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 deep-tech startups with strong IP and global potential.
  • Investment cap for deep-tech startups will be increased from the current $4 million to $8 million. In addition to partnering qualified third-party investors to co-invest directly in deep-tech startups, the Government will also invest in selected venture capital firms that will in turn invest in deep-tech startups.

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 two 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.

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

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

  • Provides support for businesses at various stages of growth to access financing.
  • EFS covers six different areas – working capital, fixed assets, venture debt, trade, projects, and mergers and acquisitions.
  • Stronger support for young businesses.

Note: The maximum loan quantum supported for EFS-Venture Debt will be raised from $5 million to $8 million.

Special Situation Fund For Startups (SSFS) (Micro, SME)
Enterprise Singapore (ESG)
EDBI to provide financing support and invest in selected promising startups with private sector co-investors on a 1:1 basis to help high potential startups sustain their growth momentum until October 2021 or when funds are fully committed.

SG:D Spark (Micro, SME)
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)
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)
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)
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)
  • Aviation Development Fund (Civil Aviation Authority of Singapore)
  • Productivity Solutions Grant

Tax Exemption Scheme for New Start-Up (Micro, SME, MNC)
IRAS

Tax exemption applicable for all new incorporated Singapore companies in the first three 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.

Company Above 3 Years Old

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

  • Businesses can tap on support for projects in three key areas – core capabilities, innovation and productivity, and internationalisation.
  • Enhanced support to cover up to 80% of qualifying costs has been extended until 31 March 2022.
  • 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 six different areas – working capital, fixed assets, venture debt, trade, projects, and mergers & acquisitions.
  • Stronger support for young businesses.

Note: The maximum loan quantum supported for EFS-Venture Debt will be raised from $5 million to $8 million.

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.

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

  • SME Centres provide business diagnosis and advisory services, capability workshops and groupbased upgrading projects for micro and small enterprises.
  • For a two-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.

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.
  • Enhanced support to cover up to 80% of qualifying costs has been extended until 31 March 2022.

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. Funds up to 70% of qualifying activities.

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. Enterprise Singapore supports up to 80% of the programme participation costs from 14 September 2020 to 31 March 2022.

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)
  • Aviation Development Fund (Civil Aviation Authority of Singapore)
  • Productivity Solutions Grant

SkillsFuture Enterprise Credit (SME)
SkillsFuture Singapore
Additional support for employers investing in workforce and enterprise transformation. Up to $10,000 credit per firm to cover up to 90% out-of-pocket expenses for workforce and/or enterprise transformation.

SkillsFuture Leadership Development Initiative (SkillsFuture LDI) (Micro, SME, MNC)
SkillsFuture Singapore
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)
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)
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)
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 (SME)
SGTech
The STAR Fund helps SGTech members by providing funding assistance to generate revenue and sustain their business during this period. The STAR Fund also provides support for companies that desire to position themselves for the post-COVID-19 recovery by upgrading their competencies through training programmes. With a funding size of S$660,000, about 2,000 SMEs can benefit from the Fund.

Capability Transfer Programme (Micro, SME, MNC)
Workforce Singapore
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
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
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.

P-Max (Micro, SME)
Workforce Singapore
Helps SMEs to better recruit, manage and retain newly-hired PMETs through funding support and workshops on progressive human resource practices.

Professional Conversion Programmes (PCP), Place-and-Train (Micro, SME, MNC)
Workforce Singapore
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.

SGUnited Traineeships (SGUT) Programme for Host Organisations (Micro, SME, MNC)
Workforce Singapore
The SGUnited Traineeships programme aims to provide traineeship opportunities to those who have recently graduated or will soon be graduating in 2019 to 2021 (both years inclusive). By participating in the SGUnited Traineeships Programme, host organisations can gain access to a pool of fresh talent and be able to recruit experienced trainees when hiring picks up. The Government will co-fund 80% of the training allowance.

SGUT will be extended for one year until 31 March 2022 to continue supporting fresh jobseekers from the 2021 graduating cohort, in addition to those who have graduated in 2020 and 2019, with the following adjustments:

  • Starting from 1 April 2021, the stipend for ITE and diploma SGUT positions will be increased from $1,100-$1,500 to $1,600-$1,800 and from $1,300-$1,800 to $1,700-$2,100 respectively to encourage take-up. The stipend for university SGUT positions will remain unchanged.
  • The maximum duration of each traineeship will be reduced from nine to six months from 1 April 2021 onwards, in line with the economic recovery and to encourage employers to offer trainees full-time jobs.

