Emerging Stronger Together - Supporting Our Businesses - MTI

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Emerging Stronger Together
 Supporting Our Businesses
BUDGET 2021

                                                                                   Foreword

                                            Deputy Prime Minister, Coordinating Minister for Economic Policies, and Minister for Finance
Contents                                    Heng Swee Keat delivered the 2021 Budget Statement in Parliament on 16 February 2021 and
                                            announced various schemes to support Singaporeans, workers and businesses.

                                            We have transitioned our broad-based support to more targeted ones for firms, especially
01   Foreword                               those in the hardest-hit sectors. A series of measures have been introduced to preserve core
                                            capabilities and the focus has shifted from job retention to job creation in growth sectors.

                                            We have also been encouraging businesses to transform by helping them digitalise, adopt new
02   COVID-19 Relief Measures               technology, innovate, collaborate and gain access to global markets.

02    Credit
                                            The focus of Budget 2021 is on Emerging Stronger Together. This is the window of opportunity
03    Cashflow                              to position ourselves for a different world, post-COVID-19. We will act to secure a better future,
                                            with innovative businesses and good jobs for Singaporeans. Three key enablers – the spirit of
03    Cost                                  innovation and enterprise, financial capital, and human capital – will help us to create innovative
                                            businesses, good and meaningful jobs and opportunities, rising incomes, and confidence about
                                            our collective future. Companies can find details of the relevant schemes in this booklet.

04   Deepening Capabilities to Seize        The Government will continue to work closely with our businesses, workers and industry
     Opportunities and Build Resilience     partners to build our economic resilience. Together, we will overcome this crisis and emerge
                                            stronger.
06    Business Development and Leadership

09    Internationalisation

12    Jobs and Skills

16    Digitalisation

19    Innovation

22    Sustainability

24   Additional Resources
24    SME Centres

25    Centres of Innovation

                                                                                                                                                  1
BUDGET 2021

    COVID-19 Relief                                             Credit                                                  Temporary Bridging Loan
                                                                                                                        Programme (TBLP)
                                                                                                                                                                      Cost

    Measures                                                    Enterprise Financing Scheme –
                                                                                                                        The TBLP was introduced in Budget 2020
                                                                                                                                                                      Foreign Worker Levy (FWL) Rebate
                                                                Trade Loan (EFS-TL)                                     to provide additional working capital         Firms in the Construction, Marine Shipyard
    The Government has introduced                                                                                       support for enterprises.
                                                                The EFS-TL (formerly known as Loan                                                                    and Process (CMP) sectors can receive FWL
    additional measures to support                                                                                      • The TBLP has been extended for              rebates from April 2020 to December 2021
                                                                Insurance Scheme Plus) supports
    businesses and to preserve jobs and                         enterprises’ trade financing needs. It was                another six months, from 1 April 2021       ($90 for each Work Permit holder from
    livelihoods.                                                earlier enhanced in April 2020 to provide                 to 30 September 2021.                       October 2020 to December 2021).
                                                                higher Government risk-share of 90% and                 • The maximum loan quantum is $5
                                                                higher maximum loan quantum of $10                        million till 31 March 2021. It will be
                                                                million.                                                  lowered to $3 million from 1 April 2021
                                                                • The enhanced EFS-TL has been                            to 30 September 2021.                          Sectoral Packages
                                                                  extended for another six months, from                 • The Government’s risk-share of loans
                                                                  1 April 2021 to 30 September 2021.                      is 90% till 31 March 2021. It will be          Additional support will be provided to
                                                                • The maximum loan quantum will                           lowered to 70% from 1 April 2021 to 30         hard-hit sectors to help businesses preserve
                                                                  remain at $10 million from 1 April 2021                 September 2021.                                core capabilities and emerge stronger.
                                                                  to 30 September 2021.                                                                                  Businesses may approach the relevant
                                                                • The Government’s risk-share of loans                  Cashflow                                         agencies for further information.
                                                                  will be lowered to 70% from 1 April
                                                                  2021 to 30 September 2021.                            Jobs Support Scheme (JSS)          Extended      • Arts & Culture Resilience Package (Ministry of
                                                                                                                                                                           Culture, Community and Youth/ National Arts
                                                                                                                        The JSS was introduced in Budget 2020              Council) Enhanced
                                                                Enterprise Financing Scheme –                           to provide wage support for employers
                                                                Project Loan (EFS-PL)                                   to retain their local employees during           • SingapoRediscovers Vouchers (Singapore
                                                                                                                        this period of economic uncertainty. It            Tourism Board)
                                                                The EFS-PL has been enhanced from 1
                                                                January 2021 to 31 Mar 2022 to support                  has been extended for firms in Tier 1 and        • Sports Resilience Package (Ministry of Culture,
                                                                project loans for domestic construction                 2 sectors by up to six months, covering            Community and Youth/ SportSG) Enhanced
                                                                projects, in addition to overseas projects.             wages paid up to September 2021.
                                                                                                                        • Tier 1 sectors (Aviation, Aerospace and        • Tourism Development Grants (Singapore
                                                                • The maximum loan quantum for
                                                                                                                          Tourism) that are currently receiving            Tourism Board) Enhanced
                                                                  domestic project loans is $30 million.
                                                                                                                          50% JSS support, will receive 30%
                                                                • The Government’s risk-share of loans is                 support for wages paid from April to
                                                                  up to 70%.                                              June 2021 and 10% support for wages
                                                                                                                          paid from July to September 2021.
                                                                Special Situation Fund for                              • Tier 2 sectors (e.g. Food Services,
                                                                Startups (SSFS)                                           Retail, Marine & Offshore, and Arts
                                                                                                                          and Entertainment) that are currently
                                                                $285 million has been set aside for
                                                                                                                          receiving 30% JSS support will receive
                                                                the Government to invest in selected
                                                                                                                          10% support for wages paid from April
                                                                startups with private sector co-investors
                                                                                                                          to June 2021.
                                                                on a 1:1 basis. This is to sustain startup
                                                                innovation and entrepreneurship                         • Tier 3A sectors will continue to receive
                                                                activities during the COVID-19                            10% JSS support for wages paid from
                                                                pandemic. The scheme will end when                        September 2020 to March 2021.
                                                                the funds are fully committed, or by 31                 • Employers that are not allowed to
                                                                October 2021, whichever is earlier.                       resume on-site operations currently
                                                                                                                          receive Tier 1 JSS support for wages
                                                                                                                          paid up to March 2021. For wages paid
                                                                                                                          from April 2021 onwards, JSS support
      Legend              MNCs and LLEs               Small and Medium Enterprises                 Micro Enterprises
                                                                                                                          will revert to the firms’ base JSS tier.
      *Key initiatives are designed to address businesses’ needs and businesses of any size can tap on any initiative
      where eligible.
2                                                                                                                                                                                                                     3
BUDGET 2021                                                                                                                                                                                                                              BUDGET 2021

      Deepening Capabilities to Capture Opportunities and Build Resilience
      The Government is committed to supporting our businesses through the short-term                                                         The Government will continue to provide support for businesses to build capabilities at
      challenges while working with them to build up capabilities to be better prepared for the                                               every stage, for every size of company and every business goal. Businesses can do their
      recovery.                                                                                                                               part by developing their business plans and goals.

