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5TIMESBUSINESSDIRECTORYOFSINGAPORE2023/2024GOVERNMENTDEVELOPMENTASSISTANCEPROGRAMMESFORALLSECTORSProgrammesDescriptionOperation&TechnologyRoadmap(OTR)DevelopmentoftechnologyroadmapstomapoutprioritiesthatarealignedtobusinessesstrategiesanddevelopmentalplansEligibleSMEsmayreceiveupto70%fundingsupportStartDigitalSMEsthatarenewtousingdigitaltechnologycantakeupanytwodigitalsolutionsatnocostforatleast6monthswithinaminimum18-monthcontractperiodfromsupportablecategoriesWaterEfficiencyFund(WEF)WEFprovidesfunding tolocalnon-domestic waterusers toenable them toimprove waterefficiency throughwaterefficiencyassessmentpilotstudyrecyclingadoptionofwaterefficientequipment&industrialwatersolutiondemonstrationprojectsLocalEnterpriseandAssociationDevelopment(LEAD)ProgrammeTACskeentodrivecapabilitydevelopmentandinternationalisationprojectscantaponLEADprogrammeLEADsupportsupto70%ofeligiblecostsforqualifyingprojectsGrowDigitalSMEsthatarereadytoselloverseascanreceivefundingsupportwhentheyparticipateinpre-approvedBusiness-to-Business(B2B)andBusiness-to-Consumer(B2C)e-commerceplatformswithglobalorregionalreachCitrep+BuildICTtechnicalskillsforyouremployeesinareassuchascybersecuritydataanalyticsnetworkandinfrastructureandsoftwaredevelopmentFundingsupportofupto90%Company-LedTraining(CLT)ProgrammeCLTacceleratesprofessionaldevelopmentthroughon-the-jobtrainingprogrammeforfreshtomid-levelprofessionals acquiringcompetencies for jobsindemandbyindustryespecially theDigitalEconomysectorEnterpriseLeadershipforTransformation(ELT)TheELTisaone-yearprogrammethatsupportsbusinessleadersofpromisingSMEstodevelopbusinessgrowthcapabilitiesSuccessfulapplicationswillqualifyforupto90%co-fundingofprogrammefeesEmploymentSupportforEx-OffendersThisprogrammesupportscompaniestotaponex-offendersasanalternativepooloftrainedandskilledworkersEmploymentSupportforPersonswithDisabilitiesHiretrainandintegratePersonswithDisabilitiesintotheworkforceReceivecoursefeesubsidiesofupto90%forSGEnableslistofcuratedtrainingcoursesP-MaxFundingsupportforSMEstobetterrecruitmanageandretainnewly-hiredlocalPMETsP-MaxforOlderWorkersFundingsupportforSMEstobetterrecruitmanageandretainnewly-hiredSingaporeCitizenPMETswhoareaged50yearsandaboveP-MaxLiteFundingsupportforSMEstolearnandimprovetheirHRpracticeswithintheorganisationEnhancedTrainingSupportforSMEs(ETSS)TheETSSoffershighercourse feegrantofup to90%of thecourse fees and absenteepayroll fundingof80%ofbasichourlysalaryatahighercapof$750perhourforSMEssigningupforSSG-supportedcoursesOperationsManagementInnovationProgramme(OMNI)OMNIis a jointinitiativebetweenSIMTech andSkillsFutureSingapore(SSG) to trainin-housechampions tosystematicallyintegratebusinessoperationmanagementandproductivityimprovementthroughtheOMNImethodologyDesignThinkingBusinessTransformationProgrammeTheprogrammeaimstosupportcompaniesintheirbusinesstransformationandinnovationcapabilitiesCompanieswillbetrainedinthedesignthinkingprocesswithmentoringsessionsoverthe6-monthprogrammeSeniorEmploymentCreditNoapplicationisrequiredTheSeniorEmploymentCreditprovideswageoffsetstohelpemployersthatemployworkersaged55andaboveadjusttothehigherRetirementAgeandRe-employmentAgeSkillsFutureEnterpriseCredit(SFEC)NoapplicationrequiredTheSFECaimstoencourageemployerstoinvestinbothenterpriseandworkforcetransformationEligibleemployerswillreceive$10000credittocoverupto90%out-of-pocketexpensesonqualifyingcostsWageCreditSchemeNoapplicationisrequiredThegovernmentprovidesco-fundingofwageincrementsforSingaporeanemployeesearningagrossmonthlywageofupto$5000–Contd