SGUnited Mid-Career Pathways Programme – Company Attachments (SGUP-CA) for Host Organisations (Micro, SME, MNC)
Workforce Singapore
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 80% 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.

SGUP-CA will be extended for one year until 31 March 2022 to continue supporting mid-career jobseekers with the following adjustments to encourage take-up:

  • The maximum training allowance for mature trainees will be increased to up to $3,800/month.
  • The minimum training allowance for non-mature trainees will be increased to $1,600/month.
  • The Government co-funding rate for mature trainees will be increased to 90%.
  • The maximum training duration of each company attachment will be reduced from nine to six months from 1 April 2021 onwards, in line with the economic recovery and to encourage employers to offer trainees full-time jobs.

SGUnited Mid-Career Pathways Programme – Company Training (SGUPCT) (Micro, SME, MNC)
Workforce Singapore
The Company Training track under the SGUnited Mid-Career Pathways Programme helps mid-career individuals acquire industry-relevant skills through training with reputable companies and market leaders such as Korn Ferry and SAP. The courses under the programme are designed in partnership, and delivered by the companies. Other benefits of the programme include:

  • Modular format of programme allows you flexible and early exit without penalty when you find a job.
  • Monthly training allowance of $1,500 during your duration in the programme to help cover basic expenses.
  • Potential participation in workplace immersion and industry projects to allow you to apply skills learnt.
  • Employment facilitation to enhance your job-searching opportunities SGUP-CT will be extended for one year until 31 March 2022.

SGUnited Jobs – HR Programme Manager Initiative (HRPM) (Micro, SME, MNC)
Workforce Singapore
The Singapore Business Federation (SBF) has been appointed by ESG and WSG as the central coordinator for this initiative, where SBF works with other TACs to assist in employment facilitation efforts amongst member companies. This programme, which involves business-to-business (B2B) matching, complements other channels (e.g. the MyCareersFuture portal) by making the job matching process more proactive through company-to-company brokering, facilitated by HRPMs.

Job Redesign (Micro, SME, MNC)
Workforce Singapore
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
Provides grants and transitional foreign manpower support to businesses undertaking transformation projects to become more manpower-lean.

Senior Worker Early Adopter Grant (Micro, SME, MNC)
Ministry of Manpower
Supports businesses in raising their company-level retirement and reemployment age above the minimum statutory requirements. From 16 February 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.

Part-Time Re-employment Grant (Micro, SME, MNC)
Ministry of Manpower
Supports businesses that provide part-time re-employment opportunities to all eligible senior workers who request for it. From 16 February 2021, companies will be required to adopt the Tripartite Standard on Age-Friendly Workplace Practices to qualify for the grant.

Senior Employment Credit
Ministry of Manpower
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 January 2021 to 31 December 2022.

CPF Transition Offset
Ministry of Manpower
To alleviate the rise in business costs due to the increase of CPF contribution rates in 2022, the Government will provide employers with a one-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.

National Centre of Excellence for Workplace Learning (NACE) (Micro, SME)
SkillsFuture Singapore
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 (SME)
SkillsFuture Singapore
Additional support for employers investing in workforce and enterprise transformation. Up to $10,000 credit per firm to cover up to 90% out-of-pocket expenses for workforce and/or enterprise transformation.

Skills Framework (Micro, SME, MNC)
SkillsFuture Singapore
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
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 (Micro, SME, MNC)
SkillsFuture Singapore
Businesses can groom and hire fresh talent through Work-Study Programmes from the Certificate to Post-Graduate levels. Businesses will jointly design and deliver with Institutes of Higher Learning (IHLs) and appointed private providers.

Enhanced Training Support Package and Enhanced Absentee Payroll (ETSP) (Micro, SME, MNC)
SkillsFuture Singapore

The Enhanced Training Support Package (ETSP) encourages employers to send their workers for training during downtime. The Government has provided time-limited enhancements to the course fee subsidy and absentee payroll funding for eligible courses. The time-limited enhancements were applicable for courses starting before 1 January 2021.

(i) Enhanced course fee subsidy at up to 90% (up from baseline rates from 50%) will be maintained, for eligible employers in selected sectors more severely affected by COVID-19. This currently includes Aerospace, Air Transport, Arts & Culture, Food & Beverage, Point-to-Point and Private Hire Bus Transport , Retail and Tourism. This will also be extended to the severely affected Marine & Offshore sector.

