American software company Salesforce has partnered with the Singapore Business Federation to provide $960,000 in cash grants to eligible businesses. This initiative is expected to help 120 firms who will receive a grant of $8,000 each. These funds can be used to address immediate cash-flow needs including rent, operating costs, staff wages, upskilling and digitalisation.
The programme is specifically for small and medium-sized enterprises (SMEs) who are registered in Singapore with at least 30 per cent local shareholding with an annual total revenue of $150,000 to $2 million and employing between five to 50 workers.
Full details on this grant:
To apply for this grant: