Emerging Stronger Together - Supporting Our Businesses - MTI
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Emerging Stronger Together Supporting Our Businesses
BUDGET 2021
Foreword
Deputy Prime Minister, Coordinating Minister for Economic Policies, and Minister for Finance
Contents Heng Swee Keat delivered the 2021 Budget Statement in Parliament on 16 February 2021 and
announced various schemes to support Singaporeans, workers and businesses.
We have transitioned our broad-based support to more targeted ones for firms, especially
01 Foreword those in the hardest-hit sectors. A series of measures have been introduced to preserve core
capabilities and the focus has shifted from job retention to job creation in growth sectors.
We have also been encouraging businesses to transform by helping them digitalise, adopt new
02 COVID-19 Relief Measures technology, innovate, collaborate and gain access to global markets.
02 Credit
The focus of Budget 2021 is on Emerging Stronger Together. This is the window of opportunity
03 Cashflow to position ourselves for a different world, post-COVID-19. We will act to secure a better future,
with innovative businesses and good jobs for Singaporeans. Three key enablers – the spirit of
03 Cost innovation and enterprise, financial capital, and human capital – will help us to create innovative
businesses, good and meaningful jobs and opportunities, rising incomes, and confidence about
our collective future. Companies can find details of the relevant schemes in this booklet.
04 Deepening Capabilities to Seize The Government will continue to work closely with our businesses, workers and industry
Opportunities and Build Resilience partners to build our economic resilience. Together, we will overcome this crisis and emerge
stronger.
06 Business Development and Leadership
09 Internationalisation
12 Jobs and Skills
16 Digitalisation
19 Innovation
22 Sustainability
24 Additional Resources
24 SME Centres
25 Centres of Innovation
1BUDGET 2021
COVID-19 Relief Credit Temporary Bridging Loan
Programme (TBLP)
Cost
Measures Enterprise Financing Scheme –
The TBLP was introduced in Budget 2020
Foreign Worker Levy (FWL) Rebate
Trade Loan (EFS-TL) to provide additional working capital Firms in the Construction, Marine Shipyard
The Government has introduced support for enterprises.
The EFS-TL (formerly known as Loan and Process (CMP) sectors can receive FWL
additional measures to support • The TBLP has been extended for rebates from April 2020 to December 2021
Insurance Scheme Plus) supports
businesses and to preserve jobs and enterprises’ trade financing needs. It was another six months, from 1 April 2021 ($90 for each Work Permit holder from
livelihoods. earlier enhanced in April 2020 to provide to 30 September 2021. October 2020 to December 2021).
higher Government risk-share of 90% and • The maximum loan quantum is $5
higher maximum loan quantum of $10 million till 31 March 2021. It will be
million. lowered to $3 million from 1 April 2021
• The enhanced EFS-TL has been to 30 September 2021. Sectoral Packages
extended for another six months, from • The Government’s risk-share of loans
1 April 2021 to 30 September 2021. is 90% till 31 March 2021. It will be Additional support will be provided to
• The maximum loan quantum will lowered to 70% from 1 April 2021 to 30 hard-hit sectors to help businesses preserve
remain at $10 million from 1 April 2021 September 2021. core capabilities and emerge stronger.
to 30 September 2021. Businesses may approach the relevant
• The Government’s risk-share of loans Cashflow agencies for further information.
will be lowered to 70% from 1 April
2021 to 30 September 2021. Jobs Support Scheme (JSS) Extended • Arts & Culture Resilience Package (Ministry of
Culture, Community and Youth/ National Arts
The JSS was introduced in Budget 2020 Council) Enhanced
Enterprise Financing Scheme – to provide wage support for employers
Project Loan (EFS-PL) to retain their local employees during • SingapoRediscovers Vouchers (Singapore
this period of economic uncertainty. It Tourism Board)
The EFS-PL has been enhanced from 1
January 2021 to 31 Mar 2022 to support has been extended for firms in Tier 1 and • Sports Resilience Package (Ministry of Culture,
project loans for domestic construction 2 sectors by up to six months, covering Community and Youth/ SportSG) Enhanced
projects, in addition to overseas projects. wages paid up to September 2021.
• Tier 1 sectors (Aviation, Aerospace and • Tourism Development Grants (Singapore
• The maximum loan quantum for
Tourism) that are currently receiving Tourism Board) Enhanced
domestic project loans is $30 million.
50% JSS support, will receive 30%
• The Government’s risk-share of loans is support for wages paid from April to
up to 70%. June 2021 and 10% support for wages
paid from July to September 2021.
Special Situation Fund for • Tier 2 sectors (e.g. Food Services,
Startups (SSFS) Retail, Marine & Offshore, and Arts
and Entertainment) that are currently
$285 million has been set aside for
receiving 30% JSS support will receive
the Government to invest in selected
10% support for wages paid from April
startups with private sector co-investors
to June 2021.
on a 1:1 basis. This is to sustain startup
innovation and entrepreneurship • Tier 3A sectors will continue to receive
activities during the COVID-19 10% JSS support for wages paid from
pandemic. The scheme will end when September 2020 to March 2021.
the funds are fully committed, or by 31 • Employers that are not allowed to
October 2021, whichever is earlier. resume on-site operations currently
receive Tier 1 JSS support for wages
paid up to March 2021. For wages paid
from April 2021 onwards, JSS support
Legend MNCs and LLEs Small and Medium Enterprises Micro Enterprises
will revert to the firms’ base JSS tier.
