Supporting Our Businesses - Overcoming Challenges, Capturing Opportunities - MTI

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Supporting Our Businesses
Overcoming Challenges, Capturing Opportunities
Contents

02   Foreword

03   Additional Support

03     Credit

04     Cashflow and Costs

05     Wages

06   Deepening Capabilities to Capture Opportunities

     Deepening Capabilities to Capture
     Opportunities and Build Resilience

08     Business Development and Leadership

10     Internationalisation

12     Jobs and Skills

15     Innovation

18     Digitalisation

     Additional Resources

20     SME Centres

21     Centres of Innovation

                                                       1
Foreword                                                   Additional COVID-19               Credit

                                                                                                    Support Measures                  Enterprise Financing Scheme – SME
    An earlier version of this booklet summarised measures to support businesses introduced                                           Working Capital Loan (EFS-WCL)
    in Deputy Prime Minister and Minister for Finance Heng Swee Keat’s Budget 2020                  The Government has introduced
                                                                                                                                      • The EFS-WCL has been further enhanced
    statement. On 26 March 2020, DPM Heng Swee Keat delivered the Supplementary Budget              additional measures to support
                                                                                                                                        from 1 April 2020 to 31 March 2021.
    2020 statement which laid out the additional measures the Government was taking to              businesses and to preserve jobs   • The maximum loan quantum has been
    tackle COVID-19. This came just five weeks after he delivered the Budget 2020 statement. It     and livelihoods.                    increased to $1 million, up from
                                                                                                                                        $600,000 previously.
    reflected the rapid escalation of the COVID-19 outbreak which had, within five weeks, been
                                                                                                                                      • The Government’s risk share of loans
    declared a pandemic by the World Health Organisation. The situation continued to worsen                                             have been increased to 90% for loans
    and on 6 April 2020, DPM Heng announced enhanced measures to help businesses manage                                                 initiated from 8 April 2020 till 31 March
    the impact of the heightened safe distancing measures during the circuit breaker period in                                          2021.
    Singapore from 7 April to 4 May 2020.                                                                                             • Businesses may request for deferment
                                                                                                                                        of principal repayment for one year,
                                                                                                                                        subject to assessment by Participating
    The pandemic has caused severe economic disruptions and uncertainties, and it is likely to                                          Financial Institutions (PFIs).
    cause the worst economic contraction since independence. Businesses and workers across
    sectors are impacted. The Government is introducing extraordinary measures for this                                               Enterprise Financing Scheme –
    extraordinary situation.                                                                                                          Trade Loan (EFS-TL)

    A total of $59.9 billion will be set aside to support our people in this battle, amounting to                                     • The EFS-TL (formerly known as Loan
    about 12% of our GDP. For businesses, help is given to tackle the three issues of credit,                                           Insurance Scheme Plus) supports
                                                                                                                                        Singapore-based enterprises’ trade
    cashflow and costs. There is also support for businesses in terms of wage payments and
                                                                                                                                        financing needs.
    training for their workers.                                                                                                       • The EFS-TL will be enhanced for one
                                                                                                                                         year, from 1 April 2020 to 31 March 2021.
    Even as we tackle the immediate challenges, we must also build resilience in our economy,                                         • The maximum loan quantum will
    and build capabilities for when the eventual recovery comes. We will support businesses                                             be increased to $10 million, up from $5
                                                                                                                                        million previously.
    to use this downtime to digitalise, restructure and transform. Businesses can find details                                        • The Government’s risk share of loans
    of these support measures in this booklet as well. We must face this battle with a spirit of                                        have been increased to 90% for loans
    resilience, keeping our eyes on the future. We are all in this together, and we will leave no                                       initiated from 8 April 2020 till 31 March
    one behind. We will continue to work with businesses, workers and industry partners to                                              2021.
    build economic resilience and prepare for gradual recovery when the situation stabilises.
    With our collective effort as one Singapore, we will ride through this storm and emerge                                           Loan Insurance Scheme (LIS)
    stronger together.
                                                                                                                                      • The Loan Insurance Scheme helps
                                                                                                                                        SMEs secure short-term trade loans
                                                                                                                                        by having commercial insurers co-share
                                                                                                                                        loan default with PFIs.
                                                                                                                                      • Subsidies for loan insurance premiums
                                                                                                                                        have been increased from 50% to
                                                                                                                                        80%, for one year from 1 April 2020 to
                                                                                                                                        31 March 2021.

