Supporting Our Businesses - Overcoming Challenges, Emerging Stronger - Ministry of Trade & Industry
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Supporting Our Businesses Overcoming Challenges, Emerging Stronger
Contents
02 Foreword
03 Stabilisation and Support Package
04 Deepening Capabilities to Capture Opportunities
Deepening Capabilities
06 Business Development and Leadership
08 Internationalisation
10 Jobs and Skills
13 Innovation
16 Digitalisation
Additional Resources
18 SME Centres
19 Centres of Innovation
1Foreword Stabilisation and Cashflow
Support Package Corporate Income Tax (CIT)
The global economy is undergoing a difficult time. Factors like the US-China trade war, Brexit Rebate New
and rising protectionist sentiments globally have contributed to this. The global outbreak of The Government’s immediate
A CIT Rebate of 25% of tax payable,
the COVID-19 (Coronavirus Disease 2019) is a current concern. priority is to help businesses stay capped at $15,000 per company, will be
viable and help businesses retain granted for Year of Assessment 2020.
Singapore businesses are feeling the impact and are understandably concerned. The their workers. The Government
immediate priority is to help businesses overcome the immediate challenges, while helping has introduced immediate relief Enterprise Financing Scheme -
them to emerge stronger in the long-term. measures to help businesses SME Working Capital Loan Enhanced
cope with the COVID-19 situation.
In the immediate term, the Government will help businesses cope with the impact of Together, businesses, industry Enhanced support for SMEs to access
partners and the Government can working capital loans of up to $600,000 to
COVID-19 and the supply chain disruptions from other countries’ containment measures. meet their financing needs.
The Stabilisation and Support Package contains measures to help businesses with their
overcome these challenges.
cash flows and tide over the sudden decline in demand. The Package also includes assistance
Property Tax (PT) Rebate New
to businesses to retain their workers.
A PT Rebate of 10%/15%/30% of property
Even as the Government and businesses deal with the immediate challenges, businesses tax payable for 2020 will be granted to
must also prepare to emerge stronger during the recovery. The global economy is qualifying commercial properties.
undergoing structural changes, with supply chains shifting and technological developments
accelerating. New opportunities will come with these shifts. Budget 2020 includes measures Employment
to transform our businesses so that they are well-positioned to capture future opportunities.
Adapt and Grow Enhanced
These measures will enable stronger partnerships, deepen enterprise capabilities and
develop our people. For example, smaller firms poised for growth can tap on the Enterprise Benefit from extended training and
Grow Package that will provide support for advisory services, technology adoption and salary support duration for redeployment
market access. More mature firms looking to scale up can tap on the Enterprise Transform programmes in affected sectors.
Package. This package will provide support for advisory services, leadership development,
market access, and capability deepening. These build on the Government’s efforts over the Jobs Support Scheme New
years to enhance support for businesses. Details of these efforts can be found under the
Get one-off support to offset 8% of wages
Deepening Capabilities segment of this booklet.
(up to a monthly wage cap of $3,600 per
employee) for three months for local
With the collective effort of businesses, industry partners working together with the employees.
Government, Singapore can emerge stronger and strengthen our position as a Global-Asia
Node of Technology, Innovation, and Enterprise. Wage Credit Scheme Enhanced
Receive 20% and 15% co-funding for
qualifying wage increases in 2019 and
2020 respectively for Singaporean
employees earning a gross monthly wage
of up to $5,000.
For more information, log on to www.singaporebudget.gov.sg
2 3Deepening Capabilities to Capture Opportunities
Even as businesses deal with today’s challenges, they also need to position themselves The Government will continue to provide support for businesses to do this at every stage,
for future opportunities. Businesses can do this by continuing to build capabilities and for every size of company and every business goal. Businesses must do their part by
transform so that they are well-equipped to leverage new opportunities. thinking through their business plans and goals. Together, we can grow the Singapore
enterprise landscape and become stronger.
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 EnterprisesBusiness Enterprise Development Grant
(EDG) Enterprise Transform Package
Executive-in-Residence New SkillsFuture Enterprise Credit
New Next Bound of SkillsFuture
Development and • Supports projects in three key
Support for trade associations
and business chambers to engage Please refer to full description on pg 11.
Leadership categories - core capabilities,
innovation and productivity, and
experienced professionals with
relevant expertise, and to match
internationalisation. them to businesses to assist in SkillsFuture Leadership
Build and enhance management
transformation, capability building, and Development Initiative
and enterprise capabilities to internationalisation efforts. (SkillsFuture LDI)
• Enhanced support of up to 70% to
grow the business. continue until 31 March 2023.