(ii) From 1 January 2021, the enhanced Absentee Payroll funding rate will be revised to 80% of hourly basic salary capped at $7.50/hour, for employers in all sectors. This will apply to all courses that are eligible for absentee payroll2 funding today. This is lowered from the current enhanced AP rate of 90% of hourly basic salary, capped at $10/hour, in line with the easing of Government support as the economy recovers. The AP rate from 1 January 2021 to 30 June 2021 remains higher than the pre-COVID rates for some companies.

SkillsFuture Queen Bee (SFQB) (SME)
SkillsFuture Singapore
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
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 and job support services, training grant as well as a Job Redesign Grant.

SGUnited Jobs and Skills Schemes for Persons with Disabilities (Micro, SME, MNC)
SG Enable
Enhances access to employment and training opportunities for persons with disabilities amid COVID-19 through three types of programmes – Place-and-Train (PnT) programmes, Attach-and-Train (AnT) programmes and Skills Development Programmes (SDP). The schemes will lower the costs for employers, host companies and training providers in offering these opportunities to persons with disabilities.

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.
  • Enhanced support to cover up to 80% of qualifying costs has been extended until 31 March 2022.

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)
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.

SGTech STAR Fund (SME)
SGTech
The STAR Fund helps SGTech members by providing funding assistance to generate revenue and sustain their business during this period. The STAR Fund also provides support for companies that desire to position themselves for the post-COVID-19 recovery by upgrading their competencies through training programmes. With a funding size of S$660,000, about 2,000 SMEs can benefit from the Fund.

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)
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 September 2020 and February 2021 (inclusive), the baseline month is August 2020. For new hires made between March 2021 and September 2021 (inclusive), the baseline month is February 2021.

  • The support is 25% on the first $5,000 of gross monthly wages paid to all new local hires for up to 12 months.
  • For mature local hires aged 40 and above, all persons with disabilities, and ex-offenders, the support is 50% on the first $5,000 of gross monthly wages for wages from September 2020 to February 2021, and 50% on the first $6,000 of gross monthly wages for wages from March 2021 onwards for up to 18 months.

Enabling Employment Credit (Micro, SME, MNC)
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 six months prior to being hired will receive an additional wage offset of 10%, capped at $200/month, for the first six months of employment.

Support for Job Redesign under Productivity Solutions Grant (PSG) (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.

  • From 16 February 2021 to 31 March 2022, PSG-JR will be enhanced to provide stronger support for employers to engage pre approved job redesign consultants.
  • Employers can receive up to 80% funding support for job redesign consultancy, capped at $30,000 per company, for approved projects.

NTUC Training Fund (SEPs) (Micro)
Employment and Employability Institute (e2i)
Together with the Ministry of Manpower (MOM), the National Trade Union Congress (NTUC) is introducing the NTUC Training Fund (SEPs) to help Self-Employed Persons to supplement their income and, also prepare them to be future-ready through skills upgrading and training.

Under the Government SEP Training Support Scheme and NTUC Training Fund, a total of $40 million will now be available to support our SEPs to go for training. This training fund will allow SEPs to get paid an allowance whilst taking up training during this lull time.

A*STAR Collaborative Commerce Marketplace (ACCM) (SME, MNC)
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)
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 70% 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)
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 one roof.

Tech Access Initiative (Micro, SME)
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)
A*STAR
Businesses can get access to talent from A*STAR’s Research Institutes for up to two 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)
A*STAR
Improves SMEs’ access to intellectual property (IP) by providing royalty-free and exclusive licences 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 three key areas – core capabilities, innovation and productivity, and internationalisation.
  • Enhanced support to cover up to 80% of qualifying costs has been extended until 31 March 2022.
  • 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.

PACT Programme (SME, MNC)
ESG
Collaborate with other businesses to build capabilities, innovate and pursue new business opportunities in local and overseas markets. Funds up to 70% of qualifying activities.

Open Innovation Network (Micro, SME, MNC)
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)
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)
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

  • 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 (MNC)
Economic Development Board (EDB)
Corporate Venture Launchpad is a one-year pilot programme launched on 26 April 2021, where up to S$10 million of grant funding is available for eligible corporates to apply on a first-come, first-served basis. It provides co-funding for corporates to build new ventures through pre-qualified venture studios.

