Singapore’s pro-business administration provides a wide range of Grants and Incentives catering especially to SMEs.

The new annual Budget sees the addition of new grants and the expansion of existing ones to improve the capabilities, manpower and internationalisation efforts of businesses based in Singapore.

Contact VentureHaven Today for a free consultation on Grant Eligibility and Application.

Enterprise Singapore Grants (ESG)

ESG provides numerous Startup SG Grants catering to Founders, Investors and Startups.

Provides up to $30,000 to first time entrepreneurs with innovative business ideas by matching $3 to every $1 raised by for up to $30,000.

The grants cannot be used to repay loans, but only for business development expenses.

Eligibility:

  • Singaporeans / PR who are first-time entrepreneurs
  • Applicants must hold or propose to hold at least 30% equity in the underlying company
  • At least 51% local shareholding and be incorporated for less than 6 months
  • Applicants must not have registered or incorporated any business entity
  • Applicants must not have received any funding for the proposed business idea from another government organization
  • Applicants must commit full-time to the company and not be employed in another company
  • Applicants must be a key decision maker in the company.
  • Business activity should be conducted wholly or mainly in Singapore

Not eligible for the following business activity:

  • Cafes, restaurants, night clubs, lounges, bars, foot reflexology, massage parlous, gambling, prostitution, social escort services, employment agencies (including recruiting foreign work permit holders and workers / support staff, relocation services, and manpower services) and geomancy

Sole Prop / LLP can apply as well if the company is not registered for more than 6 months. However, upon approval and confirmation of successful application, the SP / LLP will need to be ceased and incorporate a Private Limited.

How to apply?

  1. Applicant to approach Accredited Mentor Partners (AMPs) with an innovative business idea

List of AMPs – https://www.startupsg.net/programmes/4894/startup-sg-founder/accredited-mentor-partners

  1. AMPs will identify applicants that have met the eligibility and passed the evaluation criteria. AMPs will also work with you to refine and sharpen the business proposals and develop appropriate milestones.
  2. AMPs will work with Enterprise Singapore (ESG) to evaluate start-ups and recommend suitable ones to ESG. ESG will evaluate and approve surfaced recommendations. Applicants will be informed of the result within 5 working days.
  3. ESG issues Letter of Offer to applicants. AMP mentors and assists approved applicants in their developmental process over 12-month incentive period.
  4. When approved applicants meet milestones. AMPs will work with them to submit a progress update. Upon verification of milestones, ESG will disburse the grant.

Documents needed

  1. Completed and signed Startup SG Founder Application Form
  2. ACRA e-statement (to declare that main applicant is a first-time entrepreneur)
  3. Business plans, CVs of management team

The Startup SG Tech grant supports 1) the development of proprietary technology solutions and 2) the growth of proprietary technology startups by providing early-stage funding for the commercialization of proprietary technology.

Eligibility:

  1. Solution
  • Solution must clearly demonstrate how science/technology is applied
  • Solution must be of a breakthrough level of innovation (distinctly different or new technology which has the potential to disrupt an existing market or to replace / create a new market / purpose / niche)
  • Solution must lead to or build on proprietary know-how/IP
  • Solution must be commercially viable
  1. Applicants
  • Registered for less than 5 years
  • At least 30% local shareholdings
  • Company’s group annual sales turnover is not more than $100 million or group employment size is not more than 200 workers
  • Core activities to be carried out in Singapore
  1. Projects
  • Proof-Of-Concept (POC) project

Your solution is at the conceptualization stage, and the technical/scientific viability still needs to be proven.

You should clearly explain the innovative science or technology concept behind the solution. Individual applicants from public sector research institutes must demonstrate entrepreneurial commitment to continue their technology commercialization work upon successful completion of the project.

OR

  • Proof-Of-Value (POV) project

You already have a technically/scientifically viable concept (POC available), and wish to carry out further development of a working prototype, to validate the commercial merit of an established concept.

You need to show the technology concept you are building on, and the commercial merit to be validated. You will also be required to demonstrate proof-of-interest from a potential customer or 3rd party investor, and the necessary business competencies to execute the project.

To maintain financial discipline, startups would be required to inject an increase in paid up capital of 10% and 20% of the grant for POC and POV respectively. The grant cap for POC will be $250,000 and POV at $500,000.

Project should fall under one of the following areas:

  1. Advance Manufacturing / Robotics
  • Robotics, Industrial IoT, Advanced materials, Augmented reality/Virtual reality technologies for manufacturing applications, Urban & autonomous mobility and Nanomaterials
  1. Biomedical Sciences and Healthcare
  • Life science tools, clinical diagnostics, medical device and products, digital health
  1. Clean Technology
  • Water technologies, Waste management and recycling solutions, Urban and sustainability solutions, Sustainable energy generation and management enablers
  1. Information & Communications Technologies
  • Cybersecurity technology, Infocomm infrastructure and architecture, Analytics and artificial intelligence, Edge technologies, Augmented Reality/Virtual reality technologies, Distributed ledger technologies (e.g. Blockchain)
  1. Precision Engineering
  • Silicon photonics, Sensors and actuators, Composite technology, Coatings, Optics and lasers
  1. Transport Engineering / Engineering Services
  • Digital transformation technologies, drilling and process technologies, solutions for LNG and offshore renewable, specialty chemicals/materials
  1. Food Science and Technology
  • Food packaging technologies, food testing solutions, food safety and traceability solutions, novel processing technologies, novel products in the following thematic areas

How to apply?