                                                                                                                                              • A*STAR Partners’ Centre @ Suzhou           • Investment Allowance for Emissions
                                                                                                                                                Industrial Park (SIP) (A*PC)                 Reduction (IA-ER)
Support for businesses at every                                                                                                               • Capability Transfer Programme              • Jobs Growth Incentive (JGI)
stage, for every size                                                                                                                         • Corporate Venture Launchpad                • Jobs Support Scheme (JSS)
and for every business goal.                                                Revenue:                                     New or               • Digital Leaders Programme                  • Open Innovation Platform (OIP)
                                                                                                                                              • Double Tax Deduction for                   • Scale-up SG
                                                MNCs                        >S$100mil                                   Enhanced
                                                                                                                                                Internationalisation (DTDi)                • SGUnited Traineeships (SGUT) / SGUnited
                                               and LLEs                                                                                       • Emerging Technology Programme                Mid-Career Pathways Programmes (SGUP)
                                                                                                                                              • Enterprise Development Grant (EDG)         • SkillsFuture Work-Study Programmes
                                                                                                                                              • Enhanced Training Support Package          • Southeast Asia Manufacturing Alliance (SMA)
                                                                                                                                              • Enterprise Financing Scheme (EFS)          • Wage Credit Scheme
                                                                                                                                              • Global Innovation Alliance (GIA)

                                                                                                                                                   • 100% Investment Allowance                     • Investment Allowance for Emissions
                                               Medium                                 Revenue:                                                     • A*STAR Partners’ Centre @ Suzhou                Reduction (IA-ER)
                                              Enterprises                             S$10mil - S$100mil                                             Industrial Park (SIP) (A*PC)                  • Jobs Growth Incentive (JGI)
                                                                                                                                                   • Capability Transfer Programme                 • Jobs Support Scheme (JSS)
                                                                                                                                                   • Chief Technology Officer-as-a-Service         • Market Readiness Assistance (MRA)
                                                                                                                                                     (CTOaaS)                                      • Open Innovation Platform (OIP)
                                                                                                                                    New or         • Corporate Venture Launchpad                   • Productivity Solutions Grant (PSG)
                                                                                                                                   Enhanced        • Digital Leaders Programme                     • Scale-up SG
                                                                                                                                                   • Double Tax Deduction for                      • SGUnited Traineeships (SGUT) / SGUnited
                                                                                                                                                     Internationalisation (DTDi)                     Mid-Career Pathways Programmes (SGUP)
                                                                                                                                                   • Emerging Technology Programme                 • SkillsFuture Work-Study Programmes
                                                                                                   Revenue:                                        • Enhanced Training Support Package             • SME Centre Enhancement – Specialist
                                         Small Enterprises                                         S$1mil - S$10mil                                • Enterprise Development Grant (EDG)              Advisors
                                                                                                                                                   • Enterprise Financing Scheme (EFS)             • Southeast Asia Manufacturing Alliance
                                                                                                                                                   • Enterprise Sustainability Programme (ESP)       (SMA)
                                                                                                                                                   • Global Innovation Alliance (GIA)              • Wage Credit Scheme

                                                                                                                                                         • A*STAR Partners’ Centre @ Suzhou             • Jobs Growth Incentive (JGI)
                                                                                                                                                           Industrial Park (SIP) (A*PC)                 • Jobs Support Scheme (JSS)
                                                                                                                                                         • Capability Transfer Programme                • Open Innovation Platform (OIP)
                                                                                                                                                         • Chief Technology Officer-as-a-Service        • Productivity Solutions Grant (PSG)
                                                                                                                Revenue:                                   (CTOaaS)                                     • SGUnited Traineeships (SGUT) / SGUnited
                                          Micro Enterprises                                                                              New or
BUDGET 2021

    Business                                                    Enterprise Development Grant
                                                                (EDG) Enhanced
                                                                                                                        Enterprise Leadership for
                                                                                                                        Transformation (ELT)
                                                                                                                                                                   National Centre of Excellence for
                                                                                                                                                                   Workplace Learning (NACE)
    Development and                                             • Businesses can tap on support for                     • Supports business leaders of             Supports companies to build their
                                                                                                                          promising SMEs in achieving the next
    Leadership                                                    projects in three key areas - core
                                                                  capabilities, innovation and productivity,              bound of growth, through structured
                                                                                                                                                                   in-house and workplace learning
                                                                                                                                                                   capabilities, as well as certify workplace
                                                                  and internationalisation.                               modular training in business growth      trainers using best-in-class training
    Build and enhance management and                            • Enhanced support to cover up to 80% of                  capabilities and business coaching in    practices through customised solutions.
    enterprise capabilities to grow the                           qualifying costs has been extended until                developing a business growth plan.
    business.                                                     31 Mar 2022.                                          • Offers access to an alumni network
                                                                                                                          for peer learning and collaboration.
                                                                                                                                                                   PACT Programme
                                                                • Unionised enterprises and Employment
                                                                  and Employability Institute (e2i) partners            • The ELT is delivered by a network        Supports mutually beneficial
                                                                  under the Labour Movement can qualify                   of partners including Institutes of      collaborations between companies
                                                                  for an additional 10% funding, subject to               Higher Learning (IHLs), financial        driven by a lead enterprise, to build
                                                                  NTUC-e2i’s endorsement.                                 institutions, and industry experts.      capabilities, innovate and pursue new
                                                                                                                                                                   business opportunities in local and
                                                                                                                        Executive-in-Residence                     overseas markets. Funds up to 70% of
                                                                Enterprise Financing Scheme (EFS)
                                                                                                                                                                   qualifying costs.
                                                                  Enhanced
                                                                                                                        Supports trade associations and
                                                                                                                        business chambers in engaging
                                                                • Provides support for businesses at                                                               Scale-up SG     Enhanced
                                                                                                                        experienced professionals with
                                                                  various stages of growth to access
                                                                                                                        relevant expertise, and matches            Enhanced support to cover up to 80% of
                                                                  financing.
                                                                                                                        them to businesses to assist in            qualifying costs has been extended until
                                                                • EFS covers six different areas – working
                                                                                                                        transformation, capability building, and   31 Mar 2022.
                                                                  capital, fixed assets, venture debt, trade,
                                                                                                                        internationalisation efforts.
                                                                  projects, and mergers & acquisitions.
                                                                • Stronger support for young businesses.                                                           SkillsFuture Enterprise Credit (SFEC)
                                                                                                                        GoBusiness Gov Assist e-Adviser
                                                                Refer to pg 2-3 for details on Temporary                                                           Please refer to full description on pg 14.
                                                                Bridging Loan Programme (TBLP) and                      The e-Adviser guides businesses to
                                                                enhancements to EFS-Trade Loan and EFS-                 relevant assistance schemes via a series
                                                                Project Loan.                                           of questions based on their business
                                                                                                                        profile and needs.
                                                                The maximum loan quantum supported
                                                                for EFS-Venture Debt will be raised from $5             Heartland Enterprise Upgrading
                                                                million to $8 million.                                  Programme (HEUP)
                                                                                                                        An integrated support package for
                                                                                                                        selected Merchants’ Associations to
                                                                                                                        implement holistic precinct rejuvenation
                                                                                                                        plans, through infrastructural
                                                                                                                        improvements, place-making activities,
                                                                                                                        capability upgrading projects, and
                                                                                                                        training for businesses and workers.

