 will primarily support the business growth of SGTech members who are tech SMEs, to:

  • Acquire new SME customers and drive tech adoption.
  • Provide support for companies to train and reskill their workforce by harnessing new digital capabilities or deepening current skills

The STAR Fund 2.0 will provide cash support for the following requests:
a) S$2,000 per tech solution
b) S$500 per training per pax

The STAR Fund 2.0 accepts applications from 1 Apr 2022. The last payout for eligible applications would be on 31 Mar 2024, or upon the complete drawdown of the Fund, whichever is earlier.

Small Business Recovery Grant (SBRG) (SME)
Inland Revenue Authority of Singapore (IRAS)
To provide one-off cash support to small businesses in sectors most affected by COVID-19 Safe Management Measures
Eligible firms will receive $1,000 for each local employee with mandatory CPF contributions in the period from 1 Nov 2021 to 31 Dec 2021, up to a cap of $10,000 per firm.

Sole proprietorships and partnerships that are run by at least 1 local business owner but do not hire any local employees will receive a flat payout of $1,000, if the local business owner is earning a net trade income of no more than $100,000 filed with IRAS in the Year of Assessment 2021 by 31 Dec 2021.

SBRG payouts will be made to eligible businesses in June and November 2022.

The Small Business Recovery Grant is targeted at small businesses in sectors that were most affected by COVID-19 Safe Management Measures. If you have assessed that your firm or you, as an individual, fulfil the eligibility criteria of the SBRG but have not been included in the payout, you may submit an appeal from 1 Jul – 31 Aug 2022. Appeals submitted after 31 Aug 2022 will not be considered.

Healthier Ingredient Promotion Scheme (HIPS) (Micro, SME, MNC)
Inland Revenue Authority of Singapore (IRAS)
To encourage food manufacturers to innovate and market a wider variety of healthier ingredients and products suited to local tastes, as well as supports the industry in promoting the uptake of healthier ingredients in Singapore’s food service.

Three supportable categories under HIPS, namely:
(1) Marketing and Publicity and (2) Trade Promotion: Fund up to 80% of total qualifying project investment, and scheme participants will co-pay 20% of the remaining project cost.
(3) Ingredient Thematic Promotion: Fund up to 100%.

There will be an overall cap of $300,000 across the first two supportable categories. Scheme participants have the flexibility to utilise the $300,000 across the first 2 supportable categories for 1 year. Scheme participants need not apply for all supportable categories.

Capability Transfer Programme (Micro, SME, MNC)
Workforce Singapore (WSG)
Provides funding support for businesses to:

  • Bring foreign specialists into Singapore to train their local employees in new capabilities on a time-limited basis.
  • Send local trainees for overseas training attachments to acquire new capabilities.
  • Support local specialists (who were previously trained by foreign specialists or trained overseas) conducting capability transfer training for locals.

Career Trial (Micro, SME, MNC)
Workforce Singapore (WSG)
Allows employers and jobseekers to assess job fit through a short-term trial. Employers receive salary support if they offer employment paying at least $1,500 (for full-time position) or $750 (for part-time position) at the end of the trial.

Enterprise Portal for Jobs & Skills (Micro, SME, MNC)
Workforce Singapore (WSG)
Businesses can explore information and resources on relevant jobs and skills initiatives under SkillsFuture Singapore and Workforce Singapore via this one-stop portal to support their training and human capital development needs.

Career Conversion Programme (CCP) (Micro, SME, MNC)
Workforce Singapore (WSG)
Receive course fee funding and/or salary support for employers to hire and reskill local jobseekers. Enhanced wage support levels for mature jobseekers at up to 90% under Place-and-Train programmes.

Types of CCPs:

  • Place-and-Train (PnT): Mid-career individual is hired by a participating employer before undergoing training to take on new job role
  • Attach-and-Train (AnT): Mid-career individual is provided with training and work attachments, prior to job placement, through industry partners in growth sectors with good future job opportunities
  • Redeployment/Job Redesign (JR) Reskilling: Targeted at companies that are undergoing business transformation, and where their existing workers are at risk of redundancy or in vulnerable jobs due to the transformation. These workers will be provided with training to take on new job roles or redesigned job roles within the same company.

Funding Rates for Place-and-Train CCPs / Redeployment / JR-Reskilling CCPs:

  • The standard rate (SCs/PRs below age of 40) of salary support and course fee subsidy is up to 70%.
  • Enhanced wage support levels and course fee subsidy for mature jobseekers or long term unemployed Singapore jobseekers is up to 90%.

Funding Rates for Attach-and-Train CCPs:

  • The course fee subsidy for Attach-and-Train PCPs is up to 70% for the standard rate (SCs/PRs below age of 40) and up to 90% for the enhanced rate (SCs aged 40 and above).
  • WSG funds 50-70% of prevailing salary for Attach-and-Train training duration, and the hosting employer co-funds at least an additional 10% of prevailing salary.

For individuals newly hired and put on Place-and-Train CCPs for the period between 1 Apr 2022 to 30 Sep 2022, the Salary Support funding will be disbursed to participating employers over a longer period, comprising the CCP training duration and an additional period of retention equivalent to the training duration.
These adjustments to Salary Support disbursements will not affect the following groups of CCP participants.
a. Local workers who were hired on Place-and-Train CCPs before Sep 2020 or after Sep 2022, which is outside the qualifying period for JGI
b. Participants under Redeployment and JR Reskilling CCPs who are existing employees
c. Attach-and-Train (“AnT”) CCP participants who do not have an employer-employee relationship with the host organisations

SGUnited Mid-Career Pathways Programme for Host Organisations (Micro, SME, MNC)
Workforce Singapore (WSG)
The SGUnited Mid-Career Pathways Programme was introduced to support mid-career individuals to widen their professional networks and gain new, in-demand skills while preparing for more permanent jobs in the future. The Government will fund 70% of the training allowance, while the host organisation funds the remaining 20% for the programme duration. The monthly training allowance provided may vary depending on the scope of the attachment.

SGUnited Mid-Career Pathways Programme – Company Attachment (SGUP-CA) will be made a permanent programme to continue supporting mid-career jobseekers with the following adjustments to encourage take-up with a training allowance of $1,800/month to $3,800/month for the duration of attachment.

SkillsFuture Career Transition Programme (SCTP) (Micro, SME, MNC)
Workforce Singapore (WSG)
The SCTP is a Train-and-Place scheme. It will commence from 1 Apr 2022 and will replace the SGUnited Skills (SGUS) and SGUnited Mid-Career Pathways – Company Training (SGUP-CT) programmes, which will both expire on 31 Mar 2022.

Key features of the SCTP include:

  • Industry-oriented courses (3-12 months in duration) delivered by Continuing Education and Training (CET) Centres and programme partners, to help individuals secure employment in sectors with good hiring opportunities. These courses will contain elements of actual industry experience (e.g. work attachments or industry projects).
  • Enhanced pre- and post-training support services, such as skills and training advisory to help individuals select suitable courses, employment facilitation and career coaching activities.
  • Baseline subsidy of up to 70% of course fees.
  • Enhanced funding subsidy of up to 90% of course fees for Singapore Citizens aged 40 years old and above under SkillsFuture Mid-Career Enhanced Subsidy
  • Additional course fee support of up to 95% of total course fees for Singapore Citizens who meet the following criteria:
    • ComCare Short-to-Medium-Term Assistance (SMTA) recipients;
    • Workfare Income Supplement (WIS) recipients;
    • Long Term Unemployed (LTU); or
    • Persons with Disabilities who are registered with SGEnable

Job Redesign (Micro, SME, MNC)
Workforce Singapore (WSG)
To support companies in redesigning job roles to drive business transformation, various sector-specific initiatives and tool-kits are available. Co-developed with industry and government partners, these initiatives and toolkits will help guide companies to undertake a systematic approach towards job redesign, and tap on ready-to-go and industry-relevant solutions.