  1. Stage I

Interested startups to submit a summary of the proposed project, download and complete the Startup SG Tech Registration of Interest Form and email the completed form to [email protected]. Enterprise Singapore will inform you of your projects eligibility.

  1. Stage II

If accepted, Enterprise Singapore will invite you to submit a formal application comprising of the Startup SG Tech Proposal Template Enterprise Singapore Template full business proposal and cost breakdown. Proposals are assessed for the innovativeness, technical feasibility and commercialization potential.

  1. Stage III

Shortlisted applicants will present their proposal to a final evaluation panel comprising of industry experts. The decision of the evaluation panel is final.

The government will co-invest with independent, qualified 3rd party investors into eligible startups. This scheme aims to stimulate private-sector investments into innovative, Singapore-based technology startups with intellectual property and global market potential.

For startups that are improving in existing technologies, the Singapore government will provide 70% of the funding in an initial investment round of S$250K. Thereafter, the Singapore government will invest S$1 for every S$1 invested by private investors up to a cap of S$2 million.

For startup classified as ‘deep tech’, the Singapore government will provide 70% of the funding of the initial round investment of S$500K. Thereafter, the Singapore government will invest S$1 for every S$1 invested by private investors up to an investment cap of S$4 million.

Eligibility:

  • Singapore-based company with core activities carried out here
  • Incorporated as a Private Limited company for less than 5 years
  • Have paid up capital of at least $50,000
  • Be able to prove substantial innovative and intellectual content for its products and/or services and applications
  • Have high-growth potential with clear scalability for the international market
  • Have identified a ready, independent third-party investor(s)
  • Business must not be involved in gambling, tobacco-related products or any other activities which are in violation of law, or against public interest
  • Company cannot be a joint-venture or subsidiary

How to apply?

Applicants must submit a two-page executive summary and supporting documents of the business for a first-level assessment.

  • Business plan
  • Financial statements or management accounts
  • Business ACRA
  • Background of potential co-investor (if applicable)

Email your documents to SEEDS Capital at [email protected] or SGInnovate at [email protected]

Firms with the following business activities (but not limited to activities in the listing) will not be considered for investment:

  • Real estate development
  • Consultancy
  • Gambling
  • HR Recruitment
  • Tobacco related products
  • Finance companies specializing in provision of loans and leases
  • Other activities which are in violation of law, or against public interest

Enterprise Financing Scheme (EFS) will enable Singapore enterprises to access financing more readily throughout their various stages of growth.

SME refers to companies with group revenue of S$100 million or maximum employment of 200 employees.

  1. SME Working Capital Loan

Finance daily operational cash flow needs

Maximum Loan Quantum: 1 million / borrower

Maximum Repayment Period: 5 years

  1. SME Fixed Assets Loan

Finance the investment of domestic and overseas fixed assets

Maximum Loan Quantum: 30 million / borrower

Maximum Repayment Period: 15 years

  1. Venture Debt Loan

Finance the growth of innovative enterprises using Venture Debt and Warrants

Maximum Loan Quantum: 5 million / borrower

Maximum Repayment Period: 5 years

Enterprises may use the loan to grow and expand existing capacity, diversify into other product lines, augment working capital needs, undertake new projects, undergo merger and acquisitions.

  1. Trade Loan

Finance trade needs including inventory / stock financing, structured pre-delivery working capital, factoring (with recourse) / bill of invoice / AR discounting, overseas working capital loan

Maximum Loan Quantum: 10 million / borrower

Maximum Repayment Period: 1 year

  1. Project Loan

Finance the fulfillment of secured overseas projects. The supportable loan types includes working capital and trade loans, equipment / machineries / vessels / other fixed assets, guarantees

Maximum Loan Quantum: 50 million / borrower

Maximum Repayment Period: 15 years

  1. Mergers & Acquisitions Loan

Finance the acquisition of target enterprises with the intent of internationalization.

Maximum Loan Quantum: 50 million / borrower

Maximum Repayment Period: 5 years

Who can apply?

  • Be a business entity that is registered and physically present in Singapore
  • Have at least 30% local equity held directly or indirectly by Singaporean (s) and/pr Singapore PR(s)
  • Have a Maximum Borrower Group revenue cap of S$500 million for all companies.

How to apply?

Workforce Singapore Grants (WSG)

WSG provides various grants to help employers upgrade their workforce to improve productivity and competitiveness.

