Funding
Government Assistance Programs and Grants
The Singapore Government has been a strong advocate for digital transformation, especially among small and medium-sized enterprises (SMEs). Through initiatives such as the SMEs Go Digital programme and grants like the Productivity Solutions Grant (PSG) and Enterprise Development Grant (EDG), the government provides both funding and guidance to help businesses modernize their operations and adopt advanced technologies. These efforts aim to boost productivity, enhance competitiveness, and ensure long-term sustainability in a rapidly evolving digital economy.
One key area of transformation is the adoption of integrated business solutions like Oracle NetSuite — a cloud-based ERP system that streamlines core functions such as finance, inventory, CRM, and e-commerce. NetSuite aligns seamlessly with Singapore’s digitalisation goals by enabling SMEs to centralize operations, gain real-time visibility into business performance, and scale efficiently without heavy IT infrastructure investments. Government support can significantly reduce the cost of implementing such enterprise solutions, making it more accessible for growing businesses to leverage world-class tools that were once limited to large corporations.
By tapping into both government-backed digital initiatives and NetSuite’s robust capabilities, SMEs in Singapore can accelerate their digital journey and position themselves for success in a competitive, global market.
Since 2010, the Singapore Government has been actively promoting digital transformation among businesses in Singapore, including small- and medium-sized enterprises (SMEs). development team to discuss the scope of the project and timeline fit.
Over the years, the Singapore Government has implemented several initiatives and programs to facilitate digital transformation among businesses, particularly small- and medium-sized enterprises (SMEs). These include a range of incentives and grants, such as the now-discontinued Productivity and Innovation Credit (PIC) Scheme, the Technology Adoption Programme, and the more recent SMEs Go Digital Programme.
Broad Classification of Grants
1. Productivity Solutions Grant (PSG)
The Productivity Solutions Grant (PSG) helps Singapore companies improve their productivity and automate existing processes through IT solutions and equipment.
- Up to 50% of eligible costs for local SMEs.
Receive up to $30,000 and improve your business productivity
- Sector-specific and generic solutions
Get support for sector-specific and generic solutions that are pre-approved by EnterpriseSG and other participating agencies
(More Details can be found on https://www.enterprisesg.gov.sg/financial-support/productivity-solutions-grant)
2. Enterprise Development Grant (EDG)
The PSG (Productivity Solutions Grant) aims to assist businesses in their initial steps towards digital transformation by providing subsidies for essential IT solutions or equipment. On the other hand, the Enterprise Development Grant (EDG) offered by ESG (Enterprise Singapore) is designed to provide comprehensive support for the growth and transformation of businesses in Singapore.
The scope of the EDG extends to three main pillars:
- Core Capabilities
- Innovation and Productivity
- Market Access
Effective from 1 April 2023, the EDG offers funding support for qualifying projects as follows:
- Maximum funding support: Up to 50% of total qualifying project costs.
- Additional support for sustainability-related projects: Up to 70% funding support until 31 March 2026.
To be eligible for the EDG, your business must meet the following criteria:
- Registered and operating in Singapore.
- Minimum of 30% local shareholding.
- Financially viable to initiate and complete the project.
If your business qualifies for the SkillsFuture Enterprise Credits (SFEC), it will also be eligible for additional subsidies under the scheme.
3. Start Digital
Start Digital provides affordable and user-friendly digital solutions through Start Digital Packages, which are subsidized “plug and play” packages offered by Start Digital Partners. These packages encompass a range of core business functions, including:
- Accounting
- HR Management and Payroll
- Digital Marketing
- Digital Transactions
- Cybersecurity
4. InvoiceNow Grants
IMDA (Infocomm Media Development Authority) has introduced a series of grants to promote the adoption of the InvoiceNow e-invoicing network among SMEs. Each grant has specific criteria that businesses must meet in order to qualify.
- InvoiceNow Transaction Bonus (ITB):
The InvoiceNow Transaction Bonus (ITB) is available to SMEs that are connected to the InvoiceNow network. To qualify for the ITB, your business must have sent a minimum of 10 e-invoices over the InvoiceNow Network within a 12-month period, starting from the date of the first e-invoice. By meeting this criterion, your business becomes eligible for a S$200 bonus. - LEAD Connect Grant:
The LEAD Connect Grant is designed for large enterprises that already possess a finance or ERP software but have yet to connect to the InvoiceNow network. To be eligible for the grant, your business must connect its finance or ERP software to the InvoiceNow network before 31 October 2024 and have a minimum of 200 business counterparties, including B2B customers and suppliers. If your business meets these requirements, it can receive a fixed grant of S$30,000. - LEAD Transact Grant:
The LEAD Transact Grant targets large enterprises that have finance and ERP software already connected to the InvoiceNow network and actively utilize it as a buyer and/or a biller.To qualify for the grant, your business must conduct transactions with a minimum of 25 unique business Entity Numbers (UENs) as a buyer and/or 250 business UENs as a seller over InvoiceNow before 31 October 2024.Depending on the volume of transactions carried out over the InvoiceNow network, your business can potentially receive total payouts of up to $40,000
5. SkillsFuture Enterprise Credit (SFEC)
SkillsFuture Enterprise Credit (SFEC) was created to incentivize employers, like yourself, to invest in reskilling and upgrading their employees.
The SFEC supports two main areas:
- Enterprise Transformation Programmes: It provides funding for the digital transformation of your business, including initiatives like the Productivity Solutions Grant (PSG), the Enterprise Development Grant (EDG), and the Business Improvement Fund (BIF).
- Workforce Transformation Programmes: It covers the training expenses of your employees, encompassing courses aligned with Skills Framework from SkillsFuture Singapore and Professional Conversion Programmes offered by Workforce Singapore.
The SFEC aims to support your business in both enterprise and workforce transformation to enhance productivity and competitiveness.
Businesses in Specific Economic Sectors
There are sector specific grants for the below industries, and we can help you understand the requirements and guide you on the grant application process.
- Building and Construction
- Offshore and Marine
- การค้าปลีก
- Arts and Culture
- Tourism
ทุน Tech-and-GO! อยู่ในโครงการสนับสนุนทางการเงินที่ออกแบบมาเพื่อช่วยเหลือหน่วยงานบริการสังคม (SSAs) ในการนําระบบ IT และบริการใหม่ๆ มาปรับใช้
เนื่องจาก SSAs ไม่มีสิทธิได้รับทุนเช่น PSG และ EDG ทุน Tech-and-GO! จึงถูกก่อตั้งโดย NCSS เป็นตัวเลือกการสนับสนุนทางการเงินที่เทียบเท่ากับการสนับสนุนเหล่านั้น โดยจะให้การสนับสนุนทางการเงินสําหรับโซลูชัน ITและเครื่องมือหลายประเภทที่ครอบคลุมภายใต้ PSG และ EDG
The Tech-and-GO! grant consists of two tiers:
Tier 1: Start Digital – The ‘PSG’ Grant for SSAs
This tier, known as Start Digital, serves as the equivalent of the PSG for SSAs. It offers funding of up to 80% of total costs (up to a maximum funding amount of $30,000) for acquiring an IT solution. The solution can be either a pre-scoped IT solution listed on the GovAssist website for PSG grants or one shortlisted as a Green Lane solution, designed to cater to the unique needs of SSAs.
Tier 2: Go Digital – The ‘EDG’ Grant for SSAs
Go Digital, the second tier of the Tech-and-GO! grant, is intended to support SSAs in acquiring large-scale or highly specialized IT projects exceeding $37,000 in costs. It serves as the equivalent of the EDG for SSAs. The grant covers 80% of total costs in the first year and 50% of total costs in the second and third years, up to a maximum funding amount of $30,000, for acquiring IT solutions.
Infocomm Technology: CCP for Cloud Professionals – Oracle NetSuite Professionals
CCPs (Career Conversion Programmes) are specifically designed for mid-career Professionals, Managers, Executives, and Technicians (PMETs) aiming to undergo reskilling and transition into new occupations or sectors with promising prospects. These programmes provide opportunities for PMETs to acquire the necessary skills and knowledge to thrive in their chosen fields.
The CCP (Career Conversion Programme) for Information and Communications Technology is specifically designed to enable mid-career Professionals, Managers, Executives, and Technicians (PMETs) to undergo skills conversion and take on enhanced roles within the ICT industry.