      Legend              MNCs and LLEs               Small and Medium Enterprises                 Micro Enterprises

      *Key initiatives are designed to address businesses’ needs and businesses of any size can tap on any initiative
      where eligible.
6                                                                                                                                                                                                                7
BUDGET 2021                                                                                                                                                                                    BUDGET 2021

    SkillsFuture Leadership
    Development Initiative
                                                                 Support for Job Redesign under
                                                                 Productivity Solutions Grant (PSG)
                                                                                                                         Internationalisation              A*STAR Partners’ Centre @
                                                                                                                                                           Suzhou Industrial Park (SIP)
    (SkillsFuture LDI)                                             Enhanced
                                                                                                                         Venture overseas and seize        (A*PC) New
    Businesses can leverage on SkillsFuture                      Please refer to full description of PSG
                                                                                                                         opportunities from regional and   • A*PC supports “regional-ready”
    LDI to develop and/or enhance their                          on pg 17.                                               global markets.                     Singapore enterprises as they embark
    in-house leadership development                                                                                                                          on R&D and commercialisation in
    programmes (for example overseas                             Provides enterprises with funding                                                           China via Suzhou Industrial Park (SIP),
    assignments and cross-functional                             support to work with pre-approved                                                           with the aim to capture opportunities
    rotations) to expand their pipeline of                       job redesign consultants to redesign                                                        in Jiangsu and the greater Yangtze
    Singaporean talent.                                          work processes, tasks, duties and                                                           River Delta (YRD) region.
                                                                 responsibilities to support business                                                      • A*PC’s partner companies can
                                                                 transformation needs.                                                                       leverage A*STAR’s scientific
    SkillsFuture Queen Bee (SFQB)                                                                                                                            expertise and capabilities to build
                                                                 • From 16 Feb 2021 to 31 Mar 2022,
    Please refer to full description on pg 15.                      PSG-JR will be enhanced to provide                                                       R&D competencies and co-develop
                                                                    stronger support for employers to                                                        technologies with A*STAR in
                                                                    engage pre-approved job redesign                                                         Singapore, focusing on areas such as
    SME Centre Enhancement –                                                                                                                                 biomedical sciences, nanotechnology,
    Specialist Advisors Enhanced                                    consultants.
                                                                 • Employers can receive up to 80%                                                           and advanced manufacturing, before
    Specialist Advisors at SME Centres will                         funding support for job redesign                                                         productising these technologies for
    provide in-depth support to enterprises                         consultancy, capped at $30,000 per                                                       the China market. These companies
    in specific areas such as digitalisation                        company, for approved projects.                                                          can accelerate the pace of their R&D
    and financing advice. This complements                                                                                                                   and innovation by tapping on A*PC’s
    the existing suite of services provided                                                                                                                  facilities and laboratories.
    by SME Centres, including business
    diagnosis and advisory services,                                                                                                                       Double Tax Deduction for
    capability workshops and group-                                                                                                                        Internationalisation (DTDi)      Enhanced
    based upgrading projects. Firms can
    approach any of the SME Centres for an                                                                                                                 • Businesses are allowed a tax deduction
    appointment.                                                                                                                                             of 200% on qualifying market expansion
                                                                                                                                                             and investment development expenses,
                                                                                                                                                             subject to approval from Enterprise
                                                                                                                                                             Singapore or Singapore Tourism Board
                                                                                                                                                             (STB).
                                                                                                                                                           • No prior approval is required from
                                                                                                                                                             Enterprise Singapore or STB for tax
                                                                                                                                                             deduction on the first $150,000 of
                                                                                                                                                             qualifying expenses incurred on
                                                                                                                                                             automatic DTDi activities.
                                                                                                                                                           • The following enhancements to the
                                                                                                                                                             DTDi will take effect for qualifying
                                                                                                                                                             expenses incurred on or after 17
                                                                                                                                                             February 2021:
                                                                                                                                                             • Enhancement to scope of the
                                                                                                                                                                 DTDi to cover specified expenses
                                                                                                                                                                 incurred to participate in virtual
                                                                                                                                                                 trade fairs approved by Enterprise
                                                                                                                                                                 Singapore.
                                                                                                                                                             • Expansion of the list of qualifying
                                                                                                                                                                 expenses for overseas investment
                                                                                                                                                                 study trip to include logistics costs
       Legend              MNCs and LLEs               Small and Medium Enterprises                 Micro Enterprises
                                                                                                                                                                 to transport materials/samples
       *Key initiatives are designed to address businesses’ needs and businesses of any size can tap on any initiative                                           used during the investment trips.
       where eligible.
8                                                                                                                                                                                                        9
BUDGET 2021                                                                                                                                                                                             BUDGET 2021

       •   Inclusion of five additional                           Global Ready Talent Programme                           Southeast Asia Manufacturing            • Eligible companies that invest
           qualifying activities under the                        (GRT)                                                   Alliance (SMA) New                        in both Singapore and regional
           automatic DTDi list, up to the current                                                                                                                   industrial parks as part of the SMA
           annual expense cap of $150,000.                        Supports Singapore businesses to                        • The SMA is a tripartite programme       network can apply for a number
                                                                  train and deepen in-market knowledge                      between EDB, ESG and private sector     of benefits, including: (i) supplier
                                                                  of their Singaporean employees and                        partners, to promote a network of       identification and matching service;
     Enterprise Development Grant                                 supports students of local IHLs to go on                  industrial parks to manufacturers       (ii) differentiated tier of pricing for
     (EDG) Enhanced                                               internships.                                              who are interested to invest in         logistics services; (iii) facilitation
     Please refer to full description on pg 6.                                                                              both Singapore and the region. The      and support for Industry 4.0 pilot
                                                                  Grow Digital                                              alliance will help businesses grow      implementation programmes with
                                                                                                                            their manufacturing footprint in        Singapore solution providers; and
     Enterprise Financing Scheme                                  Businesses can get a head start in going                  Southeast Asia and diversify their      (iv) support for eligible innovation
     (EFS) Enhanced                                               global. Get support to leverage digital                   supply chains.                          activities undertaken in Singapore.
                                                                  platforms and channels for access to
     Please refer to full description on pg 6.
                                                                  a larger pool of consumers overseas,
                                                                  and to test new markets. Businesses
     Enterprise Singapore Overseas                                can also receive training and support to
     Centres                                                      enhance their e-commerce capabilities.