2                                                                                                                                                                                    3
Temporary Bridging Loan                       Cashflow and Costs                            Deferment of Income Tax                          Enhanced Wage Credit Scheme
    Programme (TBLP)                                                                            Payments
                                                  Enhanced Property Tax Rebate                                                                   • The Government will co-fund 20% and
    • The TBLP, which was introduced              for 2020                                      • Automatic deferment of income tax                15% of qualifying wage increases
      at Budget 2020 to provide additional                                                        payments for companies and self-                 in 2019 and 2020 respectively for
      cash flow support for enterprises in        • Increased Property Tax Rebate for             employed persons.                                Singaporean employees earning a
      the tourism sector, has been enhanced         qualifying commercial properties such       • For companies, income tax payments               gross monthly wage of up to $5,000.
      from 1 April 2020 to 31 March 2021.           as hotels, serviced apartments, tourist       due in April, May, and June 2020 will          • Additional payout to be brought
    • The programme will be expanded to             attractions, shops and restaurants,           instead be payable in July, August, and          forward from September to end-June
      eligible enterprises across all sectors       from 15% or 30%, to 100%.                     September 2020 respectively.                     2020.
      from 1 April 2020.                          • Other non-residential properties
    • The maximum loan quantum has                  such as offices and industrial
      also been raised from $1 million to
                                                                                                No Increase in Government Fees &
                                                    properties will receive a new 30%
      $5 million.                                   Property Tax Rebate.
                                                                                                Charges
    • The Government’s risk share of loans
      have been increased to 90% for loans                                                      • There will be no increases in
      initiated from 8 April 2020 till 31 March   Ensure Pass-through of Property                 Government Fees & Charges from
      2021.                                       Tax Rebate New                                  1 April 2020 to 31 March 2021.

                                                  • Property owners are required to pass
                                                    on the full amount of property tax          Wages
                                                    rebate attributable to a rented property
                                                    to his tenant, in a timely manner, and      Enhanced Jobs Support Scheme
                                                    without conditions.
                                                                                                The Government will provide support
                                                                                                for the first $4,600 of monthly wages for
                                                  Enhanced Rental Waivers                       every local worker, for nine months till
                                                                                                end-2020.
                                                  • Qualifying commercial tenants,
                                                    such as those providing commercial          • Wage support levels will be differentiated
                                                    accommodation, retail, F&B, recreation,       by sector^. Businesses can check their
                                                    entertainment, and healthcare services,       eligibility on IRAS’ website.
                                                    will get 2 months’ worth of rental          • For April 2020, firms in all sectors will
                                                    waivers in total.                             have their wage support level enhanced
                                                  • All other non-residential tenants of          to 75% to help them through the ‘circuit
                                                    Government agencies receive 1 month           breaker’ period.
                                                    of rental waiver.                           • Firms will receive the first payout in
                                                                                                  April 2020, including the enhanced
                                                                                                  payout for April wages. Subsequent
                                                  Corporate Income Tax (CIT) Rebate
                                                                                                  payouts will be in July and October 2020.
                                                  • A CIT Rebate of 25% of tax payable,
                                                                                                ^
                                                    capped at $15,000 per company, will be       75% wage support for aviation, accommodation,
                                                                                                and tourism sectors, 50% for food services
                                                    granted for Year of Assessment 2020.
                                                                                                sectors, and 25% for all other sectors

                                                  Foreign Worker Levy         New

                                                  • Waiver of monthly Foreign Worker Levy
                                                    due in April 2020.                                             For more information, log on to:
                                                  • Foreign Worker Levy Rebate of $750                             www.singaporebudget.gov.sg/budget_2020/resilience-budget
                                                    in April 2020 from levies paid this year,
                                                    for each Work Permit or S Pass holder.

4                                                                                                                                                                                        5
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 longer-term capabilities to be better                          every stage, for every size of company and every business goal. Businesses can do their
      prepared for the eventual recovery.                                                                           part by thinking through their business plans and goals.

Support for businesses at                                                                                    •   Capability Transfer Programme
every stage, for every size                                   Revenue:                                 New
                                                                                                             •   Hiring Incentive
                                           MNCs               >S$100mil                                      •   Part-Time Re-employment Grant
and for every business goal
                                          and LLEs                                                           •   Global Ready Talent Programme (GRT)

                                                                                                                                    •   Enterprise Leadership for Transformation (ELT)
                                          Medium                          Revenue:                                                  •   Executive-in-Residence
                                         Enterprises                      S$10mil - S$100mil                                        •   Market Readiness Assistance Schemes
                                                                                                                                    •   Global Ready Talent Programme (GRT)
                                                                                                                            New
                                                                                                                                    •   GoBusiness Licensing and e-adviser
                                                                                                                                    •   Grow Digital
                                                                                                                                    •   Hiring Incentive
                                                                                    Revenue:                                        •   SkillsFuture Enterprise Credit
                                     Small Enterprises                              S$1mil - S$10mil                                •   SME Centre Enhancement - Partners for Business Growth
                                                                                                                                    •   SMEs Go Digital