*Key initiatives are designed to address businesses’ needs and businesses of any size can tap on any initiative
where eligible.
2 3BUDGET 2021 BUDGET 2021
Deepening Capabilities to Capture Opportunities and Build Resilience
The Government is committed to supporting our businesses through the short-term The Government will continue to provide support for businesses to build capabilities at
challenges while working with them to build up capabilities to be better prepared for the every stage, for every size of company and every business goal. Businesses can do their
recovery. part by developing their business plans and goals.
• A*STAR Partners’ Centre @ Suzhou • Investment Allowance for Emissions
Industrial Park (SIP) (A*PC) Reduction (IA-ER)
Support for businesses at every • Capability Transfer Programme • Jobs Growth Incentive (JGI)
stage, for every size • Corporate Venture Launchpad • Jobs Support Scheme (JSS)
and for every business goal. Revenue: New or • Digital Leaders Programme • Open Innovation Platform (OIP)
• Double Tax Deduction for • Scale-up SG
MNCs >S$100mil Enhanced
Internationalisation (DTDi) • SGUnited Traineeships (SGUT) / SGUnited
and LLEs • Emerging Technology Programme Mid-Career Pathways Programmes (SGUP)
• Enterprise Development Grant (EDG) • SkillsFuture Work-Study Programmes
• Enhanced Training Support Package • Southeast Asia Manufacturing Alliance (SMA)
• Enterprise Financing Scheme (EFS) • Wage Credit Scheme
• Global Innovation Alliance (GIA)
• 100% Investment Allowance • Investment Allowance for Emissions
Medium Revenue: • A*STAR Partners’ Centre @ Suzhou Reduction (IA-ER)
Enterprises S$10mil - S$100mil Industrial Park (SIP) (A*PC) • Jobs Growth Incentive (JGI)
• Capability Transfer Programme • Jobs Support Scheme (JSS)
• Chief Technology Officer-as-a-Service • Market Readiness Assistance (MRA)
(CTOaaS) • Open Innovation Platform (OIP)
New or • Corporate Venture Launchpad • Productivity Solutions Grant (PSG)
Enhanced • Digital Leaders Programme • Scale-up SG
• Double Tax Deduction for • SGUnited Traineeships (SGUT) / SGUnited
Internationalisation (DTDi) Mid-Career Pathways Programmes (SGUP)
• Emerging Technology Programme • SkillsFuture Work-Study Programmes
Revenue: • Enhanced Training Support Package • SME Centre Enhancement – Specialist
Small Enterprises S$1mil - S$10mil • Enterprise Development Grant (EDG) Advisors
• Enterprise Financing Scheme (EFS) • Southeast Asia Manufacturing Alliance
• Enterprise Sustainability Programme (ESP) (SMA)
• Global Innovation Alliance (GIA) • Wage Credit Scheme
• A*STAR Partners’ Centre @ Suzhou • Jobs Growth Incentive (JGI)
Industrial Park (SIP) (A*PC) • Jobs Support Scheme (JSS)
• Capability Transfer Programme • Open Innovation Platform (OIP)
• Chief Technology Officer-as-a-Service • Productivity Solutions Grant (PSG)
Revenue: (CTOaaS) • SGUnited Traineeships (SGUT) / SGUnited
Micro Enterprises New orBUDGET 2021
Business Enterprise Development Grant
(EDG) Enhanced
Enterprise Leadership for
Transformation (ELT)
National Centre of Excellence for
Workplace Learning (NACE)
Development and • Businesses can tap on support for • Supports business leaders of Supports companies to build their
promising SMEs in achieving the next
Leadership projects in three key areas - core
capabilities, innovation and productivity, bound of growth, through structured
in-house and workplace learning
capabilities, as well as certify workplace
and internationalisation. modular training in business growth trainers using best-in-class training
Build and enhance management and • Enhanced support to cover up to 80% of capabilities and business coaching in practices through customised solutions.
enterprise capabilities to grow the qualifying costs has been extended until developing a business growth plan.
business. 31 Mar 2022. • Offers access to an alumni network
for peer learning and collaboration.
PACT Programme
• Unionised enterprises and Employment
and Employability Institute (e2i) partners • The ELT is delivered by a network Supports mutually beneficial
under the Labour Movement can qualify of partners including Institutes of collaborations between companies
for an additional 10% funding, subject to Higher Learning (IHLs), financial driven by a lead enterprise, to build
NTUC-e2i’s endorsement. institutions, and industry experts. capabilities, innovate and pursue new
business opportunities in local and
Executive-in-Residence overseas markets. Funds up to 70% of
Enterprise Financing Scheme (EFS)
qualifying costs.
Enhanced
Supports trade associations and
business chambers in engaging
• Provides support for businesses at Scale-up SG Enhanced
experienced professionals with
various stages of growth to access
relevant expertise, and matches Enhanced support to cover up to 80% of
financing.
them to businesses to assist in qualifying costs has been extended until
• EFS covers six different areas – working
transformation, capability building, and 31 Mar 2022.
capital, fixed assets, venture debt, trade,
internationalisation efforts.
projects, and mergers & acquisitions.
