Enterprise Leadership for Transformation

Overview
 

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
 
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
Nanyang Technological University (NTU) The Nanyang Technological University, Singapore (NTU) is ranked as overall 1st in the QS World University Rankings for young universities since 2015.

ELT by NTU, run by the Nanyang Technopreneurship Center (NTC), is committed to help transform your business through an entrepreneur-centric experiential learning approach.

NTC’s experience in the technological and digital space with a strong network of global alumni will provide a unique perspective for the success of your business growth.

Click here for more information on the ELT by NTU programme and to view upcoming programme dates.
NUS Business School NUS Business School has been delivering executive programmes to over 47,000 leaders and senior managers since 1981. NUS is ranked 11th in the QS World University Rankings for 2021 and 14th globally by FT for 2021 for their MBA programme.

Designed by CEOs and Academia, the ELT by NUS combines classroom learning with practical ‘doing’ right from the start for you.

The programme includes professors who are ranked top 2% globally in their fields of study and teach on internationally recognised NUS MBA/EMBA programmes. An advisor team consisting CEOs and senior growth leaders with global backgrounds will also share their experiences and mentor participants in this programme.

Click here for more information on the ELT by NUS programme and to view upcoming programme dates.
Singapore Management University (SMU) One of the leading universities in Asia, Singapore Management University (SMU) is internationally recognised for its world-class research and excellent teaching. SMU Academy offers adult learning for the workforce to gain necessary skills to stay relevant in a rapidly changing world.

The ELT by SMU offers a unique three-tiered pedagogy – Knowledge, Application, Empowerment, with an application-oriented learning experience and tailored mentorship for you. You can also learn strategies on overcoming the multi-generational mentality to take on new challenges and seize new opportunities for your business.

Click here for more information on the ELT by SMU programme and to view upcoming programme dates.
Singapore University of Social Sciences (SUSS) Singapore University of Social Sciences (SUSS) offers over 70 undergraduate and graduate programmes, with a broad range of continuing education and modular training courses for professionals.

The ELT by SUSS, managed by the Centre for Continuing and Professional Education (CCPE), emphasises practice over theory. You can expect to gain practical skills and participate in open discussions with classes conducted in a realistic boardroom setting. Access one-to-one mentorship for up to 6 months post-programme for the implementation of your strategic growth plan to take your business to the next level.

Click here for more information on the ELT by SUSS programme and to view upcoming programme dates.

 

1 The list of programme managers is updated as of 1 July 2021.


Programme Partners2

  • United Overseas Bank
  • HSBC Singapore
  • Citi Commercial Bank
  • DBS
2 The list of programme partners is updated as of 1 July 2021.
Who can apply
 

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.

Each company may nominate up to 2 leaders to jointly participate in the programme.

Eligibility Criteria

  • Local business entity and shareholding of at least 30%3
  • Latest fiscal year revenue of S$5 Million or more
  • At least one participant to be a Founder/Owner or Successor (FOS) of the business4

Programme Fees

Course fee is approximately 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/s 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.

3 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.

4 The principal participant must be the founder, owner or successor of the enterprise. The second participant may be of the same FOS profile; or be a nominated member of the company’s core management team. In all instances, both participants should demonstrate ownership of the company’s growth plans.

Apply
 

We are now accepting applications for 2021 Q3 intakes. Interested applicants may apply here.

Please be prepared to submit the following documents:

  • ACRA Bizfile (Within 6 months)
  • Company's financial statements of the most recent financial year
  • Most recent resume for each participant
  • Recent organisation chart (Should detail participant/'s position)

Other information will also be collected for the purposes of application (from the most recent 4 years), such as

  • Annual wage
  • Annual sales turnover, operating profits
  • Total number of employees
  • Participant details (NRIC, Education)

Supplementary documents should be attached within the form or submitted separately to elt@enterprisesg.gov.sg. Upon submission, the primary applicant will receive a copy of their form and a unique application number that may be requested for processing purposes. Should the applying company not receive this acknowledgement within 3 working days, please contact us immediately.

Note: Admission to the ELT is not guaranteed upon application. We seek your understanding that only fully completed applications will be processed, with eligible applicants invited for a selection interview by ELT's Programme Managers. Only successful applicants will be invited to join the ELT as there are limited places available.

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