Lean Enterprise Development Scheme (Micro, SME, MNC)
Ministry of Manpower (MOM)
Provides grants and transitional foreign manpower support to businesses undertaking transformation projects to become more manpower-lean, build a stronger Singaporean core and develop a better quality workforce.

Senior Worker Early Adopter Grant (Micro, SME, MNC)
Workforce Singapore (WSG)
Supports businesses in raising their company-level retirement and reemployment age above the minimum statutory requirements.

  • From 16 Feb 2021, the grant will be streamlined to a single tier to benefit companies who increase their internal retirement and reemployment ages by three years or more. Companies will also be required to adopt the Tripartite Standard on Age-Friendly Workplace Practices to qualify for the grant.
  • You can get $2,500 per eligible senior worker (age 60 and above), if you raise your internal retirement and re-employment ages by 3 or more years above prevailing statutory ages.
  • For applications on 5 Jul 2021 or later, businesses will have to raise internal Retirement Age and Re-Employment Age by 3 years from 63 and 68 respectively, which was previously 62 and 67 before 5 Jul 2021. This would take effect on 1 Jul 2022.

Part-Time Re-employment Grant (Micro, SME, MNC)
Workforce Singapore (WSG)
Receive up to $125,000 for businesses that provide part-time re-employment opportunities to all eligible senior workers who request for it.

  • From 16 Feb 2021, companies will be required to adopt the Tripartite Standard on Age-Friendly Workplace Practices to qualify for the grant.
  • If eligible, the company can get $2,500 per senior worker (age 60 and above).

The total eligible funding is capped at 50 senior workers per company.

Senior Employment Credit
Ministry of Manpower (MOM)
Provides wage offsets to employers hiring Singaporean workers aged 55 and above, and earning up to $4,000/month. The wage offsets will be effective from 1 Jan 2021 to 31 Dec 2022. Employers will get up to 8% of the wages paid to Singaporean workers aged 55 and above, depending on the workers’ age and wage.

CPF Transition Offset
Ministry of Manpower (MOM)
To alleviate the rise in business costs due to the increase of CPF contribution rates in 2022, the Government will provide employers with a 1-year offset of 0.25% to 0.5% of wages (equivalent to 50% of the increase in employer CPF contribution rates in 2022) for every Singaporean and Permanent Resident worker they employ who are aged above 55 to 70. The offset to employers will be based on employees’ monthly incomes paid up to the CPF salary ceiling of $6,000/month.

National Centre of Excellence for Workplace Learning (NACE) (Micro, SME)
SkillsFuture Singapore (SSG)
Businesses can tap on this to build their in-house training system and workplace learning capabilities, as well as certify workplace trainers using best-in-class training practices through customised solutions.

SkillsFuture Enterprise Credit (SFEC) (SME)
SkillsFuture Singapore (SSG)
Additional support for employers investing in workforce and enterprise transformation. Eligible employers will receive a one-off $10,000 credit per firm to cover up to 90% out-of-pocket expenses for workforce and/or enterprise transformation. To encourage employers to embark on both enterprise and workforce transformation programmes in tandem, $3,000 of the credit can be used for workforce transformation programmes only. Hence, employers can only use up to $7,000 of the credit for enterprise transformation.

There is no need to apply for SFEC. Your credit will be automatically used on supportable programmes that you have applied for. Employers will have to meet the eligibility criteria of the individual SFEC-supportable programmes before they can draw down the credit. Employers newly qualified in 2021 may use their SFEC for supportable programmes applied from 1 Apr 2022. Employers who were previously qualified can continue to use their SFEC for supportable programmes submitted on or after 1 Apr 2020.

The Skills Development Levy (SDL) requirement will be waived for the qualifying period of 1 Jan to 31 Dec 2021 to benefit more small and micro businesses to utilise the SFEC.

The deadline to claim this credit has been extended to 30 Jun 2024.

Skills Framework (Micro, SME, MNC)
SkillsFuture Singapore (SSG)
Businesses can use the Skills Framework to design their human resource strategy and talent development plans. Each framework provides key information on the sector, career pathways, job roles, existing and emerging skills required, and suggested training programmes.

SkillsFuture Series (Micro, SME, MNC)
SkillsFuture Singapore (SSG)
Businesses can use these short, industry relevant programmes to train employees in emerging and priority areas, namely data analytics, finance, tech-enabled services, digital media, cybersecurity, entrepreneurship, advanced manufacturing, and urban solutions.

SkillsFuture Work-Study Programmes (SF-WSP) (Micro, SME, MNC)
SkillsFuture Singapore (SSG)

  • Businesses can groom and hire fresh talent through WSP from the Certificate to Post-Graduate levels. Businesses will jointly design and deliver with Institutes of Higher Learning (IHLs) and appointed private providers.
  • Participating companies on Place and-Train Work-Study Programmes will receive time-limited COVID-19 wage support for up to 12 months for new trainees hired from 1 Sep 2020 to 31 Mar 2022, pegged at 45% gross monthly wages (inclusive of Jobs Support Scheme (JSS)) and existing trainees who were part of the WSP as of 1 Sep 2020, pegged at 70% of gross monthly wages (inclusive of JSS).

SkillsFuture Queen Bee (SFQB) (SME)
SkillsFuture Singapore (SSG)
Businesses can build industry relevant skills by participating in projects and training programmes curated by the SFQB companies. Participating SMEs can also access a skills support ecosystem through advisory from the SFQBs to diagnose and identify their skills needs.

SkillsFuture JumpStart! Workshop (SME)
SkillsFuture Singapore (SSG)
Businesses can learn about the available jobs and skills resources and grants through this specially curated workshop.

Open Door Programme (ODP) (Micro, SME, MNC)
SG Enable
Supports employers to hire, train, and integrate persons with disabilities into the workforce through recruitment, job support services, training grant as well as a Job Redesign Grant which covers up to 90% of costs incurred, capped at $20,000 per person with disability.

Up to 90% of course fee subsidy for co-workers that take up SG Enable’s list of curated training courses.

Employment Support for Ex-Offenders (Micro, SME, MNC)
Workforce Singapore (WSG)
The employment support programme for ex-offenders provides employers with an alternative pool of trained and skilled workers.

Productivity Solutions Grant (PSG) (Micro, SME)
Enterprise Singapore (ESG)

  • Businesses can access a wide range of pre-scoped solutions, including IT solutions, equipment, and consultancy services (e.g. job redesign). Businesses will be able to achieve productivity gains and offer more enriching jobs with better wages for workers.
  • From 1 Apr 2022, the maximum level of funding will be up to 70%.
  • For eligible pre-scoped solutions, enhanced support level of up to 80% will be extended from 1 Apr 2022 to 31 Mar 2023 for Food Services and Retail sectors.

Tech @ SG Programme (Micro, SME, MNC)
Economic Development Board (EDB)
Aims to help fast-growing companies access the critical talent they need to grow and scale their business in Singapore and the region.