                                                                                                                                             •   Enhanced Startup SG Equity
                                                                                               Revenue:                                      •   Grow Digital
                                     Micro Enterprises
Business                                                    Enterprise Development Grant
                                                                (EDG) Enterprise Transform Package
                                                                                                                        • Offers access to an alumni network
                                                                                                                          for peer learning and collaboration.
                                                                                                                                                                    Heartland Enterprise Upgrading
                                                                                                                                                                    Programme (HEUP) New
    Development and                                             • Supports projects in three key categories
                                                                                                                        • The ELT will be delivered by a network
                                                                                                                          of partners including Institutes          An integrated support package for
    Leadership                                                    - core capabilities, innovation and
                                                                  productivity, and internationalisation.
                                                                                                                          of Higher Learning (IHLs), financial
                                                                                                                          institutions, and industry experts.
                                                                                                                                                                    selected Merchants’ Associations to
                                                                                                                                                                    implement holistic precinct rejuvenation
    Build and enhance management                                • From 1 April 2020 to 31 December                                                                  plans, through infrastructural
                                                                  2020, the support level will be raised                Executive-in-Residence                      improvements, place-making activities,
    and enterprise capabilities to                                                                                                                            New
                                                                  from up to 70% to up to 80%.                                                                      capability upgrading projects, and
    grow the business.                                          • In the same period, for enterprises that                                                          training for businesses and workers.
                                                                                                                        Support for trade associations
                                                                  are most severely impacted by                         and business chambers to engage
                                                                  COVID-19, the maximum support level                   experienced professionals with              SkillsFuture Enterprise Credit
                                                                  can be further raised to 90% on a case-               relevant expertise, and to match             New    Next Bound of SkillsFuture
                                                                  by-case basis.                                        them to businesses to assist in
                                                                • Unionised enterprises and                             transformation, capability building, and    Please refer to full description on pg 13.
                                                                  Employment and Employability                          internationalisation efforts.
                                                                  Institute (e2i) partners under the
                                                                  Labour Movement can qualify for                                                                   SkillsFuture Leadership
                                                                  an additional 10% funding, subject to                 GoBusiness e-Adviser for                    Development Initiative
                                                                  endorsement from e2i under NTUC.                      Government Assistance                       (SkillsFuture LDI)
                                                                • The maximum support under EDG is                       New    Enterprise Grow Package
                                                                  capped at 90%, excluding additional                                                               Businesses can leverage on SkillsFuture
                                                                  out-of-pocket support from the                        Businesses can get customised               LDI to develop and/or enhance their
                                                                  SkillsFuture Enterprise Credit.                       guidance on government assistance.          in-house leadership development
                                                                                                                        The e-adviser will recommend the most       programmes (for example overseas
                                                                                                                        relevant government assistance to           assignments and cross-functional
                                                                Enterprise Financing Scheme (EFS)                                                                   rotations) to expand their pipeline of
                                                                                                                        businesses via a guided set of questions
                                                                                                                        on business needs.                          Singaporean talent.
                                                                • Financing support to meet business
                                                                  needs at various stages of growth.
                                                                                                                        The e-adviser will be launched later in     SME Centre Enhancement -
                                                                • EFS covers six different areas –
                                                                                                                        2020.                                       Partners for Business Growth
                                                                  working capital, fixed assets, venture
                                                                  debt, trade, projects, and mergers &                                                               Enhanced   Enterprise Grow Package
                                                                  acquisitions.                                         GoBusiness Licensing
                                                                • Stronger support for young businesses.                 Enhanced   Enterprise Grow Package         • Pilot initiative for businesses that
                                                                                                                                                                      demonstrate ability to accelerate
                                                                For enhancements to the SME Working Capital                                                           growth and are keen to transform
                                                                Loan, please see pg 3.
                                                                                                                        Businesses can look forward to simpler,
                                                                                                                        faster and better processes when              their business in areas such as
                                                                                                                        transacting with the Government               digitalisation, talent development and
                                                                Enterprise Leadership for                               through the GoBusiness Licensing              internationalisation.
                                                                                                                                                                    • SME Centres will partner these
                                                                Transformation (ELT)                                    portal. The portal currently provides
                                                                                                                        new businesses in the food services           businesses to jointly develop
                                                                  New     Enterprise Transform Package
                                                                                                                        sector with a guided, streamlined             business plans and support
                                                                                                                        journey for licensing applications. The       implementation efforts.
                                                                • Supports business leaders of
                                                                  promising SMEs in achieving the next                  portal will be expanded later in 2020
                                                                  bound of growth, through structured                   to cover other key transactions by          Support for Job Redesign under
                                                                  modular training in business growth                   businesses with the Government.             Productivity Solutions Grant (PSG)
                                                                  capabilities and business coaching in                                                              Enhanced   Next Bound of SkillsFuture
                                                                  developing a business growth plan.
                                                                                                                                                                    Please refer to full description on pg 18.

