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4TIMESBUSINESSDIRECTORYOFSINGAPORE2023/2024GOVERNMENTDEVELOPMENTASSISTANCEPROGRAMMESFORALLSECTORSProgrammesDescriptionCapabilityTransferProgramme(CTP)GetfundingsupportfordevelopingandacquiringnewcapabilitiesfromforeignspecialistsEnhancedTrainingSupportPackage(ETSP)TheETSPisatime-limitedschemetocoverupto90%coursefeefunding(forselectedsectors)andupto$750/hrabsenteepayrollfundingforselectedsector-specifictrainingprogrammesbySSG-appointedtrainingpartnersforcoursesstartingbefore1Jan2022EnterpriseDevelopmentGrant(EDG)TheEDGhelps Singapore companies grow and transform This grant supportsprojects thathelp youupgradeyourbusinessinnovateorventureoverseasReceiveupto70%supportforeligiblecosts(upto80%from1April-31March2022)JobsGrowthIncentive(JGI)TheJGIwasannouncedon17August2020toencourageemployerstoacceleratetheirhiringoflocalworkforcefromSeptember2020toFebruary2021(inclusive)soastocreategoodandlong-termjobsforlocalsTheJGIwillprovideoneyearofsalarysupportfromthepointofhireforeachnewlocalhirebyemployers thatmanaged toincrease theirlocal workforce from September 2020 toFebruary 2021(inclusive)Itwasenhancedon5and15Octobertoprovidehighertiersofsupporttopersons-with-disabilitiesandexoffendersrespectivelyTobeeligiblefortheJGIfirmsmusthaveincreasedtheirlocalworkforceascomparedtoAugust2020Thismustbeaccompaniedbyanincreaseinlocalworkforceearningatleast$1400amonthascomparedtoAugust2020JobSupportScheme(JSS)ExtensionforemployersinTier1and2sectorsNoapplicationisrequiredReceive25%to75%ofthefirst$4600ofgrossmonthlywagespaidtoeachlocalemployeeThecashgrantwillbeautomaticallycomputedbasedonmandatoryCPFcontributiondataMarketReadinessAssistance(MRA)GrantSMEslooking to take theirbusinessoverseascanreceiveup to70%supportforeligiblecosts with theMRAgrantfrom1April2020-31March2023(upto80%from1April-31March2022)Part-TimeRe-employmentGrant(PTRG)Providesfundingsupporttocompaniesthatvoluntarilycommittoprovidingpart-timere-employmenttoalleligibleseniorswhorequestforitProductivitySolutionsGrant(PSG)ThePSGsupportsbusinessesintheadoptionofproductivitysolutionsBusinessescanchoosefromalistofpre-scopedsolutionsandreceiveupto80%fundingsupportforeligiblecostsfrom1April2020-31March2022SeniorWorkerEarlyAdopterGrant(SWEAG)Providesfundingsupporttocompaniesthatincreasetheirownretirementandre-employmentagesaheadofthelegislatedchangesSkillsFutureWork-StudyProgrammes(WSPs)BusinessescangroomandhirefreshtalentthroughWork-StudyProgrammesacrossCertificateDiplomaPost-DiplomaandDegreelevelsBusinesseswilljointlydesignanddeliverwithInstitutesofHigherLearning(IHLs)andappointedprivateprovidersFORSTARTUPSProgrammesDescriptionSpecialSituationFundforStartups(SSFS)SSFSprovidesfinancingsupportforpromisingstartupsbasedinSingaporebyinvestingprivatesectorco-investorsona11basisStartupSGEquityThegovernmentwillco-investwithqualified3rdpartyinvestorsintoeligibleSingapore-basedtechnologystartupswithIPandglobalmarketpotentialStartupSGFounderStartupSGFounderprovidesmentorshipandstartupcapitalgrantofS$30000tofirst-timeentrepreneurswithinnovativebusinessideasStartupsarerequiredtocommitS$10000asco-matchingfundtothegrantStartupSGTechStartupSGTechsupportsProof-of-Concept(POC)andProof-of-Value(POV)forcommercialisationofinnovativetechnologiesGRANTS