P-Max is a programme under the Adapt and Grow initiative that aims to help small and medium-sized enterprises (SMEs) to better recruit, train, manage and retain their newly-hired Professionals, Managers, Executives and Technicians (PMETs).

With up to 90% funding support from WSG, SMEs are only required to pay the 10% nett fee portion of the respective SME and PMET workshop course fees.

SMEs who successfully complete the six-month follow-up aimed at strengthening HR practices and retain their newly-hired PMET employee(s), will also be eligible for a one-off S$5,000 Assistance Grant.

This programme aims to help your company hire experienced professionals by tapping into a pool of Singapore Citizen PMETs (Professionals, Managers, Executives and Technicians). Company can receive up to $42,000 of salary support.

Who can apply?

  • Registered and incorporated in Singapore
  • Employ invidividual(s) and offer a grow monthly salary of at least $3,600 for SMEs
  • Offer individual(s) a permanent job or an employment contract of at least 12 months.

How to apply?

  1. To fill out the form and provide supporting documents needed (in the form) through WorkForce Singapore Feedback Portal using the Organization Login- https://www.wsg.gov.sg/content/dam/ssg-wsg/wsg/programmes/csp/csp-employer/WSG_CSP_Notification_Form_20190308_V01Final_(Public).pdf
  2. It must be submitted within 3 calendar month from the new hire’s date of work commencement

To help Singaporean jobseekers try out more jobs, including part-time work. Career Trial is targeted at full-time jobs paying at least $1,500/month and part-time jobs paying at least $750/month.

Career Trial is applicable where there is a need for a trial period for the employer and jobseeker to assess job fit, considering factors such as the occupation, industry and jobseeker profile.

Salary Support to Employers: 30% of monthly salary for up to 6 months, pay-out capped at $5,400 per hire for full time jobs and $2,700 per hire for part time jobs

Who can apply?

  • All employers must be legally registered or incorporated in Singapore with a UEN with ACRA
  • Actively hiring for jobs paying $1,500 (for full-time or $750 for part time position) or more
  • Offer employment to suitable jobseekers on permanent terms or on contract terms that are no less than one year after completion of Career Trial

What do companies need to do?

  • Provide a customized trial per Career Trial position. Trial duration for full time is between 16 to up to 480 hours while for part time is between 16 to 240 hours (capped at 80hrs/month)
  • Offer employment to suitable jobseekers on permanent terms or on contract terms that are no less than one year after completion of Career Trial

Where to apply? – https://portal.ssg-wsg.gov.sg/feedback)?_ga=2.213632275.682198553.1587365222-432831782.1587365222

  • Login using Corppass
  • Click on “My Feedback”
  • Click on “Submit New Feedback”
  • Select “Others” for Type
  • Select “Career Trial” for Category
  • Type “Employer’s Application” for Subject Title
  • Attach Form A2 and Form B2 and job hiring supporting documents (Employers are required to post the Career Trial position(s) in Jobs Bank via the “Post Jobs” link on MySkillsFuture.sg portal as an indication of the hiring job(s) for the applied Career Trial position(s).

Enterprise Development Grant (EDG)

Aims to support Singapore businesses in three key areas: Market and business development, Innovation and productivity, Core functions and capability.

The grant funds qualifying project costs namely third party consultancy fees, software and equipment, and internal manpower cost. The maximum support level will be 80% from 1 April 2020 to 31 December 2020.

How to apply for the above grants?

Pre-application

  1. Eligibility:
  • Be registered and operating in Singapore
  • Have a minimum of 30% local shareholding
  • Be in a financially viable position to start and complete the project
  1. Download the relevant project proposal templates and supporting document checklist to guide you in your preparation.

Core Capabilities – https://www.enterprisesg.gov.sg/financial-assistance/grants/for-local-companies/enterprise-development-grant/apply/-/media/esg/files/financial-assistance/grants/for-local-companies/edg/apply/EDG_Project_Proposal_Template-Core_Capabilities_Oct2018.pdf

Innovation and Productivity – https://www.enterprisesg.gov.sg/financial-assistance/grants/for-local-companies/enterprise-development-grant/apply/-/media/esg/files/financial-assistance/grants/for-local-companies/edg/apply/EDG_Project_Proposal_Template-Innovation_%20Productivity_Oct2018.pdf

Market Access – https://www.enterprisesg.gov.sg/financial-assistance/grants/for-local-companies/enterprise-development-grant/apply/-/media/esg/files/financial-assistance/grants/for-local-companies/edg/apply/EDG_Project_Proposal_Template-Market_Access_Oct2018.pdf

  1. Identify suitable providers to support your project. Companies applying for EDG support for consultancy-related costs must engage management consultants with Enterprise Singapore recognized certification.
  2. Prepare the project proposal

Documents required:

