Objectives:
- Defray costs related to equipment, materials, testing, and professional services for supplier validation to meet OEM requirements.
- Provide wage support for managers hired by OEMs for supplier identification, procurement, and manufacturing/quality system setup.
- Support productivity improvements, knowledge transfer, and test-bedding of innovative solutions.
- Facilitate co-innovation activities such as joint product development at the proof-of-concept stage.
- Encourage consortium partnerships for common business development opportunities.
- Help SMEs adopt or incorporate niche technologies into their processes or products.
- Promote closer partnerships between multinational corporations, large local enterprises, and SMEs.
- Expand support to capability training, internationalisation, and corporate venturing.
Target Beneficiaries:
- Original equipment manufacturers (OEMs) and their suppliers.
- Multinational corporations and large local enterprises.
- Small and Medium-sized Enterprises (SMEs) with operating receipts not more than S$100 million or employment not more than 200 workers.
- Singapore-based companies including those with manufacturing activities overseas.
Key Features:
- Support rates for non-SMEs: up to 50% for software, materials, professional services, hardware, and equipment; up to 70% for manpower costs.
- Support rates for SMEs: up to 70% for software, materials, professional services, and manpower costs; 50% for hardware and equipment.
- Covers supplier development, co-innovation, capability training, internationalisation, and corporate venturing.
- Since inception, S$150 million allocated, benefiting over 2,500 Singapore-based firms.
- Enhanced in 2020 to increase support rates and expand scope to overseas manufacturing activities.
Application Process:
- Companies can approach the Singapore Economic Development Board (EDB) and Enterprise Singapore for assistance and application.
- Eligibility is based on company size and nature of activities aligned with PACT objectives.
PACT fosters ecosystem resilience by enabling local suppliers to qualify for multinational corporations' approved lists and collaborate on innovative manufacturing solutions such as additive manufacturing and 3D printing. It supports growth in industries like healthcare and aerospace through capability transformation partnerships.