      Legend          MNCs and LLEs               Small and Medium Enterprises                 Micro Enterprises
                                                                                                                                                                    PACT Programme
      *Key initiatives are designed to address businesses’ needs and businesses of any size can tap on any initiative
8                                                                                                                                                                                                                9
      where eligible.                                                                                                                                               Please refer to full description on pg 16.
Internationalisation                                        Double Tax Deduction for
                                                                 Internationalisation (DTDi)
                                                                                                                         GlobalConnect@SBF         New                    Market Readiness Assistance
                                                                                                                                                                          (MRA) Enhanced Enterprise Grow Package
                                                                   Enhanced
                                                                                                                         Provides market advisory services
     Venture overseas and seize                                                                                          and in-market business connections               Businesses can look forward to in-
     opportunities from regional and                             Businesses can apply for tax deductions                 to Singapore businesses looking to               depth FTA consultancy and support for
     global markets.                                             on eligible expenses incurred to support                expand or deepen their presence in key           overseas business development. To
                                                                 businesses’ overseas expansion                          Southeast Asian and emerging markets.            support more local businesses to go
                                                                 activities. The DTDi will be extended to                                                                 overseas, the grant will be enhanced:
                                                                 31 December 2025. Beginning 1 April
                                                                 2020, the scope of the scheme will also
                                                                                                                         Global Ready Talent Programme
                                                                                                                         (GRT) Enhanced                                   • Grant cap will be increased from
                                                                 be expanded to include:                                                                                    $20,000 per year to $100,000 per
                                                                                                                                                                            new market over three years.
                                                                 • Support for third-party consultancy                   Supports Singapore businesses to train
                                                                                                                                                                          • 70% support level will be extended by
                                                                   costs relating to new overseas                        and deepen in-market knowledge of
                                                                                                                                                                            three years to 31 March 2023.
                                                                   business development to identify                      their Singaporean employees, and
                                                                   suitable talent and build up business                 supports students of local IHLs to go on
                                                                   networks.                                             internships.                                     PACT Programme
                                                                 • New categories of fees incurred on
                                                                   overseas business missions.                           GRT Programme has been enhanced                  Please refer to full description on pg 16.
                                                                                                                         to encourage more students to go
                                                                                                                         abroad for overseas internships and
                                                                 Enterprise Development Grant                            attachments, deepening the talent pool
                                                                                                                                                                          SkillsFuture Enterprise Credit
                                                                 (EDG) Enterprise Transform Package                      for businesses.
                                                                                                                                                                           New    Next Bound of SkillsFuture

                                                                 Please refer to full description on pg 8.                                                                Please refer to full description on pg 13.
                                                                                                                         Grow Digital     New   Enterprise Grow Package
                               Growing Markets

                                                                 Enterprise Singapore Overseas                           Businesses can get a headstart in going
                                                                 Centres                                                 global. Get support to leverage digital
                                                                                                                         platforms and channels for access to
                                                                 Businesses can tap on the support                       a larger pool of consumers overseas,
                                                                 of Enterprise Singapore’s in-market                     and to test new markets. Businesses
                                                                 presence at over 35 international                       will also receive training and support to
                                                                 locations to generate new business                      enhance their e-commerce capabilities.
                                                                 leads, find business partners and
                                                                 acquire new technologies and
                                                                 capabilities.

                                                                 Global Innovation Alliance (GIA)
                                                                                  New
                                                                 Businesses can gain access to overseas
                                                                 partners for co-innovation and market
                                                                 expansion.