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
Businesses can address national and industry-wide challenge statements, in partnership with sector leads like TACs, other enterprises, and IHLs/RIs.

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 two years until 31 March 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.

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.
  • Enhanced support to cover up to 80% of qualifying costs has been extended until 31 March 2022.

SMEs Go Digital (Micro, SME)
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)
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 six months subscription fee for any two solutions with a minimum 18-months contract agreement.

Industry Digital Plans (under SMEs Go Digital) (Micro, SME, MNC)
IMDA
Businesses can use Industry Digital Plans (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 AI, cybersecurity and cloud solutions, with funding support from the Productivity Solutions Grant (PSG).

Grow Digital (under SMEs Go Digital) (Micro, SME)
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.

Digital Resilience Bonus (under SMEs go Digital) (Micro, SME, MNC)
IMDA

Provides additional support for enterprises to uplift their digital capabilities for business growth.

  • Up to $5,000 bonus for F&B and retail enterprises that adopt PayNow Corporate and InvoiceNow, as well as business process or e-commerce solutions, between 1 June 2020 and 30 June 2021.
  • Additional $5,000 bonus for enterprises that adopt digital solutions for data mining and analytics.

SME Digital Tech Hub (under SMEs Go Digital) (Micro, SME)
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)
IMDA
Businesses can access up to 80% funding support to adopt advanced digital solutions. These solutions will help businesses deepen their digital capabilities to strengthen business continuity measures and build resilience.

Chief Technology Officer-as-a-Service (CTOaaS) (Micro, SME)
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.

GoCloud (Micro, SME)
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 with effect from 1 June 2020.

GoSecure (Micro, SME)
IMDA
Designed to increase the cybersecurity capabilities of our local ICT companies and improve their product security posture. The programme helps to identify security gaps in their products and solutions through Security by Design consultation and vulnerability assessment to reduce cybersecurity risks.

Accreditation@SGD (Micro, SME)
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)
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)
IMDA
Co-funds the costs of trials and adoption of frontier technologies like 5G, artificial intelligence, and trust technologies.

Hawkers Go Digital (Micro)
IMDA

  • To encourage adoption of e-payments in hawker centres, wet markets, coffee shops and industrial canteens, a bonus of $300 will be given per month, over a period of five months.
  • Bonus eligibility period was extended from 31 December 2020 to 31 May 2021, to provide more time for stallholders to adopt the e-payment solution.

SkillsFuture for Digital Workplace (Micro, SME, MNC)
SkillsFuture Singapore
Helps businesses build digital confidence in staff and equip them with the basic digital skills required for the workplace over a two-day course.

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

  • Provides a reduced corporate tax rate of 5% or 10% on qualifying trading income for three or five 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.

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)

  • Supports businesses with industrial facilities to improve energy efficiency, for example, in energy efficient technologies; energy assessment; energy management information system (EMIS); resource efficient design; and low-global warming potential (GWP) refrigerant chillers.
  • Grant support of up to 50% of qualifying costs for the above areas highlighted, except for low-GWP refrigerant chillers. Low GWP refrigerant chillers grant applicants may reach out to NEA with project details for an estimate of grant quantum.

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.

Enterprise Sustainability Programme (ESP) (SME)

  • 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.
  • More details to be released later in 2021.

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 April 2021 to 31 December 2026.
  • EDB will provide further details by end June 2021.

Market Expansion Overseas

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

  • Businesses can tap on support for projects in three key areas – core capabilities, innovation and productivity, and internationalisation.
  • Enhanced support to cover up to 80% of qualifying costs has been extended until 31 March 2022.
  • 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.

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. Funds up to 70% of qualifying activities.

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.

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 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 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.
  • Enhanced support to cover up to 80% of qualifying costs has been extended until 31 March 2022.

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 – Germany-Singapore SME Funding Programme (SME)
Enterprise Singapore (ESG)
Singapore companies keen to embark on joint-innovation projects with German companies can receive support by participating in a joint call for proposals for Germany-Singapore technological R&D projects.

EUREKA GlobalStars-Singapore Call (Micro, SME, MNC)
Enterprise Singapore (ESG)
Singapore companies can now receive support in the facilitation of and funding for joint innovation projects with companies from 14 EUREKA countries.