  • Latest ACRA search (no more than 6 months)
  • Corporate shareholder (if any) to provide the information for the corporate parents
  • Latest audited financial statement (no earlier than 12 months), if applicable, the consolidated financial statement of your ultimate parent company
  • Relevant proof of quotation for the cost of your project items

EDG Application Checklist – https://www.enterprisesg.gov.sg/financial-assistance/grants/for-local-companies/enterprise-development-grant/apply/-/media/esg/files/financial-assistance/grants/for-local-companies/edg/apply/EDG_Application_Checklist_Oct2018.pdf

Application

  • Using Corppass to sign in to Business Grants Portal – https://www.businessgrants.gov.sg/
  • Processing time: 8-12 wrrks
  • If you are awarded the grant, your company will receive a Letter of Offer (LOF) indicating the conditions of support and the amount of grant awarded. You will need to acknowledge receipt and accept the LOF within the timeline indicated.

CORE CAPABILITIES

  1. Business Strategy Development

To spur the growth of your company through interventions in business strategies

Scope of work can cover:

  • Diagnosis and gap analysis of your company
  • Assessment of internal and external factors, such as strengths and weaknesses, and competition
  • Development of a strategic roadmap, business frameworks, policies or processes
  • Recommendations and plans for implementation

Project may address any of these areas:

  • Formulation of growth strategies to capitalize on opportunities and enhance competitiveness
  • Analysis of the impact of tariffs and International Trade Agreements, and the development of strategies to optimize business performance
  • Development of strategies and processes to protect and monetize intellectual property assets as well as optimize R&D operations

What is not covered:

  • Stand-alone IP registration costs
  1. Financial Management

To optimize your company’s financial performance in order to support corporate strategy and growth and/or equip your management team with the right competencies so they can be good stewards of your company’s assets and resources.

Scope of work can cover:

  • Diagnosis and gap analysis of your company
  • Development of a strategic roadmap, business frameworks, policies or processes
  • Recommendations and plans for implementation

Project may address any of these areas:

  • Development of plans to optimize financing, investment, and risk management
  • Identification of business risk exposure, and development of proper risk management processes and controls
  • Formation of internal corporate structures to minimize tax liabilities

What is not covered:

  • Regulatory compliance costs, such as preparation of consolidated financial statements, accounting/tax filing services
  • Drafting of legal documents
  • Procurement of ICT solutions
  1. Human Capital Development

To strengthen your company’s Human Resource (HR) capabilities, so as to support business growth strategies.

Scope of work can cover:

  • Diagnosis and gap analysis of your company
  • Development of a strategic roadmap, business frameworks, policies or processes
  • Recommendations and plans for implementation

Project may address any of these areas:

  • Compensation & Benefits
  • Employee Engagement & Communication
  • Employee Value Proposition
  • HR Management
  • International Mobility
  • Job Redesign
  • Learning & Development
  • Manpower Planning
  • Organization Culture
  • Performance Management
  • Recruitment & Selection
  • Talent Management & Succession Planning

What is not covered:

  • Standalone training courses
  • Incentives, benefits and welfare subsidies for employees
  1. Service Excellence

To improve your company’s service delivery by gaining a deeper understanding of customers’ needs and decision-making processes.

Scope of work can cover:

  • Diagnosis and gap analysis of your company
  • Development of a strategic roadmap, business frameworks, policies or processes
  • Recommendations and plans for implementation

Project may address any of these areas:

  • Customer Diagnostics: Diagnosis and gap analysis of customer needs to improve service level and drive customer-centric behavior
  • Service Innovation: Adoption of advanced customer research, analytics and service process redesign to enhance customer experience

What is not covered:

  • Incentives for mystery shoppers and customer survey respondents
  1. Strategic Brand and Marketing Development

To help your company better capture target audiences and markets by differentiating your brand, and your products and services.

Scope of work can cover:

  • Diagnosis and gap analysis of your company
  • Assessment of internal and external factors, such as strengths and weaknesses, and competition
  • Primary or secondary research
  • Recommendations and plans for implementation

Project may address any of these areas:

  • Development of effective brand strategy that appeals to targeted consumers and offers differentiated proposition from the competition
  • Assessment of a bran’s financial value and identification of brand levers
  • Development of a strategic plan to optimize marketing resources and improve customer communications

What is not supported:

  • Production of corporate and/or marketing collaterals, such as brochures, videos, websites, photography, stock pictures, and copywriting
  • Implementation of marketing or PR campaigns, including retainer fees of consultants, advertising and media buys, engagement of social media influencers, management of websites/social media platforms, Search Engine Optimisation (SEO), and Search Engine Marketing (SEM)

INNOVATION AND PRODUCTIVITY

  • Automation

To support your company’s usage of automation and technology which can result in tangible benefits and significant growth.