TechSkills Accelerator (TeSA) (Micro, SME, MNC)
Infocomm Media Development Authority (IMDA)
Supports both current information and communications technology (ICT) professionals and non-ICT professionals to upgrade and acquire new skills and domain knowledge that are in demand, and to stay competitive and meet the challenges of a fast-moving digital landscape. TeSA’s Company-Led Training Programme will be enhanced to provide more support for businesses looking to hire and train mature PMETs aged 40 and above.

As an employer, you will:

  • Receive funding support from IMDA, WSG or SSG to implement the respective training programme.
  • Be able to employ ICT professionals who undergo/have undergone training and be equipped with the relevant skills and aptitude to meet the needs of your company.
  • Be able to upskill and deepen the skills of existing employees who are mid-level ICT professionals.

SGTech STAR Fund 2.0 (SME)
SGTech
The STAR Fund 2.0 will primarily support the business growth of SGTech members who are tech SMEs, to:

  • Acquire new SME customers and drive tech adoption.
  • Provide support for companies to train and reskill their workforce by harnessing new digital capabilities or deepening current skills

The STAR Fund 2.0 will provide cash support for the following requests:
a) S$2,000 per tech solution
b) S$500 per training per pax

The STAR Fund 2.0 accepts applications from 1 Apr 2022. The last payout for eligible applications would be on 31 Mar 2024, or upon the complete drawdown of the Fund, whichever is earlier.

TechTalent.SG (Micro, SME, MNC)
SGTech
A web search portal which serves as a community of tech talents and hirers.

Jobs Growth Incentive (JGI) (Micro, SME, MNC)
Inland Revenue Authority of Singapore (IRAS)
Supports employers who hire local jobseekers, whereby there is an increase in overall local workforce size and increase in local workforce earning more than or equals to $1,400/month, compared to their local workforce in the baseline month. For new hires made between October 2021 and September 2022 (inclusive), the baseline month is September 2021.

  • The support is 15% on the first $5,000 of gross monthly wages paid to all new local hires for up to 6 months.
  • For mature local hires aged 40 and above, all persons with disabilities, and ex-offenders, the support is 50% on the first $6,000 of gross monthly wages for wages from October 2021 to March 2022 for 12 months.

As announced at Budget 2022, the JGI will be extended by 6 months to September 2022, with stepped-down rates reflecting the improved labour market conditions. This extension will only cover mature workers aged 40 and above who have not been employed for 6 months or more, persons with disabilities, and ex-offenders. In the JGI qualifying window from April to September 2022, employers of these groups of new hires may receive up to 40% salary support for the first 6 months, and up to 20% for the next 6 months.

The Jobs Growth Incentive (JGI) supports employers to expand local hiring from September 2020 to March 2023 (inclusive).

Enabling Employment Credit (EEC) (Micro, SME, MNC)
Inland Revenue Authority of Singapore (IRAS)
Provides wage offsets to employers of Singaporean persons with disabilities aged 13 and above and earning below $4,000/month. They receive a wage offset of up to 20%, capped at $400/month. In addition, employers hiring persons with disabilities who had not been working for the past 6 months prior to being hired will receive an additional wage offset of 10%, capped at $200/month, for the first 6 months of employment. The EEC will be available for 5 years from 2021 to 2025.

Support for Job Redesign under Productivity Solutions Grant (PSG-JR) (Micro, SME)
Singapore National Employers Federation (SNEF)
Provides enterprises with funding support to work with pre-approved job redesign consultants to redesign work processes, tasks, duties, and responsibilities to support business transformation needs.

PSG-JR funding of up to 70% of consultancy cost, capped at $30,000 per enterprise. Funding is on a reimbursement basis upon completion of PSG-JR project.

A*STAR Collaborative Commerce Marketplace (ACCM) (SME, MNC)
Agency for Science, Technology and Research (A*STAR)
An online platform that enables businesses to network, form relationships, and foster collaborations among local companies and large multinational companies.

Operation & Technology Roadmap (OTR) (SME, MNC)
Agency for Science, Technology and Research (A*STAR)

  • Initiative that supports companies in mapping their current and emerging technology needs to support future growth. Companies that work with A*STAR to develop their OTR roadmaps are eligible for a grant from ESG that will cover up to 80% (for startups and SMEs) and 30% (for LLEs) of the qualifying cost incurred.
  • Consortium OTR (COTR) is also available to cater to the needs of a group of companies.

Singapore Institute of Food and Biotechnology Innovation (SIFBI) (Micro, SME, MNC)
Agency for Science, Technology and Research (A*STAR)

  • SIFBI undertakes R&D and innovation in food, to support Singapore’s “30 by 30” goal by boosting local production capabilities and tap opportunities from global demand for safer, healthier, and more sustainable food.
  • SIFBI brings together research capabilities across A*STAR covering biotransformation, fermentation, nutrition, food process engineering, agri-food technology, alternative protein, waste valorisation, and safety research under 1 roof.

Tech Access Initiative (Micro, SME)
Agency for Science, Technology and Research (A*STAR)
Businesses can access a comprehensive suite of A*STAR’s advanced manufacturing equipment and biotech/biomedical scientific services, under the guidance of technical experts.

Technology for Enterprise Capability Upgrading (T-Up) (SME, MNC)
Agency for Science, Technology and Research (A*STAR)
Businesses can get access to talent from A*STAR’s Research Institutes for up to 2 years to help build in-house R&D capabilities through projects defined and managed by companies. Up to 70% of secondment costs is covered by ESG.

Headstart Programme (SME)
Agency for Science, Technology and Research (A*STAR)
Improves SMEs’ access to intellectual property (IP) by providing royalty-free and exclusive licenses for up to 36 months, for IP co-developed with A*STAR.

Centres of Innovation (COIs) (Micro, SME)
Enterprise Singapore (ESG)
Supports businesses in the development and testing of new technology products, through provision of technical consultancy services, access to specialty equipment, and IP translation services.

Enterprise Development Grant (EDG) (Micro, SME, MNC)
Enterprise Singapore (ESG)

  • Businesses can tap on support for projects in 3 key areas – core capabilities, innovation and productivity, and internationalisation.
  • The Enterprise Development Grant (EDG) funds up to 70% of qualifying costs for SMEs, and up to 50% of qualifying costs for non-SMEs.
  • Enhanced support for the Food Services and Retail sectors to cover up to 80% of qualifying costs has been extended until 31 Mar 2023.

PACT Programme (SME, MNC)
Enterprise Singapore (ESG)
Collaborate with other businesses to build capabilities, innovate and pursue new business opportunities in local and overseas markets.

PACT has been enhanced to increase support rates for qualifying costs and has expanded the scope of support to include Singapore companies with manufacturing activities carried out overseas. These enhancements will now be extended to 31 Mar 2023.

The current support levels for PACT are as follows:
i. The support rate for non-SMEs for software, materials, professional services, hardware and equipment costs is up to 50%.
ii. The support rate for non-SMEs for manpower costs such as training and salary is up to 70%.
iii. The support level for SMEs in software, materials professional services and manpower costs remains at up to 70% of the qualifying costs while support rate in hardware and equipment costs remains at 50% of the qualifying costs.

The scope of the scheme covers qualification costs incurred by local suppliers when carrying out manufacturing activities overseas.

