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26TIMESBUSINESSDIRECTORYOFSINGAPORE2024/2025GOVERNMENTDEVELOPMENTASSISTANCEPROGRAMMESFORALLSECTORS–ContdProgrammesDescriptionProgressiveWageCreditSchemeProvidestransitionalsupporttoemployersforProgressiveWagesmovesbyco-fundingwageincreasesoflower-wageworkersbetween2022and2026SeniorEmploymentCreditNoapplicationisrequiredTheSeniorEmploymentCreditprovideswageoffsetstohelpemployersthatemployworkersaged55andaboveadjusttothehigherRetirementAgeandRe-employmentAgeSkillsFutureforEnterpriseUserGuideCheckoutthe5keystepstogetstartedonyourSkillsFuturejourneySkillsFutureWork-StudyProgrammes(WSPs)BusinessescangroomandhirefreshtalentthroughWork-StudyProgrammesacrossCertificateDiplomaPost-DiplomaandDegreelevelsBusinesseswilljointlydesignanddeliverwithInstitutesofHigherLearning(IHLs)andappointedprivateprovidersStartDigitalSMEsnew tousing digital technology can adopt any 2 solutions egDigitalMarketingDigitalCollaborationAccountingHR/PayrollCybersecurityetcatnocostforatleast6months(min18monthscontract)StartupSGFounderStartupSGFounderprovidesmentorshipandstartupcapitalgrantofS$50000tofirst-timeentrepreneurswithinnovativebusinessideasStartupsarerequiredtocommitS$10000asco-matchingfundtothegrantSustainabilityReportingGrantContractmanufacturersand tradersneednotaccount forGSTon valueaddedactivitiessupplied tonon-GSTregisteredoverseascustomersoroverseaspersonsregisteredundertheOVRregimeasapay-onlypersonTechnologyforEnterpriseCapabilityUpgrading(T-Up)GetaccesstotalentsfromA*STARsResearchInstitutesandbuildin-houseR&DcapabilitiesUpliftingEmploymentCreditTheUpliftingEmploymentCreditprovideswageoffsetstoemployershiringex-offendersWaterEfficiencyFund(WEF)WEFprovidesfunding tolocalnon-domestic waterusers toenable them toimprove waterefficiency throughwaterefficiencyassessmentpilotstudyrecyclingadoptionofwaterefficientequipment&industrialwatersolutiondemonstrationprojectsFORSPECIFICSECTORSSectorProgrammesDescriptionAerospaceEnterpriseDevelopmentGrant(EDG)TheEDGhelpsSingaporecompaniesgrowandtransformThisgrantsupportsprojectsthathelpyouupgradeyourbusinessinnovateorventureoverseasReceiveupto70%supportforeligiblecostsAgricultureAgri-FoodClusterTransformation(ACT)FundTheAgri-FoodClusterTransformation(ACT)Fundsupportslocalfoodproducingcompaniesin theirefforts toexpandproductioncapabilitiesboostyieldraiseproductivitysustainabilityandimprovecircularityAgricultureEnterpriseDevelopmentGrant(EDG)TheEDGhelpsSingaporecompaniesgrowandtransformThisgrantsupportsprojectsthathelpyouupgradeyourbusinessinnovateorventureoverseasReceiveupto70%supportforeligiblecostsAirTransportEnterpriseDevelopmentGrant(EDG)TheEDGhelpsSingaporecompaniesgrowandtransformThisgrantsupportsprojectsthathelpyouupgradeyourbusinessinnovateorventureoverseasReceiveupto70%supportforeligiblecosts