Scope of work can cover:

  • Adoption/development of sophisticated hardware and/or software solutions
  • Development of solutions that involve purchase of machinery and integration of systems
  • Training of staff to deploy solutions

Project may address any of these areas:

  • Set-up costs that are essential to starting a business
  • Cost of equipment and gadgets, such as copiers, laptops, tablets and mobile phones
  • Equipment and software cost that are supported under the Productivity Solutions Grant (PSG)
  • Process Redesign

To help your company review existing processes and identify possible areas to improve efficiency.

Scope of work can cover:

  • Review and streamline of workflow and processes to reduce or remove redundant processes
  • Explore the use of technology to automate processes
  • Review and/or development of performance measures
  • Development of tracking and measurement system
  • Development of detailed roadmap of actions for further improvement
  • Produce Development

To help your company develop innovative technology and products with the end goal of commercialization.

Scope of work can cover:

  • Assessment of market viability
  • Evaluation of potential demand and user understanding
  • Development of product roadmap and proposed functionalities for the product
  • Demonstration of market validation
  • Development of commercialization plan
  • Review of IP considerations
  • Development of prototype and small batch production, where relevant

What is not supported:

  • Development of first product
  • Projects with low levels of technology innovation in relation to industry norms

MARKET ACCESS

  • Mergers and Acquisitions (M&A)

To help your company grow through M&A. This may be in the planning, assessment of potential mergers and/or acquisition or post-M&A stage integration

Project may address any of these areas:

  • Development of M&A strategies that compliments and supports overall growth
  • Feasibility study, for example a competitive scan or target search
  • Evaluation of target during company acquisition. This can include legal, financial or tax due diligence work
  • Estimation of a company’s current value
  • Development of change management plan for post-merger entity to integrate people, processes and culture

What is not supported:

  • Activities pertaining to the actual closing of a transaction such as the drafting of purchase and sales contracts and cost of acquisition. 
  • Overseas Marketing Presence (OMP)

To help your company expand into new markets by setting up an overseas presence to begin marketing and/or business development activities

You must:

  • Use the grant for marketing and/or business development
  • Meet the New Market Criteria (NMC), which is defined as a new city where the company has not had sales in excess of S$100,000 in any one year for the past three years
  • Post at least one Singaporean or Permanent Resident to be based in the market to conduct marketing and/or business development work

Eligible expenses:

  • Salary of maximum two business development staff stationed at the market (one has to be Singaporean / PR)
  • Rental expenses of the specified location

All project are subjected to:

  • A grant cap of S$100,000 per project
  • Maximum support duration of 12 months per project
  • Pilot Project and Test Bedding

To help your company expand into new geographical or product markets by building your track record

The product should be new and must not be generating any revenue at the point of grant application

Scope of work covers:

  • Demonstration of product / solution viability and establishment of a track record to scale in new markets
  • Standards Adoption

To help your company adopt internationally-recognized standards and certifications in key industries as well as in new and emerging sectors.

Scope of work can cover:

  • Assessment and adoption of relevant standards for business growth

What is not covered:

  • Cost of annual surveillance or recertification of current standards which the company is already certified to
  • Standards referred to in local regulatory acts
  • Product testing and validation of existing or off-the-shelf products
  • Basic standards such as ISO 9001, ISO 14001, OHSAS 18001, SS 506, AND ISO 45001

Productivity Solutions Grant (PSG)

Established to encourage the adoption of digital productivity solutions and equipment to enhance business processes.

Covers sector-specific solutions including retail, food, logistics, precision engineering, wholesale, landscaping, construction

Government will provide up to 80% of funding support.

Eligibility:

  • SMEs that is registered and operating in Singapore
  • Purchase/lease/subscription of the IT solutions or equipment must be used in Singapore
  • Have a minimum of 30% local shareholding

The company must not have/be:

  • Make any payment to a supplier, vendor or third party in relation to the purchase/lease/subscription of the IT solution or equipment
  • Signed any contract with a supplier, vendor or third party in relation to the purchase/lease/subscription of the IT solution or equipment
  • Charities, Institutions of Public Characters
  • Religious Entities
  • Voluntary Welfare Organization
  • Government agencies and subsidiaries

How to apply?

  1. Visit https://www.smeportal.sg/content/tech-depot/en/home.html to access the list of supportable solutions and identify relevant solutions that best suit your business needs
  2. For IT solutions: Get a quotation from the pre-approved vendor (on Tech Depot)
  3. For equipment: Source for the equipment and get a quotation from the vendor
  4. Submit an application on https://www.businessgrants.gov.sg/.

Market Readiness Assistance (MRA)

SMEs will receive an international boost with the Market Readiness Assistance (MRA) grant to help take your business overseas.

Eligibility:

  • Business entity is registered/incorporated in Singapore
  • New market entry criteria, i.e. target overseas country whereby the applicant has not exceeded S$100,000 in overseas sales in each of the last three preceding years
  • At least 30% local shareholding
  • Group Annual Sales Turnover of not more than S$100 million; OR Company’s Group Employment Size of not more than 200 employees

Eligible SMEs will receive the following support:

  • Up to 70% of the eligible costs, capped at S$100,000 per company per new market

Overseas market promotion (capped at S$20,000)

Overseas business development (capped at S$50,000)

Overseas market setup (capped at S$30,000)

  • Each application is limited to one activity in a single overseas market (e.g. market entry, or participation in a trade fair)

How to apply?