Open Innovation Network (Micro, SME, MNC)
Enterprise Singapore (ESG)
Gateway to open innovation challenges, news and resources for businesses to learn more about open innovation, find new opportunities to develop new products with market-fit, and address their business needs.

Digital Services Lab (Micro, SME, MNC)
Infocomm Media Development Authority (IMDA)
Businesses partner with IMDA, tech providers and research institutions to co-develop digital solutions to address sector-wide challenges.

Open Innovation Platform (SME, MNC)
Infocomm Media Development Authority (IMDA)
Provides a structured process to support businesses and Trade Associations & Chambers in identifying possible areas of digital innovation and matching them with solution providers. Platform has been enhanced with new features to enable better matching, testing and development.

Research Incentive Scheme for Companies (RISC) (SME, MNC)
Economic Development Board (EDB)

  • Encourages the development of research and development capabilities and technologies through the support of projects in the areas of science and technology.
  • A company awarded with a RISC grant is eligible for co-funding support of up to 30% of qualifying R&D project costs such as manpower, training, consultancy, equipment, software, intellectual property and materials costs. Local manpower may be accorded support of up to 50%.

Corporate Venture Launchpad 2.0 (MNC)
Economic Development Board (EDB)
The Corporate Venture Launchpad 2.0 (“CVL 2.0”) is an expanded S$20 million programme designed to enable companies to launch a new venture from Singapore. Participating companies will partner with EDB-appointed venture studios that have best-in-class expertise, proven track records and diverse venture-building offerings. It provides 50% co-funding (capped at $500,000) of each concept validation sprint for corporates to build new ventures through pre-qualified venture studios. 30% co-funding to companies for select high potential new venture on qualifying costs (up to S$500,000) of each pre-seed build.

IPI Singapore (Micro, SME, MNC)
Innovation Partner for Impact (IPI)
Online marketplace and consultancy for businesses to connect with providers of suitable technology IP and demand-led innovation opportunities for business needs.

Innovation Advisors Programme (Micro, SME, MNC)
Innovation Partner for Impact (IPI)
Businesses can be guided by innovation mentors who will advise them in the development of innovation strategies, new products and solutions to address market needs, and connect businesses to technology and business partners.

National Innovation Challenges (NIC) (Micro, SME, MNC)
National Research Foundation (NRF)
Businesses can address national and industry-wide challenge statements, in partnership with sector leads like Trade Associations & Chambers (TACs), other enterprises, and Institutes of Higher Learning (IHLs)/Research Instituitions (RIs).

Design Thinking Business Transformation Programme (Micro, SME, MNC)
Workforce Singapore (WSG)
Access to workshops, consultancy sessions and gain from the trainers’ mentorship during their project implementation.

  • Up to 70% course fees funding for non-SME.
  • Up to 90% course fees funding for SME that are registered or incorporated in Singapore with at least 30% shareholding held by Singapore Citizens or Singapore Permanent Residents; and hiring not more than 200 employees (at group level) or with an annual sales turnover (at group level) of not more than S$100 million).

Productivity Innovation Project (Micro, SME, MNC)
Building and Construction Authority (BCA)
Government to co-fund up to 70% of the costs for technology adoption and innovations that improve productivity at construction sites. Scheme will be extended to 31 Mar 2024. The extension is intended to encourage enterprises to continue their productivity upgrading and digitalisation efforts.

100% Investment Allowance (SME)
Enterprise Singapore (ESG)

  • To continue supporting businesses, especially SMEs, to embark on largescale automation projects, the 100% Investment Allowance (IA) will be extended for another 2 years until 31 Mar 2023. Projects that receive the Enterprise Development Grant under the Productivity and Innovation thrust may be eligible for the 100% IA, subject to conditions.
  • The 100% IA will be provided on the amount of approved capital expenditure, net of any grants received for the same qualifying expenditure.
  • The support level for SMEs will be up to 70% for SMEs, and up to 50% for non-SMEs.
  • Allowance on the qualifying equipment costs net of grant is capped at S$10 million per project.

Productivity Solutions Grant (PSG) (Micro, SME)
Enterprise Singapore (ESG)

  • Businesses can access a wide range of pre-scoped solutions, including IT solutions, equipment, and consultancy services (e.g. job re-design). Businesses will be able to achieve productivity gains and offer more enriching jobs with better wages for workers.
  • From 1 Apr 2022, the maximum level of funding will be up to 70%.
  • For eligible pre-scoped solutions, enhanced support level of up to 80% will be extended from 1 Apr 2022 to 31 Mar 2023 for Food Services and Retail sectors.

SMEs Go Digital (Micro, SME)
Infocomm Media Development Authority (IMDA)
Businesses can tap on support available under SMEs Go Digital, a whole-of-government programme that helps businesses develop digital capabilities.

Start Digital (under SMEs Go Digital) (Micro, SME)
Infocomm Media Development Authority (IMDA)

  • Businesses can take up a Start Digital Pack that provides simple Accounting, HR Management System & Payroll, Digital Marketing, Digital Transactions and Cybersecurity solutions. Businesses can get a waiver of 6 months subscription fee for any 2 solutions with a minimum 18-months contract agreement.
  • Enhanced Start Digital solutions include digital collaboration tools that enable remote working, digital marketing through social media, as well as integrated digital utilities like e-invoicing and e-payment.

Industry Digital Plans (under SMEs Go Digital) (IDP) (Micro, SME, MNC)
Infocomm Media Development Authority (IMDA)
Businesses can use IDPs as a step-by-step guide on sector-specific digital solutions to adopt at each stage of business growth. IDPs for more sectors are progressively being developed. Businesses can adopt a wide range of pre-approved SME-friendly generic or sector-specific digital solutions, which include artificial intelligence, cybersecurity and cloud solutions, with funding support from the Productivity Solutions Grant (PSG).

Grow Digital (under SMEs Go Digital) (Micro, SME)
Infocomm Media Development Authority (IMDA)
Businesses can get a headstart in going global. Get support to leverage digital platforms and channels for access to a larger pool of consumers overseas, and to test new markets. Businesses will also receive training and support to enhance their e-commerce capabilities.

Eligible SMEs can receive up to 70% funding to participate in the platforms under Grow Digital. Adoption of these platforms does not count toward Productivity Solutions Grant funding utilisation, which is capped at a maximum of $30,000 per SME per year.

Scheme expanded to include more preapproved digital platforms starting 1 Apr 2022, so that more SMEs can build capabilities to reach new markets more effectively, e.g. through AI-powered business matching, cross-border e-payment facilities.

SME Digital Tech Hub (under SMEs Go Digital) (Micro, SME)
Infocomm Media Development Authority (IMDA)
Dedicated hub that provides specialist digital technology advisory to SMEs with more advanced digital needs, such as data analytics and cybersecurity.

Advanced Digital Solutions (under SMEs Go Digital) (Micro, SME)
Infocomm Media Development Authority (IMDA)
From 1 Apr 2022, businesses can access up to 80% funding support to adopt advanced digital solutions leveraging artificial intelligence and cloud technologies. These solutions will help businesses deepen their digital capabilities to strengthen business continuity measures and build resilience.

Chief Technology Officer-as-a-Service (CTOaaS) (under SMEs Go Digital) (Micro, SME)
Infocomm Media Development Authority (IMDA)
Supports SMEs to uncover their digitalisation needs and transform their business operations through professional IT consultancies offering end-to-end digital advice, from digital consultancy tailored to business needs, to downstream project implementation.

