Improve Business Capabilities and Leadership

Startup SG Founder

Greater support for more Singaporeans to pursue entrepreneurship and build a strong pipeline of innovative startups.

SUPPLEMENTARY BUDGET

Introduction of 3-month Venture Building programmes to support aspiring entrepreneurs’ journey in building innovative startups. Call for applications will be launched by August 2020.
Grant quantum will be raised from $30,000 to $50,000.
Co-matching amount that the entrepreneur needs to inject into his/her startup will be lowered from 1:3 to 1:5.
Effective from September 2020.

Digital Resilience Bonus

Support for businesses to improve competitiveness and productivity through digitalisation, and adapt to safe management practices.
As a pilot, the Bonus will target businesses in F&B and Retail that are most affected by safe distancing requirements.
Eligible businesses will receive up to S$10,000 if they adopt baseline digital solutions such as PayNow Corporate and e-invoicing, as well as digitalise business processes, create online channels and implement data mining and analytic solutions.

Enterprise Leadership for Transformation (ELT)

One-year programme that supports business leaders of promising SMEs to acquire business growth and transformation capabilities through executive training, and to develop and implement a business growth plan.
Offers access to an alumni network for peer learning and collaboration.
ELT will be delivered by a network of knowledge partners, financial institutions, and experienced industry partners.

SkillsFuture Enterprise Credit

A one-off S$10,000 credit will help eligible employers cover up to 90% of out-of-pocket expenses for eligible enterprise or workforce transformation schemes.
Employers who have contributed at least S$750 Skills Development Levy (SDL) in total in the preceding 12 months and have at least three Singapore Citizens or Permanent Residents (SC/PR) employed in each of the preceding 12 months will automatically qualify for the credit and be informed.
Valid from 1 April 2020 to 30 June 2023.

Productivity Solutions Grant (PSG)

Greater support for more sector-specific solutions and a wider range of pre-scoped solutions for businesses beyond IT solutions and equipment.
Expanded scope to include job redesign consultancy services.

SUPPLEMENTARY BUDGET

Maximum support level will be raised from 70% to 80% from 1 April 2020 to 30 September 2021.
Expanded scope of solutions to help enterprises implement COVID-19 business continuity measures. Valid till 31 December 2020.
- Online collaboration tools
- Virtual meeting and telephony tools
- Queue management systems
- Temperature screening solutions

Enterprise Development Grant (EDG)

SUPPLEMENTARY BUDGET

Maximum support level will be raised from 70% to 80% from 1 April 2020 to 30 September 2021.
Unionised enterprises and e2i partners under the Labour Movement are eligible to receive an additional 10% funding support, subject to NTUC e2i’s assessment.

Learn more about the Singapore Budget 2020.
Overcoming challenges, emerging stronger - discover government initiatives and schemes that will help transform your business.

Supplementary Budget 2020

Learn about the additional measures introduced to help businesses cope with immediate COVID-19 challenges, and press on with enterprise and workforce transformation for long-term growth.

Useful Resources

Budget 2020 at a Glance
Find out how new measures will help your business and team prepare for long-term growth and emerge stronger.

Supplementary Budget Summary
Find out how the enhanced measures aim to save jobs and help enterprises overcome immediate challenges.