Before application:

  • Signed an engagement letter with the third-party consultant
  • Made the first payment to the third-party consultant
  • Commenced the project with the third-party consultant

And apply through – https://www.businessgrants.gov.sg/

International Co-Innovation Programmes

Singapore’s international co-innovation programmes will assist in your company’s growth and internationalization, by supporting projects that catalyse cross-border collaboration on technology development and co-innovation.

Singapore companies can now receive funding support in joint innovation projects in the Artificial Intelligence (AI) domain with entities from 15 EUREKA countries.

EUREKA aims to support market-oriented R&D and innovation projects by industry, research centres and universities across all technologies sectors.

Who can apply?

  • Interested companies must partner entities from at least two of the 15 participating EUREKA countries on a joint innovation project within the AI domain
  • Be registered and operating in Singapore
  • Have a minimum of 30% local shareholding
  • Be in a financially viable position to start and complete the project

How to apply?

  • For more details on the application process and the online brokerage tool, interested Singapore companies should email [email protected] , with the subject title ‘EUREKA Clusters AI Call’.
  • The consortium should jointly submit the EUREKA Clusters AI Call Proposal via the online submission tool at eureka-clusters-ai.eu by 15 June 2020.
  • Separately, each project partner may be required to submit a related funding application form to their respective funding bodies. For Singapore companies, the equivalent of this is the application form for the Enterprise Development Grant (EDG), which can support up to 70% of the qualifying project cots. Singapore companies must submit the EDG application form on the Business Grants Portal by 15 June 2020, along with all supporting documents.

Aims to encourage the development of ready-to-market solutions for products, technology-based services or methods that have strong potential for the French, Singapore or international-market. For Singapore companies that is keen to embark on joint innovation projects with French companies.

Who can apply?

  • The project consortium must involve at least one Singapore company and one French company
  • Project partners must co-operate on a joint innovation project that will focus on developing innovative products and applications in any technological and application area.
  • Be registered and operating in Singapore
  • Have a minimum of 30% local shareholding
  • Be in a financially viable position to start and complete the project

How to apply?

Looking for projects that result in the research and development of innovative products and applications, with the end goal of commercialization. Key focal sectors include biopharmaceutical and life sciences, smart cities development, as well as urban solutions and sustainability. The call for proposals is open to all technological and application areas, with a focus on biopharmaceutical & life sciences, smart cities development, and urban solutions & sustainability.

Who can apply?

  • The project consortium must involve at least one Singapore company and one Shanghai company, independent from each other.
  • Each project partner should contribute no more than 70% of the total project cost
  • Be registered and operating in Singapore
  • Have a minimum of 30% local shareholding
  • Be in a financially viable position to start and complete the project

How to apply?

Land Productivity Grant (LPG)

Companies that are interested to optimize land use through domestic or overseas relocation can tap on the Land Productivity Grant (LPG) to defray part of the initial cost arising from the relocation. The supportable cost components would be one-time, non-capital expenses related to the relocation.

Funding support for approved projects will be between 10% and 70% of the qualifying costs, and is dependent on the amount of land freed up and the remaining lease term.

Qualifying cost:

  • Relocation cost (i.e. physical movement of existing plant & machinery to new site. Exclude cost of asset acquisition in equipment, machinery, land, building and taxes and levies paid to foreign or local government)
  • Third-party consultancy fees for market and location feasibility studies as well as work flow redesign
  • Manpower cost of project manager or Singapore-based staff posted to the overseas site to oversee training of local labour and new facility setup.

Supportable activities:

  • Domestic relocation: Restructuring of production model and relocation of existing operations from a land-based facility to a high-rise one or another land-based development locally with smaller footprint.
  • Immediate region relocation: Partial restructuring of business activities to Iskandar Malaysia and/or Batam, Bintan and Karimun in Indonesia (IM-BBK)

Who can apply?

  • Company has to be physically present and registered in Singapore
  • Company has to be currently situated on industrial land
  • For overseas relocation, company must demonstrate strong linkages from the relocated activities to the activities carried out in Singapore
  • Company must generate a minimum of 0.1 hectare (ha) of land savings

Where to apply? – https://grantportal.enterprisesg.gov.sg/spring/pages/login.aspx

SkillsFuture Enterprise Credit (SFEC)

Encourages employers to invest in enterprise transformation and capabilities of their employees.

What does SFEC support?

  1. Enterprise Transformation
  2. Workforce Transformation

Job redesign initiatives, and curated training programmes by SkillsFuture Singapore and Workforce Singapore, such as training courses aligned to the Skills Framework, Professional Conversion Programmes and sector-specific programmes.