First-time usage of the digital advisory and project management services is available at no cost to eligible enterprises. Subsequent usage or enhancement of services will be based on commercial agreements, should the enterprises want to continue to engage the digital consultants.

GoCloud (Micro, SME)
Infocomm Media Development Authority (IMDA)
Supports local ICT SMEs to transform traditional software architecture and development practices to applications deployed and delivered as Cloud Native applications using Microservices and DevOps, so that they can be more agile, flexible and scalable.

To support ICT SMEs to stay competitive and continue to respond quickly to changing market and customer needs through Cloud Native development, IMDA is increasing the support level of GoCloud to up to 80% of service fees charged by the appointed service providers, capped at $24,000, with effect from 1 Jun 2020.

Accreditation@SGD (Micro, SME)
Infocomm Media Development Authority (IMDA)
Accredit promising and innovative Singapore-based high-growth ICM product companies to establish credentials and position them as qualified contenders to government and large enterprise buyers; provide potential end users with the assurance of the accredited companies’ product core functionalities and ability to deliver; build an innovative technopreneur ecosystem to drive economic growth, inspire the younger generation, and build more innovative products and tech product companies that can scale overseas.

Digital Leaders Programme (SME, MNC)
Infocomm Media Development Authority (IMDA)
Enables promising, high-potential local companies to become digital leaders by equipping them with digital capabilities and talent to transform their business models and capture new growth opportunities.

Emerging Technology Programme (Micro, SME)
Infocomm Media Development Authority (IMDA)
Focusing on supporting three key emerging technology domains – Artifical Intelligence, Communications and Connectivity, and Trust Tech.

Hawkers Go Digital (Micro)
Infocomm Media Development Authority (IMDA)
Upon successful sign up for the programme, stallholders will be eligible for the full subsidy from the government for transaction fees (i.e. merchant discount rate payable by merchants) until 31 Dec 2023.

Artificial Intelligence and Data Analytics (AIDA) Grant (Micro, SME, MNC)
Monetary Authority of Singapore (MAS)

  • Provides up to 50% co-funding of qualifying expenses to promotes AIDA adoption and strengthen the ecosystem.
  • Specifically catered for projects that are focused on AIDA adoption with the objectives to improve decision making and/or generate better insights unlike other MAS grants for Financial Institutions.
  • The Financial Sector Technology and Innovation (FSTI) scheme is valid until Mar 2023.

Global Trader Programme (GTP) (SME, MNC)
Enterprise Singapore (ESG)

  • Provides a reduced corporate tax rate of 5% or 10% on qualifying trading income for 3 or 5 years.
  • Qualifying trading income includes income from physical trading, brokering of physical trades, derivative trading income, and income from structured commodity financing activities, treasury activities and advisory services in relation to mergers and acquisitions.

Small Business Recovery Grant (SBRG) (SME)
Inland Revenue Authority of Singapore (IRAS)
To provide one-off cash support to small businesses in sectors most affected by COVID-19 Safe Management Measures.

Eligible firms will receive S$1,000 for each local employee with mandatory CPF contributions in the period from 1 Nov 2021 to 31 Dec 2021, up to a cap of S$10,000 per firm.

Sole proprietorships and partnerships that are run by at least 1 local business owner but do not hire any local employees will receive a flat payout of S$1,000, if the local business owner is earning a net trade income of no more than S$100,000 filed with IRAS in the Year of Assessment 2021 by 31 Dec 2021.

SBRG payouts will be made to eligible businesses in June and Nov 2022.

The Small Business Recovery Grant is targeted at small businesses in sectors that were most affected by COVID-19 Safe Management Measures. If you have assessed that your firm or you, as an individual, fulfil the eligibility criteria of the SBRG but have not been included in the payout, you may submit an appeal from 1 Jul – 31 Aug 2022. Appeals submitted after 31 Aug 2022 will not be considered.

3R Fund (SME, MNC)
National Environment Agency (NEA)

  • Supports organisations/companies to reduce waste disposed of at NEA’s incineration plants and disposal facilities through the implementation of waste minimisation and recycling projects.
  • Projects that result in an increase in the quantity of solid waste (this excludes toxic and chemical wastes) recycled or a reduction in the quantity of solid waste generated are eligible. The minimum tonnage eligibility is 100 tonnes reduced, reused or recycled over the whole project duration.
  • Grant support of up to 80% of qualifying costs, subject to a cap of $1 million per project or per applicant.

Energy Efficiency Fund (E2F) (SME)
National Environment Agency (NEA)

The Energy Efficiency Fund (E2F) is an umbrella scheme consisting of 5 different grants to support businesses with industrial facilities to improve energy efficiency (EE). Grant support for energy assessment, resource efficient design, and energy management information system is up to 50%. Grant support for energy efficient technologies is up to 70%.

Resource Efficiency Grant for Energy (REG(E)) (MNC)
Economic Development Board (EDB)

  • Supports manufacturing companies and data centres to implement projects that improve energy efficiency or reduce non CO2 greenhouse gas consumption.
  • Grant support corresponds to the amount of carbon abatement, up to 50% of qualifying costs.
  • The grant scheme will be open till end FY2023. All aplications must receive Final Approval from EDB by 31 Mar 2024.

Investment Allowance for Emissions Reduction (IA-ER) (SME, MNC)
Economic Development Board (EDB)

  • Supports manufacturing companies and data centres on projects which result in a measurable and verifiable improvement in energy efficiency (EE) or reduction in greenhouse gas (GHG) emissions.
  • The IA-ER is an enhancement of the former Investment Allowance (Energy Efficiency) (IA(EE)). The project eligibility criteria will be expanded to cover reduction in GHG emissions, in addition to improvements in energy efficiency.
  • The revised conditions will apply to projects approved by EDB from 1 Apr 2021 to 31 Dec 2026.
  • Scheme will be extended to 31 Dec 2026.

Enterprise Sustainability Programme (ESP) (SME)
Enterprise Singapore (ESG)

  • Supports local enterprises to develop capabilities in sustainability, and seize opportunities in sustainability.
  • This includes supporting local enterprises to adopt sustainability practices; enhance their resource efficiency; and develop products and services to capture new business opportunities in sustainability.

Key components of ESP:

  • Develop sustainability capabilities in enterprises: Training courses, support for sustainability capability and development projects.
  • Strengthen sector-specific capabilities: Partnerships with Trade Associations & Chambers (TACs) to develop sustainability initiatives that address sector-specific sustainability needs and partnership with industry players and stakeholders to provide sustainability-related services to local enterprises.

Grant for Low-GWP Refrigerant Chillers (LoGR) (Micro, SME, MNC)
Building and Construction Authority (BCA)
To encourage owners and operators of existing buildings to adopt water-cooled chillers using refrigerants with low-global warming potential (GWP) early, before the ban on sales of water-cooled chillers using high-GWP hydrofluorocarbons (HFC) refrigerants takes effect in 2022. The grant will support part of the cost incurred for building owners and operators to switch to climate-friendly low-GWP refrigerant water-cooled chillers.

