Government Grants

CTC Grant (COMPANY TRAINING COMMITTEE)

The Company Training Committee (CTC) partnership with NTUC offers a transformative approach for business and workforce development. CTCs, established by over 1,000 companies, collaborate with key leaders to create business roadmaps, undergo digital reboot programs, and redesign workforces for future needs. Success stories include Gardens by the Bay and Certact Engineering, showcasing increased productivity, workforce upskilling, and successful business diversification. NTUC provides a Training and Placement Ecosystem, supporting CTCs through Operation & Technology Roadmap processes. The new NTUC CTC Grant, managed by e2i, offers funding of up to 70% for qualifying transformation projects, fostering collaboration for enhanced enterprise capabilities and workforce skills.

Eligibility:
All SMEs including those without local share holders, charities and enterprises with manpower headcounts.

Find out more from https://www.e2i.com.sg/ctc/ or contact us directly to link with direct NTUC officers.

PSG (Productivity Solutions Grant)

SMEs are eligible for up to 50% Productivity Solutions Grant (PSG) support for the adoption of ePSProfessional, a Pre-Approved Solution under the IMDA SMEs Go Digital programme. Visit our PSG landing site for more details about the package: https://www.efusiontech.com/ecommerce-grants/

Our strengths are

– 20 year track record
– 100% local and dedicated team
– Custom and strategized design (no template)
– Opensource and extremely stable and user-friendly system
– Value-added features and services like CRM, SEO, Security and advisory
– Scalability to integrate with other platforms

For further information, please refer to https://www.gobusiness.gov.sg/productivity-solutions-grant/all-psg-solutions/

EDG (Enterprise Development Grant)

Spring Singapore’s Capability Development Grant (CDG) and International Enterprise Singapore’s Global Company Partnership (GCP) grant have been combined into the Enterprise Development Grant (EDG).

Enterprise Development Grants are administered by Enterprise Singapore (which is a merged entity of SPRING and IE Singapore). The objective is to provide holistic and cusomised support to local enterprises seeking to build deep capabilities, scale up, and internationalise.

You can get funding up to 50% if your project is approved.

For more information, please visit: https://www.enterprisesg.gov.sg/financial-support/enterprise-development-grant 

SkillFuture Enterprise Credit (SFEC)

With a combination of PSG and SFEC, local SMEs might be able to get more than just 80% funding for your eCommerce Website.  PSG covers 50% of the cost and SFEC can cover 90% the remaining out-of-pocket amount. This can work out to a maximum of 80% + 18% of the total PSG cost.

The SkillsFuture Enterprise Credit (SFEC) is created for businesses to advance in enterprise transformation and proficiencies of their employees. Eligible businesses will receive a one-off S$10,000 credit to cover up to 90% of out-of-pocket expenses on qualifying costs for supportable initiatives, over and above the support levels of existing schemes.

Qualifying Periods where you need to meet your eligibility:

• 1 April 2019 – 31 March 2020
• 1 July 2019 – 30 June 2020
• 1 October 2019 – 30 September 2020
• 1 January 2020 – 31 December 2020

To:

• Have contributed at least S$750 Skills Development Levy over the period
• Have employed at least three Singapore Citizens (SCs) or Permanent Residents (PRs) every month over the same period
• Have not been qualified at any of the earlier periods

SFEC Expansion (2022), Qualifying Periods where you need to meet your eligibility:

• 1 January 2021 – 31 December 2021

To:

• Have employed at least three Singapore Citizens (SCs) or Permanent Residents (PRs) every month over the qualifying period; and
• Have not been previously qualified for SFEC; and
• Are not in default of their SDL contributions during the qualifying period and do not have an inactive ACRA status during the qualification process.

Eligible businesses or employer who meet the following conditions will be notified in writing.

For more information about SFEC, please visit https://sfec-microsite.enterprisejobskills.gov.sg/home/

Tech-and-GO! Grant

Targeted at social service agencies (SSAs) and charities in Singapore, this grant works similarly to the PSG grant for SMEs. Eligible SSAs can get funding up to 80%, capped at $30,000 for pre-scoped IT solutions under this grant. The grant provides funding and assistance to help these organizations adopt digital solutions, enhancing their service delivery and operational efficiency. The initiative covers various tech solutions, including IT infrastructure, digital consultancy, and specialized software. Eligible applicants include SSAs and registered charities looking to leverage technology to improve their services and organizational capabilities.

To be eligible, your agency has to:

• Be a National Council of Social Service (NCSS) member or funded by the Ministry of Social and Family Development (MSF)

Applications have to be made directly to NCSS. For more information, please visit https://www.ncss.gov.sg/our-initiatives/tech-and-go

Market Readiness Assistance (MRA) Grant

Get up to 50% of eligible third-party costs supported under the Market Readiness Assistance (MRA) grant. This cover activities such as:

• Overseas market set-up (e.g. start an office and find a business development manager)
• Identification of business partners (e.g. business matching)
• Overseas market promotion (e.g. set up a booth in large exhibition)

This grant will most likely cease by 31 March 2025. Contact eFusion to find out more about business expansion to Vietnam, Taiwan, Malaysia, Australia, Cambodia, Philippines and Thailand.

For more information, visit https://www.enterprisesg.gov.sg/financial-support/market-readiness-assistance-grant