Go Global

• The initiative will scale up Singapore Business Federation’s capabilities and resources in Singapore and overseas to facilitate market access for companies through market advisory and in-market business connections for Singapore companies.

Launching in April 2020. For more information, please contact GlobalConnect@SBF at globalconnect@sbf.org.sg or at +65 6701 1133

• Business can get a headstart in going global. Get support to leverage digital platforms and channels for access to a larger pool of consumers overseas, and to test new markets. Businesses will also receive training and support to enhance their e-commerce capabilities.

More details will be announced in Q2 2020.

• Companies can look forward to support for in-depth FTA consultancy and overseas business development. To support more local companies to go overseas, the grant will be enhanced:
  • Removal of the cap on two applications per company per year.
  • Grant cap will be increased from S$20,000 per year, to S$100,000 per new country over three years.
  • 70% support level will be extended by three years to 31 March 2023.

• Maximum support level will be raised from 70% to 80% from 1 November 2020 to 30 September 2021.
• Programme will extend support to include businesses’ participation in virtual trade fairs.

• DTDi will be extended by five years to 31 December 2025. The scheme will be expanded to include:
  • Support for third party consultancy costs to identify suitable talent and build business networks.
  • Broadened scope of overseas business mission support.

• Additional funding will be allocated to support a greater number of overseas internship placements in ASEAN, China and India.
• For overseas internships, the fixed monthly subsistence allowance will be increased from S$600 to S$800.
• Additional funding support of up to S$800 will be provided to students on internships to cover pre-trip administrative travel expenses.

Effective from Q2 2020. For more information on the GRT, visit www.enterprisesg.gov.sg/GRT.