Initiatives
Office of Industry Transformation
Grants and Schemes for Security Agencies
The SAS Office of Industry Transformation has curated a list of possible funding sources that may be of interest to Members.
To obtain information on funding and grants, members may consult SAS directly.
Inquiries may be sent to SAS via the SAS contact page, or via email to philips@sas.org.sg
For tailored assistance on available government grants and schemes, the following platform may be of help to members: https://gaeadviser.gobusiness.gov.sg/.
For Business Development and Innovation
Enterprise Development Grant (EDG)
Enterprise Singapore provides grants that help businesses grow and transform, funding new projects that focus on any one of three pillars: Core Capabilities, Innovation and Productivity, and Market Access.
Core Capabilities
Projects under Core Capabilities help companies prepare for growth and transformation by strengthening their business foundations. These include business strategy, financial management, human capital development, service excellence, strategic brand and marketing development.
Innovation & Productivity
Transform your business through innovative products, processes, and new business models. Optimise resource usage to make routine tasks more efficient and improve performance. This can be carried out through automation, process redesign, and product development.
For Singapore companies starting new projects to upgrade their business, explore new growth, or expand overseas, the Enterprise Development Grant (EDG) supports projects that help companies upgrade, innovate, grow and transform their business.
Market Access
Defray the costs of venturing overseas as you look to expand your business into overseas markets. This may include mergers & acquisitions (M&A), pilot project and test bedding and standards adopting.
Funding Level
EDG funds qualifying project costs namely third-party consultancy fees, software and equipment, and internal manpower cost.
Up to 50% of eligible costs for local SMEs
From 1 April 2023, SMEs can receive up to 50% support for EDG (sustainability-related projects may be supported at up to 70% from 1 April 2023 to 31 March 2026).
SPECIFIC GRANTS
Productivity Solutions Grant (PSG)
Enterprise Singapore provides grants that supports companies that are keen on adopting pre-scoped IT solutions and equipment to enhance business processes and assist businesses in their transformation journey.
The Productivity Solutions Grant (PSG) helps Singapore companies improve their productivity and automate existing processes through IT solutions and equipment.
- Up to 50% of eligible costs for local SMEs
- Receive up to $30,000 and improve your business productivity.
Eligibility
- Business entity registered and operating in Singapore.
- Company has at least 30% local equity held directly or indirectly by Singaporean(s) and/or Singapore PR(s), determined by the ultimate individual ownership.
- Company has a Group Annual Sales Turnover not exceeding S$100 million OR a Group employment size not exceeding 200 employees.
Click here >> Annex << for Quick tips for Productivity Solutions Grant (PSG) applications.
- IT solutions or equipment that are purchased, leased, or subscribed to must be used in Singapore.
- Company does not fall under these categories include:
Charities, Institutions of Public Characters (IPCs), Religious Entities, Voluntary Welfare Organisation (VWO), Government agencies and subsidiaries, and societies cannot apply for this grant.
Application
Applications may be submitted via the Business Grant Portal (BGP), requiring the use of a CorpPass.
For more information on Productivity Solutions Grant, Click >> here <<
For PSG Step-by-step guide, Click here >> https://www.enterprisesg.gov.sg/-/media/esg/files/financial-assistance/grants/for-local-companies/productivity-solutions-grant/psg-step-by-step-guide.pdf <<
SMEs Go Digital Programme
This programme by various government agencies helps businesses develop digital capabilities. Some relevant programmes for Members are as follows:
Advanced Digital Solutions
Funding Level
Enterprises can receive up to 70% funding support for the qualifying costs of digital solutions.
Qualifying costs: Funding support can cover the costs for hardware, software, infrastructure, connectivity, cybersecurity, integration, development, enhancement and project management.
The programme will also cover the cost of deploying these solutions (e.g., acquisition, subscription, lease, transaction, training and professional services like programmers and project managers).
Who is it for
Business entities, including sole proprietorships, that meet the following requirements will be eligible:
- Registered and operating in Singapore;
- Minimum of 30 percent local shareholding;
- Group sales turnover not more than S$100 million per annum or group employment size not more than 200 employees;
- Have not taken up a Start Digital Pack before; and
- Have not used identical solutions before.
For more details on Advanced Digital Solutions >> click here <<
Chief Technology Officer-as-a-Service (CTOaaS)
This initiative by IMDA helps SMEs identify and access resources they need to digitally transform. It includes quick access to digitalisation resources via a web application and a shared pool of skilled CTOs for SMEs that need more in-depth digital advisory.
Further details can be found here >> click here << .