• Stronger support for young businesses. SkillsFuture Enterprise Credit (SFEC)
GoBusiness Gov Assist e-Adviser
Refer to pg 2-3 for details on Temporary Please refer to full description on pg 14.
Bridging Loan Programme (TBLP) and The e-Adviser guides businesses to
enhancements to EFS-Trade Loan and EFS- relevant assistance schemes via a series
Project Loan. of questions based on their business
profile and needs.
The maximum loan quantum supported
for EFS-Venture Debt will be raised from $5 Heartland Enterprise Upgrading
million to $8 million. Programme (HEUP)
An integrated support package for
selected Merchants’ Associations to
implement holistic precinct rejuvenation
plans, through infrastructural
improvements, place-making activities,
capability upgrading projects, and
training for businesses and workers.
Legend MNCs and LLEs Small and Medium Enterprises Micro Enterprises
*Key initiatives are designed to address businesses’ needs and businesses of any size can tap on any initiative
where eligible.
6 7BUDGET 2021 BUDGET 2021
SkillsFuture Leadership
Development Initiative
Support for Job Redesign under
Productivity Solutions Grant (PSG)
Internationalisation A*STAR Partners’ Centre @
Suzhou Industrial Park (SIP)
(SkillsFuture LDI) Enhanced
Venture overseas and seize (A*PC) New
Businesses can leverage on SkillsFuture Please refer to full description of PSG
opportunities from regional and • A*PC supports “regional-ready”
LDI to develop and/or enhance their on pg 17. global markets. Singapore enterprises as they embark
in-house leadership development on R&D and commercialisation in
programmes (for example overseas Provides enterprises with funding China via Suzhou Industrial Park (SIP),
assignments and cross-functional support to work with pre-approved with the aim to capture opportunities
rotations) to expand their pipeline of job redesign consultants to redesign in Jiangsu and the greater Yangtze
Singaporean talent. work processes, tasks, duties and River Delta (YRD) region.
responsibilities to support business • A*PC’s partner companies can
transformation needs. leverage A*STAR’s scientific
SkillsFuture Queen Bee (SFQB) expertise and capabilities to build
• From 16 Feb 2021 to 31 Mar 2022,
Please refer to full description on pg 15. PSG-JR will be enhanced to provide R&D competencies and co-develop
stronger support for employers to technologies with A*STAR in
engage pre-approved job redesign Singapore, focusing on areas such as
SME Centre Enhancement – biomedical sciences, nanotechnology,
Specialist Advisors Enhanced consultants.
• Employers can receive up to 80% and advanced manufacturing, before
Specialist Advisors at SME Centres will funding support for job redesign productising these technologies for
provide in-depth support to enterprises consultancy, capped at $30,000 per the China market. These companies
in specific areas such as digitalisation company, for approved projects. can accelerate the pace of their R&D
and financing advice. This complements and innovation by tapping on A*PC’s
the existing suite of services provided facilities and laboratories.
by SME Centres, including business
diagnosis and advisory services, Double Tax Deduction for
capability workshops and group- Internationalisation (DTDi) Enhanced
based upgrading projects. Firms can
approach any of the SME Centres for an • Businesses are allowed a tax deduction
appointment. of 200% on qualifying market expansion
and investment development expenses,
subject to approval from Enterprise
Singapore or Singapore Tourism Board
(STB).
• No prior approval is required from
Enterprise Singapore or STB for tax
deduction on the first $150,000 of
qualifying expenses incurred on
automatic DTDi activities.
• The following enhancements to the
DTDi will take effect for qualifying
expenses incurred on or after 17
February 2021:
• Enhancement to scope of the
DTDi to cover specified expenses
incurred to participate in virtual
trade fairs approved by Enterprise
Singapore.
• Expansion of the list of qualifying
expenses for overseas investment
study trip to include logistics costs
Legend MNCs and LLEs Small and Medium Enterprises Micro Enterprises
to transport materials/samples
*Key initiatives are designed to address businesses’ needs and businesses of any size can tap on any initiative used during the investment trips.
where eligible.
8 9BUDGET 2021 BUDGET 2021
• Inclusion of five additional Global Ready Talent Programme Southeast Asia Manufacturing • Eligible companies that invest
qualifying activities under the (GRT) Alliance (SMA) New in both Singapore and regional
automatic DTDi list, up to the current industrial parks as part of the SMA
annual expense cap of $150,000. Supports Singapore businesses to • The SMA is a tripartite programme network can apply for a number
train and deepen in-market knowledge between EDB, ESG and private sector of benefits, including: (i) supplier
of their Singaporean employees and partners, to promote a network of identification and matching service;
Enterprise Development Grant supports students of local IHLs to go on industrial parks to manufacturers (ii) differentiated tier of pricing for
(EDG) Enhanced internships. who are interested to invest in logistics services; (iii) facilitation
Please refer to full description on pg 6. both Singapore and the region. The and support for Industry 4.0 pilot
Grow Digital alliance will help businesses grow implementation programmes with
their manufacturing footprint in Singapore solution providers; and
Enterprise Financing Scheme Businesses can get a head start in going Southeast Asia and diversify their (iv) support for eligible innovation
(EFS) Enhanced global. Get support to leverage digital supply chains. activities undertaken in Singapore.
platforms and channels for access to
Please refer to full description on pg 6.
a larger pool of consumers overseas,
and to test new markets. Businesses
Enterprise Singapore Overseas can also receive training and support to
Centres enhance their e-commerce capabilities.