Eligible employers will receive a one-off S$10,000 credit to cover up to 90& of out-of-pocket expenses. Enterprise transformation can be used up to $7000 only while Workforce Transformation can used up to the full $10,000.

Who can apply?

  • Employers who have contributed at least S$750 Skills Development Levy over the period
  • Employers who have employed at least three Singapore Citizens or Permanent Residents every month over the same period
  • Employers who have not been qualifies at any of the qualifying periods

Qualifying periods:

  1. April 2019 to 31 March 2020
  2. July 2019 to 30 June 2020
  3. 1 Oct 2019 to 30 Sep 2020
  4. 1 Jan 2020 to 31 Dec 2020

Workfare Training Support (WTS) Scheme for Employers

WTS encourages employers to sponsor their lower wage employees for training to upgrade their work skills and improve business performance.

Employers will receive course fee subsidy to lower training costs and absentee payroll funding for employees who are sent for training. Employers can benefit from up to 95% course fee subsidy and absentee payroll funding when they sign up their employees for any course approved for WTS-eligible courses. Find out more of the eligible course here – https://www.skillsconnect.gov.sg/sop/portal/

Who can qualify?

  • Employees that is a Singapore Citizen
  • Employees that is aged 35 years and above (13 years and above for persons with disabilities)
  • Employees that earn an average gross monthly income of not more than $2,000 for the months worked

Where to apply? – https://www.skillsconnect.gov.sg/sop/portal/

Job Redesign Place And Train Programmes

Aims to reskill existing staff and/or new hires for redesigned jobs.

Who can apply?

  • Registered or incorporated in Singapore
  • Committed to work with WorkForce Singapore or its appointed partner on the necessary administrative matters related to the programme
  • Have a clear plan on how Job Redesign transformed old job roles into new ones
  • Committed to reskilling and training arrangements
  • Able to offer redesigned job roles which pays a monthly fixed salary of at least $1,600 after the programme
  • Able to offer redesigned job which fulfils one or more job redesign outcome i.e. vertical redeployments where affected workers move into roles that have larger job size/expanded scope and/or horizontal redeployment where affected workers are moved into adjacent roles of the same job size
  • Candidates eligibility must be a Singaporean / Pr and above 21 years old

Under the programme, employers can receive up to 3 months of salary support at the following rates:

  1. Standard Rate: Up to 70% of monthly salary capped at $2,000/month
  2. Enhanced Rate: For Singapore Citizens aged 40 and above or have been unemployed for 6 mores or more, up to 90% of monthly salary capped at $3000/month

To apply – email [email protected]

Who can apply?

  • Registered or incorporated in Singapore
  • Committed to work with WorkForce Singapore on the necessary administrative matters related to the programme
  • Have a clear plan on how Job Redesign transformed old job roles into new ones
  • Able to offer redesigned job roles which pays a monthly fixed salary of at least $1,800 after the programme
  • Able to offer redesigned job which fulfils one or more job redesign outcome i.e. Job enlargement, Job enrichment, Job reconfiguration, Improvement to wages and/or working conditions
  • Candidates eligibility must be a Singaporean / Pr and above 21 years old

Under the programme, employers can receive up to 6 months of salary support at the following rates:

  1. Standard Rate: Up to 70% of monthly salary capped at $2,000/month
  2. Enhanced Rate: For Singapore Citizens aged 40 and above or have been unemployed for 6 mores or more, up to 90% of monthly salary capped at $3000/month

To apply – email [email protected]

Employment Support for Employers to hire Persons with Disabilities

PwDs is a programme under the Adapt and Grow initiative which helps to enhance the employability of and increase employment options for PwDs. It also encourages employers to hire, train and integrate PwDs into the workforce.

Employers can receive:

  • Course fee subsidy of up to 90% of course fee for co-workers of PwDs who take up SG Enable’s list of curated training courses
  • Job redesign grant of up to 90% of costs incurred, capped at $20,000 per PwD, to redesign the job, purchase new equipment, or modify the workplace to be more conducive for PwDs
  • Up to one year of complimentary recruitment and job support services provided by SG Enable and its Job Placement and Job Support partners to support the recruitment and retention of employees with disabilities.

Who can apply? – Singapore-registered organization interested in hiring or has hired, and/or training and integrating eligible PwDs

How to apply – Contact [email protected]

Employment Support for Ex-Offenders

It provides employers with an alternative pool or trained and skilled workers. It benefits the employers by tapping on pool of productive and committed workers.

Who can apply? – Singapore-registered organization interested in hiring ex-offenders who are Singapore Citizen or Permanent Residents

The programme covers the following:

  • Assist ex-offenders in skills training and employment
  • Prepare unemployed ex-offenders to re-enter the workforce
  • Post-placement support to ease re-integration

How to apply? – Contact [email protected]

PACT

PACT programme encourages mutually beneficial collaborations between companies.