For Jobs and Skills Upgrade
Jobs Growth Incentive (JGI)
The JGI aims to create good and long-term jobs for locals.
Funding Level
Eligibility for the JGI is dependent on the month the hiring of new locals was achieved. Employers must make timely CPF contributions and satisfy the following conditions:
Condition 1 – Increase in overall local workforce; AND
Condition 2 – Increase in local employees earning gross wages of at least $1,400 per month.
Conditions 1 and 2 will be assessed relative to the local workforce headcount in the baseline month (i.e. month prior to the start of the qualifying window).
For more information on the JGI details >> Click here <<
Support for Job Redesign under Productivity Solutions Grant (PSG-JR)
The Job Redesign under Productivity Solutions Grant (PSG-JR) encourages enterprises to work with pre-approved Job Redesign (JR) consultants to redesign work processes, tasks and responsibilities. Through supporting workforce and business transformation, JR can help make jobs more productive and attractive for workers, and benefit enterprises by allowing them to hire and retain good workers here in Singapore. This grant developed by Workforce Singapore (WSG) and administered by Singapore National Employers Federation (SNEF).
Funding Level
Eligible enterprises will receive up to 70% funding for consultancy services, capped at $30,000 per enterprise. Funding is on a reimbursement basis upon completion of the PSG-JR project. You will have up to one year to complete the project.
On top of the above funding support, you can also tap on the SkillsFuture Enterprise Credit (SFEC) to defray out-of-pocket (OOP) expenses. Eligible enterprises will receive a one-off $10,000 credit to cover up to 90% of OOP expenses.
More information on the Job Redesign under Productivity Solutions Grant, click >> here <<
SkillsFuture Enterprise Credit (SFEC)
This Enterprise Singapore grant encourages employers to invest in enterprise transformation and in the capabilities of their employees.
If your company is eligible for SFEC, your registered Corppass administrator would have received an eligibility letter from EnterpriseSG via email. Employers who qualify will be able to see the S$10,000 credit when they log in to :
>> https://www.businessgrants.gov.sg/ << and
- SkillsFuture Singapore website
>> https://sfec-microsite.enterprisejobskills.gov.sg/home/ <<
Funding Level
Eligible employers will receive a one-off S$10,000 credit to cover up to 90% of out-of-pocket expenses on qualifying costs for supportable initiatives, over and above support levels of existing schemes.
- S$7,000 max for enterprise transformation
- There is no cap on the SFEC amount that can be used for workforce transformation.
SFEC-supported programmes include:
Note: Employers will have to meet the eligibility criteria of the individual programmes before they can draw down the credit.
More information on the SkillsFuture Enterprise Credit can be found below.
Click >> here <<
SkillsFuture Singapore
SkillsFuture Singapore (SSG) drives and coordinates the implementation of the national SkillsFuture movement, promotes a culture and holistic system of lifelong learning through the pursuit of skills mastery, and strengthens the ecosystem of quality education and training in Singapore.
Click here for information on:
Workforce Singapore (WSG)
Workforce Singapore (WSG) is a statutory board under the Ministry of Manpower that oversees the transformation of the local workforce and industry to meet ongoing economic challenges. WSG promotes the development, competitiveness, inclusiveness, and employability of all levels of the workforce to ensure all sectors of the economy are supported by a strong, inclusive Singaporean core.
WSG, in partnership with key stakeholders, also addresses the needs of enterprises by providing support to help them transform and remain competitive, while developing a future-ready talent pipeline to support industry growth, and match the right people to the right jobs.
WSG offers the following:
- Career Conversion Programmes (CCP) for Individuals
- Career Conversion Programmes (CCPs) are conversion programmes targeted at mid-career individuals here in Singapore, to undergo skills conversion and switch to new jobs or sectors that have good prospects and opportunities for progression.
- Click below for more information
https://www.wsg.gov.sg/home/individuals/attachment-placement-programmes/career-conversion-programmes-for-individuals
- SGUnited Mid-Career Pathways Programme for Mature Mid-career Individuals
- The SGUnited Mid-Career Pathways Programme is a full-time attachment programme for mature mid-career individuals aged 40 and above who are looking for a switch in careers.
- Click below for more information
https://www.wsg.gov.sg/home/individuals/attachment-placement-programmes/sgunited-mid-career-pathways-programme-for-mature-mid-career-individuals
Senior Worker Early Adopter Grant (SWEAG) and Part Time
Re-employment Grant (PTRG)
The above two Workforce Singapore grants aims to encourage companies to continue tapping on the rich experience and skillsets of senior workers.
