The SME Talent Programme (STP) offers up to 70% funding support to help you defray the cost of the monthly stipend when you engage students through internships.
Funding
SMEs are eligible for up to 70% funding support to defray the cost of the internship stipend. Here is the minimum amount you should pay interns:
At least S$800 a month for ITE and polytechnic students
At least S$1,000 a month for university students.
Eligibility
SMEs should meet the following criteria:
- At least 30% local shareholding
- Group annual turnover of up to S$100 million OR group employment size of up to 200 workers
- Offer potential career opportunities with a clear job description and career progression path
- Possess sound Human Resource processes
- Willing to participate in Enterprise Singapore’s Human Resource Maturity Diagnostics (HRMD) to facilitate future capability upgrading
Apply
Apply
Approach the following Approved-in-Principle (AIP) partners to apply for this programme. The STP AIP partners will assess and qualify SMEs, and will play an active role in matching suitable student interns to the participating SMEs.
The STP AIP Partners may be contacted for more information about the programme, eligibility and application process.
STP AIP Partner
Email address
Action Community for Entrepreneurship
Association for Small and Medium Enterprises
Restaurant Association of Singapore
Singapore Food Manufacturers’ Association
Singapore Manufacturing Federation
Singapore Retailers Association
SGTech