Under the CCP for Information and Communications Technology, participants will receive up to 100% on-the-job training (OJT), along with optional structured classroom trainings (where applicable) to prepare them for their new roles. The duration of the training will range from 3 to 6 months, depending on the chosen modality. Upon successful completion of the CCP, individuals will possess the necessary skills to pursue a career in an Information and Technology-related role.
For more information about the Technical Skills and Competencies (TSCs) that can be acquired through the programme, please refer to the SFw (Skills Framework) for ICT, available here:
- NetSuite Administrator: Refer to Applications Support Engineer
- NetSuite Data Analyst: Refer to Data Analyst/Associate Data Engineer
- NetSuite ERP Consultant: Refer to Systems Support Engineer
NetSuite Administrator:
The NetSuite Administrator track aligns with the Applications Support Engineer role in the ICT Skills Framework (SFw). The Applications Support Engineer is responsible for the operation, support, and maintenance of specific software applications, whether developed in-house or by third-party vendors. They possess a deep understanding of the application’s functionality and backend. Their responsibilities include overseeing software testing and transition processes, providing necessary support, interacting with application users, and setting up and onboarding users.
Working within a team, the Applications Support Engineer demonstrates proficiency in applications development and monitoring tools, as required by the organization. They are familiar with the relevant software platforms on which the solutions are deployed. Critical thinking skills are utilized to identify and solve problems, and they exhibit a passion for analyzing and resolving technical challenges. Additionally, strong interpersonal skills contribute to effective collaboration.
NetSuite Data Analyst:
The NetSuite Data Analyst track corresponds to the Data Analyst/Associate Data Engineer role in the ICT Skills Framework (SFw). The Data Analyst/Associate Data Engineer leverages historical data from industry reports, public information, field reports, or purchased sources to perform data cleaning, transformation, and analysis. They generate reports and dashboards, clean and prepare data, and develop analytical solutions in alignment with business rules and specifications. Additionally, they contribute to projects, collaborating with internal teams to develop projections and actionable insights. Data collection, processing, and warehousing tasks, including analysis and visualization of large datasets, may also be part of their responsibilities.
Working as part of a team, the Data Analyst/Associate Data Engineer demonstrates proficiency in analytics tools and techniques required by the organization. They are familiar with the relevant software platforms on which the solution is deployed. Meticulous attention to detail characterizes their work, along with a willingness to learn. They adopt an analytical approach to problem-solving and communicate ideas confidently.
NetSuite ERP Consultant:
The NetSuite ERP Consultant track aligns with the Systems Support Engineer role in the ICT Skills Framework (SFw). The Systems Support Engineer handles complex projects related to system provisioning, installations, configurations, monitoring, and maintenance. They possess advanced knowledge and skills in systems administration, continuously striving for system performance optimization. Their role includes implementing system improvements, providing guidance to other IT staff on resolving complex issues, and being available on standby for system-related incidents, including nights, weekends, and holidays.
Working within a team, the Systems Support Engineer demonstrates proficiency in infrastructure systems and network-related tools and techniques required by the organization. They are familiar with the relevant platforms on which the database is deployed. They excel at quickly and effectively resolving issues, employing a methodical approach to identify causes, evaluate situations, and collaborate with the team on developing solutions. Effective communication and a commitment to high service level standards are key attributes of the Systems Support Engineer.
Individuals:
To be eligible for the Programme, individuals must meet the following General Eligibility Criteria:
- Singapore Citizen (SC) or Permanent Resident (PR)
- Minimum 21 years old
- Graduated or completed National Service, at least two years prior to the application
- Must not be a shareholder of the CCP company or its related companies
- Must not be related to the owner(s) of the CCP company
- Existing employees must have served at least one-year tenure with the employer to qualify for the Redeployment/Job Redesign Reskilling CCP
Additionally, new hires should adhere to the following:
- Hired for not more than three (3) months prior to CCP commencement
- Must not have been in the same or similar job role prior to joining the CCP
- Must not be immediate ex-staff of the CCP company or its related companies
Employers:
To participate in the Programme, employers must meet the following criteria:
- Registered or incorporated in Singapore with a valid Unique Entity Number (UEN) from the Accounting and Corporate Regulatory Authority (ACRA)
- Ensure that new hires/existing staff meet the following conditions:
1. They are not shareholders of the CCP company or its related companies
2. They are not related to the owner(s) of the CCP company - (For new hires only) They are not immediate ex-staff of the CCP company or its related companies
- Offer a full-time PMET position employment contract on permanent terms or on contract terms of no less than one (1) year
- Offer employment directly related to the job for which the CCP is intended, with remuneration aligned to the market rate
- Must provide On-the-Job Training (OJT) for the trainees
- Commit to the CCP training arrangements for the trainees.