The Progressive Wage Model (PWM) (Micro, SME, MNC)
Ministry of Manpower (MOM)

  • Helps to increase wages of workers through upgrading skills and improving productivity. It is implemented via government levers in the cleaning, security and landscape sectors.
  • Progressive Wage Mark will recognise firms that pay progressive wages and allow consumers and corporate buyers to identify and support these companies. Public service will procure goods and services only from firms that have the mark.
  • New Sectoral PWs will be expanded to:
    • Retail from 1 Sep 2022
    • Food services from 1 Mar 2023
    • Waste management from 1 Jul 2023
  • From 1 Sep 2022, existing Cleaning, Security, and Landscape PWM will be extended to in-house workers.
  • From 1 Mar 2023, new occupational progressive wages will be introduced to Administrators and Drivers.
  • Firms employing foreign workers have to pay at least the Local Qualifying Salary to all local workers from 1 Sep 2022.

Market Expansion Overseas

Enterprise Development Grant (EDG) (Micro, SME, MNC)
Enterprise Singapore (ESG)

  • Businesses can tap on support for projects in 3 key areas – core capabilities, innovation and productivity, and internationalisation.
  • The Enterprise Development Grant (EDG) funds up to 70% of qualifying costs for SMEs, and up to 50% of qualifying costs for non-SMEs.
  • Enhanced support for the Food Services and Retail sectors to cover up to 80% of qualifying costs has been extended until 31 Mar 2023.

PACT Programme (SME, MNC)
Enterprise Singapore (ESG)
Collaborate with other businesses to build capabilities, innovate and pursue new business opportunities in local and overseas markets.

PACT has been enhanced to increase support rates for qualifying costs and has expanded the scope of support to include Singapore companies with manufacturing activities carried out overseas. These enhancements will now be extended to 31 Mar 2023.

The current support levels for PACT are as follows:
i. The support rate for non-SMEs for software, materials, professional services, hardware and equipment costs is up to 50%.
ii. The support rate for non-SMEs for manpower costs such as training and salary is up to 70%.
iii. The support level for SMEs in software, materials professional services and manpower costs remains at up to 70% of the qualifying costs while support rate in hardware and equipment costs remains at 50% of the qualifying costs.

The scope of the scheme covers qualification costs incurred by local suppliers when carrying out manufacturing activities overseas.

Global Innovation Alliance (GIA) (Micro, SME, MNC)
Enterprise Singapore (ESG)
Businesses can gain access to overseas partners for co-innovation and market expansion. Under GIA phase 2, government will scale up the network of overseas partners and expand the scope of GIA to include ESG’s co-innovation programmes (CIPs). CIPs are cross-border platforms that connect Singapore-based enterprises with overseas partners.

The Global Innovation Alliance continues to grow. The GIA is currently running in 15 cities worldwide, and will expand to more than 25 cities over the next 5 years.

Global Ready Talent Programme (GRT) (SME, MNC)
Enterprise Singapore (ESG)

  • Supports Singapore businesses to train and deepen in-market knowledge of their Singaporean employees, and supports students of local Institutes of Higher Learning (IHLs) to go on internships.
  • GRT Programme has been enhanced to encourage more students to go abroad for overseas internships and attachments, deepening the talent pool for businesses.

Market Readiness Assistance (MRA) Grant (SME)
Enterprise Singapore (ESG)

  • Businesses can tap on the MRA for in-depth Free Trade Agreement (FTA) consultancy and support for overseas business development.
  • Under MRA, businesses may also apply for a premium subsidy when taking up trade credit insurance to protect themselves against buyer default.
  • Up to 70% of eligible costs, capped at S$100,000 per company per new market* from 1 Apr 2020 to 31 Mar 2023 that covers:
    • Overseas market promotion (capped at S$20,000)
    • Overseas business development (capped at S$50,000)
    • Overseas market set-up (capped at S$30,000)

Internationalisation Finance Scheme for Non-Recourse (IFS-NR) (Micro, SME, MNC)
Enterprise Singapore (ESG)
Mid-sized Singapore-based companies with main business functions in Singapore and annual sales revenue (including subsidiaries) of less than $500 million can tap on up to $50 million financing fund for local and overseas development projects.

International Co-Innovation Programmes (Micro, SME, MNC)
Enterprise Singapore (ESG)

  • Singapore’s international co-innovation programmes will assist in your company’s growth and internationalisation, by supporting projects that catalyse cross-border collaboration on technology development and co-innovation.
  • These programmes open up new opportunities for the exchange of ideas and knowledge across enterprises in different countries. By working with an international counterpart, your company can co-innovate solutions, test-bed them, and scale up into the region together.
  • As part of our expanding global network, we have set up partnerships with the Eureka Network, France, Israel, Shanghai, and Zhejiang.
  • Eligible companies could receive up to 70% support for qualifying cost items to collaborate with their foreign, in-market partners on innovation activities such as joint R&D projects to develop new products or solutions.

Free Trade Agreements (FTAs) (Micro, SME, MNC)
Enterprise Singapore (ESG)

Consists of 3 main areas:

(i) Trade in Goods – Reduction in import duties

(ii) Trade in Services – Singapore service suppliers enjoy preferential trade commitments from our FTA partners. – Serves as an “insurance policy” to deter a trading partner from changing their laws. – Helps service suppliers to seek recourse should a trading partner choose to contravene its FTA commitments.

(iii) Investment – Lowering of barriers to entry for Singapore’s investors by providing a predictable operating environment through agreed standards of protection for investors, and offering investors an avenue for recourse if FTA obligations are contravened.

Enterprise Singapore Overseas Centres (Micro, SME, MNC)
Enterprise Singapore (ESG)
Businesses can tap on the support of Enterprise Singapore’s in-market presence at over 35 international locations to generate new business leads, find business partners and acquire new technologies and capabilities.

LEAD Trade Fairs and Business Missions (LEAD IFM) (SME)
Enterprise Singapore (ESG)

  • Platform to reach out to global customers obtain feedback on products and services, and explore opportunities in overseas markets.
  • Receive support of up to 50% or 70% of eligible expenses, depending on the number of times company has participated in the event.
  • Eligible expenses include exhibition rental space, booth construction, publicity and fair or mission consultancy costs.

SkillsFuture Enterprise Credit (SFEC) (SME)
SkillsFuture Singapore (SSG)
Additional support for employers investing in workforce and enterprise transformation. Eligible employers will receive a one-off $10,000 credit per firm to cover up to 90% out-of-pocket expenses for workforce and/or enterprise transformation. To encourage employers to embark on both enterprise and workforce transformation programmes in tandem, $3,000 of the credit can be used for workforce transformation programmes only. Hence, employers can only use up to $7,000 of the credit for enterprise transformation.

There is no need to apply for SFEC. Your credit will be automatically used on supportable programmes that you have applied for. Employers will have to meet the eligibility criteria of the individual SFEC-supportable programmes before they can draw down the credit. Employers newly qualified in 2021 may use their SFEC for supportable programmes applied from 1 Apr 2022. Employers who were previously qualified can continue to use their SFEC for supportable programmes submitted on or after 1 Apr 2020.

The Skills Development Levy (SDL) requirement will be waived for the qualifying period of 1 Jan to 31 Dec 2021 to benefit more small and micro businesses to utilise the SkillsFuture Enterprise Credit.

The deadline to claim this credit has been extended to 30 Jun 2024.

SkillsFuture Leadership Development Initiative (SkillsFuture LDI) (Micro, SME, MNC)
SkillsFuture Singapore (SSG)
Businesses can leverage on SkillsFuture LDI to develop and/or enhance their in-house leadership development programmes (e.g. overseas assignments and cross-functional rotations) to expand their pipeline of Singaporean talent.