     Businesses can tap on the support
     of Enterprise Singapore’s in-market                          Market Readiness Assistance
     presence at over 35 international                            (MRA) Enhanced
     locations to generate new business
     leads, find business partners and                            • Businesses can tap on the MRA for
     acquire new technologies and                                   in-depth FTA consultancy and support
     capabilities.                                                  for overseas business development.
                                                                  • Under MRA, businesses may also
                                                                    apply for a premium subsidy when
     Global Innovation Alliance (GIA)                               taking up trade credit insurance to
                     New
      Enhanced                                                      protect themselves against buyer
                                                                    default.
     Businesses can gain access to                                • Enhanced support to cover up to 80%
     overseas partners for co-innovation                            of qualifying costs has been extended
     and market expansion. Under GIA                                until 31 Mar 2022.
     phase 2, we will scale up the network
     of overseas partners and expand the
     scope of GIA to include ESG’s co-                            PACT Programme
     innovation programmes (CIPs). CIPs                           Please refer to full description on pg 7.
     are cross-border platforms that connect
     Singapore-based enterprises with
     overseas partners.                                           SkillsFuture Enterprise Credit (SFEC)
                                                                  Please refer to full description on pg 14.
     GlobalConnect@SBF
     Provides market advisory services and
     trusted in-market business connections
     to Singapore businesses seeking to
     establish and expand their presence in
     Southeast Asia and other markets.

        Legend              MNCs and LLEs               Small and Medium Enterprises                 Micro Enterprises

        *Key initiatives are designed to address businesses’ needs and businesses of any size can tap on any initiative
        where eligible.
10                                                                                                                                                                                                               11
BUDGET 2021                                                                                                                                                                                                     BUDGET 2021

     Jobs and Skills                                             Jobs Growth Incentive (JGI)
                                                                   Enhanced     SGUnited Jobs and Skills Package
                                                                                                                         Career Conversion Programmes
                                                                                                                         SGUnited Jobs and Skills Package
                                                                                                                                                                          Lean Enterprise Development
                                                                                                                                                                          Scheme
     Support workers in their skills                             Supports employers who hire local                                                                        Provides grants and transitional foreign
                                                                                                                         Help local jobseekers reskill and make
     training so that they remain relevant                       jobseekers, whereby there is an                         career transitions by supporting                 manpower support to businesses
     with the changing needs of the                              increase in overall local workforce size                employers in hiring and training                 undertaking transformation projects to
     industry.                                                   and increase in local workforce earning                 workers. Employers may receive course            become more manpower-lean.
                                                                 more than or equals to $1,400/ month,                   fee funding and salary support of up to
                                                                 compared to their local workforce in the                90% during the period of reskilling for          Open Door Programme
                                                                 baseline month. For new hires made                      mid-career jobseekers.
                                                                 between September 2020 and February                                                                      Supports employers to hire, train and
                                                                 2021 (inclusive), the baseline month                                                                     integrate persons with disabilities into the
                                                                 is August 2020. For new hires made                      Career Trial                                     workforce through recruitment and job
                                                                 between March 2021 and September                        Allows employers and jobseekers to               support services, training grant as well as a
                                                                 2021 (inclusive), the baseline month is                 assess job fit through a short-term trial.       Job Redesign Grant.
                                                                 February 2021.                                          Employers receive salary support if they
                                                                 • The support is 25% on the first $5,000                offer employment paying at least $1,500
                                                                    of gross monthly wages paid to all
                                                                                                                                                                          Part-Time Re-employment Grant
                                                                                                                         (for full-time position) or $750 (for part-
                                                                    new local hires for up to 12 months.                 time position) at the end of the trial.          Supports businesses that provide part-
                                                                 • For mature local hires aged 40 and                                                                     time re-employment opportunities to
                                                                    above, all persons with disabilities,                                                                 all eligible senior workers who request
                                                                    and ex-offenders, the support is 50%                 Enabling Employment Credit                       for it.
                                                                    on the first $5,000 of gross monthly                 Provides wage offsets to employers of            • From 16 Feb 2021, companies will
                                                                    wages for wages from September                       Singaporean persons with disabilities               be required to adopt the Tripartite
                                                                    2020 to February 2021, and 50% on                    aged 13 and above and earning below                 Standard on Age-Friendly Workplace
                                                                    the first $6,000 of gross monthly                    $4,000 per month. They receive a wage               Practices to qualify for the grant.
                                                                    wages for wages from March 2021                      offset of up to 20%, capped at $400 per
                                                                    onwards for up to 18 months.                         month. In addition, employers hiring             Senior Worker Early Adopter
                                                                                                                         persons with disabilities who had not            Grant
                                                                 Capability Transfer Programme                           been working for the past six months
                                                                   Extended                                              prior to being hired will receive an             Supports businesses in raising their
                                                                                                                         additional wage offset of 10%, capped at         company-level retirement and re-
                                                                 Provides funding support for businesses                 $200 per month, for the first six months         employment age above the minimum
                                                                 to (i) bring foreign specialists into                   of employment.                                   statutory requirements.
                                                                 Singapore to train their local employees                                                                 • From 16 Feb 2021, the grant will
                                                                 in new capabilities on a time-limited                                                                      be streamlined to a single tier to
                                                                                                                         Enhanced Training Support for
                                                                 basis; (ii) send local trainees for                                                                        benefit companies who increase
                                                                                                                         SMEs (ETSS)                                        their internal retirement and re-
                                                                 overseas training attachments to
                                                                 acquire new capabilities; and (iii)                                                                        employment ages by three years
                                                                                                                         Higher course fee subsidies and absentee
                                                                 support local specialists (who were                                                                        or more. Companies will also be
                                                                                                                         payroll funding when SMEs sponsor their
                                                                 previously trained by foreign specialists                                                                  required to adopt the Tripartite
                                                                                                                         employees to attend courses supported
                                                                 or trained overseas) conducting                                                                            Standard on Age-Friendly Workplace
                                                                                                                         by SSG.
                                                                 capability transfer training for locals.                                                                   Practices to qualify for the grant.

