SkillsFuture Enterprise Credit: AI Training for Singapore Companies

Understanding SkillsFuture Enterprise Credit (SFEC)

SkillsFuture Enterprise Credit is a one-time S$10,000 credit provided to Singapore employers to encourage enterprise transformation through workforce training. Unlike individual SkillsFuture Credit, SFEC is organization-focused and designed to support company-wide upskilling initiatives.

Why SFEC Matters for AI Transformation

AI adoption requires team-wide capability building, not just individual learning. SFEC enables organizations to:

Train Multiple Employees: Use the S$10,000 credit across your workforce, not limited to one person

Enterprise-Wide AI Literacy: Build foundational AI understanding across departments—from C-suite to operations teams

Complementary Funding: Stack SFEC with employee SkillsFuture Credits and MCES subsidies for maximum cost efficiency

Strategic Skills Development: Align training with your company's AI adoption roadmap

Who Can Claim SFEC?

Eligible Employers

All Singapore-registered businesses receive SFEC, subject to these criteria:

• Registered in Singapore: Company must be registered with ACRA
• At least 3 local employees: Minimum of 3 Singaporeans or PRs on payroll
• Active entity: Business must be operational (not dormant)

Company Size: SFEC applies to all sizes—SMEs, mid-market companies, and large enterprises all receive the base S$10,000 credit.

SFEC Top-Ups for SMEs

Small and medium enterprises (SMEs) may qualify for additional credit:

• First S$10,000: Automatically credited to all eligible employers
• Additional S$10,000: Available for SMEs in growth sectors (including tech/AI)
• Total Potential: Up to S$20,000 for qualifying SMEs

Check with SkillsFuture Singapore (SSG) to determine if your company qualifies for top-ups.

How to Use SFEC for AI Training

Eligible AI Training Programs

SFEC can be used for:

1. Workforce Skills Qualifications (WSQ) Courses: Nationally recognized AI certifications
2. SSG-Approved Courses: Courses listed in the SkillsFuture Course Directory
3. Company-Specific Programs (CCP): Customized AI training designed for your organization's needs

Strategic Approaches to SFEC for AI

Approach 1: AI Leadership Training

Invest SFEC in training your leadership team:

• C-suite: AI Strategy and Digital Transformation (S$3,000-4,000 per executive)
• Mid-managers: AI Project Management and Implementation (S$2,000-3,000 per manager)

With S$10,000, you can train 3-5 leaders who then champion AI adoption throughout the organization.

Approach 2: Team-Wide AI Literacy

Build foundational AI understanding across your workforce:

• Foundational AI courses: S$500-1,000 per employee
• With S$10,000, train 10-20 employees in AI basics

This approach creates company-wide AI awareness, enabling better adoption when deploying AI tools.

Approach 3: Specialist AI Skills Development

Develop deep AI expertise in key personnel:

• WSQ Diploma in AI and Data Analytics: S$8,000-10,000
• Train 1-2 employees as internal AI specialists

These specialists become your in-house AI champions, supporting ongoing transformation.

Approach 4: Hybrid Model (Recommended)

Combine approaches for maximum impact:

• 2 executives: AI Strategy training (S$6,000)
• 5 employees: AI Fundamentals (S$4,000)
• Total: S$10,000 utilized

This builds both strategic vision and operational capability.

Claiming SFEC: Step-by-Step Process

Step 1: Verify Your SFEC Balance

1. Visit the SkillsFuture Singapore (SSG) portal
2. Log in using CorpPass (your company's digital identity)
3. Check your SFEC dashboard to see available credit (typically S$10,000)

Step 2: Select Approved Training

Browse eligible courses:

• Visit MySkillsFuture portal (myskillsfuture.gov.sg)
• Filter by "Enterprise Courses" or "WSQ Courses"
• Identify AI training programs that match your needs

Note: Not all courses are SFEC-eligible. Look for the "SFEC Eligible" badge.

