The Management Development Scholarship (MDS) aims to raise up the next generation of leaders for the trailblazer companies of tomorrow. Through a co-funding scholarship arrangement to pursue renowned graduate business programmes at leading local universities, MDS brings together the potent combination of promising young executives who have high leadership potential and dynamic, high-growth SMEs.
The MDS will provide funding at the following levels :
- Full-time MBA : SPRING will provide grant value of up to 70% of expenses which includes tuition fees, basic stipend and other related expenses, including monthly allowance for full-time MBA scholars. The remaining costs are borne by the sponsoring SME.
- Part-time MBA : SPRING will provide grant value of up to 90% of tuition fees and other related expenses. The SME will bear the full salaries throughout the course of study. The remaining costs are borne by the sponsoring SME.
For SMEs
You can develop existing young managers in your company or attract new talent through the MDS if your company meets the following criteria :
- At least 30% local shareholding, group fixed assets below S$15 million
- Less than 200 employees (for companies in the services sector)
- Shows good company growth potential
- Offers good opportunities for career development and advancement
- Fulfills criteria (A) and (B), OR (A) and (C) :
(A) Size and growth
i. At least S$10 million in annual sales turnover#, or
ii. At least S$5 million in annual sales turnover# and company growth exceeding industry average, or
iii. At least 50 staff and company growth exceeding industry average
(B) Markets
i. Revenue from overseas markets, including sales from non-domestic sources, foreign exports, or sales bound overseas via local intermediary
(C) Operations
i. Investments in foreign operations, or
ii. Multiple establishments^
# Turnover to include only value added products and services
^ Examples of establishments include outlets, factories, facilities
For Individuals
You can be a future business leader with a rewarding career in a dynamic, high-growth SME. You can apply for the MDS if you :
- are currently working in an SME or are interested in joining one
- are a citizen or permanent resident of Singapore
- have 3 to 8 years of working experience
You will need to :
- apply for a recognised academic programme
- seek an SME to participate as a Sponsor Company, before embarking on the programme
- serve a 3 month internship in the SME prior to embarking on the approved course if you are a new recruit. Performance must be deemed satisfactory by the SME
- serve a bond of up to 2 years in the SME upon completion of your studies
- co-signing
To apply for the MDS, please download the relevant forms :
For SMEs
If you are an SME seeking to recruit and groom new talents, please download Application Form (For SMEs).
For Individuals
If you are an individual currently employed by an SME, please download Application Form (For SMEs) & Application Form (For Individuals).
Please submit the completed forms with the relevant supporting documents to :
Business Leadership Division (Attn: MDS)
SPRING Singapore
2 Bukit Merah Central
Singapore 159835
Email : mds@spring.gov.sg
MDS Brochure
DBS Enterprise Education Loan
Website : www.dbs.com/sg/enterprise/credit/education