GlobalConnect@SBF (SME)
Singapore Business Federation (SBF)
Provides market advisory services and in-market business connections to Singapore businesses looking to expand or deepen their presence in key Southeast Asian and emerging markets.

Digital Industry Singapore (DISG) (Micro, SME, MNC)
Infocomm Media Development Authority (IMDA)
A joint office of the Economic Development Board (EDB), Enterprise Singapore (ESG) and IMDA. DISG will build up both the consumer technology and enterprise technology segments of the ecosystem.

Multichannel E-commerce Platform Programme (SME)
Infocomm Media Development Authority (IMDA)
Businesses looking to kick-start cross border online business can receive one-time support at 70% of eligible programme costs for a year.

Mutual Recognition Arrangements (MRAs) (Micro, SME, MNC)
Infocomm Media Development Authority (IMDA)
Provides company with the opportunity to speed up entry into overseas markets and reduce costs. Reduces barriers to trade by allowing goods and services to move freely across borders without the need for further testing, inspection or certification by the importing country.

Southeast Asia Manufacturing Alliance (SMA) (SME, MNC)
Economic Development Board (EDB)

  • The SMA is a tripartite programme between Economic Development Board (EDB), Enterprise Singapore (ESG) and private sector partners, to promote a network of industrial parks to manufacturers who are interested to invest in both Singapore and the region. The alliance will help businesses grow their manufacturing footprint in Southeast Asia and diversify their supply chains.
  • Eligible manufacturers may apply for a differentiated tier of benefits from the EDB, ESG and Strategic Partners:
    (i) Grant of up to S$1.5m for eligible R&D and innovation activities undertaken in SG.
    (ii) Partners companies on a one-to-one basis to provide customised services for supplier sourcing.
    (iii) Access to dedicated supplier matching resources for manufacturing or i4.0 related solutions.
    (iv) Differentiated prices on areas like lease logistics.
    (v) Complementary business services e.g. assistance with regulatory requirements, discounted adminstration and recruitment fees, and more.

A*STAR Partners’ Centre @ Suzhou Industrial Park (SIP) (A*PC) (Micro, SME, MNC)
Agency for Science, Technology and Research (A*STAR)

  • A*PC supports “regional-ready” Singapore enterprises as they embark on R&D and commercialisation in China via Suzhou Industrial Park (SIP), with the aim to capture opportunities in Jiangsu and the greater Yangtze River Delta (YRD) region.
  • A*PC’s partner companies can leverage A*STAR’s scientific expertise and capabilities to build R&D competencies and co-develop technologies with A*STAR in Singapore, focusing on areas such as biomedical sciences, nanotechnology, and advanced manufacturing, before productising these technologies for the China market. These companies can accelerate the pace of their R&D and innovation by tapping on A*PC’s facilities and laboratories.

Grow Digital (under SMEs Go Digital) (SME)
Infocomm Media Development Authority (IMDA)
Businesses can get a headstart in going global. Get support of up to leverage digital platforms and channels for access to a larger pool of consumers overseas, and to test new markets. Businesses will also receive training and support to enhance their e-commerce capabilities.

Eligible SMEs can receive up to 70% funding to participate in the platforms under Grow Digital. Adoption of these platforms does not count toward Productivity Solutions Grant funding utilisation, which is capped at a maximum of $30,000 per SME per year.

Scheme expanded to include more preapproved digital platforms starting 1 Apr 2022, so that more SMEs can build capabilities to reach new markets more effectively, e.g. through AI-powered business matching, cross-border e-payment facilities

SkillsFuture Enterprise Credit (SFEC) (SME)
SkillsFuture Singapore (SSG)
Additional support for employers investing in workforce and enterprise transformation. Eligible employers will receive a one-off $10,000 credit per firm to cover up to 90% out-of-pocket expenses for workforce and/or enterprise transformation. To encourage employers to embark on both enterprise and workforce transformation programmes in tandem, $3,000 of the credit can be used for workforce transformation programmes only. Hence, employers can only use up to $7,000 of the credit for enterprise transformation.

There is no need to apply for SFEC. Your credit will be automatically used on supportable programmes that you have applied for. Employers will have to meet the eligibility criteria of the individual SFEC-supportable programmes before they can draw down the credit. Employers newly qualified in 2021 may use their SFEC for supportable programmes applied from 1 Apr 2022. Employers who were previously qualified can continue to use their SFEC for supportable programmes submitted on or after 1 Apr 2020.

The Skills Development Levy (SDL) requirement will be waived for the qualifying period of 1 Jan to 31 Dec 2021 to benefit more small and micro businesses to utilise the SkillsFuture Enterprise Credit.

The deadline to claim this credit has been extended to 30 Jun 2024.

Capability Transfer Programme (Micro, SME, MNC)
Workforce Singapore (WSG)
Provides funding support for businesses to:
(i) Bring foreign specialists into Singapore to train their local employees in new capabilities on a time-limited basis
(ii) Send local trainees for overseas training attachments to acquire new capabilities
(iii) Support local specialists (who were previously trained by foreign specialists or trained overseas) conducting capability transfer training for locals.

Double Tax Deduction for Internationalisation (DTDi) (SME, MNC)
Enterprise Singapore (ESG)
Businesses are allowed a tax deduction of 200% on qualifying market expansion and investment development expenses, subject to approval from ESG or Singapore Tourism Board (STB).

  • No prior approval is required from Enterprise Singapore or STB for tax deduction on the first $150,000 of qualifying expenses incurred on automatic DTDi activities.
  • The following enhancements to the DTDi will take effect for qualifying expenses incurred on or after 17 Feb 2021:
    (i) Enhancement to scope of the DTDi to cover specified expenses incurred to participate in virtual trade fairs approved by Enterprise Singapore.
    (ii) Expansion of the list of qualifying expenses for overseas investment study trip to include logistics costs to transport materials/samples used during the investment trips.
    (iii) Inclusion of 5 additional qualifying activities under the automatic DTDi list, up to the current annual expense cap of $150,000.
    (iv) Qualifying salary expenses incurred between 1 Jul 2015 and 31 Dec 2025 for Singaporean and Permanent Resident employees posted to an overseas establishment of the approved firm or company.
    (v) Expanding the list of supportable activities to include overseas business development activity on third-party consultancy costs.
    (vi) Expanding support for overseas business mission.
  • Automatic double tax deduction will apply for qualifying expenses incurred from 1 Apr 2021 to 31 Dec 2025.

Enhanced Section 13H/Fund Management Incentive (S13H/FMI) (Micro)
Startup SG
Seeks to encourage investments into Singapore-based businesses and startups. The S13H and FMI will be extended for 5 years till 31 Dec 2025, with enhancements to:

  • Continue to encourage the inflow of local and foreign venture capital funds into Singapore and catalyse more financing options for locally-based enterprises (especially startups and SMEs).
  • Further boost the vibrancy of the startup ecosystem in Singapore.
  1.  S13H provides tax exemption for income from funds that meet the scheme’s requirement to invest into unlisted Singapore-based companies.
    (i) List of investments and income incentivised is expanded to include relevant items of the specified income.
    (ii) Foreign-incorporated or Singapore Variable Capital companies included to qualify for tax incentive.
    (iii) Removal of the statutory sub-limit that imposes a 10-year cap for the first tranche of tax exemption, while the 15-year cap on the overall tenure of the tax exemption status remains.
    (iv) Approved venture capital funds will be allowed to claim Goods & Services Tax incurred on their expenses, at a fixed recovery rate (to be determined).
  2. FMI offers fund management companies managing the associated S13H-approved funds a concessionary tax rate of 5%.
    (i) Renewable FMI award for the fund manager will be set at a maximum tenure of 5 years.
    (ii) Receive a single FMI award, which confers a concessionary tax rate of 5% on management fees and performance bonus derived from the associated portfolio of S13H funds, instead of having separate FMI award for each S13H fund.

