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8TIMESBUSINESSDIRECTORYOFSINGAPORE2023/2024GOVERNMENTDEVELOPMENTASSISTANCEPROGRAMMESFORSPECIFICSECTORSSectorProgrammesDescriptionFinancialServicesFinancialTrainingScheme(FTS)TheFTSprovidesfundingforfinancialsector-specifictrainingprogrammeswhicharerecognizedunderFTSwithagrantcapof$2000perparticipantperprogrammeFinancialServicesGrantforEquityMarketSingapore(GEMS)-ListingGEMS(listing)helpstoencouragepotentialissuerstolistontheSingaporeExchange(SGX)byco-fundingpartoftheeligiblelistingexpensesFinancialServicesGrantforEquityMarketSingapore(GEMS)-ResearchInitiativeTheResearchInitiativeGrantisearmarkedtofundcrowd-sourcedinitiativesthatwillpropelthedevelopmentofSingaporesequityresearchecosystemFinancialServicesGrantforEquityMarketSingapore(GEMS)-ResearchTalentDevelopmentGEMS(research)encourageFinancialInstitutions(FIs)basedinSingaporetohireequityresearchprofessionalsbyco-fundinghiringcostsofequityresearchanalystsFinancialServicesDigitalAccelerationGrant(DAG)-IndustryPilotDAGschemesupportsjointprojectsbymultipleSingapore-basedFinancialInstitutions(FIs) to customise an existing solution with a solutionprovider toimproveproductivitystrengthenoperationalresiliencemanagerisksbetterandservecustomersbetterFinancialServicesDigitalAccelerationGrant(DAG)-InstitutionProjectDAGschemesupportsSingapore-basedFinancialInstitutions(FIs)andFintech firmsin adopting digital solutions toimproveproductivity strengthenoperationalresiliencemanagerisksbetterandservecustomersbetterFinancialServicesInstituteofBankingandFinanceStandardsTrainingScheme(IBF-STS)TheIBF-STSprovidesfundingforprogrammesaccreditedundertheIBFstandardswithagrantcapof$7000perparticipantperprogrammeFinancialServicesInternationalPostingsProgramme(iPOST)TheiPOSTinitiativehelpsFinancialInstitutions(FIs)defraypartofthecostsincurredinsendingSingaporecitizenstaffonglobalandregionalattachmentsorpostingsFinancialServicesArtificialIntelligenceandDataAnalytics(AIDA)GrantTheAIDAgrantsupportsprojectsthatdemonstrateadoptionofartificialintelligence(AI)&dataanalytics(DA)techniquesthatachievebusinessobjectivesofstrategy&decisionmakingwithworkforceimpactaswellasappliedresearchprojectsinAIandDAforSingaporesfinancialsectorFinancialServicesProof-of-Concept(POC)GrantThePOCgrantsupportsupto50%ofqualifyingcostsforprojectswhichaimtodevelopanovelconceptofresolvingindustry-wideproblemsusingtechnologyorbusinessprocessesMaximumsupportofupto$200000Food&Beverage(F&B)HealthierDiningGrantTheHealthierDiningGrantisafundingschemewhichempowersHealthierDiningProgrammePartnerstopromotehealthiermenuoptionsFood&Beverage(F&B)HealthierDiningInnovationGrant(HDI)HDIisafundingschemeofupto$5000forF&BoperatorstotaketheirfirststeptowardscapabilityupgradinginfourareasResearch&development(R&D)PurchaseofHealthierIngredientsCulinaryTrainingandRecipeReformulationFood&Beverage(F&B)HealthierIngredientDevelopmentScheme(HIDS)HIDSincentivises foodingredientmanufacturers/suppliers to developgreatervarietiesofhealthieringredientsandtopromotetheiradoptionamongF&BbusinessesandconsumersTheschemefundsupto80%qualifyingprojectcostscappedat$500000Food&Beverage(F&B)HealthierIngredientPromotionScheme(HIPS)HIPSincentivisesfoodingredientmanufacturers/supplierstopromotetheadoptionofhealthieringredientsamongF&BbusinessesandconsumersTheschemefundsupto80%qualifyingprojectcostscappedat$300000–Contd