       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
10                                                                                                                                                                                                                     11
       where eligible.
Jobs and Skills                                             Capability Transfer Programme                           Enterprise Portal for Jobs & Skills                  Part-Time Re-employment Grant
                                                                                                                                                                                New   Senior Worker Support Package
                                                                 Provides funding support for businesses                 Businesses can explore information and
     Support workers in their skills                             to bring in foreign specialists to transfer             resources on relevant jobs and skills                Support for businesses that voluntarily
     training so that they remain                                new capabilities to local workers, or to                initiatives under SkillsFuture Singapore             commit to providing part time re-
     relevant with the changing needs                            send local workers for training overseas                and Workforce Singapore via this one-                employment to all eligible senior
                                                                 to acquire new capabilities.                            stop portal to support their training and
     of the industry.                                                                                                                                                         workers who request for it.
                                                                                                                         human capital development needs.
                                                                 Career Support Programme                                                                                     Professional Conversion
                                                                                                                         Hiring Incentive                                     Programmes (PCPs), Place-and-
                                                                 Salary support programme to encourage                       New    SkillsFuture Mid-Career Support Package
                                                                                                                                                                              Train Programmes for Rank-and-
                                                                 employers to hire Singaporean PMETs
                                                                 who are unemployed and actively                                                                              File Workers, Career Transition
                                                                                                                         Support for employers who hire local
                                                                 looking for jobs for 6 months or more,                  mid-career workers aged 40 and above                 Programmes by Continuing
                                                                 or workers aged 40 and above who                        through reskilling programmes*.                      Education and Training (CET)
                                                                 have been made redundant.                                                                                    Centres
                                                                                                                         *
                                                                                                                          Reskilling programmes eligible for the hiring        Enhanced   SkillsFuture Mid-Career Support Package
                                                                                                                         incentive are the PCPs, PnT programmes for
                                                                 Career Trial                                            rank-and-file workers, and career transition         Receive course fee funding and/or
                                                                                                                         programmes by CET centres.
                                                                 Allows employers to assess jobseekers’                                                                       salary support for employers to hire and
                                                                 job fit through a short-term trial before                                                                    reskill local jobseekers.
                                                                 offering employment.                                    Lean Enterprise Development
                                                                                                                         Scheme                                               Enhanced wage support levels for
                                                                                                                                                                              mature jobseekers at up to 90% under
                                                                 Enhancements to Course Fee                              Provides grants and transitional foreign             Place-and-Train programmes.
                                                                 Subsidy and Absentee Payroll (AP)                       manpower support to businesses
                                                                                                                         undertaking transformation projects to
                                                                 In Budget 2020, SkillsFuture Singapore                                                                       Senior Worker Early Adopter
                                                                                                                         become more manpower-lean.
                                                                 enhanced course fee subsidies and                                                                            Grant New Senior Worker Support Package
                                                                 absentee payroll (AP) rates for employers
                                                                 in sectors directly affected by the                     National Centre of Excellence for                    Supports businesses in raising their
                                                                 COVID-19 outbreak, when they sponsor                    Workplace Learning (NACE)                            company-level retirement and re-
                                                                 their workers for eligible courses.                         Enhanced   Next Bound of SkillsFuture            employment age above the minimum
                                                                                                                                                                              statutory requirements.
                                                                 • From 1 April 2020, the enhanced course                Businesses can tap on this to build their
                                                                   fee subsidies and absentee payroll                    in-house training system and workplace
                                                                   rates will be extended to the Land
                                                                                                                                                                              SkillsFuture Enterprise Credit
                                                                                                                         learning capabilities, as well as certify             New    Next Bound of SkillsFuture
                                                                   Transport and Arts and Culture sectors.               workplace trainers using best-in-class
                                                                 • From 1 May 2020, the enhanced                         training practices through customised
                                                                   absentee payroll rates will be further                                                                     Additional support for employers
                                                                                                                         solutions.                                           investing in workforce and enterprise
                                                                   extended to cover all sectors.
                                                                 • The duration of the enhanced training                                                                      transformation.
                                                                   support will also be extended, to                     Open Door Programme
                                                                   cover eligible courses that start before                                                                   Up to $10,000 credit per firm to cover
                                                                   1 January 2021.                                       Supports employers to hire and retain                up to 90% out-of-pocket expenses
                                                                                                                         persons with disabilities through job                for workforce and/or enterprise
                                                                                                                         redesign, training and placement services.           transformation.