Businesses can leverage on SkillsFuture
GoBusiness e-adviser for LDI to develop and/or enhance their
Enterprise Financing Scheme (EFS) Government Assistance in-house leadership development
New Enterprise Grow Package
programmes (for example overseas
• Financing support to meet business assignments and cross-functional
needs at various stages of growth. Businesses can get customised rotations) to expand their pipeline of
• EFS covers six different areas – guidance on government assistance. Singaporean talent.
working capital, fixed assets, venture The e-adviser will recommend the most
debt, trade, projects, and mergers & relevant government assistance to
acquisitions. businesses via a guided set of questions SME Centre Enhancement -
• Stronger support for young on business needs. Partners for Business Growth
businesses. Enhanced Enterprise Grow Package
The e-adviser will be launched later in
For enhancements to the SME Working Capital 2020. • Pilot initiative for businesses that
Loan, please see pg 3. demonstrate ability to accelerate
GoBusiness Licensing growth and are keen to transform
Enterprise Leadership for Enhanced Enterprise Grow Package
their business in areas such as
Transformation (ELT) digitalisation, talent development and
internationalisation.
New Enterprise Transform Package Businesses can look forward to simpler,
faster and better processes when
• SME Centres will partner these
• Supports business leaders of transacting with the Government
businesses to jointly develop
promising SMEs in achieving the next through the GoBusiness Licensing
business plans and support
bound of growth, through structured portal. The portal currently provides
implementation efforts.
modular training in business growth new businesses in the food services
capabilities and business coaching in sector with a guided, streamlined
developing a business growth plan. journey for licensing applications. The Support for Job Redesign under
portal will be expanded later in 2020 Productivity Solutions Grant (PSG)
• Offers access to an alumni network to cover other key transactions by Enhanced Next Bound of SkillsFuture
for peer learning and collaboration. businesses with the Government.
Please refer to full description on pg 16.
• The ELT will be delivered by a network
of partners including Institutes Heartland Enterprise Upgrading
of Higher Learning (IHLs), financial Programme (HEUP) New PACT Programme
institutions, and industry experts.
An integrated support package for Please refer to full description on pg 14.
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
6 7
where eligible.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
• Expansion of scope to cover expenses
for overseas business missions. GRT has been enhanced to encourage Please refer to full description on pg 14.
more students to go abroad for
overseas internships and attachments,
Enterprise Development Grant deepening the talent pool for businesses.
SkillsFuture Enterprise Credit
(EDG) Enterprise Transform Package New Next Bound of SkillsFuture
Please refer to full description on pg 6. Grow Digital New Enterprise Grow Package
Please refer to full description on pg 11.
Growing Markets
Businesses can get a headstart in going
Enterprise Singapore Overseas global. Get support to leverage digital
Centres platforms and channels for access to
a larger pool of consumers overseas,
Businesses can tap on the support and to test new markets. Businesses
of Enterprise Singapore’s in-market will also receive training and support to
presence at over 35 international enhance their e-commerce capabilities.
locations to generate new business
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
8 9
where eligible.Jobs and Skills Capability Transfer Programme Lean Enterprise Development
Scheme
Professional Conversion
Programmes (PCPs), Place-and-
Provides funding support for businesses Train Programmes for Rank-and-
Support workers in their skills to bring in foreign specialists to transfer Provides grants and transitional foreign File Workers, Career Transition
training so that they remain new capabilities to local workers, or to manpower support to businesses
send local workers for training overseas
Programmes by Continuing
relevant with the changing needs undertaking transformation projects to
Education and Training (CET)
of the industry. to acquire new capabilities. become more manpower-lean.
Centres
Enhanced SkillsFuture Mid-Career Support Package
Career Support Programme National Centre of Excellence for
Workplace Learning (NACE) Receive course fee funding and/or
Salary support programme to encourage Enhanced Next Bound of SkillsFuture salary support for employers to hire and
employers to hire Singaporean PMETs
reskill local jobseekers.
who are unemployed and actively
Businesses can tap on this to build their
looking for jobs for 6 months or more,
in-house training system and workplace Enhanced wage support levels for
or workers aged 40 and above who
learning capabilities, as well as certify mature jobseekers at up to 90% under
have been made redundant.
workplace trainers using best-in-class Place-and-Train programmes.
training practices through customised
Career Trial solutions.
Senior Worker Early Adopter
Allows employers to assess jobseekers’
Grant New Senior Worker Support Package
job fit through a short-term trial before
Open Door Programme
Support businesses in raising their
offering employment.
Supports employers to hire and retain company-level retirement and re-
persons with disabilities through job employment age above the minimum
Enterprise Portal for Jobs & Skills redesign, training and placement statutory requirements.
services.
Businesses can explore information and
resources on relevant jobs and skills SkillsFuture Enterprise Credit
initiatives under SkillsFuture Singapore
P-Max New Next Bound of SkillsFuture
and Workforce Singapore via this one-
Helps SMEs to better recruit, manage Additional support for employers
stop portal to support their training and
and retain newly-hired PMETs through investing in workforce and enterprise
human capital development needs.
funding support and workshops on transformation.
progressive human resource practices.