Businesses can tap on the support
of Enterprise Singapore’s in-market Market Readiness Assistance
presence at over 35 international (MRA) Enhanced
locations to generate new business
leads, find business partners and • Businesses can tap on the MRA for
acquire new technologies and in-depth FTA consultancy and support
capabilities. for overseas business development.
• Under MRA, businesses may also
apply for a premium subsidy when
Global Innovation Alliance (GIA) taking up trade credit insurance to
New
Enhanced protect themselves against buyer
default.
Businesses can gain access to • Enhanced support to cover up to 80%
overseas partners for co-innovation of qualifying costs has been extended
and market expansion. Under GIA until 31 Mar 2022.
phase 2, we will scale up the network
of overseas partners and expand the
scope of GIA to include ESG’s co- PACT Programme
innovation programmes (CIPs). CIPs Please refer to full description on pg 7.
are cross-border platforms that connect
Singapore-based enterprises with
overseas partners. SkillsFuture Enterprise Credit (SFEC)
Please refer to full description on pg 14.
GlobalConnect@SBF
Provides market advisory services and
trusted in-market business connections
to Singapore businesses seeking to
establish and expand their presence in
Southeast Asia and other markets.
Legend MNCs and LLEs Small and Medium Enterprises Micro Enterprises
*Key initiatives are designed to address businesses’ needs and businesses of any size can tap on any initiative
where eligible.
10 11BUDGET 2021 BUDGET 2021
Jobs and Skills Jobs Growth Incentive (JGI)
Enhanced SGUnited Jobs and Skills Package
Career Conversion Programmes
SGUnited Jobs and Skills Package
Lean Enterprise Development
Scheme
Support workers in their skills Supports employers who hire local Provides grants and transitional foreign
Help local jobseekers reskill and make
training so that they remain relevant jobseekers, whereby there is an career transitions by supporting manpower support to businesses
with the changing needs of the increase in overall local workforce size employers in hiring and training undertaking transformation projects to
industry. and increase in local workforce earning workers. Employers may receive course become more manpower-lean.
more than or equals to $1,400/ month, fee funding and salary support of up to
compared to their local workforce in the 90% during the period of reskilling for Open Door Programme
baseline month. For new hires made mid-career jobseekers.
between September 2020 and February Supports employers to hire, train and
2021 (inclusive), the baseline month integrate persons with disabilities into the
is August 2020. For new hires made Career Trial workforce through recruitment and job
between March 2021 and September Allows employers and jobseekers to support services, training grant as well as a
2021 (inclusive), the baseline month is assess job fit through a short-term trial. Job Redesign Grant.
February 2021. Employers receive salary support if they
• The support is 25% on the first $5,000 offer employment paying at least $1,500
of gross monthly wages paid to all
Part-Time Re-employment Grant
(for full-time position) or $750 (for part-
new local hires for up to 12 months. time position) at the end of the trial. Supports businesses that provide part-
• For mature local hires aged 40 and time re-employment opportunities to
above, all persons with disabilities, all eligible senior workers who request
and ex-offenders, the support is 50% Enabling Employment Credit for it.
on the first $5,000 of gross monthly Provides wage offsets to employers of • From 16 Feb 2021, companies will
wages for wages from September Singaporean persons with disabilities be required to adopt the Tripartite
2020 to February 2021, and 50% on aged 13 and above and earning below Standard on Age-Friendly Workplace
the first $6,000 of gross monthly $4,000 per month. They receive a wage Practices to qualify for the grant.
wages for wages from March 2021 offset of up to 20%, capped at $400 per
onwards for up to 18 months. month. In addition, employers hiring Senior Worker Early Adopter
persons with disabilities who had not Grant
Capability Transfer Programme been working for the past six months
Extended prior to being hired will receive an Supports businesses in raising their
additional wage offset of 10%, capped at company-level retirement and re-
Provides funding support for businesses $200 per month, for the first six months employment age above the minimum
to (i) bring foreign specialists into of employment. statutory requirements.
Singapore to train their local employees • From 16 Feb 2021, the grant will
in new capabilities on a time-limited be streamlined to a single tier to
Enhanced Training Support for
basis; (ii) send local trainees for benefit companies who increase
SMEs (ETSS) their internal retirement and re-
overseas training attachments to
acquire new capabilities; and (iii) employment ages by three years
Higher course fee subsidies and absentee
support local specialists (who were or more. Companies will also be
payroll funding when SMEs sponsor their
previously trained by foreign specialists required to adopt the Tripartite
employees to attend courses supported
or trained overseas) conducting Standard on Age-Friendly Workplace
by SSG.
capability transfer training for locals. Practices to qualify for the grant.