The nature of collaboration should go beyond regular business activities. One enterprise should undertake the role of a leader (known as a ‘Lead Enterprise’) in driving projects to benefit the group of companies.

The Lead Enterprise should be a Singapore company or MNC

Project Scope:

  1. Capability Development
  • Supplier/Partner Development: A Lead Enterprise helps existing/new suppliers upgrade their technology capabilities so as to improve the quality of the supply chain
  • Co-innovation: A Lead Enterprise helps to co-develop and test-bed an innovative product from its smaller supplier
  • Knowledge Transfer: A Lead Enterprise develops a coaching programme to help its smaller distributors improve their cashflow management skills
  1. Business Development
  • Alliances or Consortiums: A Lead Enterprise forms an alliance with smaller firms so as to jointly pursue new international projects. The smaller firms in the alliance benefit through having new customers/contracts
  • Shared Resources: A Lead Enterprise pools common resources with smaller firms to achieve economies of scale and/or engage in shared marketing efforts

Support: SMEs will be capped at 70% and non SMEs at 50% of the qualifying costs

Who is eligible?

  • The Lead Enterprise should have clear capabilities above those of the other participating companies in the project. It takes responsibility for the implementation and successful delivery of the project.
  • The Lead Enterprise should help the participating companies in a manner that is beyond its normal commercial interest. For example, the Lead Enterprise should not be selling its product or service to the smaller firms through the project.
  • The project should include a majority of Singapore enterprises, even though foreign companies can be involved in the collaboration.

Where to apply? – Email [email protected]

Double Tax Deduction for Internationalization (DTDi)

Companies planning to expand overseas can benefit from the DTDi, with a 200% tax deduction on eligible expenses for international market expansion and investment development activities.

The expenditure cap for Automatic DTDi will be S$150,000.

List of qualifying activities and expenses – https://www.enterprisesg.gov.sg/financial-assistance/tax-incentives/tax-incentives/-/media/esg/files/financial-assistance/tax-incentives/dtdi/qualifying-activities-and-expenditure-available-for-dtdi.pdf?la=en

Eligibility:

  1. Companies
  • Reside in Singapore with a primary purpose of promoting the trade of goods or provision of services
  • Businesses enjoying discretionary incentives may also be allowed to qualify on a case-by-case basis, subjected to approval by Enterprise Singapore or Singapore Tourism Board. Incentivized businesses must have their global headquarters in Singapore, with the primary purpose of trading in goods or providing services, and have an intention to internationalize.
  1. Projects
  • Promote the company’s new products and services to new target market (s)
  • Identify new customer in target market (s) for the company’s existing products and services
  • Promote the company’s new products and services to existing customers
  • Promote the company’s existing products and services to existing markets so as to increase market share

Where to apply? – https://incentives.enterprisesg.gov.sg/Pages/Common/UserRegistration.aspx

Capability Development Grant

Aims to support the exposure to and learning in diverse areas if functions and practices within the arts.

This grant can be used for workshops, master classes, seminars, conference, residencies and many other professional training and skills development programmes.

The Capability Development Grant can support your organization or you for the following categories of training activities or programmes that span a duration of no more than 12 consecutive months:

  1. Professional training and skills development programmes such as workshops, masterclasses, seminars, conferences, professional programmes (e.g. certified or accredited courses such as professional diplomas), residencies and participation of competitions.
  2. On the job training activities such as work attachments and internships or traineeships
  3. Mentorships and Apprenticeships

Grants cover:

Percentage of Actual Supportable Expenses: Up to 30%

Overall Cap per Financial Year: $75,000

When to apply?

By 15 April 2020, 14 August 2020 and 15 December 2020

To submit grant application to [email protected]

ACE Start-ups Grant

The ACE Startups grant provides funding support to entrepreneurial Singaporeans who want to take their first step in starting up differentiated businesses.

Eligibility:

  • Singaporeans / PR who are first-time entrepreneurs
  • At least 51% equity and be incorporated for less than 6 months
  • Applicants must not have registered or incorporated any business entity
  • Applicants must not have received any funding for the proposed business idea from another government organization
  • Applicants must commit full-time to the company
  • Applicants must be a key decision maker in the company.

Not eligible for the following business activity:

  • night clubs, lounges, bars, foot reflexology, massage parlous, gambling, prostitution, social escort services, employment agencies (including recruiting foreign work permit holders and workers / support staff, relocation services, and manpower services) and geomancy

Benefits: ACE will match $7 to every $3 raised by the entrepreneur for up to $50,000

If your start-up is in a capital intensive industry, you may consider applying for an additional S$50,000. For this, ACE will match $3 to every $7 raised by the entrepreneur.

ACE will also match you with a mentor, who will support the sustainable growth of your start-up in its first year.

How to apply?

  • Check that you meet the eligibility criteria
  • Download the ACE Startups Submissions Form from ace.sg
  • Send the hardcopy form to ACE Start-Ups Administrator