Details can be found on https://conversion.mycareersfuture.gov.sg/portal/ProgramDetails.aspx?ProgID=P00002069
Since 2010, the Singapore Government has been actively promoting digital transformation among businesses in Singapore, including small- and medium-sized enterprises (SMEs). development team to discuss the scope of the project and timeline fit.
Over the years, the Singapore Government has implemented several initiatives and programs to facilitate digital transformation among businesses, particularly small- and medium-sized enterprises (SMEs). These include a range of incentives and grants, such as the now-discontinued Productivity and Innovation Credit (PIC) Scheme, the Technology Adoption Programme, and the more recent SMEs Go Digital Programme.
Broad Classification of Grants
1. Productivity Solutions Grant (PSG)
The Productivity Solutions Grant (PSG) helps Singapore companies improve their productivity and automate existing processes through IT solutions and equipment.
- Up to 50% of eligible costs for local SMEs.
Receive up to $30,000 and improve your business productivity
- Sector-specific and generic solutions
Get support for sector-specific and generic solutions that are pre-approved by EnterpriseSG and other participating agencies
(More Details can be found on https://www.enterprisesg.gov.sg/financial-support/productivity-solutions-grant)
2. Enterprise Development Grant (EDG)
The PSG (Productivity Solutions Grant) aims to assist businesses in their initial steps towards digital transformation by providing subsidies for essential IT solutions or equipment. On the other hand, the Enterprise Development Grant (EDG) offered by ESG (Enterprise Singapore) is designed to provide comprehensive support for the growth and transformation of businesses in Singapore.
The scope of the EDG extends to three main pillars:
- Core Capabilities
- Innovation and Productivity
- Market Access
Effective from 1 April 2023, the EDG offers funding support for qualifying projects as follows:
- Maximum funding support: Up to 50% of total qualifying project costs.
- Additional support for sustainability-related projects: Up to 70% funding support until 31 March 2026.
To be eligible for the EDG, your business must meet the following criteria:
- Registered and operating in Singapore.
- Minimum of 30% local shareholding.
- Financially viable to initiate and complete the project.
If your business qualifies for the SkillsFuture Enterprise Credits (SFEC), it will also be eligible for additional subsidies under the scheme.
3. Start Digital
Start Digital provides affordable and user-friendly digital solutions through Start Digital Packages, which are subsidized “plug and play” packages offered by Start Digital Partners. These packages encompass a range of core business functions, including:
- Accounting
- HR Management and Payroll
- Digital Marketing
- Digital Transactions
- Cybersecurity
4. InvoiceNow Grants
IMDA (Infocomm Media Development Authority) has introduced a series of grants to promote the adoption of the InvoiceNow e-invoicing network among SMEs. Each grant has specific criteria that businesses must meet in order to qualify.
- InvoiceNow Transaction Bonus (ITB):
The InvoiceNow Transaction Bonus (ITB) is available to SMEs that are connected to the InvoiceNow network. To qualify for the ITB, your business must have sent a minimum of 10 e-invoices over the InvoiceNow Network within a 12-month period, starting from the date of the first e-invoice. By meeting this criterion, your business becomes eligible for a S$200 bonus. - LEAD Connect Grant:
The LEAD Connect Grant is designed for large enterprises that already possess a finance or ERP software but have yet to connect to the InvoiceNow network. To be eligible for the grant, your business must connect its finance or ERP software to the InvoiceNow network before 31 October 2024 and have a minimum of 200 business counterparties, including B2B customers and suppliers. If your business meets these requirements, it can receive a fixed grant of S$30,000. - LEAD Transact Grant:
The LEAD Transact Grant targets large enterprises that have finance and ERP software already connected to the InvoiceNow network and actively utilize it as a buyer and/or a biller.To qualify for the grant, your business must conduct transactions with a minimum of 25 unique business Entity Numbers (UENs) as a buyer and/or 250 business UENs as a seller over InvoiceNow before 31 October 2024.Depending on the volume of transactions carried out over the InvoiceNow network, your business can potentially receive total payouts of up to $40,000
5. SkillsFuture Enterprise Credit (SFEC)
SkillsFuture Enterprise Credit (SFEC) was created to incentivize employers, like yourself, to invest in reskilling and upgrading their employees.
