Access high-impact Singapore grants to accelerate hiring, upskilling, innovation & overseas expansion
Whether you are a start-up, an SME, or a growing enterprise, these grants are designed to reduce costs, encourage capability development, strengthen workforce resilience, and create sustainable pathways for long-term growth. By leveraging these initiatives, companies can lower their hiring expenses, upgrade workforce skills, power digital transformation, and expand confidently into overseas markets.
This guide provides a clear breakdown of the funding support available, including coverage, eligibility requirements, and direct benefits. It is written in a way that helps decision-makers quickly understand how to apply these opportunities to their businesses.
Highlights at a glance
- SG-Ready funding support tailored for local enterprises.
- Easy-to-embed application processes.
- Strategic alignment with Singapore’s long-term business transformation roadmap.
- Practical benefits such as cost savings, improved retention, and access to new markets.
Hiring Grants – 70% Funded
The Hiring Grants are structured to support companies that want to strengthen their local workforce. The main focus is on enabling employers to hire and retain Singaporean talent while ensuring inclusivity and diversity. These grants help companies reduce hiring costs and at the same time support long-term employability. With additional funding coverage, organisations can afford to train new hires and integrate them effectively into their operations.
Funding Breakdown
- Up to 70% overall support for qualifying companies.
- Up to 50% salary support specifically targeted at mature workers and persons with disabilities (PWDs) through the Jobs Growth Incentive (JGI).
Key Advantages
- Significant cost savings on overall salary expenditure.
- Encourages the hiring of mature, experienced talent.
- Directly promotes inclusivity in workplaces, aligning with Singapore’s national agenda.
Jobs Growth Incentive (JGI)
- What it is: JGI offers wage subsidies to employers that expand their local workforce. Priority is given to the hiring of mature workers aged 40 and above, as well as persons with disabilities (PWDs).
- Funding coverage: Companies can receive up to 50% salary support for eligible employees over a set duration.
- Who benefits: Businesses that plan to increase their local headcount, hire experienced older employees, or tap into underutilised talent pools such as PWDs.
Overall Benefits
- Reduced hiring and salary costs make workforce expansion more affordable.
- Diverse and inclusive teams that bring creativity and resilience.
- Upskilling new hires quickly ensures faster productivity.
- Improved workforce retention builds organisational stability.
NTUC CTC – Company Training Committee Grant (70% Funded)
The Company Training Committee (CTC) Grant, endorsed by NTUC, helps companies identify skills gaps, design customised training roadmaps, and build workforce capabilities aligned with business transformation. This grant ensures that companies stay future-ready while employees gain industry-relevant skills.
Training Coverage
- SkillsFuture-aligned courses to boost future-readiness.
- Digital transformation competencies for automation and innovation.
- Industry-specific upskilling tailored to business sectors.
Benefits
- Access to high-quality training designed to meet industry standards.
- Stronger employer–union collaboration, improving trust and alignment.
- Enhanced capability development and improved employee retention.
Enterprise Development Grant (EDG) – Customised Services
The EDG Grant empowers companies to pursue innovation, productivity improvements, and overseas expansion. It provides flexible support with customised solutions to help businesses remain competitive in fast-changing markets.
Funding Support
- Up to 70% funding for eligible SME projects.
- Up to 50% funding for non-SMEs.
Coverage Areas
- Process Automation: Streamline workflows, reduce repetitive manual tasks, and integrate technology.
- Business Model Transformation: Redesign operations and strategies to capture new markets and grow revenue.
- Customised Training Programmes: Develop training initiatives specific to business transformation needs.
Benefits
- High support for digitalisation and innovation efforts.
- Funding covers consultancy services, software implementation, and training programmes.
- Applicable to both SMEs and large enterprises looking to grow sustainably.
Market Readiness Assistance (MRA) Grant – 50% Funded (Cap: $100,000)
The MRA Grant helps businesses reduce the risks and costs associated with entering overseas markets. This includes support for market research, promotional activities, business incorporation abroad, and IP protection.
Funding Support
- Up to 70% funding, capped at $100,000 per company per new market.
Coverage Areas
- Overseas Market Promotion: Support for advertising campaigns, trade fairs, and promotional roadshows.
- Business Setup Abroad: Costs associated with incorporation, regulatory compliance, and partnerships with local entities.
- IP Protection: Legal costs related to trademarks, patents, and defending brand identity.
Benefits
- Reduces risks of overseas expansion.
- Provides strategic support for market entry research and feasibility studies.
- Covers trade fairs and digital marketing, enabling strong international presence.
Acsems Grants System
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