International Co-Innovation Programmes – Singapore-Israel Industrial R&D Programme (Micro, SME, MNC)
Enterprise Singapore (ESG)
Singapore companies keen to embark on joint R&D collaboration with Israeli companies can receive support through the Singapore Israel Industrial R&D Programme (SIIRD).

International Co-Innovation Programmes – Singapore-Shanghai Joint Innovation Call (Micro, SME, MNC)
Enterprise Singapore (ESG)
Singapore companies keen to embark on joint innovation projects with Shanghai-based companies can receive support by participating in a joint call for proposals for Singapore-Shanghai technological R&D projects.

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

Consists of three 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.

SkillsFuture Enterprise Credit (SME)
SkillsFuture Singapore
Additional support for employers investing in workforce and enterprise transformation. Up to $10,000 credit per firm to cover up to 90% out-of-pocket expenses for workforce and/or enterprise transformation.

GlobalConnect@SBF (SME)
Singapore Business Federation
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)
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.

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

  • The SMA is a tripartite programme between EDB, 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 companies that invest in both Singapore and regional industrial parks as part of the SMA network can apply for a number of benefits, including:
    (i) Supplier identification and matching service.
    (ii) Differentiated tier of pricing for logistics services.
    (iii) Facilitation and support for Industry 4.0 pilot implementation programmes with Singapore solution providers.
    (iv) Support for eligible innovation activities undertaken in Singapore.

A*STAR Partners’ Centre @ Suzhou Industrial Park (SIP) (A*PC) (Micro, SME, MNC)
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)
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.

SkillsFuture Enterprise Credit (SME)
SkillsFuture Singapore
Additional support for employers investing in workforce and enterprise transformation. Up to $10,000 credit per firm to cover up to 90% out-of-pocket expenses for workforce and/or enterprise transformation.

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 Enterprise Singapore 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 February 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 five additional qualifying activities under the automatic DTDi list, up to the current annual expense cap of $150,000.

COVID-19 Related

Enterprise Financing Scheme – SME Working Capital Loan (EFS-WCL) (Micro, SME)
Enterprise Singapore (ESG)

  • The Government’s risk share of loans have been increased to 90% for loans initiated from 8 April 2020 till 31 March 2021.
  • From 1 April 2021, the EFS-WCL will return to its original parameters, with the maximum loan quantum of S$300,000 and risk share of 50% and 70% for young companies.
  • Businesses may request for deferment of principal repayment for one year, subject to assessment by Participating Financial Institutions (PFIs).

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. It was earlier enhanced in April 2020 to provide higher Government risk-share of 90% and higher maximum loan quantum of $10 million.

  • The enhanced EFS-TL has been extended for another six months, from 1 April 2021 to 30 September 2021.
  • The maximum loan quantum will remain at $10 million from 1 April 2021 to 30 September 2021.
  • The Government’s risk-share of loans will be lowered to 70% from 1 April 2021 to 30 September 2021.

Loan Insurance Scheme (LIS) (Micro, SME)
Enterprise Singapore (ESG)

  • The Loan Insurance Scheme helps SMEs secure short-term trade loans by having commercial insurers co-share loan default with PFIs.
  • Subsidies for loan insurance premiums have been increased from 50% to 80%, for one year from 1 April 2020 to 31 March 2021.

Enterprise Financing Scheme – Project Loan (EFS-PL) (Micro, SME, MNC)
Enterprise Singapore (ESG)
The EFS-PL has been enhanced from 1 January 2021 to 31 Mar 2022 to support project loans for domestic construction projects, in addition to overseas projects.

  • The maximum loan quantum for domestic project loans is $30 million.
  • The Government’s risk-share of loans is up to 70%.

Temporary Bridging Loan Programme (TBLP) (Micro, SME, MNC)
Enterprise Singapore (ESG)
The TBLP was introduced in Budget 2020 to provide additional working capital support for enterprises.

  • The TBLP has been extended for another six months, from 1 April 2021 to 30 September 2021.
  • The maximum loan quantum is $5 million till 31 March 2021. It will be lowered to $3 million from 1 April 2021 to 30 September 2021.
  • The Government’s risk-share of loans is 90% till 31 March 2021. It will be lowered to 70% from 1 April 2021 to 30 September 2021.

Tax Exemption Scheme for New Start-Up (Micro, SME, MNC)
IRAS

Tax exemption applicable for all new incorporated Singapore companies in the first three 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.

