A funding scheme under the Innovation and Technology Fund that subsidises local companies on a 2:1 matching basis to train their staff in advanced technologies, especially those related to “New Industrialisation”.。
New Industrialisation and Technology Training Programme (NITTP)
- Based on the company, both employer and employees can apply (the employer must be salaried)
- The annual cap is $500,000 per company (based on the financial year)
- The government subsidizes 2/3, and the employer only needs to pay 1/3 of the tuition fee
- Apply for 2/3 funding in advance and get 50% of the fee reimbursed in advance
- Must enroll in courses recognized and approved by NITTP
- Must be a advanced technologies related course
- No Exam and No homework