SBF RISE Programme
SBF established the Rising in Support of Enterprises (RISE) Programme to help businesses tide over the challenges arising from COVID-19, push on with transformation efforts and emerge stronger. This comprises a $2.5 million fund set up with the support of the government’s SG Together Enhancing Enterprise Resilience (STEER) programme, through which Enterprise Singapore will match $1 for every $2 contributed by SBF.
The SBF RISE Programme aims to help SBF members, particularly small- and medium-sized enterprises (SMEs), build up their capabilities, digitalise and grow by making it more affordable for them to participate in capacity-building, growth and internationalisation programmes.
Eligible SBF members may apply for a one-time support of up to $500, which can help to offset the costs of a wide range of qualifying activities conducted by SBF, its programme partners, and participating trade associations and chambers (TACs).
The SBF RISE Programme is available from 1 July 2020 to 31 December 2021, or until the Fund is exhausted, whichever is earlier. The 18-month period provides SMEs with adequate time to relook at their strategies and processes, and to decide on suitable courses and events that meet their business objectives.
To be eligible for RISE support, the company must satisfy the following conditions:
- Be an SBF member
- Have a paid-up capital not exceeding S$5 million
- Paid up its subscription fees up till and including the current membership year
- Have not received any previous support from the Programme
B. Qualifying Activities
There is a wide range of qualifying activities that help SBF members to position their businesses for business growth through and beyond the COVID-19 crisis and to continue their capability upgrading efforts. These activities are indicated in the websites of SBF, its programme partners and participating TACs as either “Business Growth” or “Capability Upgrading” programmes that qualify for RISE support. More than 400 activities will be made available eventually and the number of activities will be increased as the Government’s COVID-19 measures are adjusted for Singapore to resume activities safely.
B1. SBF’s Qualifying Activities
More information on SBF’s qualifying activities may be found here.
These include training programmes by SBF Business Institute on topics such as digitalisation, crisis management and business opportunities during COVID-19. Qualifying activities will be denoted by *RISE* in the list of Event Names and identified by a RISE label in the event details. To register, SBF members may click on the relevant activity, sign in to the SBF members’ portal, and follow the registration and payment instructions.
In addition, SBF members may also consider the following qualifying programmes:
- Industry 4.0 Human Capital Initiative (IHCI) Enabler Programme
- Advisory services of SBF’s programme partners under the Business Resilience Advisory Programme (BRAP):
- Korn Ferry
- Bizmann System's fnbmarket.com
- Commodities Intelligence Centre’s Leads Generation
- Lava IP International’s Business Matching Services
- Orissa International’s Distributor Search Service
Registration for the partners’ programmes would be directly with them.
B2. Qualifying Activities of TAC Partners
The SBF RISE Programme is the first STEER-supported fund to cater for the qualifying activities of other TACs. SBF is working with a number of TACs to offer additional business growth and capability upgrading activities on topics such as corporate sustainability, crisis leadership and post-COVID-19 growth.
Similarly, qualifying activities will be indicated in the participating TACs’ websites as either “Business Growth” or “Capability Upgrading” programmes, and identified by a RISE label.
For more details of these qualifying activities, please click on the available links for our TAC partners:
- Association of Small & Medium Enterprises (ASME)
- European Chamber of Commerce (Singapore) (EuroCham)
- Global Compact Network Singapore (GCNS)
- Real Estate Developers’ Association of Singapore (REDAS)
- Singapore Furniture Industries Council (SFIC)
- Singapore Indian Chamber of Commerce & Industry (SICCI)
- Singapore International Chamber of Commerce (SICC)
- Singapore Manufacturing Federation (SMF)
- Singapore National Employers Federation (SNEF)
- Singapore Retailers Association (SRA)
- Singaporean-German Chamber of Industry and Commerce (SGC)
- The American Chamber of Commerce in Singapore (AmCham)
- The French Chamber of Commerce in Singapore (FCCS)
- The Singapore Hotel Association (SHA)
The links will be updated on an on-going basis as the programmes become available.
C. How to Apply for RISE
Eligible SBF members must have fully paid for and attended the qualifying activities before applying for a one-time RISE support of up to $500 (excluding GST).* Applications may be submitted using SBF’s RISE e-Application Form here.
Before applying, eligible SBF members should prepare the following supporting documents:
- Final invoice (including GST component, if applicable) for each activity to be submitted for reimbursement
- Proof of payment for each activity
- A signed Declaration of Attendance Form (download here), only if the activity was organised by a TAC other than SBF. This Form must be endorsed by the organiser of the activity.
- A signed Enterprise Singapore (ESG) Company Declaration Form (download here)
Eligible SBF members should also note the following important points:
- Only one (1) application per company may be submitted to SBF under the RISE Programme.
- An applicant may submit up to three (3) qualifying activities for RISE support in one application. Each activity may have more than one participant.
- All claim amounts must exclude GST.
- If the activity(ies) submitted is(are) partially supported under other Government programmes such as the Enterprise Development Grant or LEAD programme, the applicant must ensure that the amount to be claimed should not be already supported under another Government programme.
- The applicant should ensure that the company’s bank account details provided in the application are accurate. SBF cannot check the accuracy of the account number as this information is not available to us.
- The RISE e-Application Form, ESG Company Declaration Form and Declaration of Attendance Form (if applicable) should be signed by the company’s Chief Financial Officer, Financial Controller, Finance Manager or company representative in a similar role. This should also be the contact person for the RISE application.
Applications will only be processed if all required information has been provided.
For more details on the application process and other questions, please refer to the FAQs here.
* For overseas market-related activities, more details on the application process will be available soon.
D. Contact Us
For enquiries on the SBF RISE Programme, please email .
For enquiries on applications that have been submitted, please contact the RISE Programme Administrator at .