Enhanced Training Support
Package
Extended SGUnited Jobs and Skills Package
Provides time-limited enhancements
to course fee subsidies for employers
in sectors directly affected by the
Legend MNCs and LLEs Small and Medium Enterprises Micro Enterprises
COVID-19 outbreak when they sponsor
*Key initiatives are designed to address businesses’ needs and businesses of any size can tap on any initiative their workers for eligible courses, and
where eligible. enhanced absentee payroll (AP) rates for
12 13
all employers.BUDGET 2021 BUDGET 2021
SGUnited Traineeships (SGUT) / SkillsFuture Queen Bee (SFQB) TechSkills Accelerator (TeSA)
SGUnited Mid-Career Pathways SGUnited Jobs and Skills Package
Businesses can build industry relevant
Programmes (SGUP) skills by participating in projects and • Supports both current information
Enhanced SGUnited Jobs and Skills Package
training programmes curated by and communications technology
the SFQB companies. Participating (ICT) professionals and non-ICT
Supports businesses that are unable
SMEs can also access a skills support professionals to upgrade and acquire
to hire immediately in accessing talent
ecosystem through advisory from the new skills and domain knowledge that
to support their business needs, and
SFQBs to diagnose and identify their are in demand, and to stay competitive
tap on Government funding during the
skills needs. and meet the challenges of a fast-
duration of the traineeship or attachment
moving digital landscape.
in preparation for economic recovery.
SkillsFuture Series • TeSA’s Company-Led Training
Programme has been enhanced to
Skills Frameworks Businesses can use these short, industry- provide more support for businesses
relevant programmes to train employees looking to hire, and Mid-Career
Provides reference information
in emerging and priority areas, namely Advance Programme will train mature
for businesses to design their
data analytics, finance, tech-enabled PMETs aged 40 and above.
human resource strategy and talent
services, digital media, cybersecurity,
SGUnited Jobs and Skills Schemes development plans. Each framework
entrepreneurship, advanced
provides key information on the sector, Wage Credit Scheme Extended
for Persons with Disabilities manufacturing and urban solutions.
career pathways, job roles, existing and
emerging skills required, and suggested • Provides co-funding of wage
Enhances access to employment and
training programmes. SkillsFuture Work-Study increments for Singaporean employees
training opportunities for persons with
earning a gross monthly wage of up to
disabilities amid COVID-19 through Programmes Enhanced
$5,000.
three types of programmes - Place-
SkillsFuture Enterprise Credit (SFEC) • Businesses can groom and hire • Extended by one year at a co-funding
and-Train (PnT) programmes, Attach-
fresh talent through Work-Study level of 15%.
and-Train (AnT) programmes and Skills • Additional support for employers
Programmes across Certificate,
Development Programmes (SDP). investing in workforce and enterprise
Diploma, Post-Diploma, and Degree
The schemes will lower the costs for transformation.
levels. Businesses will jointly design
employers, host companies and training • Up to $10,000 credit per firm to cover
and deliver with Institutes of Higher
providers in offering these opportunities up to 90% out-of-pocket expenses
Learning (IHLs) and appointed private
to persons with disabilities. on qualifying costs for workforce
providers.
and/or enterprise transformation
• Participating companies on Place-
SGUnited Jobs – HR Programme programmes.
and-Train Work-Study Programmes
Manager Initiative (HRPM) will receive time-limited COVID-19
SkillsFuture JumpStart! Workshop wage support for eligible trainees
The Singapore Business Federation (new).
(SBF) has been appointed by ESG and Businesses can learn about the
WSG as the central coordinator for this available jobs and skills resources and
initiative, where SBF works with other grants through this specially curated Support for Job Redesign under
TACs to assist in employment facilitation workshop. Productivity Solutions Grant (PSG)
efforts amongst member companies. Enhanced
This programme, which involves
business-to-business (B2B) matching, Please refer to full description of PSG
complements other channels (e.g. the on pg 17.
MyCareersFuture portal) by making the
job matching process more proactive
through company-to-company
brokering, facilitated by HRPMs.
Legend MNCs and LLEs Small and Medium Enterprises Micro Enterprises
*Key initiatives are designed to address businesses’ needs and businesses of any size can tap on any initiative
where eligible.
14 15BUDGET 2021 BUDGET 2021
Digitalisation 100% Investment Allowance
Extended
Emerging Technology
Programme New
Build stronger digital capabilities to • To continue supporting businesses, Co-funds the costs of trials and adoption
seize growth opportunities in the especially SMEs, to embark on large- of frontier technologies like 5G, artificial
digital economy. scale automation projects, the 100% intelligence, and trust technologies.
Investment Allowance (IA) will be
extended for another two years until Hawkers Go Digital
31 Mar 2023. Projects that receive
the Enterprise Development Grant • To encourage adoption of e-payments
under the Productivity and Innovation in hawker centres, wet markets, coffee
thrust may be eligible for the 100% IA, shops and industrial canteens, a bonus
subject to conditions. of $300 will be given per month, over a
• The 100% IA will be provided on period of five months.
the amount of approved capital • Bonus eligibility period was extended
expenditure, net of any grants from 31 December 2020 to 31 May
received for the same qualifying 2021, to provide more time for
expenditure. stallholders to adopt the e-payment
solution.