Hiring Incentive Up to $10,000 credit per firm to cover
New SkillsFuture Mid-Career Support Package
Part-Time Re-employment Grant up to 90% out-of-pocket expenses
New Senior Worker Support Package
for workforce and/or enterprise
Support for employers who hire local transformation.
mid-career workers aged 40 and above
Support businesses that voluntarily
through reskilling programmes*.
commit to providing part time re- Support for Job Redesign under
employment to all eligible senior Productivity Solutions Grant (PSG)
*
Reskilling programmes eligible for the hiring
incentive are the PCPs, PnT programmes for workers that request for it. Enhanced Next Bound of SkillsFuture
rank-and-file workers, and career transition
programmes by CET centres.
Please refer to full description on pg 16.
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.Skills Framework SkillsFuture Work-Study
Programmes
Innovation A*STAR Collaborative Commerce
Marketplace (ACCM)
Businesses can use the Skills Framework Enhanced Next Bound of SkillsFuture
to design their human resource strategy Create new products and services An online platform that enables
and talent development plans. Each
Businesses can groom and hire fresh or enhance work processes businesses to network, form
framework provides key information on through technology and relationships, and foster collaborations
talent through Work-Study Programmes
the sector, career pathways, job roles, among local companies and large
from the Certificate to Post-Graduate collaboration.
existing and emerging skills required, multinational companies.
levels. Businesses will jointly design
and suggested training programmes.
and deliver with Institutes of Higher
Learning (IHLs) and appointed private Centres of Innovation (COIs)
SkillsFuture JumpStart! Workshop providers.
Support businesses in the development
Businesses can learn about the and testing of new technology
available jobs and skills resources and
TechSkills Accelerator (TeSA)
Enhanced products, through provision of facilities,
grants through this specially curated consultancy, training, and technical
workshop. services in specific sectors.
Supports both current information
and communications technology (ICT)
SkillsFuture Series professionals and non-ICT professionals Digital Services Lab
to upgrade and acquire new skills and
Businesses can use these short, domain knowledge that are in demand, Businesses partner with IMDA, tech
industry-relevant programmes to train and to stay competitive and meet the providers and research institutions to
employees in emerging and priority challenges of a fast-moving digital co-develop digital solutions to address
areas, namely data analytics, finance, landscape. sector-wide challenges.
tech-enabled services, digital media,
cybersecurity, entrepreneurship, TeSA’s Company-Led Training
advanced manufacturing and urban Programme will be enhanced to provide Enterprise Development Grant
solutions. more support for businesses looking to (EDG) Enterprise Transform Package
hire and train mature PMETs aged 40
and above. Please refer to full description on pg 6.
Headstart Program
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
12 13
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
14 15
where eligible.Digitalisation Automation Support Package
(ASP)
SMEs Go Digital expands to more
sectors Enterprise Grow Package
Businesses can use Industry Digital
Build stronger digital capabilities Businesses can tap on grant, tax and Plans (IDPs) as a step-by-step guide
to seize growth opportunities in loan support to defray the cost of on sector-specific digital solutions to
the digital economy. deployment of large-scale automation adopt at each stage of business growth.
solutions, supported until 31 March 2021. IDPs for more sectors are progressively
being developed.
Productivity Solutions Grant
Businesses can adopt a wide range of
(PSG) Enhanced Enterprise Grow Package pre-approved SME-friendly generic or
sector-specific digital solutions, which
Businesses can access a wider range include AI, cybersecurity and cloud
of pre-scoped solutions, including IT solutions, with funding support from
solutions and equipment, as well as the Productivity Solutions Grant (PSG).
consultancy services. Within consultancy,
job redesign will be supported for a Grow Digital New
start. Businesses will be able to achieve
productivity gains, and offer more Businesses can get a headstart in going
enriching jobs with better wages for global. Get support to leverage digital
workers. platforms and channels for access to
a larger pool of consumers overseas,
and to test new markets. Businesses
SkillsFuture for Digital Workplace will also receive training and support to
enhance their e-commerce capabilities.
Helps businesses build digital confidence
in staff and equip them with the basic
digital skills required for the workplace
over a two-day course.
SMEs Go Digital Programme
Businesses can tap on support available
under SMEs Go Digital, a whole-of-
government programme that helps
businesses develop digital capabilities.
Start Digital Enterprise Grow Package
Businesses can take up a Start Digital
Pack that provides simple Accounting,
HR Management System & Payroll,
Digital Marketing, Digital Transactions
and Cybersecurity solutions. Businesses
can get a waiver of six months
subscription fee for any two solutions
with a minimum 18-months contract
agreement.
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.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
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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.
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