COVID-19 Related

Enterprise Financing Scheme – Trade Loan (EFS-TL) (Micro, SME, MNC)
Enterprise Singapore (ESG)
The EFS-TL (formerly known as Loan Insurance Scheme Plus) supports enterprises’ trade financing needs. Government’s risk-share on the loan will be lowered to 70% from 90% and maximum loan quantum will remain at $10 million.

  • The enhanced EFS-TL has been extended to 31 Mar 2023. Beyond the period of this extension, the enhanced risk-share of 70% will be maintained for young enterprises and enterprises trading in challenged markets.

Enterprise Financing Scheme – Project Loan (EFS-PL) (Micro, SME, MNC)
Enterprise Singapore (ESG)

  • Provides support for businesses at various stages of growth to access financing and stronger support for young businesses.
  • EFS covers seven different areas – green growth projects, working capital, fixed assets, venture debt, trade, projects, and mergers & acquisitions.
  • The enhanced Enterprise Financing Scheme – Project Loan (EFS – PL) will be further extended till 31 Mar 2023 to support domestic projects for construction enterprises.

Enterprise Financing Scheme – Merger and Acquisitions (M&A) (Micro, SME, MNC)
Enterprise Singapore (ESG)

  • Supports enterprises to scale and expand through M&A – including venturing into complementary businesses and emerging sectors.
  • As announced at Budget 2022, the Enterprise Financing Scheme – Merger & Acquisition (EFS – M&A) will be enhanced for 4 years, from 1 Apr 2022 to 31 Mar 2026, to include domestic M&A activities.

Tax Exemption Scheme for New Start-Up (Micro, SME, MNC)
Inland Revenue Authority of Singapore (IRAS)

Tax exemption applicable for all new incorporated Singapore companies in the first 3 consecutive year assessment, except those with principal activity as investment holding and undertakes property development for sale and investment.

  • YA 2020 and 2021 onwards: 75% exemption on the first $100,000 of normal chargeable income and a further 50% exemption on the next $100,000 of normal chargeable income.
  • YA 2019 and before: Full exemption on the first $100,000 of normal chargeable income and a further 50% exemption on the next $200,000 of normal chargeable income.

This exemption scheme applies to qualifying companies only for their first 3 consecutive YAs. From the fourth YA onwards, companies can enjoy the partial tax exemption.

  • Partial Tax Exemption on First $200,000 of Chargeable Income (YA 2020 onwards): 75% exemption on the first $10,000 of normal chargeable income and a 50% exemption on the next $190,000 of normal chargeable income.
  • Partial Tax Exemption on First $300,000 of Chargeable Income (YA 2019 and before): 75% exemption on the first $10,000 of normal chargeable income and a 50% exemption on the next $290,000 of normal chargeable income.

Simplified Insolvency Programme (SIP) (Micro, SME)
Ministry of Law (MinLaw)

  • From 29 Jan 2021 to 28 Jul 2024, locally incorporated micro and small companies may apply for 2 separate programmes under SIP.
  • For simplified debt restructuring, companies are only required to submit 1 application to the high court with greater rooms to propose restructuring plan and lower requirements for approval by creditors.
  • Simplified winding will adapt to existing creditor’s voluntary winding up process, removes the need for court application and allows for early dissolution.

Foreign Worker Levy (FWL) Rebate and Waiver (Micro, SME, MNC)
Ministry of Manpower (MoM)
To help employers manage the costs associated with the border measures and safeguards, the Government waived FWL for all migrant workers (including migrant domestic workers (MDWs)) during their entry stay-home notice (SHN) and residential onboarding programme at the Migrant Worker Onboarding Centres (MWOCs).

This will be extended till December 2022 as safeguards such as SHN and MWOC onboarding remain important to minimise risk of COVID-19 importation.

Tourism Development Grants (Singapore Tourism Board) (Micro, SME, MNC)
Singapore Tourism Board (STB)
STB unveils a new 4-year Tourism Development Fund, designed to catalyse the creation of innovative and quality tourism products and experiences, and capability and talent enhancement efforts among tourism-related enterprises. The fund consists of 3 schemes:

  • Tourism Product Development Scheme
  • Tourism Event Development Scheme
  • Tourism Capability Development Scheme

Progressive Wage Credit Scheme (Micro, SME, MNC)
Inland Revenue Authority of Singapore (IRAS)
To provide transitional wage support for employers to:

  • Adjust to upcoming mandatory wage increases for lower-wage workers covered by the Progressive Wage and Local Qualifying Salary requirements; and
  • Voluntarily raise wages of lower-wage workers.
  • Co-fund wage increases of eligible resident employees from 2022 to 2026.
  • In 2022, an increase in Government’s co-funding share from 50% to 75% for the first tier and from 30% to 45% for the second tier, while maintaining all other parameters.
  • Extend Progressive Wage Model to retail, food services, and waste management sectors; and to other occupations, e.g. in-house cleaners, adminstrators, and drivers.

COVID-19 Recovery Grant (CRG) (Micro)
Ministry of Social and Family Development (MSF)
Aims to help Singapore Citizens (SCs) and Permanent Residents (PRs) who, as a result of the economic impact of COVID-19, are:

  • Presently unemployed due to retrenchment or contract termination; or
  • Placed on involuntary no-pay leave (NPL) for at least 3 consecutive months; or
  • Experiencing salary loss of at least 50% on average for at least 3 consecutive months from all jobs as a part-time or full-time employee; or
  • Experiencing Net Trade Income (NTI) loss of at least 50% on average over three consecutive months compared to average monthly NTI in 2020 or 2021.
  • Application are open till 31 Dec 2022.

Note: Net Trade Income is applicable to Self-Employed Persons (SEPs) and refers to gross trade income minus all allowable business expenses, capital allowance and trade losses as defined by the Inland Revenue Authority of Singapore (IRAS).

OneAviation Resilience Package
Ministry of Transport (MOT)
To preserve core capabilities and enhance status as an international aviation hub. 60% rebate off fees payable by Singapore-based carriers between 1 April 2022 and 31 March 2023 for their Certificates of Airworthiness, as well as for providing scheduled air services.

Digital Acceleration Grant (Micro, SME)
Monetary Authority of Singapore (MAS)

  • 70% co-funding for applications after 31 Dec 2021 are offered to Singapore financial institutions and FinTechs encouraging adoption of digital solutions.
  • Qualifying expenses are hardware and software, including licenses, maintenance and subscription costs, and professional services tied to adopting digital solutions.

MAS-SFA-AMTD FinTech Solidarity Grant (Micro, SME, MNC)
Monetary Authority of Singapore (MAS)

  • Business Growth Grant foster the continued growth of Singapore-based FinYech companies and helping companies offset Proof-of-Concept (POC) costs.
  • 70% of qualifying expenses (including professional services related to the POC, wage support, hardware and software) with overall cap of $80,000.
  • 70% of internship funding where $1,000/month is allocated for each intern.
  • Applications for the grants extended to 28 Feb 2023, subject to MAS confirmation.

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