Digital Leaders Programme New
Industry Digital Plans
Enables promising, high-potential local
companies to become digital leaders by Sector-specific Industry Digital Plans
equipping them with digital capabilities provide step-by-step guides on the Productivity Solutions Grant
and talent to transform their business relevant digital solutions that SMEs can
(PSG) Enhanced
models and capture new growth adopt and suitable employee training
opportunities. at each stage of their growth. SMEs that • Businesses can access a wide range
adopt pre-approved digital solutions as of pre-scoped solutions, including IT
recommended in the Industry Digital solutions, equipment, and consultancy
Enterprise Development Grant
Plans can also receive funding support services (e.g. job redesign). Businesses
(EDG) Enhanced from PSG. will be able to achieve productivity
Please refer to full description on pg 6. gains and offer more enriching jobs
Open Innovation Platform (OIP) with better wages for workers.
Enhanced • Enhanced support to cover up to 80%
of qualifying costs has been extended
Provides a structured process to support until 31 Mar 2022.
businesses and Trade Associations &
Chambers in identifying possible areas SkillsFuture for Digital Workplace
of digital innovation and matching them
with solution providers. Platform has Helps businesses build digital confidence
been enhanced with new features to in staff and equip them with the basic
enable better matching, testing and digital skills required for the workplace
development. over a two-day course.
Legend MNCs and LLEs Small and Medium Enterprises Micro Enterprises
*Key initiatives are designed to address businesses’ needs and businesses of any size can tap on any initiative
where eligible.
16 17BUDGET 2021
SMEs Go Digital Programme Innovation A*STAR Collaborative Commerce
Marketplace (ACCM)
Businesses can tap on support available
under SMEs Go Digital, a whole-of- Create new products and services An online platform which businesses
government programme that helps or enhance work processes through can use to find partners, solutions and
businesses develop digital capabilities. technology and collaboration. network for innovation opportunities.
Start Digital
Businesses can take up a Start Digital Centres of Innovation (COIs)
Pack that provides simple Accounting, Supports businesses in the
HR Management System & Payroll, development and testing of new
Digital Marketing, Digital Transactions, technology products, through provision
Digital Collaboration and Cybersecurity of technical consultancy services,
solutions. Businesses can get a waiver access to specialty equipment, and IP
of six months subscription fee for any translation services.
two solutions with a minimum 18-month
contract agreement.
Corporate Venture Launchpad
Grow Digital New
Businesses can get a headstart in going
global. Get support to leverage digital Provides co-funding for corporates to
platforms and channels for access to build new ventures through pre-qualified
a larger pool of consumers overseas, venture studios.
and to test new markets. Businesses
will also receive training and support to Digital Services Lab
enhance their e-commerce capabilities.
Businesses partner with IMDA, tech
Advanced Digital Solutions providers and research institutions to
Businesses can access up to 80% co-develop digital solutions to address
funding support to adopt advanced sector-wide challenges.
digital solutions. These solutions will
help businesses deepen their digital Enterprise Development Grant
capabilities to strengthen business
(EDG) Enhanced
continuity measures and build resilience.
Please refer to full description on pg 6.
Chief Technology Officer-as-a-Service Digital Resilience Bonus
(CTOaaS) New Provides additional support for enterprises
Supports SMEs to uncover their to uplift their digital capabilities for Enterprise Financing Scheme (EFS)
Enhanced
digitalisation needs and transform business growth.
their business operations through • Up to $5,000 bonus for F&B and
Please refer to full description on pg 6.
professional IT consultancies offering retail enterprises that adopt PayNow
end-to-end digital advice, from digital Corporate and InvoiceNow, as well
consultancy tailored to business needs, to as business process or e-commerce Headstart Programme
downstream project implementation. solutions, between 1 June 2020 and 30
June 2021. Improves SMEs’ access to intellectual
• Additional $5,000 bonus for enterprises property (IP) by providing royalty-
that adopt digital solutions for data free and exclusive licences for up to
mining and analytics. 36 months, for IP co-developed with
A*STAR.
Legend MNCs and LLEs Small and Medium Enterprises Micro Enterprises
*Key initiatives are designed to address businesses’ needs and businesses of any size can tap on any initiative
where eligible.
18 19BUDGET 2021
Innovation Advisors Programme* Open Innovation Network (OIN) Startup SG Tech Access
Businesses are guided by innovation Gateway to open innovation Startups and entrepreneurs can assess Businesses can access a comprehensive
mentors who will advise them in the challenges, news and resources for a wide range of support, including: suite of A*STAR’s advanced
development of innovation strategies, businesses to learn more about open manufacturing equipment and biotech/
new products and solutions to address innovation, find new opportunities to Startup SG Equity biomedical scientific services, under the
market needs, and connect businesses develop new products with market-fit, Stimulates private sector investments guidance of technical experts.
to technology and business partners. and address their business needs. into Singapore-based technology
startups with sound intellectual
*Formerly known as Innovation Agents Programme Technology for Enterprise
property and global market potential.
