Funding support for partnerships with local enterprises
The PACT grant supports partnerships between multinational corporations/large local enterprises, and Singapore-based local SMEs. The support covers 5 modalities of partnerships, which include Supplier Development, Co-Innovation, Capability Training, Internationalisation, and Corporate Venturing.
PACT defrays part of costs incurred by global companies and their local suppliers or partners for activities arising from the partnership modalities mentioned above.
These costs may include manpower, software, hardware and equipment, and professional services.