It was launched by the enterprise development agency SPRING which works under the Ministry of Trade and Industry.
The SkillsFuture Mentors Programme will begin with a pilot pool of 18 mentors who will help support SME participation in the Earn and Learn Programme and the SkillsFuture Enhanced Internships.
The goal is to increase the pool to 400 mentors to support 2,000 SMEs over the next three years.
Moreover, SPRING will provide 100% funding support for the SMEs for the first three years.
Chew Mok Lee, Assistant Chief Executive of SPRING Singapore, said many SMEs face talent attraction and retention challenges due to a lack of experience and resources in creating training plans and career progression pathways.
“The SkillsFuture Mentors will help SMEs enhance their learning and development practices to build a quality workforce that supports business growth. SPRING will work with the Institutes of Higher Learning and industry to ensure quality mentors are being matched to the SMEs,” he said.
The mentors will be matched to eligible SMEs over a nine-month period, and will provide coaching to the SMEs’ supervisors and managers to assist their training delivery to the trainees.
“We aim to first identify their specific problems and customise training to help them achieve sustainable growth, further leading them to the road to success,” Peggy Leong Yeo, one of the mentors, was quoted as saying by Today Online.
“Many SMEs are facing the business transformation challenge besides being resource-constrained.”
A budget of $45 million for a mentorship programme has been allocated for small and medium enterprises (SME’s) with the intention of consolidating their L&D capabilities.