Funding Grants for Security Agencies
There are many opportunities for funding that Agencies may seek out. The SAS Office of Industry Transformation has curated a list of possible funding sources that may be of particular interest to Members.
Members may also consult directly with SAS in further detail regarding funding matters; enquiries may be sent to SAS via the contact page, or in email to [email protected].
This page was last updated on 20th June 2019.
Enterprise Development Grant (EDG)
This Enterprise Singapore grant aims to help businesses grow and transform, funding new projects that focus on any one of three pillars: Core Capabilities, Innovation and Productivity, and Market Access.
Funding Level
A qualifying project may receive up to 70% funding of project costs.
Criteria
Businesses intending to apply must meet the following criteria:
- 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
More details can be found here.
Technology Adoption Programme (TAP)
Riding on the EDG for funding, this Enterprise Singapore programme supports businesses who adopt and deploy Ready-to-Go (RTG) technology solutions to boost productivity.
Funding Level
A qualifying project may receive up to 70% funding of project costs.
Criteria
Businesses intending to apply must meet the following criteria:
- Be registered and operating in Singapore
- Have a minimum of 30% local shareholding
- Have group annual sales turnover of not more than $100 million OR group employment size of not more than 200 employees
The deployment of RTG solutions should also lead to at least a 20% increase in productivity.
More details can be found here, and email enquiries may be sent to [email protected].
Productivity Solutions Grant (PSG)
This straightforward government grant helps businesses adopt pre-approved IT solutions and equipment to boost productivity and reduce reliance on manpower.
Funding Level
The adoption of pre-approved solutions and equipment will be funded at up to 70% of costs.
Criteria and Application
Businesses intending to apply for the PSG must meet the following criteria:
- 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 (for selected solutions only)
Applications are submitted via the Business Grant Portal (BGP), requiring the use of a CorpPass.
More details can be found here.
Market Readiness Assistance (MRA) Grant
This Enterprise Singapore grant aims to help businesses internationalise and access overseas markets.
Funding Level
Eligible businesses will receive:
- Up to 70% of eligible costs, capped at 20K per company per fiscal year that covers:
- Maximum of two applications per fiscal year, starting 1 April and ending 31 March the following year
- Limited to one activity (e.g. market entry, or participation in a trade fair) per application
Criteria and Application
Businesses intending to apply for the PSG must meet the following criteria:
- Business entity is registered/incorporated in Singapore
- At least 30% local shareholding
- Group annual turnover not exceeding S$100 million per annum based on the most recent audited report, or group employment not exceeding 200 employees
Applications are submitted via the Business Grant Portal (BGP), requiring the use of a CorpPass.
More details can be found here.
SME Talent Programme (STP)
This Enterprise Singapore programme helps businesses engage and develop internships for students of tertiary institutes and institutes of higher learning.
Funding Level
Businesses will be eligible for funding support up to 70% of the internship stipend.
Criteria and Application
Businesses intending to apply for the STP must meet the following criteria:
- At least 30% local shareholding
- Group annual turnover of up to S$100 million OR group employment size of up to 200 workers
- Offer potential career opportunities with a clear job description and career progression path
- Possess sound Human Resource processes
- Willing to participate in Enterprise Singapore’s Human Resource Maturity Diagnostics (HRMD) to facilitate future capability upgrading
Applications are submitted online to STP.net, requiring a CorpPass. More information can be found here.
Lean Enterprise Development (LED) Scheme
The LED scheme from MOM is a comprehensive platform aiming to assist any business that intends to become manpower-lean, build a stronger Singaporean core, or develop a better quality workforce.
The scheme will help businesses identify and obtain funding from different agencies such as the EDG, PSG, or even the Business Improvement Fund administered by STB.
More details can be found here. Enquiries may also be sent via email to [email protected].
Career Support Programme (CSP)
The CSP, administered by WSG, encourages the hiring of Singaporean PMETs by eligible businesses by defraying initial hiring costs. Employers can receive up to $42,000 salary support to hire Singapore Citizens, subject to terms and conditions.