Open Innovation Platform (OIP) Capability Upgrading (T-Up)
IPI Singapore Enhanced
Startup SG Founder “Start” Track Programme
Provides mentorship and startup capital Businesses can get access to talent from
Online marketplace and consultancy Please refer to full description on pg 17.
grant to first-time entrepreneurs with A*STAR’s Research Institutes for up to
for businesses to connect with innovative business ideas.
providers of suitable technology IP and two years to help build in-house R&D
Operation and Technology capabilities through projects defined
demand-led innovation opportunities Startup SG Founder “Train” Track
Roadmap (OTR) and managed by companies. Up to 70%
for business needs. Venture Builder and Accredited Mentor of secondment costs is covered by ESG.
• Initiative that supports companies in Partners (‘VB-AMPs’) with strong
Intellectual Property (IP) mapping their current and emerging track records of venture building to
technology needs to support future provide 3-month Venture Building
Schemes
growth. Companies that work (VB) programmes for local aspiring
Businesses can access subsidised with A*STAR to develop their OTR entrepreneurs.
programmes including IP audit, IP roadmaps are eligible for a grant
strategy advisory, IP analytics and from ESG that will cover up to 70% of Startup SG Infrastructure
business/ legal clinics to accelerate the qualifying cost incurred. Provides physical spaces (e.g.
translation of technologies, brands and • Consortium OTR (COTR) is also LaunchPad @one-north) for startups to
IP to the market. available to cater to the needs of a grow, experiment and flourish.
group of companies.
National Innovation Challenges Startup SG Talent
PACT Programme Supports startups’ talent needs.
(NIC)
Businesses can address national and Please refer to full description on pg 7. Startup SG Tech
industry-wide challenge statements, in Provides funding for startups to carry
partnership with sector leads like TACs, Singapore Institute of Food and out Proof-of-Concept and Proof-of-
other enterprises, and IHLs/RIs. Value projects for proprietary innovative
Biotechnology Innovation (SIFBI)
technologies.
• SIFBI undertakes R&D and
innovation in food, to support
Singapore’s “30 by 30” goal by
boosting local production capabilities
and tap opportunities from global
demand for safer, healthier, and
more sustainable food.
• SIFBI brings together research
capabilities across A*STAR covering
biotransformation, fermentation,
nutrition, food process engineering,
agri-food technology, alternative
protein, waste valorisation, and
safety research under one roof.
Legend MNCs and LLEs Small and Medium Enterprises Micro Enterprises
The institute officially opened on 1 April 2020.
*Key initiatives are designed to address businesses’ needs and businesses of any size can tap on any initiative
where eligible.
20 21BUDGET 2021
Sustainability 3R Fund Enterprise Sustainability
Programme (ESP) New
Investment Allowance for
Emissions Reduction (IA-ER)
• Supports organisations/companies
Enhanced Extended
Become more sustainable and to reduce waste disposed of at NEA’s • Supports local enterprises to develop
build capabilities to seize growth incineration plants and disposal capabilities in sustainability, and seize • Supports manufacturing companies
opportunities in sustainability. facilities through the implementation opportunities in sustainability. and data centres on projects which
of waste minimisation and recycling • This includes supporting local enterprises result in a measurable and verifiable
projects. to adopt sustainability practices; enhance improvement in energy efficiency (EE)
• Projects that result in an increase in the their resource efficiency; and develop or reduction in greenhouse gas (GHG)
quantity of solid waste (this excludes products and services to capture new emissions.
toxic and chemical wastes) recycled business opportunities in sustainability. • The IA-ER is an enhancement of
or a reduction in the quantity of solid • More details to be released later in 2021. the former Investment Allowance
waste generated are eligible. The (Energy Efficiency) (IA(EE)). The project
minimum tonnage eligibility is 100 eligibility criteria will be expanded to
tonnes reduced, reused or recycled Genco Energy Efficiency (EE)
Grant cover reduction in GHG emissions, in
over the whole project duration. addition to improvements in energy
• Grant support of up to 80% of • Supports power generation companies efficiency.
qualifying costs, subject to a cap of $1 (gencos) to invest in energy efficient • The revised conditions will apply to
million per project or per applicant. equipment or technologies that can projects approved by EDB from 1 April
improve overall generation efficiency, 2021 to 31 December 2026.
Energy Efficiency Fund (E2F) and reduce carbon emissions.
• Grant support of up to 50% of qualifying
• Supports businesses with industrial Resource Efficiency Grant for
costs.
facilities to improve energy efficiency, for Energy (REG(E))
example, in energy efficient technologies;
Incentive Scheme for Advanced • Supports manufacturing companies
energy assessment; energy management
and data centres to implement projects
information system (EMIS); resource Combined Cycle Gas Turbines
that improve energy efficiency or
efficient design; and low-global warming (CCGTs) reduce non-CO2 greenhouse gas
potential (GWP) refrigerant chillers.
• Supports power generation companies’ consumption.
• Grant support of up to 50% of qualifying
(gencos) deployment of advanced CCGTs. • Grant support corresponds to the
costs for the above areas highlighted,
• Grant support will be computed based on amount of carbon abatement, up to
except for low-GWP refrigerant chillers.
the net disadvantage that an advanced 50% of qualifying costs.
Low-GWP refrigerant chillers grant
applicants may reach out to NEA with CCGT will incur, compared to an F-class
project details for an estimate of grant CCGT.
quantum.
Legend MNCs and LLEs Small and Medium Micro Enterprises Gencos
Enterprises
*Key initiatives are designed to address businesses’ needs and businesses of any size can tap on any initiative
where eligible.