Simplified Insolvency Programme (Micro, SME)
Ministry of Law

  • Two temporary and processes adapted and modified from the existing framework in Insolvency, Restructuring and Dissolution Act (IRDA) will be available for six months from October 2020.
  • For simplified debt restructuring, companies are only required to submit one 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 Rebate (Micro, SME, MNC)
Ministry of Manpower
Firms in the Construction, Marine Shipyard and Process (CMP) sectors can receive FWL rebates from April 2020 to December 2021 ($90 for each Work Permit holder from October 2020 to December 2021).

No Increase in Government Fees & Charges (Micro, SME, MNC)
Government
There will be no increases in Government Fees & Charges from 1 April 2020 to 31 March 2021.

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

  • For up to six months, Business Sustenance Grant provides wage support for up to $2,000/month per local staff (including local founders and directors) and $1,000/month per local intern.
  • Rent support up to $4,000 for office space for six months.
  • Overall cap of $20,000.

Extended Support Scheme – Standardised ESS-S (SME)
Monetary Authority of Singapore (MAS)
Deferment of secured loans and loans under Enterprise Singapore.

  • Tier 1 and 2 Sectors apply to defer 80% of principal from 1 January 2021 to 30 June 2021.
  • Tier 3A and 3B Sectors apply to defer 80% of principal from 1 January 2021 to 31 March 2021.

Extended Support Scheme – Standardised ESS-C (SME)
Monetary Authority of Singapore (MAS)
Facilitates the restructuring of SMEs’ loans across multiple banks or finance companies where lenders can cooperate.

Arts & Culture Resilience Package (Ministry of Culture, Community and Youth/ National Arts Council) (Micro, SME, MNC)
National Arts Council
Key organisations in the arts and related sectors to receive a second tranche of the ACRP Operating Grant of $35,000 (per organisation) to defray operating costs.

Tourism Development Grants (Singapore Tourism Board) (Micro, SME, MNC)
Singapore Tourism Board
STB unveils a new five-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.

Jobs Support Scheme (Micro, SME, MNC)
IRAS
The JSS was introduced in Budget 2020 to provide wage support for employers to retain their local employees during this period of economic uncertainty. It has been extended for firms in Tier 1 and 2 sectors by up to six months, covering wages paid up to September 2021.

  • Tier 1 sectors (Aviation, Aerospace and Tourism) that are currently receiving 50% JSS support, will receive 30% support for wages paid from April to June 2021 and 10% support for wages paid from July to September 2021.
  • Tier 2 sectors (e.g. Food Services, Retail, Marine & Offshore, and Arts and Entertainment) that are currently receiving 30% JSS support will receive 10% support for wages paid from April to June 2021.
  • Tier 3A sectors will continue to receive 10% JSS support for wages paid from September 2020 to March 2021.
  • Employers that are not allowed to resume on-site operations currently receive Tier 1 JSS support for wages paid up to March 2021. For wages paid from April 2021 onwards, JSS support will revert to the firms’ base JSS tier.

Wage Credit Scheme (Micro, SME, MNC)
IRAS

  • Provides co-funding of wage increments for Singaporean employees earning a gross monthly wage of up to $5,000.
  • Extended by one year at a co-funding level of 15%.

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

  • For up to 6 months, Business Sustenance Grant provides wage support for up to $2,000/month per local staff (including local founders and directors) and $1,000/month per local intern.
  • Rent support up to $4,000 for office space for 6 months.
  • Overall cap of $20,000.

COVID-19 Recovery Grant (CRG) (Micro)
Ministry of Social and Family Development
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 three consecutive months; or
  • Experiencing salary loss of at least 50% on average for at least three 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 2019 or 2020. 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 IRAS.

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

  • 80% co-funding of qualifying expenses capped at $120,000 and 70% co-funding for applications after 31 December 2021 are offered to Singapore FIs 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.

Special Situation Fund for Startups (Micro, SME)
Enterprise Singapore (ESG)
EDBI to provide financing support and invest in selected promising startups with private sector co-investors on a 1:1 basis to help high potential startups sustain their growth momentum until October 2021 or when funds are fully committed.

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

  • Business Growth Grant foster the continued growth of Singapore-based fintech companies and helping companies offset POC costs.
  • 70% of qualifying expenses (including professional services related to the POC, wage support, hardware and software) with overall cap of $80,000.
  • 100% of internship funding where $1000/month is allocated for each intern.

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