Criteria
Businesses intending to apply must meet the following criteria:
- Companies must be legally registered or incorporated in Singapore, with a Unique Entity Number (UEN) registered with ACRA
- Employ individual(s) by offering a gross monthly salary^ of at least $4,000 ($3,600 for SMEs
- Offer individual(s) a permanent job or an employment contract of at least 12 months
^The sum of the New Hire’s monthly basic salary and any fixed monthly allowances
Application
Applicants must fill in a form to be sent to the WSG feedback portal. More information can be found here. Enquiries may also be sent via email to [email protected].
Enhanced Training Support for SMEs
This SkillsFuture Singapore (SSG) programme offers additional support to businesses who face challenges in sending their employees for training.
Funding Level
Businesses can receive support for training purposes via
- Higher Course Fee Grant: businesses enjoy SkillsFuture Funding of up to 90% of the course fees when they sponsor their employees to attend courses supported by SSG
- Enhanced Absentee Payroll (AP) Funding: businesses may claim AP funding of 80% of basic hourly salary at a higher cap of $7.50 per hour, an increase over the normal cap of $4.50 per hour.
Criteria
Businesses intending to apply must meet the following criteria:
- Registered or incorporated in Singapore
- At least 30% local shareholding by Singapore Citizens or Singapore Permanent Residents
- Employment size of not more than 200 (at group level) or with annual sales turnover (at group level) of not more than $100 million
- Trainees must be hired in accordance with the Employment Act and fully sponsored by their employers for the course
- Trainees must be Singapore Citizens or Singapore Permanent Residents
Application
Applications are submitted to the SkillsConnect portal, requiring a CorpPass. More information can be found here.
Productivity-Max Programme
The P-Max programme from Workforce Singapore helps businesses train their PMETs, establish progressive HR practices, and better retain PMETs.
Funding Levels
WSG can provide up to 90% funding for workshops and courses for their PMETs, and also may receive an additional grant of $5,000 on a once-off basis, subject to terms and conditions.
Criteria
Businesses intending to apply to this programme must meet the following criteria:
- Be registered or incorporated in Singapore
- Be made up of at least 30% local shareholding
- Have an annual sales turnover of not more than S$100 million or employment size not exceeding 200 employees
- Offer PMET job vacancies that pay a gross monthly salary of at least S$2,500; and/or have hired a PMET within the last three months (i.e. 90 days) prior to enrolment into programme and paying a gross monthly salary of at least S$2,500
Additionally, the PMETs undergoing training in the programme must meet the following criteria:
- Be a Singaporean or Singapore Permanent Resident who is keen to pursue a full-time career in an SME
- Diploma holder or have prior work experience in a PMET job
- Have graduated or completed National Service for a minimum period of 12 months
Application
Application into the programme can be made by first contact any one of several Programme Managers from various organisations:
| Program Manager | Website | |
| Association of Small and Medium Enterprises (ASME) Place-and-Train Programme | [email protected] | www.pmax.sg |
| Singapore National Employers Federation (SNEF) Place-and-Train Programme | [email protected] | www.p-max.sg |
| Singapore Manufacturing Federation (SMF) Place-and-Train Programme | [email protected] | www.pmaxsingapore.com/ |
| Singapore Productivity Association (SPA) Place-and-Train Programme | [email protected] | www.pmax.spa.org.sg |
| Workforce Advancement Federation Ltd (WAF) Place-and-Train Programme | [email protected] | www.pmax.waf.org.sg |
| U SME (An initiative of NTUC) Place-and-Train Programme | [email protected] | www.pmax-usme.sg |
More information can be found here.
Tech Access Initiative
The A*STAR Tech Access Initiative aims to help SMEs build capabilities in advanced manufacturing through the use of advanced equipment to prototype new products, qualify new processes and test out new applications.
Funding Level
Businesses can receive up to 50% funding support from Enterprise Singapore for qualifying project costs.
Criteria and Application
Businesses intending to apply must meet the following criteria:
- Minimum of 30% local shareholding; AND
- Group annual sales turnover of not more than S$100 million; OR
- Group employment size of not more than 200 workers
More information can be found here. Enquiries on applications can also be sent via email to [email protected].
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