The SFEC supports two main areas:
- Enterprise Transformation Programmes: It provides funding for the digital transformation of your business, including initiatives like the Productivity Solutions Grant (PSG), the Enterprise Development Grant (EDG), and the Business Improvement Fund (BIF).
- Workforce Transformation Programmes: It covers the training expenses of your employees, encompassing courses aligned with Skills Framework from SkillsFuture Singapore and Professional Conversion Programmes offered by Workforce Singapore.
The SFEC aims to support your business in both enterprise and workforce transformation to enhance productivity and competitiveness.
Businesses in Specific Economic Sectors
There are sector specific grants for the below industries, and we can help you understand the requirements and guide you on the grant application process.
- Building and Construction
- Offshore and Marine
- การค้าปลีก
- Arts and Culture
- Tourism
ทุน Tech-and-GO! อยู่ในโครงการสนับสนุนทางการเงินที่ออกแบบมาเพื่อช่วยเหลือหน่วยงานบริการสังคม (SSAs) ในการนําระบบ IT และบริการใหม่ๆ มาปรับใช้
เนื่องจาก SSAs ไม่มีสิทธิได้รับทุนเช่น PSG และ EDG ทุน Tech-and-GO! จึงถูกก่อตั้งโดย NCSS เป็นตัวเลือกการสนับสนุนทางการเงินที่เทียบเท่ากับการสนับสนุนเหล่านั้น โดยจะให้การสนับสนุนทางการเงินสําหรับโซลูชัน ITและเครื่องมือหลายประเภทที่ครอบคลุมภายใต้ PSG และ EDG
The Tech-and-GO! grant consists of two tiers:
Tier 1: Start Digital – The ‘PSG’ Grant for SSAs
This tier, known as Start Digital, serves as the equivalent of the PSG for SSAs. It offers funding of up to 80% of total costs (up to a maximum funding amount of $30,000) for acquiring an IT solution. The solution can be either a pre-scoped IT solution listed on the GovAssist website for PSG grants or one shortlisted as a Green Lane solution, designed to cater to the unique needs of SSAs.
Tier 2: Go Digital – The ‘EDG’ Grant for SSAs
Go Digital, the second tier of the Tech-and-GO! grant, is intended to support SSAs in acquiring large-scale or highly specialized IT projects exceeding $37,000 in costs. It serves as the equivalent of the EDG for SSAs. The grant covers 80% of total costs in the first year and 50% of total costs in the second and third years, up to a maximum funding amount of $30,000, for acquiring IT solutions.
Infocomm Technology: CCP for Cloud Professionals – Oracle NetSuite Professionals
CCPs (Career Conversion Programmes) are specifically designed for mid-career Professionals, Managers, Executives, and Technicians (PMETs) aiming to undergo reskilling and transition into new occupations or sectors with promising prospects. These programmes provide opportunities for PMETs to acquire the necessary skills and knowledge to thrive in their chosen fields.
The CCP (Career Conversion Programme) for Information and Communications Technology is specifically designed to enable mid-career Professionals, Managers, Executives, and Technicians (PMETs) to undergo skills conversion and take on enhanced roles within the ICT industry.
Under the CCP for Information and Communications Technology, participants will receive up to 100% on-the-job training (OJT), along with optional structured classroom trainings (where applicable) to prepare them for their new roles. The duration of the training will range from 3 to 6 months, depending on the chosen modality. Upon successful completion of the CCP, individuals will possess the necessary skills to pursue a career in an Information and Technology-related role.
