Page 16 - BM2223 eBOOK 26Aug22-v2

GOVERNMENT DEVELOPMENT ASSISTANCE PROGRAMMES
TIMES BUSINESS DIRECTORY OF SINGAPORE 2022/2023
GRANTS
FOR STARTUPS
Programmes
Description
Special Situation Fund for Startups (SSFS)
SSFS provides financing support for promising startups based in Singapore, by investing private sector co-investors on a 1:1 basis.
Startup SG Equity
The government will co-invest with qualified 3rd party investors into eligible Singapore-based technology startups with IP and global market potential.
Startup SG Founder
Startup SG Founder provides mentorship and startup capital grant of S$30,000 to first-time entrepreneurs with innovative business ideas. Startups are required to commit S$10,000 as co-matching fund to the grant.
Startup SG Tech
Startup SG Tech supports Proof-of-Concept (POC) and Proof-of-Value (POV) for commercialisation of innovative technologies.
FOR ALL SECTORS
Programmes
Description
Capability Transfer Programme (CTP)
Get funding support for developing and acquiring new capabilities from foreign specialists.
Enhanced Training Support Package (ETSP)
The ETSP is a time-limited scheme to cover up to 90% course fee funding (for selected sectors) and up to $7.50/hr absentee payroll funding for selected sector-specific training programmes by SSG-appointed training partners for courses starting before 1 Jan 2022.
Enterprise Development Grant (EDG)
The EDG helps Singapore companies grow and transform. This grant supports projects that help you upgrade your business, innovate or venture overseas. Receive up to 70% support for eligible costs. (up to 80% from 1 April - 31 March 2022)
Jobs Growth Incentive (JGI)
The JGI was announced on 17 August 2020 to encourage employers to accelerate their hiring of local workforce from September 2020 to February 2021 (inclusive), so as to create good and long-term jobs for locals. The JGI will provide one year of salary support from the point of hire for each new local hire by employers that managed to increase their local workforce from September 2020 to February 2021 (inclusive). It was enhanced on 5 and 15 October to provide higher tiers of support to persons-with-disabilities and ex- offenders, respectively.
To be eligible for the JGI, firms must have increased their local workforce, as compared to August 2020. This must be accompanied by an increase in local workforce earning at least $1,400 a month, as compared to August 2020.
Job Support Scheme (JSS) Extension for employers in Tier 1 and 2 sectors
No application is required. Receive 25% to 75% of the first $4,600 of gross monthly wages paid to each local employee. The cash grant will be automatically computed based on mandatory CPF contribution data.
Market Readiness Assistance (MRA) Grant
SMEs looking to take their business overseas can receive up to 70% support for eligible costs with the MRA grant from 1 April 2020 - 31 March 2023. (up to 80% from 1 April - 31 March 2022).
Part-Time Re-employment Grant (PTRG)
Provides funding support to companies that voluntarily commit to providing part-time re-employment to all eligible seniors who request for it.
Productivity Solutions Grant (PSG)
The PSG supports businesses in the adoption of productivity solutions. Businesses can choose from a list of pre-scoped solutions and receive up to 80% funding support for eligible costs from 1 April 2020 - 31 March 2022
Senior Worker Early Adopter Grant (SWEAG)
Provides funding support to companies that increase their own retirement and re-employment ages ahead of the legislated changes.
SkillsFuture Work-Study Programmes (WSPs)
Businesses can groom and hire fresh talent through Work-Study Programmes across Certificate, Diploma, Post-Diploma, and Degree levels. Businesses will jointly design and deliver with Institutes of Higher Learning (IHLs) and appointed private providers.
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