Funding Level
SWEAG
- MOM introduced the Senior Worker Early Adopter Grant (SWEAG) in July 2020 to support progressive employers that are willing and able to implement a higher internal retirement age and re-employment age, with the Retirement Age (RA) increasing from 62 to 63, and Re-employment Age (REA) increasing from 67 to 68.
- SWEAG provides funding support of $125,000 for employers to raise both their internal retirement and re-employment ages by 3 years above minimum statutory requirements.
- To qualify for SWEAG, employers will be required to adopt the Tripartite Standard on Age-friendly Workplace Practices (TS-AWP). This is to ensure that the companies implement good employment practices for its senior workers.
- Click below for more information on:
SWEAG
https://www.wsg.gov.sg/docs/default-source/content/programmes-and-initiatives/senior-worker-early-adopter-grant-and-part-time-re-employment-grant-employers/sweag-ptrg-factsheet_20200701_epd_final.pdf
PTRG
Lean Enterprise Development (LED) Scheme
The LED scheme by MOM supports companies to become more manpower-lean, build a stronger Singaporean core and develop a better-quality workforce.
The scheme helps businesses identify and obtain funding from different agencies such as the EDG and PSG.
The scheme covers three broad areas:
- Capability development;
- Manpower development; and
- International market development.
Please click here for the application form.
Enhanced Training Support for SMEs
This SkillsFuture Singapore programme offers additional support to SMEs who face challenges in sending their employees for training.
Funding Level
- Higher Course Fee Grant: SMEs can enjoy SkillsFuture Funding of up to 90% of the course fees when they sponsor their employees to attend courses supported by SkillsFuture Singapore.
- Enhanced Absentee Payroll (AP) Funding: SMEs may claim AP funding of 95% of hourly basic salary at $4.50 per hour, capped at $100,000 per enterprise per calendar year
Criteria
SMEs intending to apply must meet the following criteria:
- Registered or incorporated in Singapore
- Employment size of not more than 200 or with annual sales turnover of not more than $100 million
SME-sponsored Trainees must meet the following criteria:
- Must be Singapore Citizens or Singapore Permanent Residents
- Courses have to be fully paid for by the employer
- Trainee is not a full-time national serviceman
Click >> here << for more details on training subsidies and grants.
Institute for Human Resource Professionals (IHRP) Certification
The IHRP Certification is a locally developed HR certification that will recognise the experience, skills and competencies of HR professionals in Singapore. The purpose of the IHRP Certification is to strengthen the HR standards of excellence in Singapore and offer a formal professionalisation of the HR function. This national HR certification framework comes at an opportune time as we can collectively build up the capabilities within the HR industry and be future-ready.
The IHRP Certification also facilitates the incorporation of Singapore’s employment legalisation and advisories (such as the Fair Consideration Framework) and more importantly, it is flexible to allow room for updates to the Framework in accordance with changes in the local HR landscape and practices.
Development Pathway
About the Programme
The 2-year IHRP Certified Associate (IHRP-CA) Programme provides a structured development pathway for new and aspiring HR Professionals towards IHRP-CP professional certification. This dynamic programme equips individuals with both HR knowledge and exposure to industry-leading practices. It also provides professionals and students that are not in HR to have opportunities to learn and apply emerging HR Skills.
The programme is part of IHRP’s Development Pathway targeted at HR Professionals who currently do not meet the eligibility criteria of the Experience Pathway. It is designed to equip IHRP Certified Associates (IHRP-CA) with application of HR knowledge and accelerate their readiness to take on bigger HR roles as an IHRP-Certified Professional (IHRP-CP).
The programme is made available to the following groups:
- Working Professionals (Non-HR Graduates, PMETs, Junior HR Specialists, HR Admin)
- Fresh HR Graduates
For more information, please visit www.ihrp.sg/ca
Human Resources Job Redesign Initiative (HR-JR)
The Human Resources Job Redesign Initiative (HR-JR) [formerly known as HR Tech Transformation Programme (HRTTP)] aims to support enterprises through HR process re-engineering, redesigning of impacted HR job(s) and managing HR job transitions. With strengthened processes and job redesign, HR professionals could spend more time on strategic HR to meet the organisation’s business objectives. Adopting HR technology could also enable a positive employee experience through the online delivery of HR services at their fingertips.
Benefits
- Increase job value and better job satisfaction through job enrichment or enlargement
- Improve productivity via work process review to streamline tasks & pivot to strategic HR
- Strengthen employee engagement and experience, as well as enhance employer branding
- Up to 70% funding for consultancy services, capped at $30,000 per enterprise
Who can apply?