For more information about the Technical Skills and Competencies (TSCs) that can be acquired through the programme, please refer to the SFw (Skills Framework) for ICT, available here:
- NetSuite Administrator: Refer to Applications Support Engineer
- NetSuite Data Analyst: Refer to Data Analyst/Associate Data Engineer
- NetSuite ERP Consultant: Refer to Systems Support Engineer
NetSuite Administrator:
The NetSuite Administrator track aligns with the Applications Support Engineer role in the ICT Skills Framework (SFw). The Applications Support Engineer is responsible for the operation, support, and maintenance of specific software applications, whether developed in-house or by third-party vendors. They possess a deep understanding of the application’s functionality and backend. Their responsibilities include overseeing software testing and transition processes, providing necessary support, interacting with application users, and setting up and onboarding users.
Working within a team, the Applications Support Engineer demonstrates proficiency in applications development and monitoring tools, as required by the organization. They are familiar with the relevant software platforms on which the solutions are deployed. Critical thinking skills are utilized to identify and solve problems, and they exhibit a passion for analyzing and resolving technical challenges. Additionally, strong interpersonal skills contribute to effective collaboration.
NetSuite Data Analyst:
The NetSuite Data Analyst track corresponds to the Data Analyst/Associate Data Engineer role in the ICT Skills Framework (SFw). The Data Analyst/Associate Data Engineer leverages historical data from industry reports, public information, field reports, or purchased sources to perform data cleaning, transformation, and analysis. They generate reports and dashboards, clean and prepare data, and develop analytical solutions in alignment with business rules and specifications. Additionally, they contribute to projects, collaborating with internal teams to develop projections and actionable insights. Data collection, processing, and warehousing tasks, including analysis and visualization of large datasets, may also be part of their responsibilities.
Working as part of a team, the Data Analyst/Associate Data Engineer demonstrates proficiency in analytics tools and techniques required by the organization. They are familiar with the relevant software platforms on which the solution is deployed. Meticulous attention to detail characterizes their work, along with a willingness to learn. They adopt an analytical approach to problem-solving and communicate ideas confidently.
NetSuite ERP Consultant:
The NetSuite ERP Consultant track aligns with the Systems Support Engineer role in the ICT Skills Framework (SFw). The Systems Support Engineer handles complex projects related to system provisioning, installations, configurations, monitoring, and maintenance. They possess advanced knowledge and skills in systems administration, continuously striving for system performance optimization. Their role includes implementing system improvements, providing guidance to other IT staff on resolving complex issues, and being available on standby for system-related incidents, including nights, weekends, and holidays.
Working within a team, the Systems Support Engineer demonstrates proficiency in infrastructure systems and network-related tools and techniques required by the organization. They are familiar with the relevant platforms on which the database is deployed. They excel at quickly and effectively resolving issues, employing a methodical approach to identify causes, evaluate situations, and collaborate with the team on developing solutions. Effective communication and a commitment to high service level standards are key attributes of the Systems Support Engineer.
Individuals:
To be eligible for the Programme, individuals must meet the following General Eligibility Criteria:
- Singapore Citizen (SC) or Permanent Resident (PR)
- Minimum 21 years old
- Graduated or completed National Service, at least two years prior to the application
- Must not be a shareholder of the CCP company or its related companies
- Must not be related to the owner(s) of the CCP company
- Existing employees must have served at least one-year tenure with the employer to qualify for the Redeployment/Job Redesign Reskilling CCP
Additionally, new hires should adhere to the following:
- Hired for not more than three (3) months prior to CCP commencement
- Must not have been in the same or similar job role prior to joining the CCP
- Must not be immediate ex-staff of the CCP company or its related companies
Employers:
To participate in the Programme, employers must meet the following criteria:
- Registered or incorporated in Singapore with a valid Unique Entity Number (UEN) from the Accounting and Corporate Regulatory Authority (ACRA)
- Ensure that new hires/existing staff meet the following conditions:
1. They are not shareholders of the CCP company or its related companies
2. They are not related to the owner(s) of the CCP company - (For new hires only) They are not immediate ex-staff of the CCP company or its related companies
- Offer a full-time PMET position employment contract on permanent terms or on contract terms of no less than one (1) year
- Offer employment directly related to the job for which the CCP is intended, with remuneration aligned to the market rate
- Must provide On-the-Job Training (OJT) for the trainees
- Commit to the CCP training arrangements for the trainees.
Details can be found on https://conversion.mycareersfuture.gov.sg/portal/ProgramDetails.aspx?ProgID=P00002069