Step 3: Enroll Employees

1. Register your selected employees for the chosen courses
2. Use employees' SingPass credentials for registration
3. Indicate that you're using SFEC during checkout

Step 4: Utilize SFEC Credit

During payment:

• SFEC credit is applied first
• Remaining balance can be covered by:
  • Employee SkillsFuture Credit
  • MCES subsidies (if employee is 40+)
  • Company payment

Step 5: Employees Complete Training

Track employee progress to ensure:

• Attendance meets minimum requirements (typically 75%)
• Assessments are completed
• Certifications are earned

Failure to complete may require refunding subsidies.

Maximizing SFEC for AI Training

Stacking Funding Sources

SFEC is most powerful when combined with other subsidies:

Example: Training a 42-year-old employee

WSQ Diploma in AI (Full Fee: S$10,000)

• MCES Subsidy (90% for age 40+): -S$9,000
• Net Course Fee: S$1,000
• SFEC Applied: -S$1,000
• Employee SkillsFuture Credit: S$0 needed
• Company Out-of-Pocket: S$0

Result: Free advanced AI training for your employee by stacking SFEC, MCES, and course subsidies.

Multi-Year Planning

SFEC is a one-time credit, but plan strategically:

Year 1: Use SFEC to train initial AI champions
Year 2: Champions train others using internal knowledge transfer (minimal cost)
Year 3: Refresh skills with new funding sources (MCES, SkillsFuture Credit)

This approach extends the value of SFEC beyond the initial credit.

Customized Training Programs

For companies with specific AI needs, consider Company-Customised Programs (CCP):

• Work with training providers to design AI curriculum for your business context
• SFEC can fund up to 50% of CCP costs
• Higher relevance to your operations compared to off-the-shelf courses

Examples:

• "AI for Retail Demand Forecasting" (for retail companies)
• "AI in Clinical Diagnostics" (for healthcare providers)
• "AI-Powered Financial Risk Models" (for financial institutions)

Industry-Specific SFEC AI Training Strategies

Financial Services

Regulatory pressure and competitive dynamics make AI adoption urgent. Use SFEC to:

• Train compliance teams in AI risk management and ethics
• Upskill analysts in AI-powered fraud detection
• Develop internal AI governance frameworks through leadership training

Healthcare and Medical

Clinical AI applications require specialized knowledge. Direct SFEC toward:

• Medical staff: AI in diagnostics and imaging
• Administrators: Healthcare data analytics and AI operations
• Leadership: AI ethics in clinical settings and patient privacy

Manufacturing and Logistics

Operational efficiency gains from AI are substantial. Prioritize:

• Production managers: Predictive maintenance and quality control AI
• Supply chain teams: AI-driven demand forecasting
• Engineers: AI-powered process optimization

Professional Services

Consulting, legal, and accounting firms can leverage AI for productivity. Focus on:

• Partners: AI strategy for service delivery transformation
• Associates: Generative AI for research and content creation
• Operations: AI-powered workflow automation

Common Questions About SFEC

How long is SFEC valid?

SFEC does not expire. Once credited to your company, it remains available until fully utilized. However, it's advisable to use it within 3-5 years to ensure training remains relevant to evolving AI technology.

Can we use SFEC for non-AI training?

Yes, SFEC is not limited to AI courses. You can use it for any SSG-approved training. However, given AI's transformative impact, many companies prioritize AI skills development.

What happens if we don't use the full S$10,000?

Unused SFEC remains in your company account indefinitely. There's no penalty for partial usage, but maximizing the credit provides better ROI on government funding.

Can different business entities in a group share SFEC?

No, SFEC is tied to individual registered entities (UEN numbers). If your group has multiple subsidiaries, each receives its own S$10,000 credit.

What if employees leave after training?

There's no requirement to repay SFEC if employees leave. However, consider having employees sign training bonds if you're concerned about retention post-training.

Next Steps: Activating Your SFEC for AI Training

1. Check Your SFEC Balance: Log in to SSG portal with CorpPass
2. Assess Your AI Training Needs: Determine which roles need AI upskilling
3. Browse SFEC-Eligible AI Courses: Visit MySkillsFuture to explore options
4. Plan Your Training Roadmap: Decide which employees to train first
5. Register Employees: Enroll selected employees in chosen courses
6. Track Progress: Monitor completion to ensure full value from training

For assistance designing an AI training strategy for your organization using SFEC, contact Pertama Partners. We help Singapore companies maximize government funding for AI transformation.