                                                                                                                         Enhanced Training Support
                                                                                                                         Package
                                                                                                                          Extended     SGUnited Jobs and Skills Package

                                                                                                                         Provides time-limited enhancements
                                                                                                                         to course fee subsidies for employers
                                                                                                                         in sectors directly affected by the
       Legend              MNCs and LLEs               Small and Medium Enterprises                 Micro Enterprises
                                                                                                                         COVID-19 outbreak when they sponsor
       *Key initiatives are designed to address businesses’ needs and businesses of any size can tap on any initiative   their workers for eligible courses, and
       where eligible.                                                                                                   enhanced absentee payroll (AP) rates for
12                                                                                                                                                                                                                        13
                                                                                                                         all employers.
BUDGET 2021                                                                                                                                                                                                         BUDGET 2021

                                                                  SGUnited Traineeships (SGUT) /                          SkillsFuture Queen Bee (SFQB)               TechSkills Accelerator (TeSA)
                                                                  SGUnited Mid-Career Pathways                                                                        SGUnited Jobs and Skills Package
                                                                                                                          Businesses can build industry relevant
                                                                  Programmes (SGUP)                                       skills by participating in projects and     • Supports both current information
                                                                    Enhanced     SGUnited Jobs and Skills Package
                                                                                                                          training programmes curated by                and communications technology
                                                                                                                          the SFQB companies. Participating             (ICT) professionals and non-ICT
                                                                  Supports businesses that are unable
                                                                                                                          SMEs can also access a skills support         professionals to upgrade and acquire
                                                                  to hire immediately in accessing talent
                                                                                                                          ecosystem through advisory from the           new skills and domain knowledge that
                                                                  to support their business needs, and
                                                                                                                          SFQBs to diagnose and identify their          are in demand, and to stay competitive
                                                                  tap on Government funding during the
                                                                                                                          skills needs.                                 and meet the challenges of a fast-
                                                                  duration of the traineeship or attachment
                                                                                                                                                                        moving digital landscape.
                                                                  in preparation for economic recovery.
                                                                                                                          SkillsFuture Series                         • TeSA’s Company-Led Training
                                                                                                                                                                        Programme has been enhanced to
                                                                  Skills Frameworks                                       Businesses can use these short, industry-     provide more support for businesses
                                                                                                                          relevant programmes to train employees        looking to hire, and Mid-Career
                                                                  Provides reference information
                                                                                                                          in emerging and priority areas, namely        Advance Programme will train mature
                                                                  for businesses to design their
                                                                                                                          data analytics, finance, tech-enabled         PMETs aged 40 and above.
                                                                  human resource strategy and talent
                                                                                                                          services, digital media, cybersecurity,
     SGUnited Jobs and Skills Schemes                             development plans. Each framework
                                                                                                                          entrepreneurship, advanced
                                                                  provides key information on the sector,                                                             Wage Credit Scheme                 Extended
     for Persons with Disabilities                                                                                        manufacturing and urban solutions.
                                                                  career pathways, job roles, existing and
                                                                  emerging skills required, and suggested                                                             • Provides co-funding of wage
     Enhances access to employment and
                                                                  training programmes.                                    SkillsFuture Work-Study                       increments for Singaporean employees
     training opportunities for persons with
                                                                                                                                                                        earning a gross monthly wage of up to
     disabilities amid COVID-19 through                                                                                   Programmes Enhanced
                                                                                                                                                                        $5,000.
     three types of programmes - Place-
                                                                  SkillsFuture Enterprise Credit (SFEC)                   • Businesses can groom and hire             • Extended by one year at a co-funding
     and-Train (PnT) programmes, Attach-
                                                                                                                            fresh talent through Work-Study             level of 15%.
     and-Train (AnT) programmes and Skills                        • Additional support for employers
                                                                                                                            Programmes across Certificate,
     Development Programmes (SDP).                                  investing in workforce and enterprise
                                                                                                                            Diploma, Post-Diploma, and Degree
     The schemes will lower the costs for                           transformation.
                                                                                                                            levels. Businesses will jointly design
     employers, host companies and training                       • Up to $10,000 credit per firm to cover
                                                                                                                            and deliver with Institutes of Higher
     providers in offering these opportunities                      up to 90% out-of-pocket expenses
                                                                                                                            Learning (IHLs) and appointed private
     to persons with disabilities.                                  on qualifying costs for workforce
                                                                                                                            providers.
                                                                    and/or enterprise transformation
                                                                                                                          • Participating companies on Place-
     SGUnited Jobs – HR Programme                                   programmes.
                                                                                                                            and-Train Work-Study Programmes
     Manager Initiative (HRPM)                                                                                              will receive time-limited COVID-19
                                                                 SkillsFuture JumpStart! Workshop                           wage support for eligible trainees
     The Singapore Business Federation                                                                                      (new).
     (SBF) has been appointed by ESG and                         Businesses can learn about the
     WSG as the central coordinator for this                     available jobs and skills resources and
     initiative, where SBF works with other                      grants through this specially curated                    Support for Job Redesign under
     TACs to assist in employment facilitation                   workshop.                                                Productivity Solutions Grant (PSG)
     efforts amongst member companies.                                                                                     Enhanced
     This programme, which involves
     business-to-business (B2B) matching,                                                                                 Please refer to full description of PSG
     complements other channels (e.g. the                                                                                 on pg 17.
     MyCareersFuture portal) by making the
     job matching process more proactive
     through company-to-company
     brokering, facilitated by HRPMs.

        Legend              MNCs and LLEs               Small and Medium Enterprises                 Micro Enterprises

        *Key initiatives are designed to address businesses’ needs and businesses of any size can tap on any initiative
        where eligible.
14                                                                                                                                                                                                                           15
BUDGET 2021                                                                                                                                                                                                   BUDGET 2021

