Are you a small and medium enterprise (SME) looking to attract young local talents from universities, polytechnics and the Institute of Technical Education (ITE)? The SME Talent Programme (STP) offers up to 70% funding support to help you defray the cost of the monthly stipend when you engage students through internships.
To make your internships meaningful for students, your programme should have mentoring opportunities with supervisors, as well as structured learning objectives based on requirements set by the respective educational institution.
A summary of the programme and funding support is available in the factsheet here.
You can engage a pool of young talent at an early stage. Interns may also be a part of your hiring strategy and can be offered job opportunities in your company when they graduate.
SMEs are eligible for up to 70% funding support to defray the cost of the internship stipend. Here is the minimum amount you should pay interns:
Tip: Engaging a SkillsFuture Mentor to support your supervisors will ensure a positive internship experience for students.
SMEs should meet the following criteria: