Improve Business Capabilities and Leadership

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

• 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.

• 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.

For more information, please contact IMDA at info@imda.gov.sg.

• 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.

• 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.

• 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.

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

• Maximum support level will be raised from 70% to 80% from 1 April 2020 to 31 December 2020.
• For firms that are most severely impacted by COVID-19, the maximum support level can be further raised to 90% on a case-by-case basis.
• Unionised enterprises and e2i partners under the Labour Movement are eligible to receive an additional 10% funding support, subject to NTUC e2i’s assessment.