                                                                                                                         P-Max

                                                                                                                         Helps SMEs to better recruit, manage
       Legend          MNCs and LLEs               Small and Medium Enterprises                 Micro Enterprises        and retain newly-hired PMETs through
       *Key initiatives are designed to address businesses’ needs and businesses of any size can tap on any initiative   funding support and workshops on
12                                                                                                                       progressive human resource practices.                                                                      13
       where eligible.
Support for Job Redesign under
     Productivity Solutions Grant (PSG)
                                                  SkillsFuture Work-Study
                                                  Programmes
                                                                                               Innovation                                                  A*STAR Collaborative Commerce
                                                                                                                                                           Marketplace (ACCM)
      Enhanced   Next Bound of SkillsFuture        Enhanced   Next Bound of SkillsFuture
                                                                                               Create new products and services                            An online platform that enables
     Please refer to full description on pg 18.   Businesses can groom and hire fresh          or enhance work processes                                   businesses to network, form
                                                  talent through Work-Study Programmes         through technology and                                      relationships, and foster collaborations
                                                  from the Certificate to Post-Graduate        collaboration.                                              among local companies and large
     Skills Framework                             levels. Businesses will jointly design and                                                               multinational companies.
                                                  deliver with Institutes of Higher Learning
     Businesses can use the Skills Framework      (IHLs) and appointed private providers.
     to design their human resource strategy                                                                                                               Centres of Innovation (COIs)
     and talent development plans. Each
     framework provides key information on        TechSkills Accelerator (TeSA)                                                                            Support businesses in the development
     the sector, career pathways, job roles,                                                                                                               and testing of new technology
     existing and emerging skills required,        Enhanced                                                                                                products, through provision of facilities,
     and suggested training programmes.           Supports both current information                                                                        consultancy, training, and technical
                                                  and communications technology (ICT)                                                                      services in specific sectors.
                                                  professionals and non-ICT professionals
     SkillsFuture JumpStart! Workshop
                                                  to upgrade and acquire new skills and                                                                    Digital Services Lab
     Businesses can learn about the               domain knowledge that are in demand,
     available jobs and skills resources and      and to stay competitive and meet the                                                                     Businesses partner with IMDA, tech
     grants through this specially curated        challenges of a fast-moving digital                                                                      providers and research institutions to
     workshop.                                    landscape.                                                                                               co-develop digital solutions to address
                                                                                                                                                           sector-wide challenges.
                                                  TeSA’s Company-Led Training Programme
     SkillsFuture Series                          will be enhanced to provide more support
                                                  for businesses looking to hire and train                                                                 Enterprise Development Grant
     Businesses can use these short, industry-    mature PMETs aged 40 and above.                                                                          (EDG) Enterprise Transform Package
     relevant programmes to train employees
     in emerging and priority areas, namely                                                                                                                Please refer to full description on pg 8.
     data analytics, finance, tech-enabled
     services, digital media, cybersecurity,
     entrepreneurship, advanced                                                                                                                            Headstart Programme
     manufacturing and urban solutions.
                                                                                                                                                           Improves SMEs’ access to intellectual
                                                                                                                                                           property (IP) by providing royalty-
                                                                                                                                                           free and exclusive licences for up to
                                                                                                                                                           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
14                                                                                                                                                                                                                 15
                                                                                                 where eligible.
Innovation Advisors Programme                                Intellectual Property                                   Startup SG                                  Tech Access
                                                                  Intermediary (IPI)
     Businesses can be guided by innovation                                                                               Access a wide range of support for          Businesses can access a comprehensive
     mentors who will advise them in the                          Online marketplace and consultancy                      startups and entrepreneurs, including:      suite of A*STAR’s advanced
     development of innovation strategies,                        for businesses to connect with                                                                      manufacturing equipment and biotech/
     new products and solutions to address                        providers of suitable technology IP for                 Startup SG Founder                          biomedical scientific services, under the
     market needs, and connect businesses                         business needs.                                         Provides mentorship and startup capital     guidance of technical experts.
     to technology and business partners.                                                                                 grant to first-time entrepreneurs with
                                                                                                                          innovative business ideas.
     *Formerly known as Innovation Agents Programme               Open Innovation Platform (OIP)                                                                      Technology for Enterprise
                                                                                                                          Startup SG Tech                             Capability Upgrading (T-Up)
                                                                  Businesses can get matched to                           Provides funding for startups to carry      Programme
     Intellectual Property (IP)                                   problem-owners or solution providers                    out Proof-of-Concept and Proof-of-
     Schemes                                                      to collaborate and address business                     Value trials for innovative technologies.   Businesses can get access to talent
                                                                  needs through digital solutions.                                                                    from A*STAR’s Research Institutes and
     Businesses can access subsidised                                                                                     Startup SG Equity Enhanced                  build in-house R&D capabilities.
     programmes including IP audit, IP                                                                                    To catalyse private sector investments
     strategy advisory, IP analytics and                          Operation and Technology
                                                                                                                          into local-based deep-tech startups with
     business/ legal clinics to accelerate                        Roadmap (OTR)                                           strong IP and global potential.
     translation of technologies, brands and
     IP to the market.                                            Development of technology roadmaps                      Startup SG Infrastructure
                                                                  to map out priorities that are aligned                  Provides physical spaces (e.g. LaunchPad
                                                                  to businesses’ strategies and                           @one-north) for startups to grow,
                                                                  developmental plans. Consortium OTR                     experiment and flourish.
                                                                  (COTR) is also available to cater to the
                                                                  needs of a group of companies.                          Startup SG Talent
                                                                                                                          Supports startups’ talent needs.
                                                                  PACT Programme

                                                                  Collaborate with other businesses to
                                                                  build capabilities, innovate and pursue
                                                                  new business opportunities in local and
                                                                  overseas markets. Funds up to 70% of
                                                                  qualifying activities.

                                                                  Singapore Institute of Food and
                                                                  Biotechnology Innovation (SIFBI)

                                                                  The new institute will strengthen
                                                                  Singapore’s R&D capabilities and
                                                                  support our food and biotechnology
                                                                  innovation ecosystem.
                                                                  The institute will officially open in April 2020.

