Enterprise Leadership for Transformation

The Enterprise Leadership for Transformation (ELT) is a one-year programme that supports business leaders of promising small and medium enterprises to develop business growth capabilities.

The programme helps leaders develop business growth plans that will take their enterprises to the next level. The ELT will be administered by a network of partners including Institutes of Higher Learning, financial institutions and industry experts who understand the unique challenges faced by small and medium enterprises. Eligible enterprises can qualify for up to 90% funding of programme fees.

Programme	Details
Executive Learning	Each cohort will start with a practical and modular executive learning programme to be completed within six months. You can benefit from: Shaping your perspectives to drive continued organisational change, especially in the areas of productivity and innovation Strengthening and adapting your business strategy for long-term growth Learning to identify, assess and develop new market segments to enhance competitiveness in a globalised world Fortifying your foundation on financial metrics to better evaluate business performance Boosting talent management strategies to attract, retain and uplift workforce Identifying strategies to go digital as a key asset for future growth Programme schedule may vary between Programme Managers.
Business Growth Plan Development	Over the subsequent months, experienced private-sector business advisors and industry experts will guide you through developing a customised business growth plan, catered to your enterprise’s unique needs and challenges.
Market Immersion	You will have the opportunity to go on a market immersion trip to discover regional opportunities, interact with other SMEs and explore potential collaborations. This will be conducted within the one-year programme.

Implementation Support

Upon the development of a business growth plan, you may continue to receive mentoring and support from the ELT partners for implementation.

Alumni Community

As part of the ELT alumni upon completion of the programme, you will be able to continually gain access to networking opportunities and resources from peers and industry experts.

Programme Managers¹		Programme Dates²
NUS Business School	NUS Business School has been delivering executive programs in English and in Mandarin since 1981, and counts over 47,000 leaders and senior managers who have participated in their executive programmes. NUS is ranked 11th in the QS World University Rankings for 2020 and 15th in the world by FT for 2020 for their MBA programme. Click here for more information on the ELT programme offered. Download the programme brochure here.	Feb/Mar 2021
Singapore Management University (SMU)	Singapore Management University (SMU) has built a strong reputation as an innovative and progressive management university with a well-established interactive pedagogy and strong links with business and industry. SMU Academy, with its pillars of Financial Services; Human Capital, Management & Leadership; Technology & Intelligent Systems; Service, Operations & Business Improvements; and Business Management leverages SMU’s reputation and linkages to prepare our workforce with the competencies and career resilience required for today’s rapidly changing world. Click here for more information on the ELT programme offered.	25 November 2020
Singapore University of Social Sciences (SUSS)	Singapore University of Social Sciences (SUSS) offers more than 70 undergraduate and graduate programmes, with a broad range of continuing education and training modular courses for professionals. The Centre for Continuing and Professional Education (CCPE) managed the Continuing Education and Training (CET) initiatives of SUSS. The Institute for Adult Learning (IAL), an autonomous institute of SUSS, brings its expertise and experience in adult learning and CET, while SUSS provides an ecosystem of resources and experts rooted in academic rigour. Click here for more information on the ELT programme offered.	12 November 2020

¹ The list of programme managers is updated as of 20 August 2020. More programme managers will be onboarded in the subsequent months.
² Programme dates are indicative and may be subject to change.

Programme Partners³

United Overseas Bank
HSBC

³ The list of programme partners is updated as of 25 June 2020. More programme partners may onboard in the subsequent months.

The ELT is suitable for business owners or leaders who have grown their businesses beyond S$5 million, with the commitment to bring their enterprises to the next stage and see through the programme.

You may choose to enrol one other member of the core management team into the programme.

Eligibility Criteria

Local business entity and shareholding of at least 30%
Latest fiscal year revenue of S$5 Million or more
At least one participant to be a Founder/Owner or Successor (FOS) of the business

Programme Fees

Course fee is approximately at S$30,000 per participant (before subsidy), depending on the programme manager.

To qualify for up to 90% funding of programme fees by Enterprise Singapore and SkillsFuture Singapore:
- Be an SME that is registered and physically present in Singapore
- Have at least 30% local equity held directly or indirectly by Singaporean(s) and/or Singapore PR(s), determined by the ultimate individual ownership
- Participant must be a Singaporean or Singapore PR
- Principal participant must be the founder, owner or successor of the enterprise and may nominate one more member from their core management team to attend the programme. Both participants will pay the programme fees.

The ELT also qualifies for additional subsidies under the SkillsFuture Enterprise Credits (SFEC) scheme if the companies fulfil the following criteria:

Have contributed at least S$750 Skills Development Levy over the qualifying period
Have employed at least three Singapore Citizens (SCs) or Permanent Residents (PRs) every month over the same period
Have not been qualified for SFEC at any of the earlier periods

The examples below illustrate the programme fees payable for qualifying participants.

Funding	Singapore Citizens (SC) /Singapore PRs	Non-Singaporeans
Full Course Fee	$30,000 + $2,100 GST	$30,000 + $2,100 GST
Nett Course Fee Payable at point of admission (90% course fee funding for eligible SMEs)	$3,630 (including GST)	$30,000 + $2,100 GST
Final Course Fee after SkillsFuture Enterprise Credits (SFEC) (For companies that qualify for additional SFEC subsidies, to be reimbursed after the one year programme is completed)	$930 (including GST)	N.A.

For the exact fees and other funding support available, please refer to SkillsFuture Singapore’s website or check in with the respective programme managers.

Note: Foreign enterprises⁴ and non-Singaporeans/Singapore PRs may also apply for the programme, but will not be eligible for the funding of programme fees.

⁴ A company is considered to be locally owned if it has more than 30% local shareholding. Companies with less than 30% shareholding will be considered as foreign-owned.

We are currently accepting applications for the November 2020 run. Interested companies should submit a fully completed form here to be considered for the programme.

Reference documents required for the application process:

UEN of company
Applicant's details including NRIC and Citizenship information
Company's financial statements from the most recent 3 years
CPF Form 90 with information for most recent 3 years
ACRA Bizfile (Within 6 months)
Applicant’s most recent resume/cv and other additional documents (Preferable)

Applications for the November 2020 run will close on 5 October 2020.

Note: Admission to the ELT is not guaranteed upon application. Applicants will go through a screening and selection process administered by Enterprise Singapore and ELT's Programme Managers. Only successful applicants will be invited to join the ELT.

For all other programme-related enquiries, kindly email us at elt@enterprisesg.gov.sg.