     Digitalisation                                               100% Investment Allowance
                                                                    Extended
                                                                                                                          Emerging Technology
                                                                                                                          Programme New
     Build stronger digital capabilities to                       • To continue supporting businesses,                    Co-funds the costs of trials and adoption
     seize growth opportunities in the                              especially SMEs, to embark on large-                  of frontier technologies like 5G, artificial
     digital economy.                                               scale automation projects, the 100%                   intelligence, and trust technologies.
                                                                    Investment Allowance (IA) will be
                                                                    extended for another two years until                  Hawkers Go Digital
                                                                    31 Mar 2023. Projects that receive
                                                                    the Enterprise Development Grant                      • To encourage adoption of e-payments
                                                                    under the Productivity and Innovation                   in hawker centres, wet markets, coffee
                                                                    thrust may be eligible for the 100% IA,                 shops and industrial canteens, a bonus
                                                                    subject to conditions.                                  of $300 will be given per month, over a
                                                                  • The 100% IA will be provided on                         period of five months.
                                                                    the amount of approved capital                        • Bonus eligibility period was extended
                                                                    expenditure, net of any grants                          from 31 December 2020 to 31 May
                                                                    received for the same qualifying                        2021, to provide more time for
                                                                    expenditure.                                            stallholders to adopt the e-payment
                                                                                                                            solution.
                                                                  Digital Leaders Programme                     New
                                                                                                                          Industry Digital Plans
                                                                  Enables promising, high-potential local
                                                                  companies to become digital leaders by                  Sector-specific Industry Digital Plans
                                                                  equipping them with digital capabilities                provide step-by-step guides on the             Productivity Solutions Grant
                                                                  and talent to transform their business                  relevant digital solutions that SMEs can
                                                                                                                                                                         (PSG) Enhanced
                                                                  models and capture new growth                           adopt and suitable employee training
                                                                  opportunities.                                          at each stage of their growth. SMEs that       • Businesses can access a wide range
                                                                                                                          adopt pre-approved digital solutions as          of pre-scoped solutions, including IT
                                                                                                                          recommended in the Industry Digital              solutions, equipment, and consultancy
                                                                  Enterprise Development Grant
                                                                                                                          Plans can also receive funding support           services (e.g. job redesign). Businesses
                                                                  (EDG) Enhanced                                          from PSG.                                        will be able to achieve productivity
                                                                  Please refer to full description on pg 6.                                                                gains and offer more enriching jobs
                                                                                                                          Open Innovation Platform (OIP)                   with better wages for workers.
                                                                                                                           Enhanced                                      • Enhanced support to cover up to 80%
                                                                                                                                                                           of qualifying costs has been extended
                                                                                                                          Provides a structured process to support         until 31 Mar 2022.
                                                                                                                          businesses and Trade Associations &
                                                                                                                          Chambers in identifying possible areas         SkillsFuture for Digital Workplace
                                                                                                                          of digital innovation and matching them
                                                                                                                          with solution providers. Platform has          Helps businesses build digital confidence
                                                                                                                          been enhanced with new features to             in staff and equip them with the basic
                                                                                                                          enable better matching, testing and            digital skills required for the workplace
                                                                                                                          development.                                   over a two-day course.

        Legend              MNCs and LLEs               Small and Medium Enterprises                 Micro Enterprises

        *Key initiatives are designed to address businesses’ needs and businesses of any size can tap on any initiative
        where eligible.
16                                                                                                                                                                                                                     17
BUDGET 2021

     SMEs Go Digital Programme                                                                  Innovation                                                  A*STAR Collaborative Commerce
                                                                                                                                                            Marketplace (ACCM)
     Businesses can tap on support available
     under SMEs Go Digital, a whole-of-                                                         Create new products and services                            An online platform which businesses
     government programme that helps                                                            or enhance work processes through                           can use to find partners, solutions and
     businesses develop digital capabilities.                                                   technology and collaboration.                               network for innovation opportunities.

     Start Digital
     Businesses can take up a Start Digital                                                                                                                 Centres of Innovation (COIs)
     Pack that provides simple Accounting,                                                                                                                  Supports businesses in the
     HR Management System & Payroll,                                                                                                                        development and testing of new
     Digital Marketing, Digital Transactions,                                                                                                               technology products, through provision
     Digital Collaboration and Cybersecurity                                                                                                                of technical consultancy services,
     solutions. Businesses can get a waiver                                                                                                                 access to specialty equipment, and IP
     of six months subscription fee for any                                                                                                                 translation services.
     two solutions with a minimum 18-month
     contract agreement.
                                                                                                                                                            Corporate Venture Launchpad
     Grow Digital                                                                                                                                             New
     Businesses can get a headstart in going
     global. Get support to leverage digital                                                                                                                Provides co-funding for corporates to
     platforms and channels for access to                                                                                                                   build new ventures through pre-qualified
     a larger pool of consumers overseas,                                                                                                                   venture studios.
     and to test new markets. Businesses
     will also receive training and support to                                                                                                              Digital Services Lab
     enhance their e-commerce capabilities.
                                                                                                                                                            Businesses partner with IMDA, tech
     Advanced Digital Solutions                                                                                                                             providers and research institutions to
     Businesses can access up to 80%                                                                                                                        co-develop digital solutions to address
     funding support to adopt advanced                                                                                                                      sector-wide challenges.
     digital solutions. These solutions will
     help businesses deepen their digital                                                                                                                   Enterprise Development Grant
     capabilities to strengthen business
                                                                                                                                                            (EDG) Enhanced
     continuity measures and build resilience.
                                                                                                                                                            Please refer to full description on pg 6.
     Chief Technology Officer-as-a-Service        Digital Resilience Bonus
     (CTOaaS) New                                 Provides additional support for enterprises
     Supports SMEs to uncover their               to uplift their digital capabilities for                                                                  Enterprise Financing Scheme (EFS)
                                                                                                                                                              Enhanced
     digitalisation needs and transform           business growth.
     their business operations through            • Up to $5,000 bonus for F&B and
                                                                                                                                                            Please refer to full description on pg 6.
     professional IT consultancies offering          retail enterprises that adopt PayNow
     end-to-end digital advice, from digital         Corporate and InvoiceNow, as well
     consultancy tailored to business needs, to      as business process or e-commerce                                                                      Headstart Programme
     downstream project implementation.              solutions, between 1 June 2020 and 30
                                                     June 2021.                                                                                             Improves SMEs’ access to intellectual
                                                  • Additional $5,000 bonus for enterprises                                                                 property (IP) by providing royalty-
                                                     that adopt digital solutions for data                                                                  free and exclusive licences for up to
                                                     mining and analytics.                                                                                  36 months, for IP co-developed with
                                                                                                                                                            A*STAR.

                                                                                                  Legend              MNCs and LLEs               Small and Medium Enterprises                 Micro Enterprises

                                                                                                  *Key initiatives are designed to address businesses’ needs and businesses of any size can tap on any initiative
                                                                                                  where eligible.
18                                                                                                                                                                                                                  19
BUDGET 2021