        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
16                                                                                                                                                                                                                17
        where eligible.
Digitalisation                                              Automation Support Package
                                                                 (ASP)
                                                                                                                         job redesign will be supported for a
                                                                                                                         start. Businesses will be able to achieve
                                                                                                                                                                        solutions, with funding support from
                                                                                                                                                                        the Productivity Solutions Grant (PSG).
                                                                                                                         productivity gains, and offer more enriching
     Build stronger digital capabilities                         Until 31 March 2021, businesses can tap                 jobs with better wages for workers.            Grow Digital    New

     to seize growth opportunities in                            on grant, tax and loan support to defray                                                               Businesses can get a headstart in going
     the digital economy.                                        the cost of deployment of large-scale
                                                                                                                         SkillsFuture for Digital Workplace             global. Get support to leverage digital
                                                                 automation solutions.                                                                                  platforms and channels for access to
                                                                                                                         Helps businesses build digital confidence      a larger pool of consumers overseas,
                                                                                                                         in staff and equip them with the basic         and to test new markets. Businesses
                                                                 E-invoicing Registration Grant
                                                                                                                         digital skills required for the workplace      will also receive training and support to
                                                                   New
                                                                                                                         over a two-day course.                         enhance their e-commerce capabilities.
                                                                 • Businesses registered on the
                                                                   nationwide e-invoicing network on or                  SMEs Go Digital Programme
                                                                   before 31 December 2020 will receive                                                                   As part of the call for businesses to “Stay
                                                                   a one-time grant of $200. Businesses                  Businesses can tap on support available          Healthy, Go Digital”, IMDA has curated
                                                                   can register through more than 50 Peppol-             under SMEs Go Digital, a whole-of-               a set of resources for businesses to Go
                                                                   ready accounting and ERP solutions.                   government programme that helps                  Digital so that business can continue
                                                                 • Businesses incorporated on or before                  businesses develop digital capabilities.         despite challenges brought about by
                                                                   25 March 2020 and registered on the                                                                    COVID-19.
                                                                   network on or before 31 December 2020                 Advanced Digital Solutions New
                                                                   will automatically receive their grant via            Businesses can access up to 80%
                                                                   PayNow Corporate. There is no need to                 funding support to adopt advanced
                                                                   apply for the grant.                                  digital solutions from 1 May 2020 to 31
                                                                                                                         December 2020. These solutions will
                                                                                                                         help businesses deepen their digital
                                                                 Productivity Solutions Grant                            capabilities to strengthen business
                                                                 (PSG) Enhanced Enterprise Grow Package                  continuity measures and build resilience.

                                                                 From 1 April 2020 to 31 December 2020,                  Start Digital   Enterprise Grow Package
                                                                 the maximum support level will be raised
                                                                 from 70% to 80%.                                        Businesses can take up a Start Digital
                                                                                                                         Pack that provides simple Accounting,
                                                                 From 1 April 2020 to 31 December                        HR Management System & Payroll,
                                                                 2020, the scope of pre-approved digital                 Digital Marketing, Digital Transactions
                                                                 solutions under PSG will be expanded                    and Cybersecurity solutions. Businesses
                                                                 to help SMEs implement safe distancing                  can get a waiver of six months
                                                                 and business continuity measures.                       subscription fee for any two solutions
                                                                 These include tools for online workplace                with a minimum 18-months contract
                                                                 collaboration, virtual meetings, queue                  agreement.
                                                                 management and temperature
                                                                 screening.                                              SMEs Go Digital expands to more
                                                                                                                         sectors Enterprise Grow Package
                                                                 Businesses can also access a wider range                Businesses can use Industry Digital
                                                                 of pre-scoped solutions, including IT                   Plans (IDPs) as a step-by-step guide
                                                                 solutions and equipment, as well as                     on sector-specific digital solutions to
                                                                 consultancy services. Within consultancy,               adopt at each stage of business growth.
                                                                                                                         IDPs for more sectors are progressively
                                                                                                                         being developed.

