- The Importance of the Mandatory Primary Care Plan for Foreign Workers: An Employer's Guide
- Comprehensive Guide To Progressive Wage Model
- Employment Pass Eligibility: Educational Qualifications Is Required By September 2023
- Comprehensive Guide To Hawkers Development Programme In Singapore
- New Update: What You Need to Know About the Senior Worker Support Package 2023: Up to S$125,000 Grants for Companies
- How SMEs & Job Seekers Can Benefit From the Career Trial Programme 2023 [Updated]
- Comprehensive Guide To Temporary Fair Permit In Singapore
- Comprehensive Company Guide: CPF Contribution for Employees
- New Update: What You Need to Know About the Senior Worker Support Package 2023: Up to S$250,000 Grants for Companies
- Employing Workers with Special Needs in Singapore - What Other Grants Support Is There? [Updated]
Calling All Start-ups & Young SMEs: Receive Up To $12,000* Salary Subsidy Grant For Your Fresh Polytechnic Grad Hire
Great news for Small and Medium Enterprises (SMEs) that are looking to hire local graduates! Ngee Ann Polytechnic has launched a programme “Startup Talent Factory”, funded by Skills Singapore, to encourage polytechnic graduates to work in startups after they have graduated. Participating startups will receive a salary subsidy of S$1,000 per month for up to S$12,000 for every polytechnic graduate they hire through the programme.
Join the Startup Talent Factory now as a participating company to receive a salary subsidy grant of up to $12,000* for employing a fresh polytechnic graduate.
The graduates can be from any of the 5 local Polytechnics:
1. Nanyang Polytechnic
2. Ngee Ann Polytechnic
3. Republic Polytechnic
4. Singapore Polytechnic
5. Temasek Polytechnic
The Startup Talent Factory is a 9 to 12 month SkillsFuture Work-Study Programme designed to nurture the next generation of budding entrepreneurs.
As a participating company, simply on-board fresh poly grads from any of the 5 local polytechnics into full-time employment to fill suitable job roles within your company and sponsor them for the Certificate in Entrepreneurship course. This course is designed to develop the candidate’s flourishing entrepreneurial skills. As this is a company-sponsored programme, participating companies are required to pay for the candidates’ course fees.
Participating companies can receive up $12,000* salary subsidy grant per poly grad hired and placed on the programme. In addition, the programme offers to match eligible fresh poly grads to your job description, and will send you candidate cv’s for your shortlisting and interviewing purposes.
The Certificate in Entrepreneurship course is a SkillsFuture Work-Study Post Diploma offered by Ngee Ann Polytechnic. The course structure is as follows:
Credit: Ngee Ann Polytechnic
The focus of this entrepreneurial programme is for Startups and young SMEs who are actively looking for new talent to expand their team. Preferably, participating companies should use technology as their core business or technology to empower their business. Participating companies should also be able to provide job roles for candidates in areas such as business development, digital marketing, and/or user experience design etc.
Other criteria that participating companies should meet include:
i. At least 30% local shareholding
ii. Group annual sales turnover of not more than $100 million
iii. Group employment size of not more than 200 employees
In addition, companies should be able to provide a competitive starting salary and career development opportunities for the candidate.
Note that SMEs can still tap on various hiring grants such as PMAX & Job Growth Incentive together with this SkillsFuture Earn and Learn Programme.
Read also: P-Max Grant: Claim Up to S$10,000 For SMEs to Hire/ Retain New Local PMETs
Read also: 5 Government Initiatives for SMEs Hiring Local Workers 2020
For more information about this programme, email askSTF@np.edu.sg or visit https://www.startuptalentfactory.np.edu.sg/
*Terms & Conditions apply
Not sure whether your company can be qualified for bank loans or alternative lending? Try our A.I assisted loan, and Smart Towkay team will send you a lending report within 24 hours' time. With the lending report, we aggregate and recommend the highest chance of approval be it with BANKS / FINANCIAL INSTITUTIONS or Alternative lenders like Peer to Peer Lenders or even B2B lender!
Got a Question?
WhatsApp Us, Our Friendly Team will get back to you asap :)
Share with us your thoughts by leaving a comment below!
Stay updated with the latest business news and help one another become Smarter Towkays. Subscribe to our Newsletter now!