     Innovation Advisors Programme*                   Open Innovation Network (OIN)                      Startup SG                                                   Tech Access
     Businesses are guided by innovation              Gateway to open innovation                         Startups and entrepreneurs can assess                        Businesses can access a comprehensive
     mentors who will advise them in the              challenges, news and resources for                 a wide range of support, including:                          suite of A*STAR’s advanced
     development of innovation strategies,            businesses to learn more about open                                                                             manufacturing equipment and biotech/
     new products and solutions to address            innovation, find new opportunities to              Startup SG Equity                                            biomedical scientific services, under the
     market needs, and connect businesses             develop new products with market-fit,              Stimulates private sector investments                        guidance of technical experts.
     to technology and business partners.             and address their business needs.                  into Singapore-based technology
                                                                                                         startups with sound intellectual
     *Formerly known as Innovation Agents Programme                                                                                                                   Technology for Enterprise
                                                                                                         property and global market potential.
                                                      Open Innovation Platform (OIP)                                                                                  Capability Upgrading (T-Up)
     IPI Singapore                                     Enhanced
                                                                                                         Startup SG Founder “Start” Track                             Programme
                                                                                                         Provides mentorship and startup capital                      Businesses can get access to talent from
     Online marketplace and consultancy               Please refer to full description on pg 17.
                                                                                                         grant to first-time entrepreneurs with                       A*STAR’s Research Institutes for up to
     for businesses to connect with                                                                      innovative business ideas.
     providers of suitable technology IP and                                                                                                                          two years to help build in-house R&D
                                                      Operation and Technology                                                                                        capabilities through projects defined
     demand-led innovation opportunities                                                                 Startup SG Founder “Train” Track
                                                      Roadmap (OTR)                                                                                                   and managed by companies. Up to 70%
     for business needs.                                                                                 Venture Builder and Accredited Mentor                        of secondment costs is covered by ESG.
                                                      • Initiative that supports companies in            Partners (‘VB-AMPs’) with strong
     Intellectual Property (IP)                         mapping their current and emerging               track records of venture building to
                                                        technology needs to support future               provide 3-month Venture Building
     Schemes
                                                        growth. Companies that work                      (VB) programmes for local aspiring
     Businesses can access subsidised                   with A*STAR to develop their OTR                 entrepreneurs.
     programmes including IP audit, IP                  roadmaps are eligible for a grant
     strategy advisory, IP analytics and                from ESG that will cover up to 70% of            Startup SG Infrastructure
     business/ legal clinics to accelerate              the qualifying cost incurred.                    Provides physical spaces (e.g.
     translation of technologies, brands and          • Consortium OTR (COTR) is also                    LaunchPad @one-north) for startups to
     IP to the market.                                  available to cater to the needs of a             grow, experiment and flourish.
                                                        group of companies.
     National Innovation Challenges                                                                      Startup SG Talent
                                                      PACT Programme                                     Supports startups’ talent needs.
     (NIC)
     Businesses can address national and              Please refer to full description on pg 7.          Startup SG Tech
     industry-wide challenge statements, in                                                              Provides funding for startups to carry
     partnership with sector leads like TACs,         Singapore Institute of Food and                    out Proof-of-Concept and Proof-of-
     other enterprises, and IHLs/RIs.                                                                    Value projects for proprietary innovative
                                                      Biotechnology Innovation (SIFBI)
                                                                                                         technologies.
                                                      • SIFBI undertakes R&D and
                                                        innovation in food, to support
                                                        Singapore’s “30 by 30” goal by
                                                        boosting local production capabilities
                                                        and tap opportunities from global
                                                        demand for safer, healthier, and
                                                        more sustainable food.
                                                      • SIFBI brings together research
                                                        capabilities across A*STAR covering
                                                        biotransformation, fermentation,
                                                        nutrition, food process engineering,
                                                        agri-food technology, alternative
                                                        protein, waste valorisation, and
                                                        safety research under one roof.
                                                                                                            Legend              MNCs and LLEs               Small and Medium Enterprises                 Micro Enterprises
                                                      The institute officially opened on 1 April 2020.
                                                                                                            *Key initiatives are designed to address businesses’ needs and businesses of any size can tap on any initiative
                                                                                                            where eligible.
20                                                                                                                                                                                                                            21
BUDGET 2021

     Sustainability                                               3R Fund                                                 Enterprise Sustainability
                                                                                                                          Programme (ESP) New
                                                                                                                                                                         Investment Allowance for
                                                                                                                                                                         Emissions Reduction (IA-ER)
                                                                  • Supports organisations/companies
                                                                                                                                                                          Enhanced   Extended
     Become more sustainable and                                    to reduce waste disposed of at NEA’s                  • Supports local enterprises to develop
     build capabilities to seize growth                             incineration plants and disposal                        capabilities in sustainability, and seize    • Supports manufacturing companies
     opportunities in sustainability.                               facilities through the implementation                   opportunities in sustainability.               and data centres on projects which
                                                                    of waste minimisation and recycling                   • This includes supporting local enterprises     result in a measurable and verifiable
                                                                    projects.                                               to adopt sustainability practices; enhance     improvement in energy efficiency (EE)
                                                                  • Projects that result in an increase in the              their resource efficiency; and develop         or reduction in greenhouse gas (GHG)
                                                                    quantity of solid waste (this excludes                  products and services to capture new           emissions.
                                                                    toxic and chemical wastes) recycled                     business opportunities in sustainability.    • The IA-ER is an enhancement of
                                                                    or a reduction in the quantity of solid               • More details to be released later in 2021.     the former Investment Allowance
                                                                    waste generated are eligible. The                                                                      (Energy Efficiency) (IA(EE)). The project
                                                                    minimum tonnage eligibility is 100                                                                     eligibility criteria will be expanded to
                                                                    tonnes reduced, reused or recycled                    Genco Energy Efficiency (EE)
                                                                                                                          Grant                                            cover reduction in GHG emissions, in
                                                                    over the whole project duration.                                                                       addition to improvements in energy
                                                                  • Grant support of up to 80% of                         • Supports power generation companies            efficiency.
                                                                    qualifying costs, subject to a cap of $1                (gencos) to invest in energy efficient       • The revised conditions will apply to
                                                                    million per project or per applicant.                   equipment or technologies that can             projects approved by EDB from 1 April
                                                                                                                            improve overall generation efficiency,         2021 to 31 December 2026.
                                                                  Energy Efficiency Fund (E2F)                              and reduce carbon emissions.
                                                                                                                          • Grant support of up to 50% of qualifying
                                                                  • Supports businesses with industrial                                                                  Resource Efficiency Grant for
                                                                                                                            costs.
                                                                    facilities to improve energy efficiency, for                                                         Energy (REG(E))
                                                                    example, in energy efficient technologies;
                                                                                                                          Incentive Scheme for Advanced                  • Supports manufacturing companies
                                                                    energy assessment; energy management
                                                                                                                                                                           and data centres to implement projects
                                                                    information system (EMIS); resource                   Combined Cycle Gas Turbines
                                                                                                                                                                           that improve energy efficiency or
                                                                    efficient design; and low-global warming              (CCGTs)                                          reduce non-CO2 greenhouse gas
                                                                    potential (GWP) refrigerant chillers.
                                                                                                                          • Supports power generation companies’           consumption.
                                                                  • Grant support of up to 50% of qualifying
                                                                                                                            (gencos) deployment of advanced CCGTs.       • Grant support corresponds to the
                                                                    costs for the above areas highlighted,
                                                                                                                          • Grant support will be computed based on        amount of carbon abatement, up to
                                                                    except for low-GWP refrigerant chillers.
                                                                                                                            the net disadvantage that an advanced          50% of qualifying costs.
                                                                    Low-GWP refrigerant chillers grant
                                                                    applicants may reach out to NEA with                    CCGT will incur, compared to an F-class
                                                                    project details for an estimate of grant                CCGT.
                                                                    quantum.

        Legend          MNCs and LLEs             Small and Medium               Micro Enterprises            Gencos
                                                  Enterprises
        *Key initiatives are designed to address businesses’ needs and businesses of any size can tap on any initiative
        where eligible.
22                                                                                                                                                                                                                      23
BUDGET 2021                                                                                                                                                                     BUDGET 2021

     SME Centres                                                                      Centres of Innovation
     Businesses that wish to enhance their capabilities or embark on transformation   Centres of Innovation (COIs) were set up in Institutes of Higher Learning (IHLs)
     plans may approach the SME Centres below for assistance.                         and public research institutes (RIs) to enhance SMEs’ technology innovation.
                                                                                      They provide facilities, consultancy, training, and technical services for SMEs to
                                                                                      develop and test technology projects in specific sectors.
     SME Centre@SCCCI                         SME Centre@NorthEast
     Trade Association Hub                    Our Tampines Hub
     9, Jurong Town Hall Road                 51 Tampines Ave 4
                                                                                      Aquaculture Innovation Centre                     Food Innovation Resource Centre
     #03-18, Singapore 609431                 #04-31, Singapore 529684
                                                                                      Temasek Polytechnic                               Singapore Polytechnic
     Tel: +65 6337 8381                       Tel: +65 6513 0388
                                                                                      Dr Lee Chee Wee                                   Mr Zen Tan
     Email: enquiry@smecentre-sccci.sg        Fax: +65 6513 0399
                                                                                      Tel: +65 6780 6400                                Tel: +65 6870 4619
                                              Email: enquiries@smecentre-asme.sg
                                                                                      Email: leecw@tp.edu.sg                            Email: zen_tan@sp.edu.sg
     SME Centre@SMCCI
     15, Jalan Pinang                         SME Centre@NorthWest
                                                                                      Dr Diana Chan Pek Sian                            Marine and Offshore Technology Centre of
     Singapore 199147                         Woodlands Civic Centre
                                                                                      Tel: +65 6780 5383                                Innovation
     Tel: +65 6293 3822                       900, South Woodlands Drive
                                                                                      Email: peksian@tp.edu.sg                          Ngee Ann Polytechnic
     Fax: +65 6293 3905                       #06-01, Singapore 730900
                                                                                                                                        Mr Ang Yee Kiang
     Email: gadvisory@smecentre-smcci.sg      Tel: +65 6826 3020
                                                                                      Ms Susila Krishnasamy                             Tel: +65 6460 8594
                                              Fax: +65 6826 3021
                                                                                      Tel: +65 6780 4002                                Email: angyeekiang@np.edu.sg
     SME Centre@SICCI                         Email: northwest@smecentre-smf.sg
                                                                                      Email: krishnas@tp.edu.sg
     SICCI Building
                                                                                                                                        Materials Centre of Innovation
     31, Stanley Street                       SME Centre@SouthEast
                                                                                      Centre of Innovation for Complementary            Institute of Materials Research and Engineering,
     Singapore 068740                         1, Engku Aman Turn
                                                                                      Health Products                                   A*STAR
     Tel: +65 6508 0147                       #03-02, Wisma Geylang Serai
                                                                                      Temasek Polytechnic                               Dr Leong Yew Wei
     Fax: +65 6223 1707                       Singapore 408528
                                                                                      Mr Martin Cai                                     Tel: +65 6874 3326
     Email: sme@smecentre-sicci.sg            Tel: +65 6513 0388
                                                                                      Tel: +65 6780 1856                                Email: leongyw@imre.a-star.edu.sg
                                              Fax: +65 6513 0399
                                                                                      Email: coi-chp@tp.edu.sg
     SME Centre@ASME                          Email: enquiries@smecentre-asme.sg
                                                                                                                                        Precision Engineering Centre of Innovation
     167, Jalan Bukit Merah
                                                                                      Centre of Innovation for Electronics and IoT      Singapore Institute of Manufacturing Technology,
     #03-13, Tower 4, Singapore 150167        SME Centre@SouthWest
                                                                                      Nanyang Polytechnic                               A*STAR
     Tel: +65 6513 0388                       The JTC Summit
                                                                                      Mr John Fung                                      Mr Peter Shi
     Fax: +65 6513 0399                       8, Jurong Town Hall Road
                                                                                      Tel: +65 6550 0978                                Tel: +65 6590 3152
     Email: enquiries@smecentre-asme.sg       #26-06, Singapore 609434
                                                                                      Email: john_fung@nyp.edu.sg                       Email: zfshi@simtech.a-star.edu.sg
                                              Tel: +65 6316 1616
     SME Centre@SMF                           Fax: +65 6316 7250
                                                                                      Centre of Innovation for Supply Chain
     SMF House                                Email: southwest@smecentre-smf.sg
                                                                                      Management
     2985, Jalan Bukit Merah
                                                                                      Republic Polytechnic
     Singapore 159457
                                                                                      Mr Edmund Chan
     Tel: +65 6826 3020
                                                                                      Tel: +65 9232 0228
     Fax: +65 6826 3021
                                                                                      Email: coi-scm@rp.edu.sg
     Email: query@smecentre-smf.sg
                                                                                      EcoLabs Centre of Innovation for Energy
     SME Centre@Central
                                                                                      Nanyang Technological University, Singapore and
     HDB Hub BizThree
                                                                                      Sustainable Energy Association of Singapore
     490, Lorong 6 Toa Payoh
                                                                                      Mr Mahesh Kumar
     #07-11, Singapore 310490
                                                                                      Tel: +65 6904 1120
     Tel: +65 6715 7580
                                                                                      Email: mahesh.kumar@ntu.edu.sg
     Email: central@smecentre-sccci.sg
                                                                                      Environmental and Water Technology Centre
     SME Centre@Little India
                                                                                      of Innovation
     Little India Arcade
                                                                                      Ngee Ann Polytechnic
     48 Serangoon Road
                                                                                      Ms Ida Kwan
     #01-22, Singapore 217959
                                                                                      Tel: +65 6460 8168
     Tel: +65 6508 0149
                                                                                      Email: ida_kwan@np.edu.sg
     Email: littleindia@smecentre-sicci.sg

24                                                                                                                                                                                         25
BUDGET 2021

     Notes    Notes

26
BUDGET 2021

     Notes

28
For more information, please contact MTI at mti_email@mti.gov.sg /
                Enterprise Infoline at enquiry@enterprisesg.gov.sg
                  or refer to https://govassist.gobusiness.gov.sg.

Information accurate as of March 2021
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