22 23BUDGET 2021 BUDGET 2021
SME Centres Centres of Innovation
Businesses that wish to enhance their capabilities or embark on transformation Centres of Innovation (COIs) were set up in Institutes of Higher Learning (IHLs)
plans may approach the SME Centres below for assistance. and public research institutes (RIs) to enhance SMEs’ technology innovation.
They provide facilities, consultancy, training, and technical services for SMEs to
develop and test technology projects in specific sectors.
SME Centre@SCCCI SME Centre@NorthEast
Trade Association Hub Our Tampines Hub
9, Jurong Town Hall Road 51 Tampines Ave 4
Aquaculture Innovation Centre Food Innovation Resource Centre
#03-18, Singapore 609431 #04-31, Singapore 529684
Temasek Polytechnic Singapore Polytechnic
Tel: +65 6337 8381 Tel: +65 6513 0388
Dr Lee Chee Wee Mr Zen Tan
Email: enquiry@smecentre-sccci.sg Fax: +65 6513 0399
Tel: +65 6780 6400 Tel: +65 6870 4619
Email: enquiries@smecentre-asme.sg
Email: leecw@tp.edu.sg Email: zen_tan@sp.edu.sg
SME Centre@SMCCI
15, Jalan Pinang SME Centre@NorthWest
Dr Diana Chan Pek Sian Marine and Offshore Technology Centre of
Singapore 199147 Woodlands Civic Centre
Tel: +65 6780 5383 Innovation
Tel: +65 6293 3822 900, South Woodlands Drive
Email: peksian@tp.edu.sg Ngee Ann Polytechnic
Fax: +65 6293 3905 #06-01, Singapore 730900
Mr Ang Yee Kiang
Email: gadvisory@smecentre-smcci.sg Tel: +65 6826 3020
Ms Susila Krishnasamy Tel: +65 6460 8594
Fax: +65 6826 3021
Tel: +65 6780 4002 Email: angyeekiang@np.edu.sg
SME Centre@SICCI Email: northwest@smecentre-smf.sg
Email: krishnas@tp.edu.sg
SICCI Building
Materials Centre of Innovation
31, Stanley Street SME Centre@SouthEast
Centre of Innovation for Complementary Institute of Materials Research and Engineering,
Singapore 068740 1, Engku Aman Turn
Health Products A*STAR
Tel: +65 6508 0147 #03-02, Wisma Geylang Serai
Temasek Polytechnic Dr Leong Yew Wei
Fax: +65 6223 1707 Singapore 408528
Mr Martin Cai Tel: +65 6874 3326
Email: sme@smecentre-sicci.sg Tel: +65 6513 0388
Tel: +65 6780 1856 Email: leongyw@imre.a-star.edu.sg
Fax: +65 6513 0399
Email: coi-chp@tp.edu.sg
SME Centre@ASME Email: enquiries@smecentre-asme.sg
Precision Engineering Centre of Innovation
167, Jalan Bukit Merah
Centre of Innovation for Electronics and IoT Singapore Institute of Manufacturing Technology,
#03-13, Tower 4, Singapore 150167 SME Centre@SouthWest
Nanyang Polytechnic A*STAR
Tel: +65 6513 0388 The JTC Summit
Mr John Fung Mr Peter Shi
Fax: +65 6513 0399 8, Jurong Town Hall Road
Tel: +65 6550 0978 Tel: +65 6590 3152
Email: enquiries@smecentre-asme.sg #26-06, Singapore 609434
Email: john_fung@nyp.edu.sg Email: zfshi@simtech.a-star.edu.sg
Tel: +65 6316 1616
SME Centre@SMF Fax: +65 6316 7250
Centre of Innovation for Supply Chain
SMF House Email: southwest@smecentre-smf.sg
Management
2985, Jalan Bukit Merah
Republic Polytechnic
Singapore 159457
Mr Edmund Chan
Tel: +65 6826 3020
Tel: +65 9232 0228
Fax: +65 6826 3021
Email: coi-scm@rp.edu.sg
Email: query@smecentre-smf.sg
EcoLabs Centre of Innovation for Energy
SME Centre@Central
Nanyang Technological University, Singapore and
HDB Hub BizThree
Sustainable Energy Association of Singapore
490, Lorong 6 Toa Payoh
Mr Mahesh Kumar
#07-11, Singapore 310490
Tel: +65 6904 1120
Tel: +65 6715 7580
Email: mahesh.kumar@ntu.edu.sg
Email: central@smecentre-sccci.sg
Environmental and Water Technology Centre
SME Centre@Little India
of Innovation
Little India Arcade
Ngee Ann Polytechnic
48 Serangoon Road
Ms Ida Kwan
#01-22, Singapore 217959
Tel: +65 6460 8168
Tel: +65 6508 0149
Email: ida_kwan@np.edu.sg
Email: littleindia@smecentre-sicci.sg
24 25BUDGET 2021
Notes Notes
26BUDGET 2021
Notes
28For more information, please contact MTI at mti_email@mti.gov.sg /
Enterprise Infoline at enquiry@enterprisesg.gov.sg
or refer to https://govassist.gobusiness.gov.sg.
Information accurate as of March 2021You can also read
