1. Digital Solutions
Support SSAs to digitalise and adopt technology to enhance work processes and improve service standards
The Invictus Fund was introduced by the National Council for Social Services (NCSS) to garner private donations to support Social Service Agencies (SSAs) in their continuous quest to enhance service delivery and provide more value-add functions for their clients.
The Covid-19 pandemic has dealt challenges to the SSAs to maintain their services and standards. As such, the government announced a top-up of $18.3 million to The Invictus Fund as part of the Fortitude Budget in June 2020. The additional funding will provide the much needed relief for SSAs to cope with service delivery in the new normal.
The Invictus Fund will support SSAs to transform operations through the following 2 key areas:
| Digital Solutions | Funding Support |
| Pre-Scoped IT Solutions
Eg. Accounting & HR System, Inventory Tracking, Document Management, Laptops, Online Conferencing Tools etc | 80% of cost, capped at $30,000 per SSA |
| Customised Solutions
Eg. Unique customised system to meet specific needs of a SSA | 80% of cost, capped at $300,000 per SSA |
Some of the popular Pre-Scoped IT Solutions include:
(a) Xero Accounting Software
(b) ABSS Accounting Software
(c) HReasily Payroll Solution
(d) Talenox Payroll & Leave Management Software
2. Business Continuity Plan with Safe Management Measures
Support SSAs to adopt business continuity plans that incorporate safe management measures amidst the new normal
| Business Continuity Plans Having | Funding Support |
| Up to $100,000 per SSA |
Only SSAs with a total reserves ratio of < 1 year * will be supported under this area.
* Reserves Ratio = Total Reserves divided by Annual Total Operating Expenditure.
The Invictus Fund is open to all the full and associate members of NCSS.
There are 4 application windows for the fund:
- 28 Sept to 30 Oct 2020
- 4 to 29 Jan 2021
- 5 to 30 Apr 2021
- 5 to 30 Jul 2021
Applications will have to be made via the NCSS online portal using CorpPass.
Core Capabilities
Projects under Core Capabilities help businesses to prepare for growth and transformation by strengthening their business foundations. These go beyond basic functions such as sales and accounting.
Innovation and Productivity
Projects under Innovation and Productivity support companies that are exploring new areas of growth, or looking for ways to enhance efficiency. These include reviewing and redesigning of workflow and processes. Companies can also tap into automation and technology to enhance the efficiency of routine tasks.
Market Access
Projects under Market Access support businesses that are exploring to venture overseas. The EDG can help to defray some of the cost incurred when expanding into overseas markets.
*Note: As of 1 April 2020, all applications for EDG should include commitment to worker outcomes as part of the qualifying requirements. This will include wage increment, job creation, job redesigns or training for existing staff.
Qualifying project cost that is related to software and equipment, third party consultancy and internal manpower can be supported. As announced during the Supplementary Budget 2020, for the period 1 April 2020 to 31 December 2020, the maximum level of support will be enhanced to 80%. For businesses that have been very badly affected by the COVID-19 pandemic, the maximum level of support may even be raised to 90%, depending on a case-by-case review.
To qualify for EDG, companies must fulfil the following conditions: -Be registered and operating in Singapore -Have a minimum 30% local shareholding with Company’s Group annual sales turnover less than S$100 million, OR less than 200 employees -Be in a financially viable position to start and complete a project Should you require more information on the application process for the Enterprise Development Grant, please contact Woon at 9824 1643 or email woon@361dc.com.
1. FWA Incentives (Up to S$70,000)
2. Job Sharing Incentives for PMETs (Up to S$35,000)
Yes, you can apply for more than 1 pre-scoped solution. However the total funding will be capped at $30,000 per SSA, subject to the availability of funds.
Yes, each SSA can only purchase up to $8,000 worth of laptops and/or online conferencing tools.
pplicant SSAs will be notified within 6 weeks of submission.
The solution should be used for minimally one year.
The solution must be used for at least one month before claims can be submitted. The processing time is about 4 to 6 weeks.
The funds will be directly credited to the bank account that was provided during application.