All participating enterprises must fulfil the following criteria:
- Registered or incorporated and operating in Singapore; and
- Must have at least three local employees1at the point of application;
In addition to the criteria above, at the point of application, the applicant must not have:
- Made any payment to a pre-approved JR consultant or third party in relation to the engagement of JR-related consultancy service; and
- Signed or confirmed any contract or purchase order with a pre-approved JR consultant or third party in relation to the engagement of JR-related consultancy service
All applications will be evaluated on a case-by-case basis.
More details can be found here.
For Internationalisation
Market Readiness Assistance (MRA) Grant [Enhanced]
This Enterprise Singapore grant provides support for business development, promotion and set-up costs when companies expand into a new overseas market. The enhanced MRA grant cap of up to S$100,000 has been extended until 31 March 2025. The grant helps companies expand into new markets overseas by defraying the costs of overseas market promotion, business development and set-up.
Funding Level
Eligible businesses will receive support for up to 50% of eligible costs for local SMEs
For supported activities, capped at S$100,000 per company per new market, which include:
- Overseas market promotion (capped at S$20,000)
- Overseas business development (capped at S$50,000)
- Overseas market set-up (capped at S$30,000)
Each application is limited to one activity in a single overseas market.
Eligible employers may also qualify for additional subsidies under the SkillsFuture Enterprise Credits (SFEC) scheme.
Eligibility
- Business entity registered and operating in Singapore.
- Company has at least 30% local equity held directly or indirectly by Singaporean(s) and/or Singapore PR(s), determined by the ultimate individual ownership.
- New to target overseas market.
- The company’s annual sales in the target market must not have exceeded S$100,000 in any of the preceding three years.
- Company has a Group Annual Sales Turnover not exceeding S$100 million OR a Group employment size not exceeding 200 employees.
Click >> here << for more details.
Global Ready Talent Programme (GRT) [For Companies]
This Enterprise Singapore grant aims to build a pipeline of global-ready talent for Singapore enterprises through exposing more Singaporeans to internships and overseas work opportunities through local and overseas internships, or management associate programmes.
Funding Level
Singapore enterprises offering student internships or management associate programmes are eligible for up to 70% funding support on qualifying costs.
- Management associates: up to 70% funding support, capped at $50,000 per management associate annually for up to two years:
- Monthly basic salary, including 13-month Annual Wage Supplement
- Overseas package such as Cost of Living Allowance, Accommodation, Airfare and Pre-trip administrative costs (eg, visa application, travel insurance)
Eligibility – Management Associate Programme
- Incorporated in Singapore with minimum 30% local shareholding
- Financially able to start and complete the MA Programme
- Have existing overseas operations, positive business outlook and strong growth plans
- Possess strong human resource practices, especially in the areas of learning, development and talent management
- Demonstrate commitment towards leadership and talent development
- Willing to develop and invest in strategic overseas exposure for talent to gain deeper knowledge of Southeast Asia, China or India (minimum cumulative 12 months posting)
- Committed to train management associates through mentors or supervisors who offer guidance during the programme
Internship Programme
- For Singapore enterprises keen to train young talent through local and overseas internships
- Aimed at students from Institutes of Higher Learning, including Institutes of Technical Education (ITEs), Polytechnics and Universities
- Provides up to 70% funding support for SMEs
Eligibility for Internship Programme
- Incorporated in Singapore with minimum 30% local shareholding
- Financially able to start and complete the internship programme
- Possess strong human resource practices, especially in the areas of learning, development and talent management
- Able to offer interns the minimum monthly allowance, before funding:
- S$800 for ITE and Polytechnic students
- S$1,000 for university students
- Provide a mentor or supervisor to guide students over the course of the internship
- Only full-time internships are supported under GRT
- If offering overseas internships, ensure you have existing overseas operations, a positive business outlook and strong growth plans, and can allow interns to gain global market knowledge
Click here for more details on the Global Ready Talent Programme (GRT) (For Companies).
Other Available Grants
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1
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Enterprise Financing Scheme – for Mergers & Acquisition (M&A) Loans |
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2
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Encouraging Enterprise and Workforce Transformation
a. SkillsFuture Enterprise Credit (SFEC)
b. Enterprise Development Grant (EDG)
- Innovation and Productivity
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3
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Digitalisation and Innovation
a. SMEs Go Digital Programme
- Advanced Digital Solutions (ADS)
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4
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Productivity Solutions Grant (PSG) |
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5
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Internationalisation
- Singapore Global Enterprise
- Singapore Global Executive Programme
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