                                                                                                                         Businesses can adopt a wide range of
                                                                                                                         pre-approved SME-friendly generic or
       Legend          MNCs and LLEs               Small and Medium Enterprises                 Micro Enterprises
                                                                                                                         sector-specific digital solutions, which
       *Key initiatives are designed to address businesses’ needs and businesses of any size can tap on any initiative   include AI, cybersecurity and cloud
18                                                                                                                                                                                                                      19
       where eligible.
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
     #03-18, Singapore 609431                 #04-31, Singapore 529684                Aquaculture Innovation Centre                     Food Innovation Resource Centre
     Tel: +65 6337 8381                       Tel: +65 6513 0388                      Temasek Polytechnic                               Singapore Polytechnic
     Email: enquiry@smecentre-sccci.sg        Fax: +65 6513 0399                      Dr Lee Chee Wee                                   Mr Zen Tan
                                              Email: enquiries@smecentre-asme.sg      Tel: +65 6780 6400                                Tel: +65 6870 4619
     SME Centre@SMCCI                                                                 Email: leecw@tp.edu.sg                            Email: zen_tan@sp.edu.sg
     15, Jalan Pinang                         SME Centre@NorthWest
     Singapore 199147                         Woodlands Civic Centre                  Dr Diana Chan Pek Sian                            Marine and Offshore Technology Centre of
     Tel: +65 6293 3822                       900, South Woodlands Drive              Tel: +65 6780 5383                                Innovation
     Fax: +65 6293 3905                       #06-01, Singapore 730900                Email: peksian@tp.edu.sg                          Ngee Ann Polytechnic
     Email: gadvisory@smecentre-smcci.sg      Tel: +65 6826 3020                                                                        Mr Ang Yee Kiang
                                              Fax: +65 6826 3021                      Ms Susila Krishnasamy                             Tel: +65 6460 8594
     SME Centre@SICCI                         Email: northwest@smecentre-smf.sg       Tel: +65 6780 4002                                Email: angyeekiang@np.edu.sg
     SICCI Building                                                                   Email: krishnas@tp.edu.sg
     31, Stanley Street                       SME Centre@SouthEast                                                                      Materials Centre of Innovation
     Singapore 068740                         1, Engku Aman Turn                      Centre of Innovation for Complementary            Institute of Materials Research and Engineering,
     Tel: +65 6508 0147                       #03-02, Wisma Geylang Serai             Health Products                                   A*STAR
     Fax: +65 6223 1707                       Singapore 408528                        Temasek Polytechnic                               Dr Leong Yew Wei
     Email: sme@smecentre-sicci.sg            Tel: +65 6513 0388                      Mr Martin Cai                                     Tel: +65 6874 3326
                                              Fax: +65 6513 0399                      Tel: +65 6780 1856                                Email: leongyw@imre.a-star.edu.sg
     SME Centre@ASME                          Email: enquiries@smecentre-asme.sg      Email: coi-chp@tp.edu.sg
     167, Jalan Bukit Merah                                                                                                             Precision Engineering Centre of Innovation
     #03-13, Tower 4, Singapore 150167        SME Centre@SouthWest                    Centre of Innovation for Electronics and IoT      Singapore Institute of Manufacturing Technology,
     Tel: +65 6513 0388                       The JTC Summit                          Nanyang Polytechnic                               A*STAR
     Fax: +65 6513 0399                       8, Jurong Town Hall Road                Mr John Fung                                      Mr Peter Shi
     Email: enquiries@smecentre-asme.sg       #26-06, Singapore 609434                Tel: +65 6550 0978                                Tel: +65 6590 3152
                                              Tel: +65 6316 1616                      Email: john_fung@nyp.edu.sg                       Email: zfshi@simtech.a-star.edu.sg
     SME Centre@SMF                           Fax: +65 6316 7250
     SMF House                                Email: southwest@smecentre-smf.sg       Centre of Innovation for Supply Chain
     2985, Jalan Bukit Merah                                                          Management
     Singapore 159457                                                                 Republic Polytechnic
     Tel: +65 6826 3020                                                               Mr Edmund Chan
     Fax: +65 6826 3021                                                               Tel: +65 9232 0228
     Email: query@smecentre-smf.sg                                                    Email: coi-scm@rp.edu.sg

     SME Centre@Central                                                               EcoLabs Centre of Innovation for Energy
     HDB Hub BizThree                                                                 Nanyang Technological University, Singapore and
     490, Lorong 6 Toa Payoh                                                          Sustainable Energy Association of Singapore
     #07-11, Singapore 310490                                                         Mr Mahesh Kumar
     Tel: +65 6715 7580                                                               Tel: +65 6904 1120
     Email: central@smecentre-sccci.sg                                                Email: mahesh.kumar@ntu.edu.sg

     SME Centre@Little India                                                          Environmental and Water Technology Centre
     Little India Arcade                                                              of Innovation
     48 Serangoon Road                                                                Ngee Ann Polytechnic
     #01-22, Singapore 217959                                                         Ms Ida Kwan
     Tel: +65 6508 0149                                                               Tel: +65 6460 8168
     Email: littleindia@smecentre-sicci.sg                                            Email: ida_kwan@np.edu.sg

20                                                                                                                                                                                         21
Notes   Notes

22                   23
24
For more information, please contact MTI at mti_email@mti.gov.sg /
              Enterprise Infoline at enquiry@enterprisesg.gov.sg
                         or refer to www.smeportal.sg.

Accurate as at April 2020
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