Get Funding for Your Digitalization
Greater support for more sector-specific solutions and a wider range of pre-scoped solutions for businesses beyond IT solutions and equipment.
Now you get up to 50% funding when you purchase AutoCount Accounting V2.0.
SMEs can apply for PSG if they meet the following criteria:
Here are the steps you can take when applying for PSG:
Get Funding for Your Digitalization
The SkillsFuture Enterprise Credit (SFEC) encourages employers to invest in enterprise transformation and capabilities of their employees. Eligible employers will receive a one-off S$10,000 credit to cover up to 90% of out-of-pocket expenses on qualifying costs for Autocount software, over and above the support levels of existing schemes.
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Qualifying Periods
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Eligibility Criteria
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SFEC (Budget 2020)
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1 April 2019 – 31 March 2020
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Employers must meet the following conditions over any of the qualifying periods:
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1 July 2019 – 30 June 2020
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Have contributed at least S$750 Skills Development Levy (SDL) over a qualifying period; and
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1 October 2019 – 30 September 2020
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Have employed at least three Singapore Citizens (SCs) or Permanent Residents (PRs) every month over the same qualifying period; and
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1 January 2020 – 31 December 2020
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Have not been qualified at any of the earlier periods
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Qualifying Periods
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Eligibility Criteria
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SFEC Expansion (Budget 2022)
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1 January 2021 – 31 December 2021
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Employers must meet the following conditions over the qualifying period:
- 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 qualification. |
Overview
From 1 April 2023, SMEs can receive up to 50% support for EDG.
Enterprise Development Grant
Today and into the future, companies that thrive are the ones that have strong business foundations and strategies, adopt technology and innovative processes, and grow their overseas presence.
The Enterprise Development Grant (EDG) helps Singapore companies grow and transform. This grant supports projects that help you upgrade your business, innovate or venture overseas, under three pillars:
As of 30 December 2020, Overseas Marketing Presence (OMP) will be supported under the Market Readiness Assistance Grant (MRA). Please refer here for more details.
What does the EDG support?
The grant funds qualifying project costs namely third party consultancy fees, software and equipment, and internal manpower cost.
Note: There are no pre-approved vendors for the EDG.
Who can apply?
To qualify for the EDG, you need to:
Applications will be assessed by Enterprise Singapore based on project scope, project outcomes and competency of service provider.
There are no compulsory application fees required for schemes offered by ESG. Any application fees quoted by individuals/ firms offering grant application services are not endorsed by the Government.
Eligible employers who fulfil the following criteria can also qualify for additional subsidies under the SkillsFuture Enterprise Credits (SFEC) scheme:
Find out how to apply for the EDG.
Note: From 1 April 2020, all EDG applications should include commitments to worker outcomes as part of the qualifying requirements. Worker outcomes include increase in wage increment, job creation, job re-design, or training for existing staff.
In addition, unionised companies and e2i partners under the Labour Movement are eligible to receive an additional 10% funding, subject to NTUC-e2i’s endorsement.